Stern’s SiriusXM Contract Extended, 3 Weeks Before It Was Due to Expire

SiriusXM’s signing of Howard Stern to a five-year contract extension, announced Tuesday, likely will stand as CEO Jim Meyer’s final high-profile action before he transitions to executive chairman Jan. 1 and relinquishes the top post to Jennifer Witz. The agreement gives SiriusXM license to the Stern audio and video catalog through 2032. A little more than three weeks before Stern’s contract was due to expire, this was a cliffhanger Meyer apparently didn’t foresee when he told investors Oct. 22 that a deal was close (see 2010220019).