Howard Stern Moves to Sell $200M in Sirius Stock

FORBES MAGAZINE ^ | 01.11.2006, 02:06 PM | SETH SUTEL

[SamAdams76]

He wants to get paid before the whole thing takes a dive. They already missed sales expectations and im sure people will get fed up listening to his crap over and over.

Don't let your hatred of Howard Stern blind you to the fact that satellite radio is a huge success and that sales expectations are actually well over expectations. In fact, XM has TWICE as many subscribers as Sirius and they don't even carry Howard Stern. You see, satellite radio is not just about Howard Stern. It's about 100+ stations of commercial free music in every conceivable genre and subgenre. It's about dozens of more stations of news, talk, sports and other formats such as Old Time Radio, Comedy and Religion.

There are currently close to 10 million subscribers paying the $13 a month and that is growing rapidly. That amounts to $130 million in revenues per month and over $1.5 billion dollars a year.

I'm not a Howard Stern fan either but he made a good career move. Satellite radio is here to stay and the vast wasteland that is terrestial radio is on it's way to obscurity.