SiriusXM Still Lacks Stern Renewal Deal, Says Incoming CEO
Nearly a month after departing SiriusXM CEO Jim Meyer said a long-term contract renewal with Howard Stern was near (see 2010220019), Meyer’s successor said it lacks a pact. “We’re excited to continue working with Howard,” incoming CEO Jennifer Witz told…
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CNBC Friday. “We don’t have anything specific to announce today, but I’m really encouraged and confident that we’ll have something to say soon.” Witz becomes CEO Jan. 1, when Meyer shifts to vice chairman. Stern's contract expires Dec. 31. The day after Meyer spoke about an imminent deal, Stern shot down speculation that an agreement was near.