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Stern will stay on the air through 2020, the partners will move into video programming, and Sirius will have access to the host’s audio and video library for 12 years.

Howard Stern on Tuesday announced he has re-upped with satellite radio firm Sirius XM Radio, where his contract was set to expire at the end of the month, for another five years on the air.

Terms of the deal were not immediately disclosed, but for the past five years the company has been paying $80 million annually for Stern’s show, which is live three days a week.

“This morning I am very very pleased to announce and excited to announce that we’ll be here for the next five years,” Stern told his audience (audio below).

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The Hollywood Reporter