SiriusXM CFO Discusses Stern's Future

Discussion in 'The Howard Stern Show' started by BethSucks, Jan 7, 2015.

  1. BethSucks

    BethSucks Well-Known Member Staff Member

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    A couple things here, first the Hollywood Reporter is very pro-Stern in it's bias, they must have a Marianne Garvey clone working there and the CFO is the guy Howard ranted about shortly before signng his current contract and then backtracked quickly in his remarks the next day.


    http://www.hollywoodreporter.com/news/siriusxm-cfo-talks-howard-stern-761540

    Will Howard Stern extend his contract with satellite radio giant SiriusXM Radio beyond the end of the year? Sirius CFO David Frear addressed the topic at an investor conference on Wednesday.

    “We have been clear for a long time that we think he is just an incredible performer," he said at the Citi 2015 Global Internet, Media & Telecommunications Conference in Las Vegas. "He puts on a great radio show. There is nobody like him. There is never go anybody like him again. And so, as long as he wants to continue his show, we would love to have his show.”

    He added that "of course," both sides would have to agree on a business deal. The CFO hedged his bets on Stern's future by promoting his show. "Howard has a long history of addressing his contract towards the end of the contract," Frear said. "He talked about it on the show a couple of days ago. So, quite honestly, the best way to know what’s going on…is by listening to the show.”

    Read more Sirius XM CFO on Howard Stern's Future, Why Company Won't Launch Abroad

    Frear later in his appearance was asked about Stern again, saying that "losing Howard from Sirius [would be] more than a tier question. The big question as Howard's contract comes up and he decides what to do with the next three to five years is going to what does he want to do with the library of content as well. Does he want to stop performing? Does he want the library to continue to perform?"

    Concluded Frear: "It is my great hope is that Howard continues to put on the extraordinary show that he does."

    Earlier in the day, Sirius said that it ended 2014 with 27.3 million subscribers, reporting 1.75 million net subscriber additions in the year, exceeding the company's increased guidance of 1.5 million. The company also said it would exceed its 2014 guidance for revenue and a couple of other financial metrics.

    Sirius predicts it will add 1.2 million subscribers in 2015.

    Read more Inside Howard Stern's 60th Birthday Bash: A-Listers Turn Out in Droves to Celebrate Shock Jock

    "Sirius XM performed very well in 2014, exceeding our 2014 subscriber and financial guidance, even after pushing most of these targets higher during the year. With more people than ever subscribing to satellite radio, we expect the company's strong performance to continue in 2015," said Sirius CEO Jim Meyer. "Our exclusive, diverse, and expertly curated content continues to have widespread appeal. SiriusXM's automotive distribution is growing by millions of units per year, and we expect to continue our exceptional track record of growth while simultaneously investing in innovative new services for the connected vehicle."

    Email: Georg.Szalai@THR.com
    Twitter: @georgszalai
     
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  2. Uncle Larry

    Uncle Larry Well-Known Member VIP

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    Where can one listen to this "extraordinary show" that Mr. Frear mentioned?

    Assuming that those phantom offers Howard mentioned somehow don't materialize, he'll end up signing another deal with Sirius/XM at year end after milking the decision for as much content as possible.
     
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  3. Dreamking

    Dreamking The dogs of doom are howlin' low...

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    I recall that years ago a Sirius CFO (and I don't know if it was this guy) made a statement about keeping Stern but at a dramatically lower salary.

    Stern went fucking nuts. I think Stern may have gotten the guy fired. But I do know there was a retraction.

    Don't discuss Stern's money publicly. That's his job.
     
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  4. Onehourphoto

    Onehourphoto Maverick Gold

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    Is this the same CFO that Stern badmouth one day when the CFO "suggested" that Stern would be taking a pay-cut (and accurate) for his last contract, and majorly backpedaled the next day of what a great guy he is/was?
     
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  5. Benjamen

    Benjamen Well-Known Member

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    "Howard has a long history of addressing his contract towards the end of the contract," Frear said.

    This has worked well for him in the past, when he was on terrestrial radio. By waiting until the end to address his contract, he gives his employers little time to find a replacement for him, and puts them in a more desperate and agreeable position. But on satellite radio, they can just cut off the channel and act like it was never there. And who cares if Howard's library of content "continues to perform"? There's way too much emphasis put on a relatively small amount of heavily edited content that makes no reference to his first wife and has been scraped of comments that are at odds with 61-year-old Howard's evolved point of view.

    Interesting that he said "3- to 5-year contract," and not 5-year contract.
     
