Sirius Still Seeking Stern Deal as Contract Nears End

Sirius XM Radio Inc., the U.S. satellite radio broadcaster, said it’s continuing to negotiate a new contract with talk-show host Howard Stern less than two months before his existing contract expires.

Chief Executive Officer Mel Karmazin said in August that the company hoped to have an announcement about Stern’s contract before the release of third-quarter earnings, which came out today. Karmazin said on a conference call today the company still doesn’t have a deal with Stern, whose five-year, $500 million contract expires at the end of December.