Karmazin and Stern still talking.
Sirius XM Radio CEO Mel Karmazin had pledged to have an answer to the question of whether Howard Stern would remain at the satcaster by today. Karmazin tells investors today there’s no update “other than to say negotiations continue.” Stern’s five-year, $500 million contract expires December 31.
Sirius XM revenue was up 16% in third quarter and it turned a $68 million profit compared to a loss of more than twice that amount one year ago.
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