If Howard Stern's contract with KIOZ/San Diego is representative of his deal with other affiliates, the King Of All Media may be in for some hefty bonus checks. Stern's five-year deal with KIOZ, signed in February '02, called for ratings-based bonuses on an escalating scale. For each Spring, Winter and Fall Arbitron, Stern would receive an "additional license fee" when his 12+ share exceeded 6.0. Year-one called for an $850,000 bonus for each share above 6.0, year-two $875,000. Stern came close to making his San Diego bonus last summer, when he notched a 6.9. Since then, the indecency firestorm has sent his ratings in multiple markets into the stratosphere, potentially triggering lucrative bonuses.
Even without bonuses, Clear Channel agreed to pay Stern $4.5 million over five years to carry his show in San Diego. Stern's five-year deals with his other former Clear Channel affiliates were also revealed by The Smoking Gun: Pittsburgh ($3.91 million), Orlando ($3.87 million), Miami ($3.35 million), Louisville ($2.2 million) and Rochester ($1.68 million).
Stern's contracts also require affiliates to pay insurance premiums, satellite transmission fees, and expenses for toll-free numbers into his studios.