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How To Make Easy Money Essay

442 words - 2 pages

It is beginning to look like shock jock Howard Stern's transition from broadcast radio to an upstart satellite service will be anything but smooth, prompting Mr. Stern to explore whether he can make the leap earlier than expected.With a little more than a year until Mr. Stern jumps to Sirius Satellite Radio Inc. from Viacom Inc.'s Infinity Broadcasting, the popular radio host has gone on the warpath against his current employer.The issue is that Viacom has withdrawn its financial support from Mr. Stern's legal fight against Clear Channel Communication Inc., which dropped ...view middle of the document...

Spokesmen for Infinity and Sirius declined to comment; Mr. Stern's agent couldn't be reached.More From· Patients Found Cigna Conflict of Interest· Howard Stern Seeks Early Exit From Deal· Confessions of a Scam ArtistMr. Stern is negotiating to get out of his contract with Infinity so he can join Sirius earlier than the 2006 date currently planned. Mr. Stern announced his planned move to Sirius last month, live on his show. Sirius likely would have to pay a steep price to land Mr. Stern early; he brings in some $80 million annually in advertising revenue and $50 million annually in cash flow to Infinity, according to people familiar with the matter.Mr. Stern's rants have led some close to the situation to believe that he is trying to goad Infinity into taking him off the air, which the company doesn't want to do unless Sirius ponies up to buy out his contract.At the end of June, Infinity and Mr. Stern filed a $10 million breach-of-contract suit against Clear Channel for dropping Mr. Stern's show earlier in the year. In July, Clear Channel countersued for $3 million, alleging Mr. Stern broke his contract with the company by not conforming to federal decency standards.

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