Word has it that US radio conglom CBS Radio has settled its $500 million lawsuit against Howard Stern. As you'll remember, CBS sued Stern following his departure from the company over allegations that, because he got a bonus from new employer Sirius for helping them meet their subscriber targets, he was guilty of stealing their airtime for commercial purposes (because the main way he helped Sirius gain new subscribers was by plugging them on CBS's radio stations). Reports suggest Stern and CBS's legal people have reached a deal which could be signed today.
May 26, 2006
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1 min read
CBS and Stern might have reached a deal
Reports suggest CBS Radio and Howard Stern have reached a settlement over CBS's $500 million lawsuit, which claimed Stern used its airtime to promote Sirius.