SiriusXM Shares Edge Higher as Howard Stern Renews Contract
SiriusXM (NASDAQ:SIRI) shares saw modest gains in Tuesday afternoon trading following reports that Howard Stern has renewed his contract with the satellite radio giant. Earlier speculation about Stern's potential departure has been dismissed as "pure fallacy" by insiders, with confirmation expected via Stern's social media on September 2.
Despite declining listenership and evolving content, Stern retains value through his decades of broadcasting experience. The renewal underscores SiriusXM's commitment to marquee talent amid growing competition in audio entertainment.