Money Matters - Simplified

Stern signs 5-year contract with Sirius

New York -- U.S. shock jock Howard Stern said on his radio show Thursday he has signed a contract that will keep him on SiriusXM Radio another five years.

Stern's current 5-year-contract, for which he was paid $500 million, expires Dec. 31.

Although UsMagazine.com reported Stern did not say how much he is to be paid under this new agreement, he said recently he had no intention of taking a pay cut from his $100 million-a-year salary.
Copyright 2010 United Press International, Inc. (UPI).

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