Baba Booey! Baba Booey! Howard Stern Renews Contract with Sirius/XM For Five More Years 
 
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 The news broke this morning during Stern's daily radio show. "If we're going to stay in radio, we should stay here," Stern said on the air. "We're in an incredible position and suddenly there's real growth. It's a real business." 
 
 
 
 Stern wasn't talking numbers, but had ranted against Sirius CFO David Frear earlier this week who had hinted that Stern would have to take a pay cut. Possibly knowing a deal was imminent, Stern had apologized to Frear on and CEO Mel Karmazin, a long-time Stern colleage, on the air Wednesday. 
 
 
 
 
 
 
 
 Howard had not shied away from discussing his situation on the air and there had been rumors that he was even looking to do a deal with an Internet service including Howard Stern fans will be rejoicing to the news that the "King of All Media" will be staying right where he's been for the past five years -- on Sirius/XM satellite radio -- for the next five years.The news broke this morning during Stern's daily radio show. "If we're going to stay in radio, we should stay here," Stern said on the air. "We're in an incredible position and suddenly there's real growth. It's a real business."Stern wasn't talking numbers, but had ranted against Sirius CFO David Frear earlier this week who had hinted that Stern would have to take a pay cut. Possibly knowing a deal was imminent, Stern had apologized to Frear on and CEO Mel Karmazin, a long-time Stern colleage, on the air Wednesday.Contract negotiations had been down to the wire, with Stern and his team having under 10 new shows left before the Christmas break and facing an uncertain future.Howard had not shied away from discussing his situation on the air and there had been rumors that he was even looking to do a deal with an Internet service including a rumored $600 million deal with Apple , which had appeared unlikely because Steve Jobs' careful monitoring of the types of content that appear in iTunes seemed to clash with Stern's tendency to blurt out the f-word whenever possible. 
 
 Howard Makes His Big Announcement: Explicit Language 
 
 
 
 CNN Money reports that Sirius stock surged as much as 14% in pre-market trading with the news. 
 
 "Howard is a great talent and we are thrilled that he will continue to provoke, engage and entertain on Sirius XM," Karmazin told The Hollywood Reporter. "Our agreement is good news on all fronts - it is good for Sirius XM subscribers and good for Sirius XM stockholders. Howard forever changed radio and was instrumental in putting Sirius on the map when he first launched on satellite radio. He is one of the few 'one-name' entertainers in the country and our 20 million subscribers are lucky to have him. 
 
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 The cast and crew of the show had said they were in the dark during the contract negotiations. Stern's longtime producer Gary Dell'Abate had told PopEater weeks ago that he didn't know where Stern was headed. "I think that he wants to continue to work," Dell'Abate aka Baba Booey, told us. "He's made that very evident on the radio and where that is, is I think the question."The question has now been answered and his staff is certainly breathing a sigh of relief knowing that they are returning to work after the holidays.During his rants on the air, Stern discussed the grind of getting up four days a week for a five-hour radio show. He hinted that he would want to cut back his days on air -- Stern and his crew already get close to 10 weeks off a year and work four-day weeks -- and he also wondered whether he would be happy shifting towards an afternoon drive. The deal with iTunes fed into that idea that his show might thrive on-demand, similar to the way his Howard TV offering does now.Financial details are still to follow but Sirius/XM wasted no time proclaiming the news that puts them in a secure position, facing a possible defection of millions of subscribers if Stern was to leave. This was what was posted on Howard and Sirius's site this AM: ||||| Do you hear what we hear? That's the sound of millions of loyal Howard Stern fans saying: Just tell us where to find him in the new year, already!The shock jock has been in negotiations for a new contract with Sirius XM Radio (his multi-year, $500 million deal expires at year's end), but there still isn't news from the company about renewing the partnership. The silence on a new contract means the network is missing the chance to snap up new subscriptions this holiday season, and many believe it's a surefire signal that Sirius is seriously in trouble, i.e., about to lose their biggest star.In the meantime, a rumor that Apple could snag the self-proclaimed "King of All Media" in a new $600 million deal has suddenly gained major traction.But would a raunchy radio star like Stern, famous for his NSFW banter and porn star interviews, be a successful fit within Steve Jobs' clean, conservative corporation? On the iPad (which "Apple wants to keep family friendly," according to The Wrap.com ), strict policies already govern how content is presented. How will things change at Apple with Stern on board?And how many Sirius XM subscribers would jump ship to follow their hero -- currently heard four days a week on the satellite network -- over to a new format of iTunes streams?
– After weeks of tense contract negotiations, Howard Stern has inked a deal to stay on Sirius/XM for another five years. Earlier this week, Stern ranted against the Sirius CFO for hinting that the shock jock may need to take a pay cut, PopEater reports, but he apologized on-air yesterday. There was also a rumor he would be leaving to sign a $600 million deal with Apple, but Stern announced on his show today that he will stay on satellite radio, where he's been for the past five years. Click for more on Stern's contract negotiations.