Stern vows not to take a pay cut

Frear said Monday at an investors conference in New York that the company is looking for cheaper content now that it is leading the U.S. satellite-radio business. He went on to say Stern might have to accept lower pay if he is to stay on Sirius XM after his contract expires Dec. 31, The
Hollywood Reporter said Tuesday.

"I am not taking a (expletive) pay cut," Stern said on his show Tuesday. "Who is this guy to say this in public?"

Stern also invited Frear to come on the show and tell him in person he's no longer worth $100 million a year when 60 percent of Sirius subscribers listen to his show, the entertainment industry trade newspaper said.

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