Sirius XM Shares Jump on Report Howard Stern Decides to Stay

Sirius XM Radio Inc., the U.S. satellite-radio broadcaster, jumped in early trading after CNBC reported talk-show host Howard Stern is staying with the company for five more years.

Sirius XM rose as much as 25 cents, or 19 percent, to $1.56 in trading before U.S. exchanges opened. The shares have more than doubled this year on the Nasdaq Stock Market.

Terms of the agreement weren’t disclosed, CNBC said. Patrick Reilly, a spokesman for Sirius XM, didn’t immediately respond to a phone call or e-mail seeking comment.

To contact the reporter on this story: Sarah Rabil in New York at srabil@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net

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