Analyst: Howard Stern-Sirius XM Contract Worth $400 Million

8:28 AM PST 12/9/2010 by Georg Szalai

Wall Street experts think he will keep his annual cash payments, but won't get stock-based compensation – potentially making his new deal worth $100 million less than the last one.

NEW YORK - Sirius XM and Howard Stern on Thursday morning didn't detail financial terms of their new five year relationship, but at least one analyst estimates it is worth $400 million over the term of the contract, compared to $500 million for his previous five-year contract.