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Because i’m a fag, fagster. Takes one to know one.
Nana also tossed money out the window with a Brooklyn apartment before they signed their first big contract. Nana lost half of that before depositing his first check, then his certain type of rich kicked in and he used that contract to get a 3 million dollar loan to build his house. Ironic that the owner of compound media has never experienced one dollar of compound interest.
That’s the best picture I’ve seen of AntH in awhile.
He used to do trades during the earlier XM shows. Not sure what kind, but it didn't work at all. And not the Citadel stock either, was probably on Robin Hood
He used to hear about stocks going up then pretend he was selling. He never really had enough free cash to make money until his ex wife was paid off. Then he talked about obvious stocks like Netflix. If he was for real, with a few hundred thousand listeners he could have pumped and dumped a bunch of bullshit stocks and nobody would investigate him. Stuttering John bought a house that way and he never made 50 grand with stern.
John and Sal would do that. John would trade listener stock tips for insider information on the Stern Show or even air time just to ask Howard a boring question. Sal's job before coming to Stern was basically 'boiler room' level scamming and insider stock trading. Those two were very brazen about it as well. Like John would literally ask callers what they did for a living when screening them obviously hoping to hit either "I trade stocks" or "I make movies or TV shows" looking to gain something out of it.
Whenever Howard has a 'project' the show takes a backseat to it. So Private Parts plugs become the entire show. Or Son of the Beach gets all the airtime instead of doing an actual show. But at some point his plugs literally became mentioning Sirius over and over on CBS to boost the stock price for his bonus payouts. He was promoting a stock and not even a book or movie. Then when the merger was in discussion all Howard talked about was how Sirius would go bankrupt and disappear if the merger failed so you got nonstop business talk. Of course we find out that those talks were tied into a bonus payout as well.
You're the one who cares
I find this behind-the-scenes radio shit fascinating. If you ever write a book about this, I'll read it. Question: how do you think it might have played out if Stern never went to satellite? I realize he would have left a mountain of money on the table (and there's no way he'd have ever done THAT), but IMO the move to pay radio just killed his relevancy. He had to have lost 2/3rds or even 75% of his listeners just like that. Then again, it's not like FM radio is real relevant these days either, and it's tough to imagine that he'd have been able to demand the massive contract he got from Sirius from any traditional radio outlet. But the reality is that as soon as he moved to satellite, he essentially banished himself to relative obscurity, as no one really gives a shit about satellite radio. So would he be better off right now, or worse off?
But in reality he lost SOOOOOOO much more than that. His house should never have cost more than 2 million, he paid 3 and then added another million. The guy who bought it paid 2.4 which is still high but he got a house worth 1.8 plus another 800 worth of upgrades with the bar, basement and pool. Pretty sure nana had no place to put any of that gaudy furniture either, so maybe he left that behind as well.
