Wednesday, April 26, 2006

Howard Stern's Depature Costing CBS Radio

Mediaweek reports the radio division of CBS dropped 13% in operating income -- costing them about $25 million -- and they attribute that entirely to the defection of Stern to Sirius. Given how Stern is about to vault Sirius over XM in subscribers, he's proven to be worth every penny that they paid him.


Anonymous said...

Sirius is not about to pass XM in subscribers, and probably never will. They are currently millions behind and that will only grow.

Michael in New York said...

See my new post.