Howard Stern has renewed his contract at satellite radio company Sirius XM. He signed a new five-year deal to remain with Sirius Radio until 2016.

Announcing the renewal During his show, Stern did not say whether he had got more money in this new contract, but analystis in the US are putting a figure of $400 million on he deal. He called the terms “very fair.”

Stern says after looking at other options he concluded the “real innovators” are at Sirius XM. Stern was playing the field and toying with other delivery mechanisms during his contract negotiations.

He also signaled it is his “final five years on radio,” but he has said that before.