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Howard Stern's Company Sues SiriusXM Radio

3/22/2011 2:26 PM PDT BY TMZ STAFF

Howard Stern's production company and manager are suing SiriusXM Radio ... claiming Howard was bilked out of stock awards SiriusXM promised him.

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According to the suit, filed in New York and obtained by TMZ, Sirius courted Howard to come there in the first place by promising him a share "in any success that the company achieved."  But the suit claims, once Sirius conquered its chief competitor -- XM -- and acquired more than 20 million subscribers, it decided on its own Howard had been paid enough.

Stern alleges the subscriber estimates on which his stock bonuses were to be based ranged from 3.7 million in 2006 to 12.1 million in 2010.  According to Stern, he actually blew those estimates out of the water and Sirius today has a subscriber base of more than 20 million subscribers.

The suit claims, "Sirius needed Stern more than Stern needed Sirius."

The suit seeks unspecified damages.

Calls to Sirius were not returned.


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120 COMMENTS

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1.

Jeff    

Copy editor?

1125 days ago
2.

sassy    

I'm not a huge Howard fan, but he made Sirius what it is today and they owe him. BIG TIME.

1125 days ago
3.

awards    

Swindle Howard? Good luck with that!

1125 days ago
4.

Donna    

And they are suing because Stern hasn't made enough money off of them? Get real.

1125 days ago
5.

stuart    

http://twitter.com/ModelBubbles

1125 days ago
6.

Superman    

I knew he and Sirius would be fighting over money eventually. If you play with snakes, then you should expect to be bitten. Why anybody listens to that sc*mbag is beyond me!!

1125 days ago
7.

diogenes    

Stern--what a bag of hot air, so full of himself. All it takes is a push of a button.

1125 days ago
8.

Sloane    

when is enough money ever enough
for Howard and for Sirius

would love to see it published as to what is given to charities

1125 days ago
9.

Cristian02    

SIRIUS XM OWES Howard at least 500 million !!! 20 million subscribers at an average of $12.95 per month. Do the math. BABABOEEY!!!!!!!!!!!!!!!!

1125 days ago
10.

Vault101    

People still listen to Howard Stern? I thought he was dead.

1125 days ago
11.

Criss    

He actually believes his own hype. He actually think that every single person who has sat radio has it for him. What a delusional fool! I can't believe I used to be a total fan of his.

1125 days ago
12.

Waldo Von Brewski    

King of All Vacations, Howard Stern who now works three days a week is a crybaby.

How about filling the Artie chair cheapskate!

How about programming Howard 101 with professionals, not wack packers and other minor leaguers who don't belong on the radio.

It's all about the marbles.

It's all about the marbles.

It's all about the marbles.

It's all about the marbles.

1125 days ago
13.

Originalkat    

Does he not get paid enough to be a sleezy jerk? He is paid way too much and should flip burgers at somewhere I wouldn't eat.

1125 days ago
14.

Phreaky    

This is exactly the kind of BS that will cripple/destroy a company. It's not enough he makes hundreds of millions in just his salary, now he wants millions extra from the company. I'm not saying he didn't make the company successful, but my god, enough is enough.

1125 days ago
15.

James R. - Los Angeles    

Gee, Howie.

How does it feel to be screwed over by your own kind?


LMAO!

1125 days ago
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

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