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Howard Stern Nears Deal With Sirius XM for Around $120 Million a Year

The amount would exceed his previous contracts, which topped out at roughly $80 million to $100 million.

Howard Stern
Howard SternPhotographer: Theo Wargo/Getty Images
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Howard Stern, the radio shock jock who’s maintained his star power in the podcasting era, is nearing a contract renewal with Sirius XM Holdings Inc. that would boost his pay to about $120 million a year, according to people familiar with the matter.

Stern’s contract with Sirius expires at the end of December, and the 66-year-old has been negotiating a fresh deal for the better part of the year, said the people, who asked not to be identified because the conversations are ongoing. His previous five-year contracts, which cover production and staff, topped out at roughly $80 million to $100 million.