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  6. BethSucks

    BethSucks Well-Known Member Staff Member

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    Yep

    • Howard Dissed By Sirius XM Management. 12/07/10. 6:00am

      Howard said they helped turn this company into over 20 million subscribers. He said that's pretty amazing. He said they turned it from a non-business into a business. That's no easy feat. Howard said they were a catalyst with the fans.

      Howard said he was so dissesd yesterday by this company. He said he got an article from Richard Bosch and the company hasn't even gotten back to them after they asked why this article came out. Howard said he's never even heard of this guy David Frear. He said he sounds like a complete idiot. Howard read the article and said that this guy can suck his dick. He said the article says he's going to have to take a pay cut. Howard said he's not going to take a pay cut. He said even if he was going to take a pay cut he doesn't have to broadcast it and humiliate him.

      Howard said he's not sure what business it is of anyone what he gets paid. He said this guy who is supposedly the CFO doesn't have to be broadcasting this stuff. Howard said the guy is a putz and it's unbelievable the amount of assholes he meets in this business. Howard said that he has no problem leaving this company after the 16th.

      Howard read through the article and they talk about how his last show could be the 16th and then he has 2 weeks off after that before his contract ends. Howard said this guy should just say he has no idea if he's going to sign or not. Howard said he has no idea who this guy, David Frear, is. He said that the guy says that he'd have to sign on for less money if he does stay there. Howard said the guy is a shithead. He said he doesn't have to say that in an article.

      Howard said that the guy says he might have other offers including one from Apple. Robin said this is a guy who is trying to prove that he's more important than he really is. Howard read more of the article where they talk about Howard's options and how he doesn't have as many with Sirius and XM since they're one company now.

      Howard said that this guy David got paid $3.3 million last year and he got that money because of him. Howard said the company wouldn't even exist now without Howard Stern. Howard said he's not going to take a pay cut. Howard said he'd rather not work there than take a pay cut. Howard said this guy knows nothing about it and he's never even heard the guy's name before. Howard said that he's not even in the loop as far as he knows.

      Howard said the caller asked about why he's so embarrassed by the industry. Howard said he gets why he's not beloved and Oprah is. He said people will say he's coarse and all of that but the company he helped build from 600,000 subscribers to 20 million doesn't have to diss him in this article. Howard said that the guy doesn't have to say that in public and humiliate him like that. He doesn't get it. Howard said he didn't do anything to this guy David Frear. Howard said when satellite is irrelevant the only winner is going to be the people who have the content. Howard said that he's a jewel in his arsenal to stay in business. He said he should be celebrated and he should be asking him to stay with him. Howard said the guy made $3.3 million because of Howard Stern.

      Howard said this was like a punch in the face to him last night. He said that this guy had no business talking about him like this. He said he should just say that he hopes Howard Stern will sign with them again. He said he's just a puppet and Mel is working him like one. Howard said that this wasn't fair to him and saying he has to take a pay cut is an insult. Howard said that's like saying he hasn't been performing.

      Howard said that they say 60 percent of the listeners are listening to his channels. That's 60 percent of the 20 million. Howard said he wants this guy David to stop by his show so he can say hello. He said he has a few words for him. He wants him to tell him to his face why he's not worth the money.

      Howard asked George about his bedbugs and if he was sniffed. He wasn't so Gary said that they'd be there in about 20 minutes. George said that he was very covered up last night so he didn't get bitten in bed. Howard said he wears one of those space outfits.

      The caller said he was sorry for calling this guy David Frear a cock sucker. Howard said that the guy is probably a nice guy but he doesn't think that he deserves the $3.3 million. He said he signed a new contract in 2008 from what he was reading. Howard said he'd like to know how many listeners that guy brought in. Howard said he didn't even know they had a CFO. Howard said Mel does it all anyway so he's probably just a puppet there. Howard said Mel pulls all of the strings there. He said you can't spend 10 cents without it ending up on Mel's desk.

      Howard said he just wants a little respect there. He said that he's done more than he needed to for the company. He said he more than paid for his salary. Howard said he worries about the business and Mel knows that. Howard said Mel could turn over those two channels and he doesn't have to worry. Howard said Mel gave him mornings at K-Rock and he took care of the rest of the day even after the morning show.

      Howard said he's not sure what's going to be. He said he still doesn't have an answer about what's going to happen. He said he's still working things out and he was up late last night trying to figure it out. He said he was up late trying to figure this out and then he gets this email about this article. Howard said he doesn't need to read stuff like that. It makes him wonder what he's doing there.

      Howard said he'd like them to keep the illusion going that he's like Elvis there. Howard said they spent all of this money building up this company and this guy is dissing the content. He doesn't get it. He said he'd like to know what his plan is because he doesn't understand it. Howard said it's a completely contradictory message to what they're trying to get out there.

