Howard Stern's reduced SiriusXM role comes with a studio shake-up - source. Saumya Srivastava Fri, September 4, 2026 at 6:12 AM PDT * Howard Stern will host only one live show per week on SiriusXM, with his New York studio being repurposed for other talent. Howard Stern is reportedly facing another major change at SiriusXM. The radio personality will host just one live show each week. Meanwhile, his longtime New York studio is being repurposed for other talent. The changes mark a significant shift in Stern's SiriusXM presence. Howard Stern will host one live Monday show as his studio is repurposed. According to reports by The U.S. Sun, Stern's custom studio is being repurposed. The studio is located inside SiriusXM's New York City offices. It has reportedly sat largely unused since the COVID-19 pandemic. Sources said renovations began as early as June. Stern has used the New York studio only a handful of times. He has instead largely broadcast from studios inside his homes. Those studios are located at his Palm Beach and Hamptons properties. The SiriusXM space could now become a multi-use studio. One SiriusXM insider said the change would make sense for the company. The studio had reportedly become a "massive waste of space and resources." However, Stern's staff had also used the space for The Howard Stern Show. Sources said its future use remains unclear. Stern's live schedule is also being significantly reduced. He will reportedly broadcast live only on Mondays starting September 14. SiriusXM has confirmed that new shows will air on Mondays, while an adapted version will stream on HBO Max on Thursdays. The changes follow SiriusXM's decision to remove Howard 101. Andy Cohen's Radio Andy has replaced the archival channel on September 1. Howard 100 continues to carry Stern's newer live broadcasts, while Howard 101 previously featured vintage interviews and archival material. Stern's staff has also faced significant cuts at SiriusXM. As per reports, they eliminated about 40 positions during the first wave. SiriusXM reportedly cut about 16 additional staffers during the summer. The reductions came after Stern signed a new three-year SiriusXM contract. SiriusXM confirmed the three-year extension in December 2025. The network confirmed Stern's HBO Max deal earlier this week. The Howard Stern Show will debut on HBO Max on September 17, with new episodes releasing on Thursdays. His wife, Beth Stern, has also defended him amid the downsizing. Meanwhile, the changes have reportedly frustrated some longtime listeners.

Sirius XM returned $5.3 billion to shareholders over the past five years through dividends and buybacks, yet the stock underperformed the market. The satellite radio company paid out $2.76 billion in dividends and spent $2.57 billion on share repurchases, representing roughly 80% of its $6.5 billion in free cash flow during that period. Despite generating $1.55 billion in trailing twelve-month free cash flow and a 15.5% free cash flow yield, the stock lagged behind broader market returns. Revenue grew just 0.4% over the last year, with three-year average annual growth at -1.3%. Management is guiding for lower subscriber additions as it focuses on attracting higher-quality customers. The company's current market capitalisation stands at $10 billion, with shares trading around $29.70.