Stern Show 5 years ago today: Stern sues SiriusXm

Discussion in 'The Howard Stern Show' started by FSFN, Mar 22, 2016.

  1. FSFN

    FSFN Well-Known Member

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    In the greatest attempted marble heist of our day, Wiggy tried to claim he was responsible for all the listeners. This was the final straw for me, he signed a new 5 year contract then sues them...click

    Howard Stern Sues Sirius XM Radio, Saying It Reneged on Stock Awards
    Howard Stern Sues Sirius XM Radio
    • Howard Stern and his agent have sued Sirius XM Radio, claiming the satellite radio company has failed to pay him stock awards tied to subscriber growth.

      Mr. Stern, 57, the outspoken talk-show host, signed a five-year, $500 million contract with Sirius Satellite Radio in October 2004, when it had less than one million subscribers. He began his show in January 2006, and two years later the company merged with XM Satellite Radio.

      The lawsuit, filed on Tuesday in New York State Supreme Court in Manhattan by Mr. Stern’s production company, One Twelve, and his longtime agent, Don Buchwald, claims that Mr. Stern was to be paid in stock when certain subscription goals were met. But after an initial payment of 34.4 million shares in early 2006 and another payment in 2007, the suit says, the company failed to make additional payments. Sirius reported 20.2 million subscribers at the end of 2010.

      “When Sirius needed Stern, it promised him a share in any success that the company achieved,” the suit says. “But now that Sirius has conquered its chief competitor and acquired more than 20 million subscribers, it has reneged on its commitment to Stern, unilaterally deciding that it has paid him enough.”

      In December, Mr. Stern renewed his contract with Sirius XM for another five years. The terms were not disclosed, but some analysts believed that it was for $80 million a year in cash, with no stock.


      In a statement, Sirius XM said it had abided by the terms of its 2004 deal.

      “Sirius XM just signed a contract through 2015 with Howard Stern, and he is a valued part of our company,” the statement said.

      “We were thus surprised and disappointed by the subsequent legal action initiated by his production company and agent. We have met all of our obligations under the terms of our 2004 agreement with Howard, his agent and production company,” the statement said.
     
  2. Wiggy

    Wiggy Well-Known Member

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    Is it one company or two, Robin? Robin?
     
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  3. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    [​IMG]
    Thank God and Baby Jesus for Judge Kapnick !!!!
    She would be an excellent choice to fill the spot in the Supreme Court.
     
  4. Austinchota

    Austinchota Well-Known Member

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  5. Benjamen

    Benjamen Well-Known Member

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    Six months after the courts refused to overrule Kapnick's decision against Howard's $300 million lawsuit, he quietly began getting new teeth installed. Two months after that, Howard announced he had joined the cast of AGT.

    [​IMG]

    If he had managed to pull off that $300 million marble heist, he never would've humiliated himself by judging ladder dancers and crossbow shooters for four years. :bigcry:
     
  6. Austinchota

    Austinchota Well-Known Member

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    [​IMG]
     
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  7. Austinchota

    Austinchota Well-Known Member

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  8. zerokarma

    zerokarma Well-Known Member

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    Howard really was an asshole to attempt that lawsuit.

    He wanted all the reward without ever taking any risk.
     
  9. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    [​IMG]
    That's a great shot of the new teeth !
     
  10. Beer Can

    Beer Can Well-Known Member

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    Doesn't really seem fair to Gary that nobody is allowed to talk about them.
     
  11. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    So true.
    Same thing with Bobo calling in every day and getting ripped on for his shitty toupee.
    It's got to suck working there listening to this hypocrite and having to bite your tongue or else get fired.
     
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  12. yaddc

    yaddc Well-Known Member

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    He trowing cat litter at her
     
  13. ShutupMoron

    ShutupMoron Unknown Member VIP

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    Hey for $330 million it was worth a shot at getting a settlement. Wiggy and Buchwald weren't counting on losing before they even got out of the gate.
     
  14. Beer Can

    Beer Can Well-Known Member

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    Howard seemed pretty sincere in thinking he was going to win. I think he and Don convinced themselves they were right.
     
  15. icypussy

    icypussy clit finder Gold

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    That was such a satisfying moment in Stern history IMO
     
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  16. ShutupMoron

    ShutupMoron Unknown Member VIP

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    I think SXM was more surprised then Wiggy that they won the case so easily.
     
  17. You Knew!

    You Knew! Well-Known Member

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    The best part was him getting angry over the comments people tweeted out laughing and making fun of him losing.
     
  18. Pigsaw

    Pigsaw Well-Known Member

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    Howard also seemed sincere in his belief that he was going to be elected Governor of New York too. Remember, Howard is an idiot. The papers even said so.
    [​IMG]
     
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  19. Furc

    Furc Well-Known Member

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    he showed his true colors with that suit and the aftermath. show was never the same again and most of us stopped listening shortly thereafter. now all that it is left is the farce of the show he does a few times a month.
     
  20. YodaQuiversStern

    YodaQuiversStern Turn and face the strange

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    I was surprised that he and Sirius didn't part ways over this. He bad mouthed them on air when he talked about the suit.
     
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