Report: Howard Stern Lays Off Staffers; Will Do One New Show Per Week This Fall
According to a report in the New York Post by Oli Coleman, SiriusXM’s Howard Stern Show laid off “around a dozen” staffers 
as the show prepares to offer just one fresh program per week when Stern returns from his summer break after Labor Day. When Stern renewed with SiriusXM last December, he said the new deal gave him more flexibility and that apparently means fewer workdays. The Post reports that a core group of producers is being retained but with the new schedule, “he just doesn’t need that much content anymore.” Read the Post story here.
Audio Group continued its strong momentum, with revenues up 18% year over year, slightly ahead of our guidance, while our Podcasting revenues grew 26.9% compared to prior year, above our guidance. We are announcing a new savings initiative that will generate an additional $50 million of annualized savings, in addition to our previously announced $100 million of in-year 2026 savings, as well as now paying minimal cash taxes in 2026, which we expect will have a $150 to $200 million impact over the next 3 years. And today we are reaffirming our Full Year Adjusted EBITDA guide of $800 million and our Free Cash Flow guide of $200 million.” The company is also expecting the increase in programmatic revenue to be some $200 million (+50%) during 2026.