Howard Stern, the "King of All Media," will continue to make satellite radio giant SiriusXM his home, extending his long-running deal with the company for his flagship show by five years.

The deal, unveiled Tuesday, also covers the Stern archive for seven additional years. Financial terms weren't disclosed.

Stern, 66, is currently working under a five-year deal with Sirius, estimated to be worth as much as $100 million a year, that expires at the end of this year. Recent chatter had focused on the new deal being for up to $120 million per year.

The news was first announced by Stern live during his show Tuesday morning. "Fifteen years ago, I joined SiriusXM, a fledgling group of broadcasters. I had been in a toxic relationship with terrestrial radio," Stern said. "And no matter how well I treated the medium, no matter how successful I made them, they abused me. Going to SiriusXM liberated me. I felt like Tina Turner freeing myself from Ike."

He added: "And despite the naysayers and the ridicule, we have persevered and are thriving. I've been proven right about satellite radio over and over again. With this contract renewal, I can't wait to see what else I'll be right about. Certainly, I have a lot more to say about Metamucil crackers and stepmom porn. Plus, now that I can work from home, I simply don't have an excuse to quit."