XM signs Oprah

CBSNews

Feb. 9, 2006 9:49 a.m. PT

XM Satellite Radio has signed Oprah Winfrey to a three-year, $55 million deal. Oprah and Friends will debut on XM in September. In addition to being a perfect counter-programming vehicle to the Howard Stern Show on rival satcaster Sirius, XM was able to snag Oprah for a fraction of Stern's massive five-year, $500 million contract.