How much money does Howard Stern actually get from Sirius Radio?
That question was partially answered by Mel Karmazin last week.
From the Chigaco Tribune Interview with Mel Karmazin, CEO Sirius Satellite
Novemeber 9, 2007:
Mel Karmazin, chief executive officer of Sirius Satellite Radio, met with the Tribune editorial board Wednesday to discuss the proposed merger of Sirius with XM Satellite Radio, shock jock Howard Stern and the intense competition in media markets.
Excerpts:
On Howard and Sirius Radio:
Tribune: Was the Howard Stern deal a winner? He all but credits you for saving his life, his career.
Karmazin: I’m not sure I’d like to be known for that. Howard got $80 million a year in cash. To make that deal work, you need a million subscribers paying $120 a year or $12.95 a month.
The day I started, which was a month after he started, there were 700,000 [Sirius] subscribers. Our last number that we issued was 7.7 million. Now, if you ask Howard, those 7 million subscribers all came because of him. But, do we believe that we received over a million subscribers [because of Stern]? Yes. I think Howard has helped satellite radio.
Tribune: There was all this buildup about what Stern would be like once he had the shackles off. Did you get what you expected?
Karmazin: Part of his act was that he’d always complain about things. Well, he’s a pretty happy guy now. It used to be better radio when he was bitching, right? But he doesn’t have the FCC [Federal Communications Commission] to complain about. From my point of view, just using the “F-word” or using some of the language that you’re allowed to use on satellite radio that you couldn’t use in terrestrial radio, I mean, at my age, I don’t find that to be the attraction. I’ve always thought that Howard was a comedian. I used to commute to work, I’d listen to him to make my commute go better.
Tribune: Do you censor your own channels?
Karmazin: Someone has to draw the line. We censor ourselves on where the line is. Our president of programming, it’s his responsibility for everything that comes through his speakers. I hear things from time to time that I disagree with and I will discuss it with him. You have to have that responsibility and I think that everybody does. But in our case where the FCC’s issue was that “you say the ‘F-word’ and you’re gonna get fined,” now we don’t have that issue, and our talk-show hosts do say the “F-word” from time to time, but I want to make sure they’re not saying it for the shock value.
To read article in its entirety: http://www.chicagotribune.com/technology/chi-oped1109siriusnov09,1,4492333.story?ctrack=1&cset=true
Tags: Howard Stern- General by Mrs. Howard Stern
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