Did Howard Stern Just Save Sirius XM, Again?

Core Viewpoint - Howard Stern has renewed his contract with Sirius XM Holdings for another three years, providing stability for the company and its shareholders [1][8]. Company Overview - Sirius XM has been in contract negotiations with Howard Stern for the past 20 years, and the recent renewal was unexpected given previous discussions about cost savings [2]. - The company has seen a decline in revenue for three consecutive years, with its subscriber base decreasing since peaking at nearly 35 million accounts six years ago [6]. Financial Performance - Sirius XM's stock is currently valued at 6.7 times forward earnings, which is considered cheap in the current market [7]. - The company offers a dividend yield of 5.2% and generates over $1 billion in annual free cash flow [7]. - Berkshire Hathaway has become Sirius XM's largest shareholder, owning 37.1% of the company's outstanding shares, indicating confidence in the stock's value [7].