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Wed Oct 6, 2004
By Franklin Paul Reuters Howard Stern, the ribald radio host who has become a poster boy for bad behavior on U.S. airwaves, will jump to Sirius Satellite Radio in January 2006, freeing him from the grips of regulators and giving the nascent satellite radio sector a big boost. The $500 million, five-year deal, announced by Stern and Sirius on Wednesday, lures Stern away from Viacom Inc.'s (VIAb.N: Quote, Profile, Research) Infinity Broadcasting, and will propel a subscription-based radio business modeled on cable television. (More at http://www.reuters.com/aitoolkit/ait...ryID=643296 7 ) |
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