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Radio icon Howard Stern to stay at Sirius XM

Howard Stern will remain as host and producer of The Howard Stern Show for the next five years, SiriusXM said Tuesday.

The deal also includes plans for the media company to launch its first video programming venture with Stern, as well as an agreement for SiriusXM to use Stern's audio and video library for 12 years.

"As a broadcaster, it does not get better than working at SiriusXM and I'm truly excited for the future with this great company," Stern, who is 61 years old, said in a release. "I happen to think that its best days are ahead. So, if you are not listening to SiriusXM and The Howard Stern Show, then you are really more like a zombie, a rotting corpse monster, living half a life, deadened and blackened inside."

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Shares of SiriusXM were up about 4 percent in premarket trading.