      Howard said this is his humiliation. He said he's not going to take a pay cut. He said this is actually making him think that he wants more money. He said he may have to talk to his agent about that.

      Howard said he's not even sure he wants to go to the McCartney concert now. He said it's a celebration about their 20 millionth subscriber and this is the way they're treating him.

      Howard took a call from a guy who said that he doesn't usually sign up for things like Sirius and Howard is the only reason he signed up. He said that they've raised their rates and if they're taking shit away he's not sure how that's going to work.

      Howard said if he was willing to take a pay cut they don't have to make it public. Howard said they could keep it under wraps. The caller asked how this guy Frear got a raise. Howard said he's going to have to look into that. He said Mel usually doesn't let anyone speak. He said that he has everyone on a short leash usually.

      The caller asked if Howard's agent, Don, is dealing with Mel up there. Howard said he has to deal with Mel. He said it would be a waste of time for him to deal with anyone else up there. Howard said he needs someone who is on his team to deal with.

      The caller pointed out some of the stuff that Frear said about the NFL and things like that. Howard said that the NFL isn't exclusive content either. He said that his show is.




      [​IMG]advertisement
     
  7. BethSucks

    BethSucks Well-Known Member Staff Member

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    Continued:

    The caller told George that he liked the part he played in Adventureland. He said that he liked that Ricardio character. Howard did an impression of what he figured George sounded like in that. It was just George's voice. George said he can use different voices. He demonstrated some of them but they were all very similar. Fred threw in his Little Lupe impression too. Howard said he's like Christian Bale and loses himself in his parts.

    Howard took another call from King of All Blacks who asked why they get mad at him personally. Howard said there's such jealousy out there and he gets it all the time. Howard said the day he signed with this company the employees and management were thrilled. He said everyone was lining the halls applauding and thanking him. He said they were getting their asses kicked until he signed on with them. Howard said they were thrilled and a miracle occurred. He said they became viable when he got there. Howard said they went from 600,000 to millions. He said they're at 20 million and growing now. Howard said they get resentful about him getting attention. He said that they wonder who he thinks he is and things like that. This is just human nature. Howard said he was just too successful.

    Howard said they applauded and thanked him when he started there. He said that Jesus did all of these miracles and they ended up hanging him from the cross. It's all jealousy. Howard said he'd like to see Jesus get 20 million subscribers over there. King was laughing.

    King said that this is like Howard married a girl who was nothing and then she starts thinking that she's more important than him.

    Howard took another call from Mark in Boston who said that they've been fucking him for so long. He said that he should just say he doesn't need them anymore. Howard said he doesn't need a lesson. He said he did nothing but dedicate himself to this job. Mark said they could fuck him harder if they wanted. Howard said it's just confusing to him.

    Another caller said that he doesn't deny the fact that he brought in millions of subscribers but not 20 million. Howard said there were 600,000 subscribers there when he started. He said they had to sell radios and subscriptions. Howard said this enabled Sirius to gobble up XM. That got them another 8 million subscribers. Howard said it allowed them to merge and not pay salaries they were paying to two companies. Howard said that this 20 million is because of him. He said that the reason they're successful is because for the millions he brought over. The caller said that they sell subscriptions with new car sales too though. Howard said that when old fans of the show get a new car they get to hear the show again and maybe they subscribe. They need the content to get new listeners. Howard said that this is one of the reasons people stay or subscribe.

    Dominic Barbara called in and said that they should look at history. He said that if Howard leaves they'll find themselves in trouble. Dominic said that a CFO should be worried about the stock prices. Howard said it was good to hear from Dominic. Robin said she owes him a call too.

    Howard said he was surprised to read that story. He said he's trying to figure out the future and he reads that. Howard said it was a weird statement. Robin said it's like walking in on your wife talking about how she hates having sex with you.

    Howard said the only ones in the loop about him staying there are between Mel, Don and him. Howard said he's sure that this guy Frear hasn't been consulted.
     
  8. BethSucks

    BethSucks Well-Known Member Staff Member

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    The next day:

    • Howard Apologizes To CFO Frear. 12/08/10. 6:00am
      Show opening bits and songs included: A Jay Leno clip with James Garner bad mouthing Howard Stern, Red Peters ''Ballad of a Dog Named Stains,'' Jewel performing ''The Needle And The Damage Done'' live in the Howard Stern Show studio.
      Howard started the show talking about how they were down to just 5 shows after today. He said there's still no announcement of any kind on the horizon. Howard said there's a lot of conversation about whether or not he's going to stay there or go to another company. He said yesterday he threw a tirade about the CFO of the company for saying he might have to take a pay cut. Howard said he did some investigation and found out he said nothing of the kind. Howard said he read the transcript and they extrapolated a couple of things and they made some assumptions.

