Sirius XM remains "hopeful" it will sign a new deal with Howard Stern when the radio host's contract expires next month, but the decision will come down to money, Sirius CEO James Meyer said Thursday.
"I'm very hopeful that we'll get an agreement done with Howard," he told CNBC from Sirius majority owner Liberty Media's investor day.
Meyer stressed that the sides disagree on "one thing," the value of a new deal. He noted Stern's radio show "has never been better."
Analysts estimate Stern, the popular long-time radio personality, makes about $80 million per year under his current Sirius contract. He first agreed to go to Sirius in 2004.
Earlier this year, Stern decided to leave his job as a judge on NBC's "America's Got Talent."