SiriusXM Re-Ups Scott Greenstein As Pres/CCO

Scott Greenstein

SiriusXM presented a new deal to President/CCO Scott Greenstein this week.

A employment agreement renewal that will keep him as president and chief content officer through May 2022. Greenstein will be paid an annual base salary of $1.6 million but could pocket as much as $4 million per year if certain performance goals are met.

Since joining what was then Sirius Satellite Radio in 2004, Greenstein expanded the company’s programming lineup to include more than 175 channels. Under his purview, the satcaster launched new formats and artist-branded channels, and cut deals with marquee talent and top content partners. In addition to programming Greenstein also oversees ad sales.

Greenstein’s Employment Agreement specifies an annual base salary of $1,600,000 and an opportunity to earn a target annual bonus equal to 150% of his base salary based on the achievement of performance goals.

Also this week, the Department of Justice greenlighted SiriusXM’s $3.5 billion purchase of Pandora. The DOJ’s Hart Scott Rodino antitrust waiting period expired Dec. 21, taking the merger one step closer to completion. Pandora's board meets January 29th to vote on the deal. Closing is expected soon after.