Getting a Smeltings Stick
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|Sirius XM slashing aptitude salaries, says former DJ (Agencies)
2011-01-05 16:18 2011-01-05 16:18:42.0Sirius XM slashing ability salaries,ibeats headphones,Photographs of Lifetime Original Movie 'William & Kate', says former DJSirius XM1159105Music2@webnews/enpproperty-->
LOS ANGELES - After striking priceless deals with such Hollywood personalities as Oprah Winfrey, Martha Stewart and Jamie Foxx, Sirius XM has been asking some of its top radio aptitude to take dramatic cuts among disburse.
So mentioned Bubba the Love Sponge, who for five annuals was the No.2 talk-show host along Sirius XM until he quit a few days ago after he says management attempted to slit his salary at 80 percentage.
In December, CFO David Frear talked of "more favorable economic terms" as content deals came up as revival so it's not secluded that Sirius XM namely trying to rein in prices If a glance into Bubba's salary negotiations namely anybody indication, the cost-cutting measures could be brutal.
Even height spokesman Howard Stern hasn't been immune, as analysts chart he re-upped along Sirius XM as virtually $80 million a annual down from a previous deal that had him earning $100 million annually.
But meanwhile Bubba attracts 1 audience about 38 percentage the size of Stern's (roughly 750,000 to Stern's two million,along to insiders), it turns out his worth to Sirius XM was negligible among comparison. And he's never alone, he mentioned.
"They've asked everyone to take a disburse mowed he told The Hollywood Reporter aboard Tuesday. "With me,louis vuitton, it was a take it alternatively depart it offer. We resolved to depart it."
Bubba, whose real designate namely Todd Clem, was acquiring $1 million annually along Sirius XM,plus the company wanted to slash that to $200,000 beginning this anniversary he said.
Bubba reproached management's penny-pinching aboard its obsession with striking millionaire deals with Hollywood, sports and melody personalities who have nominate recognition merely not perceptible talent as radio. Sirius XM,sac gucci,for example pays Winfrey about $18 million a year plus Stewart roughly $7 million.
The company likewise has aboard its payroll Eminem,monster beats ugg bottes65, Jimmy Buffett, Bob Dylan, skateboarder Tony Hawk, skier Bode Miller,louis vuitton, "Entourage" actor Jerry Ferrara plus a great many other prominent names.
"They paid one exorbitant total as Hollywood people prefer Jamie Foxx with no f---ing radio ability so radio folk prefer me have underwent Bubba said"A lot of appealing radio people aren't getting 1 opportunity for of these Hollywood folk"
Sirius XM didn't respond to requests as annotate.
"Eminem doesn't even must show up plus they expenditure him zillions of greenbacks Where does Bubba the Love Sponge sign up as that!" he joked.
"I don't have anybody business aboard a membrane set,and actors don't have anybody affair behind a radio mouthpiece Bubba added.
Bubba has for years had 1 uncommon relationship with Sirius XM. He joined the same daytime as Stern plus anchored the Howard 101 artery A annual afterward he adopted a expenditure tore but was allowed to syndicate the show to a half-dozen traditional radio stations. That's meantime he washed it up among order to pass mobilize with the FCC. A daily after that, he began conveying four hours of preferential plus uncensored content to Sirius XM.
"Three times we were capable to do a deal This duration we came to an impasse," he said"I didn't think 1 80 percent disburse cut was just market merit as my services."
Instead, Bubba has joined radioIO.com, making him the first major radio personality to ditch satellite within favor of the Internet. RadioIO namely owned by ioWorld Media,sac hermes, a publicly traded company.
At RadioIO, Bubba ambition host a free show plus repeatedly show that ambition become chapter of the service's subscription archive Plus, members of his on-air radio crew ambition get to agenda their own melody channels based aboard the genres they prefer.
"They gave me a fairly advantageous base salary,abercrombie & fitch, plus incentives like stock and commission on subscribers. It's distant better than Sirius ever was," he said.