      Howard said it turns out that David Frear said that in many cases they don't have to pay people much to get them to renew. He said that Frear just said that Howard has been a good partner and he hopes he stays. That's all he said. Howard said the Hollywood Reporter went ahead and put that big headline about needing to take a pay cut. Howard said they attributed to Frear that he night need to step back and take a pay cut and that's not what he said.

      Howard said the CFO is in the clear now. He said he thought the Hollywood Reporter was a credible source. Howard said he was misled so he doesn't really owe anyone an apology but he'll give him one anyway. Howard said he doesn't know this guy Frear but he does send him a Christmas card. Robin said she doesn't send out Christmas cards anymore. She said she just got too busy. Howard said everyone knows that she's out saving the world so they excuse her for that.
     
  9. PSU Shower Room

    PSU Shower Room Well-Known Member

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    This is the same guy who told O&A all he cares about are subscriptions. So if Howard gets too greedy, I doubt this guy will hesitate in cutting loose a show he clearly doesn't listen to or care about.

    No Mel this time around.
     
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  10. Rob0729

    Rob0729 Well-Known Member

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    Has anyone ever gone to an investor/shareholder conference? I am in marketing and I have been to many when I worked at public companies. It is a total marketing show where the company talks about how wonderfully the company is performing (even if the company is tanking) and how great their products are (or in this case Howard). I wouldn't take anything said at one of these conferences as gold. They aren't going to say Howard really has been a disappointment and they shouldn't have given him the contract he got. They will always talk him up at these events until he is gone.
     
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  11. Dreamking

    Dreamking The dogs of doom are howlin' low...

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    I've done more than my share of these events and you're right. They present everything as rosy, and the future is only better.

    Right up until that old lady from St. Louis w 10 shares, starts to ream the CEO and the Board. That's always my highlight w these shows.
     
  12. Nemo

    Nemo Beer Can Thick Gold

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    Loser gets to fuck the winner in the ass....right Robin
    BTW.....Howard can take his edited censored tapes and shove them up his ass sideways.

    Sounds like the future is less live Howard....and his shitty tapes at a reduced salary. Stern will never leave any marbles on the table.....EVER!
     
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  13. zerokarma

    zerokarma Well-Known Member

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    This guy sounds like someone who has not listened to Stern in a very long time.
     
  14. Nemo

    Nemo Beer Can Thick Gold

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    A 3 year deal is what they want to keep the weaved fraud from goofing off.
    The history of Howard is to get lazy during the middle of 5 year deals.
    Howard is the Sugar Ray Leonard of radio.....goof off for the first 160 seconds of a round yet still win with the judges by scoring in the final 20 seconds.
     
  15. IPrankNoOneElse

    IPrankNoOneElse Well-Known Member

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    Howard has shat on this guy before. I wonder what Frear really thinks about him.



     
  16. yaddc

    yaddc Well-Known Member

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    I'll never be like Imus , lol well next contract you will be . 60+ hitting 70. You always said milk it for what it worth.
     
  17. Benjamen

    Benjamen Well-Known Member

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    I wonder if this Frear guy was one of the 50 Sirius executives in attendance last summer when Howard gave them his 20-minute speech on "the future of radio."
     
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  18. Nemo

    Nemo Beer Can Thick Gold

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    When Howard talks people listen. Stern pulled off the greatest fraud in the history of histories. I'm sure Sterns presentation about the future of radio involves ways to prank the urine drenched suckers with non stop gorilla/clandestine marketing.
     
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  19. Thedomina

    Thedomina Unfriendly

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    Sirius owns the tapes:

    Shock jock Howard Stern regained control of the master tapes from the last 20 years of his radio program in a settlement of the contentious lawsuit brought by his former bosses at CBS Radio.

    Stern's new employer, Sirius Satellite Radio Inc., agreed to pay $2 million to CBS Radio in return for the rights to the classic recordings, according to a statement released by both sides.
     
  20. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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    The caller said he was sorry for calling this guy David Frear a cock sucker. Howard said that the guy is probably a nice guy but he doesn't think that he deserves the $3.3 million. He said he signed a new contract in 2008 from what he was reading. Howard said he'd like to know how many listeners that guy brought in. Howard said he didn't even know they had a CFO. Howard said Mel does it all anyway so he's probably just a puppet there. Howard said Mel pulls all of the strings there. He said you can't spend 10 cents without it ending up on Mel's desk.

    One of my former employers had some business at Sirius. One topic was an new contract for a new project. The person at Sirius said that any new contracts has to go past Karmizan's desk, so they just extended the existing contract to avoid that situation.