India, Sept. 8 -- Howard Stern, the outspoken radio host dubbed as 'King of All Media,' clarified that he has not been fired from SiriusXM. The 71-year-old addressed mounting rumors about his contract status and said negotiations for a new deal are underway. According to The Hollywood Reporter, Stern played an elaborate prank on fans as Andy Cohen opened the slot instead of him on Monday and claimed that he had taken over the show from Stern. However, Stern came on air after the show and revealed it was a prank.

The chatter around Stern's future gained momentum this summer with suggestions that his high price tag and reduced broadcasting schedule could push SiriusXM to reconsider renewing his contract. His current five-year deal, worth a...