- Associated Press - Thursday, December 9, 2010

NEW YORK (AP) - Howard Stern says he’s staying with SiriusXM Radio.

The loose-lipped shock jock announced Thursday that he has signed a new five-year contract.

No other terms were initially disclosed.

Stern had been locked for months in stormy negotiations as his original five-year deal, worth $500 million, neared its end just days from now.

Earlier this week, he declared in salty terms on his radio show that he would not accept a pay cut if he stayed.

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Online:

http://www.howardstern.com