Stern Lands A Fortune After Boosting Satellite Radio Stocks06 January 2006
Stern Lands A Fortune After Boosting Satellite Radio Stocks
Shock jock Howard Stern has added over $200 million (GBP111.1 million) to his fortune after attracting a wealth of subscribers to the Sirius satellite radio network ahead of his new show.
The controversial radio host kicks off a new era as a satellite DJ on Monday (09JAN06) and fans are flocking to pay the subscription rates to listen to his show, giving Sirius bosses a healthy end-of-year profit.
As a result, the delighted radio chiefs have transferred 34.4 million shares to Stern and his agent DON BUCHWALD, who masterminded the deal with Sirius.
Stern helped Sirius shares rise from three cents to $6.39 (GBP3.55) in the first stock check of 2006.
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