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Mel Karmazin “very confident” Stern Will Stick Around

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Speaking at the Bank of America/Merrill Lynch Media, Communications and Entertainment Conference today Mel Karmazin said  that he is “very confident” that the Sirius XM Radio will sign Stern to a new deal.

Karmazin called Stern “a fabulous partner” who “has enabled companies to make a lot of money.” He also said that Sirius XM has renewed deals with Oprah and Martha Stewart but if Stern leaves and takes subscribers with him, subscribers “may have come for Howard, they may love Howard … but they listen to other channels.”

Sterns 5 year $500 Million Deal ends at the end of this year and as usual Howard has taken to the Air to voice his opinion on the matter, a tactic that has been used in the past.

Karmazin would not discuss Sterns Demands but only said that Stern is “compensated very fairly.”

As the end of Howards contract approaches we will be hearing allot more about negations between Stern and Sirius XM.

Will you follow Stern if he leaves Sirius XM? Will you stick with Sirius XM Radio?

Sound off in the comments below.