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Howard Stern Re-Signs With Sirius

Satellite

Five-year deal after stock slumps.

cheats/2010/12/09/howard-stern-re-signs-with-sirius/lauria-howard-stern_90736_yyswnj
RICHARD DREW

Don't worry, Sirius stockholders, Howard Stern is sticking around to prop up satellite radio. The shock jock announced Thursday he has signed a new five-year contract with Sirius, quelling rumors that he might be planning to switch formats. Rumors of a Stern departure sent Sirius' stock price down 14 percent as executives predicted as many as 2 million customers might cancel their subscriptions if Stern left. The company has seen an increase in subscriptions as the auto industry has recovered, since a large percentage of its sales are tied to deals with automakers.

Read it at CNN