Stern has been recording from his opulent dwellings because he spent much of his $500 million contract on building a property empire.

Stern will be fine. Sirius XM will be fine. Investors -- while they wait out the process -- will be fine. The stock is now trading for less than 7 times next year's projected earnings with a 5.1% dividend yield. Stern isn't likely to come back to Sirius XM on the cheap, but investors can do so right now.

In August 2025, a rumor spread that radio host Howard Stern's long-running show was being canceled after many decades on the airwaves. According to gossip site The Sun the show, which aired on SiriusXM for around 20 years, was set to be canceled in late 2025 after the end of Stern's purported $100 million contract.