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NEW YORK (AP) — The satellite radio company SiriusXM has locked up its most valuable asset, Howard Stern, for five more years in a deal announced Tuesday. Terms were not disclosed. Stern was already making a reported million a year. He's invaluable to the company, which had 600,000 subscribers when Stern announced in 2004 that he was joining and now has nearly 35 million. "I had been in a toxic relationship with terrestrial radio. And no matter how well I treated the medium, no matter how successful I made them, they abused me," Stern said in a press release. "Going to SiriusXM liberated me. I felt like Tina Turner freeing myself from Ike," said Stern. "And despite the naysayers and the ridicule, we have persevered, and are thriving. I've been proven right about satellite radio over and over again. With this contract renewal, I can't wait to see what else I'll be right about.The deal also gives SiriusXM exclusive rights to Stern's audio and video library through 2032. In the press release, SiriusXM CEO Jim Meyer said the company "couldn't be happier" to continue working with the legendary shock-jock."Howard's home has been SiriusXM and it will remain that way, but we've expanded SiriusXM in recent years too, and we are excited about finding the right ways that select content from Howard can find audiences on additional platforms," Meyer said. "May I add, I consider Howard a close friend and look forward to listening to him for years to come."Stern, who's been working remotely due to the pandemic like millions of Americans, said Tuesday that now that he can work from home, 'I simply don't have an excuse to quit.' 1651
New research shows more people 65 years old and older are filing for bankruptcy instead of retiring. The biggest cause of bankruptcies, according to a recent CNBC report, are medical bills. “Insurance, no matter what kind of insurance one has, typically only goes so far," says bankruptcy judge William J. Lafferty. "And when one has to actually start paying for those expenses, they rack up very quickly. It’s an immediate game changer for most families.”Another large factor is losing a job. 527
NEW YORK (AP) — A stage production of Ta-Nehisi Coates’ “Between the World and Me,” his prize winning book about racism and police violence, is being adapted by HBO for a special this fall. HBO announced Thursday that the program will feature readings from Coates’ book and will be directed by Apollo Theater Executive Producer Kamila Forbes. She directed the stage production of “Between the World and Me″ in 2018 at the performance center in Harlem. Coates’ book, published in 2015, is structured as an open letter to his son about what to expect as a Black man living in the United States. 600
NEW YORK (AP) — This year’s Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up .4 billion in transactions from their phones, computers and tablets.That’s just behind the .9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80 of the top 100 U.S. online retailers.Adobe expects online sales to jump to another record this Cyber Monday with an estimated total of .4 billion. Much of the shopping is happening on people’s phones, which accounted for 39% of all online sales Friday and 61% of online traffic.Shoppers have been looking for “Frozen 2” toys in particular. Other top purchases included sports video games and Apple laptops.All the online shopping may have helped thin the crowd at malls on Black Friday.Traffic at stores fell 2.1% on Black Friday from a year ago, according to preliminary figures from RetailNext. It tracks in-store activity at tens of thousands of locations, including specialty apparel retailers, big-box stores and mall-based stores. The drop in traffic helped lead to a 1.6% dip in sales.Online and in-store shopping aren’t always completely separate, though. Many people buy things online, only to head to the store to pick them up. Such sales surged 43.2% on Black Friday from a year ago, according to Adobe.This holiday shopping season may be the most harried in years because it’s the shortest since 2013. Thanksgiving this year fell on the last Thursday in November — the latest possible date it could be.Much is riding on the success of the holiday season’s sales. The U.S. economy is still growing steadily, but gains have slowed since its sizzling start to the year. Economists say strong spending by households is helping to bolster growth and make up for weak confidence among businesses given all the uncertainties about the U.S.-China trade war and other factors. 1967
NEW YORK (AP) — Curt Schilling, Roger Clemens, and Barry Bonds are the leading candidates returning to baseball's Hall of Fame ballot in a year without any favorites among the new names. Schilling was third behind Derek Jeter and Larry Walker with 278 of 397 votes last year, finishing at 70% and 20 votes shy in balloting by the Baseball Writers' Association of America. Clemens had 242 votes for 61% and Bonds 241 for 60.7%. Pitchers Barry Zito, Tim Hudson, Mark Buehrle, and A.J. Burnett, and outfielder Torii Hunter are among the top newcomers on the ballot.To get into the Hall of Fame, you must receive 75% of the votes.According to the Associated Press, Bonds and Clemens were favorites to get into the Cooperstown, but since they have been suspected of steroid use, the likelihood of getting in is diminishing. Clemens denies using performance-enhancing drugs, and Bonds said he never knowingly took PEDs.All three will be making their ninth appearance on the BBWAA ballot this year, one short of the limit, the AP reported.Per the AP, voting will be announced on Jan. 26 and inductions will be made on July 25. Members of the BBWAA must have their ballots postmarked by Dec. 31. 1195
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