Overview

• Stern’s five-year, $500 million SiriusXM contract expires at the end of 2025, prompting intensive renewal discussions.
• Sources say SiriusXM is reluctant to match Stern’s previous salary level, citing cost concerns given a dramatic drop in listenership.
• Stern is open to a one- to two-year deal to safeguard his roughly 95-member production team from abrupt layoffs.
• SiriusXM may seek to license Stern’s extensive back catalogue instead of renewing full show rights to manage expenses.
• In a surprise August broadcast, Stern confirmed he will return on air after his Labor Day break with no official renewal or cancellation announced.