January 12, 2006 -- Shock jock Howard Stern and his agent lost more than $1 million yesterday after disclosing they may dump 34.4 million shares in Sirius Satellite Radio. Sirius, Stern's new home, said in a regulatory filing yesterday that Stern and Don Buchwald, his agent, are now free to sell their stock, which is worth close to $200 million.
The news sent shares in Sirius tumbling nearly 6 percent ? shaving off more than $1 million from the value of Stern and Buchwald's holdings.
Last week Sirius said the pair would receive the stock after Sirius met certain subscriber targets...
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DH