After two decades on satellite radio, The Howard Stern Show is reportedly getting canceled. According to The U.S. Sun, SiriusXM is preparing to part ways with the 71-year-old radio legend when his current contract expires this fall.
Stern, long considered one of the most influential broadcasters in American radio history, may be preparing to exit the airwaves for good.
Stern has been under a high-value contract with SiriusXM since 2006, when he left traditional terrestrial radio to join the then-fledgling satellite service. Since then, he has signed a series of lucrative deals, with estimates placing his annual earnings between $80 million and $100 million.
However, insiders claim SiriusXM is no longer willing to continue paying those steep sums.
“Stern’s contract is up in the fall, and while Sirius is planning to make him an offer, they don’t intend for him to take it,” said a source. “Sirius and Stern are never going to meet on the money he is going to want. It’s no longer worth the investment.”
There is speculation that SiriusXM may attempt to retain the rights to Stern’s massive back catalog of interviews and content, but the live show is expected to come to an