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Howard Stern to Get $220M in Sirius Stock
Jan 05 4:24 PM US/Eastern
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NEW YORK
Sirius Satellite Radio Inc. will give Howard Stern 34 million shares of stock _ worth about $220 million at today's prices _ because the company has met agreed-upon targets for gaining new subscribers under its 2004 deal with the shock jock. In a regulatory filing Thursday, Sirius said its subscriber count as of Dec. 31, 2005, exceeded the target it had agreed upon with Stern in October 2004, when it made a five-year deal with him.
Jan 05 4:24 PM US/Eastern


NEW YORK
Sirius Satellite Radio Inc. will give Howard Stern 34 million shares of stock _ worth about $220 million at today's prices _ because the company has met agreed-upon targets for gaining new subscribers under its 2004 deal with the shock jock. In a regulatory filing Thursday, Sirius said its subscriber count as of Dec. 31, 2005, exceeded the target it had agreed upon with Stern in October 2004, when it made a five-year deal with him.