Stern Sues Sirius Over Bonus Pay For Subscribers
LOS ANGELES (AP) — Howard Stern and his agent are suing Sirius XM Radio for failing to pay stock awards due in exchange for helping the satellite radio service exceed its subscriber growth targets.
In a suit filed in New York, Stern's production company, One Twelve Inc., and his agent Don Buchwald said Tuesday that Sirius made an initial payment after Stern started in January 2006 but failed to do so over the subsequent four years.
A spokesman for Sirius XM did not immediately respond to a message seeking comment.
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