Liberty Media Nears Sirius Rescue Deal

'If we're going to stay in radio, we should stay here'

(NEWSER) - After weeks of tense contract negotiations, Howard Stern has inked a deal to stay on Sirius/XM for another five years. Earlier this week, Stern ranted against the Sirius CFO for hinting that the shock jock may need to take a pay cut, PopEater reports, but he apologized on-air yesterday. There was also a rumor he would be leaving to sign a $600 million deal with Apple , but Stern announced on his show today that he will stay on satellite radio, where he's been for the past five years. Click for more on Stern's contract negotiations . More»

Sirius XM adds O'Donnell to celebrity lineup despite slump

(NEWSER) - Rosie O’Donnell has signed on for a radio talk show on Sirius XM, joining the likes of Oprah, Martha Stewart, and Howard Stern this fall. She’ll interview celebrity guests, take calls, and blend pop culture with serious topics, the company says. Rosie Radio indicates the flagging satellite conglomerate’s determination to stay in the media game, the Daily News reports. More»

(NEWSER) - Supreme Court Justice Ruth Bader Ginsburg today put a temporary stay on the sale of Chrysler to Italian automaker Fiat, SCOTUSBlog reports. Ginsburg’s motion allows the justices to further consider the matter, and either postpone the sale or let it go forward. A full postponement of the sale would require five judges to agree. Ginsburg’s decision said the sale was “stayed pending further order.” More»

Andrew Wilkow also attacks Perez Hilton

(NEWSER) - A right-wing radio host's rant on Tuesday got nasty—even for talk radio. Andrew Wilkow of Sirius/XM, filling in on the syndicated "Mark Levin Show," called MSNBC's Rachel Maddow a "nice little boy" and Perez Hilton a "vile sodomite," Salon reports. "It just sounds so good to hear in my headphones— vile sodomite," Wilkow said of Hilton. The cable anchor and gossip blogger are gay. More»

Bankruptcy ruling starts clock ticking toward merger with Fiat

(NEWSER) - A bankruptcy judge has given Chrysler approval to auction off most of its assets by May 27, the Detroit Free Press reports. The move—decided over the strenuous objections of some lenders holding Chrysler debt—is the first step toward the auto maker's proposed partnership with Fiat, which has offered some $2 billion for Chrysler's assets. More»