Howard Stern will continue to earn a hefty salary despite cutting his SiriusXM show to one episode a week and laying off employees.
The radio giant has renewed “The Howard Stern Show’s” contract with SiriusXM in December 2025 with a three-year deal. The value of his current contract has not been disclosed, but it will be a staggering $500 million over five years.
Mr. Stern previously earned $100 million a year, or about $8,000 per minute after appearing on his four-hour weekly radio show.
But Stern’s screen time will likely increase even further, as he takes long summer vacations each season in addition to other vacations throughout the year.
The surprising revenue forecast comes on the heels of Page Six’s exclusive report that Stern will cut back from three shows a week to one.
He also reported that about a dozen staff members from his SiriusXM show were fired via Zoom on Monday.
The staff members were sent home immediately after making the report and will receive severance pay based on how long they worked for the network.
Stern kept a team of veteran producers because “we don’t need that much content anymore.”
The remaining broadcast time will be filled with tapes from his archives.
Mr. Stern caused panic last year when he announced to his staff on the night of Labor Day that he would not be returning to the airwaves as expected.
He reportedly skipped the episode due to “dissatisfaction” with contract negotiations.
When he returned for another three years in December, he said on the show: “I’m happy to announce that I’ve found a way to have it all.”
“I have more free time and can continue to be on the radio,” he added, explaining that his new contract gives him more “flexibility.”
“I like my days off. You know, I’m never bored. I’m busy every minute,” he said.
Stern signed his first contract with Sirius Satellite Radio in 2004, earning him $500 million over five years.
The deal reportedly included production, staff and stock compensation. He has been on the airwaves since the ’70s, most of the time with Robin Quivers.
He sued Sirius in 2011, alleging that the company violated stock-based compensation payments for increasing membership.
A Sirius spokesperson did not respond to a request for comment.
