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Howard Stern’s Sirius contract fight shows how much streaming has eaten away at radio

1. Howard Stern's contract renewal talks with SiriusXM continue amid subscriber decline. 2. SiriusXM's subscriber base has dropped from 34.3 million to 33 million since 2020. 3. Stern's audience is estimated to be a small percentage of his former 20 million. 4. Spotify boasts 276 million paying subscribers, highlighting competition for listeners. 5. SiriusXM shares briefly dipped but recovered amid contract speculation.

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FAQ

Why Bearish?

The decline in listeners and stagnating subscribers negatively affect SiriusXM's valuation, mirroring previous downturns during subscriber losses.

How important is it?

Stern's influence on the company's branding and subscriber engagement makes its relevance critical amid competition.

Why Long Term?

If subscriber loss trends continue without new strategies to engage listeners, SiriusXM's financial health may diminish long-term.

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