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Howard Stern had claimed his employer owned him additional stock awards for exceeding subscriber targets that would have totaled more than $300 million — targets exceeded when Sirius merged with rival XM Satellite Radio. But Judge Barbara Kapnick of the New York State Supreme Court wrote in an order dated Monday that the contract language “is inconsistent with any reading that the parties intended subscribers acquired by merger with XM to be considered.” She called the disputed wording “clear” and “unambiguous”. In the suit filed by his production company and agent against Sirius in March 2011, the company’s highest-profile and highest-paid DJ said the sub gains that resulted when Sirius merged with XM should be counted as part of the math that calculated Stern’s compensation in his original blockbuster five-year, $500 million contract that brought Stern over from terrestrial radio. The lawsuit came three months after Stern signed a new five-year deal to remain at Sirius XM, a move that launched a war of words between Stern and Sirius XM boss Mel Karmazin, who at one point claimed he wasn’t in favor of Stern’s original blockbuster deal in the first place, though Karmazin was plenty happy when Stern landed his high-profile judging gig on NBC’s America’s Got Talent.
Related:
Howard Stern Vs. Mel Karmazin: Round 2
Howard Stern Vs. Mel Karmazin: It’s War!
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Waaaaaaaaaaaaaa! I didn’t my 300 million! Waaaaaaaaaaaaa!
It’s a good thing that Stern now has “America’s Got Talent.” God knows that No One can live on just $500 million! Poor thing, how’s he going to support his family?? Well, Howard, you know – Shit Happens. Ain’t karma a bitch, baby?
It’s not a matter of subscribers he brought in, it’s how many of them stayed. The show is unlistenable. Now it’s the Hampton Howie show. Or The bitching millionaire show.
And yet that “The bitching millionaire show” Still has millions of fans.
Tough break buddy.
Nice lawyering Stern team. How obvious was it to include simple language that subscriber growth would include those added organically as well as by acquisition, including the even then more obvious and publicly discussed merger with XM…? Oops. My 2 yr old, Mr. Toddler, Esq., pointed this out to me.
Howard has essentially been falling apart since he made a movie about how much he loved his wife , then divorced her and abandoned his family for an underwear model.
Next: Sandbox Howie turns his potty-mouth on the female judge.
He’ll win in appeals court. That merger never would have happened with out Stern. As soon as his contract is done you’ll see a mass exodus. Pay up mel!
yep, when he leaves, so do i.
Here are the facts-(as far my life is concerned). I subscribed to Sirius for Stern. I will cancel my subscription when Howard leaves. I can’t speak for the 25 million customers but I am sure I am not alone.
You’re not alone.
“Howard Stern had claimed his employer owned him additional stock awards” …. owned?
it is pretty hard to feel much sympathy for Howard Stern, especially since he’s doing a 3-day workweek these days, with plenty of weeks off, to boot
Poor Howard. What ever will he live on?
And furthermore–congratulations Sirius on claiming–victory over the man who saved your company. He should walk out the door and never look back.
He deserves every penny. Sirius is NOTHING without him. When he leaves Sirius so will the subscribers. 0.0
As long as this can of worms has been opened, I have to say as a guy admires Stern’s talent and his overall contribution to radio, his show as of late has been disappointing. Ha’s not far off in his bottom line description of the program.
The shows seem full of recycled stories about his tough three-day-a-week schedule, complaints about his trips for AGT, and blah descriptions of his photography shoots — things that do not resonate with most Average Joes and Joettes.
It almost sounds as if he hates to be there — which is sad.
That said, the repeats on Howard 101 are worth it. They’re reminders of how damn funny and likable the man can be.
The show’s never been better.
It’s funny to read the same people posting the same complaint over and over again all over the web under diffrent user names about Stern yet they still listen to him. As for who stayed, do you know that he loss listeners or are you speading more lies because of a personal problem?
Would not be surprised one bit if someone replies saying that they did stop listening in order to pretend that it’s true. As for the lawsuit, Stern did has a chance on appeal, so it’s not over yet.
The ruling can NOT be appealed, it was dismissed without prejudice, aka, NO appeal allowed.
There is a chance of appeal, so try to know what you are talking about.
Some of the negative posts are coming from the same person going all over the web posting the same stuff. You’re not fooling anybody.
It’s funny – in a way, they’re both ‘right’. Sirius says buyouts not included, Howard says that wasn’t specified. It’s a tie.
Even before this pointless lawsuit, Stern already had been paid an obscene amount of money and is absurdly overpaid by any measure. He does NOT deserve the money, NONE of these overhyped, over-indulged, and obnoxious celebs deserve the money. I just wish Stern would die and disappear, he is so boring and tiresome and brain-dead, with his repetitious comments about lesbians, breasts, and everything else. Why do people like the guy???????
I mean, I will acknowledge that many years ago, he was one of the more creative and audacious guys in the radio biz. But now…………………..ZZZzzzzzzzzzzzz. BORING BORING BORING!
The show is a sad shadow of its former self, and he’s become everything he once lampooned. There was a time when he and his talented writers (Jackie, Billy) made an effort to be funny; now it’s just an increasingly hermetic Stern talking about Stern and the boring, fabricated “feuds” between the similarly boring staff who work for him. He revolutionized radio, but he didn’t know when it was time to move on to other projects. The only people who listen to him now are old men who do it out of habit or nostalgia.
His interviews are still great, but when he goes off about his millionaire lifestyle, the photo shoots of famous friends, or when the staff yell at each other, it’s boring. I only signed up with sirius for his show, though, and would not renew if he leaves.
My least favorite part of his interviews is when he starts asking people what they are worth. He demands honesty of his guests, but not of himself. Congrats on your victory Mel.
One can do the math to see he is worth the money. Even if only 5 million people paid $5/mo to listen to him directly through a standalone internet/podcast service he would collect $300 million a year. He should do this and skip out of Sirius.
He is under-paid.
I think that’s what going to happen with Stern when his contract is up. Cut a deal with Apple and just go the streaming route. He’ll never get the money he actually wants with any broadcast company.
Your an idiot…the guy just wants what they promised him in a contract. 500 million or 5 cents…it doesn’t matter. There would be no Sirius without Stern and nobody can deny that. XM merged because of him. Watch how fast Sirius stock plummets when he retires and 80% of the listeners leave with him….besides, he’ll win his bonus on appeal. That judge is overturned more than any judge in NY state….