Tuesday, January 09, 2007
Nice work, if you can get it.....
Sirius gives shock jock $82.9M in stock
"Sirius Satellite Radio Inc. paid Howard Stern an $82.9 million stock bonus Tuesday after the company beat a subscriber target set two years ago when it lured the star shock jock away from terrestrial radio.
The bonus came one year after Stern started broadcasting his hugely popular and racy programming on satellite radio. The stock bonus is on top of Stern's five-year, $500 million pay package that he signed in October 2004."
So, let's get this straight.
Sirius is still losing tons of money.
Stern has about one-tenth of the audience he had on terrestrial radio.
And he make more money than ever?
Nice gig! ;-)