• BusinessWeek, Monday, January 25, 2010 11:38 PM

Shock jock Howard Stern is in the final year of his contract with Sirius XM Radio. With its financial woes, it may not be able to renew his contract at the initial figure: $500 million. Clear Channel Communications said it is interested in signing Stern.

The interest hinges on whether Stern, whose on-air profanities resulted in fines from the Federal Communications Commission, would be willing to work "within the limitations" of free over-the-air radio, said John Hogan, chief executive of the radio division of San Antonio-based Clear Channel. Stern has other options besides traditional or satellite radio: He could found his own radio network, which could distribute its content, or partner with an online radio provider.

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