By Christiana Sciaudone
Investing.com -- There's still room for political incorrectness. At least, Sirius seems to think so.
Shock jock Howard Stern is close to renewing his contract with the satellite radio company, Bloomberg reported, citing people familiar. The contract expires in December.
Shares of Sirius XM Holding Inc (NASDAQ:SIRI) rose 4.3%. The stock is down by 19% for the year.
Stern's previous contracts, which cover production and staff, topped out at roughly $80 million to $100 million, and this would boost his pay to about $120 million a year, Bloomberg said, citing people familiar.
Despite our woke world, Bloomberg reports that Stern is the company's biggest star, and there is analyst speculation that he could ditch Sirius for Spotify (NYSE:SPOT), which was little changed.