CBS Radio have confirmed those reports last week that they have reached a settlement with Howard Stern. CBS were suing Stern, of course, because he received a bonus from new employer Sirius for helping them sell loads of subscriptions - he did this by using CBS Radio air time to plug Sirius - something which, CBS claimed, was irritating to start with but in breach of contract once they realised Stern was gaining financially from the plugs.
The details of the settlement between Stern and CBS are confidential, though it is known Sirius will pay CBS $2 million, while CBS will hand over the rights to Stern's old shows. Some reckon this is a particularly good deal for Stern, who was known to have wanted the rights to his old shows when he left CBS, something he was denied. Therefore in the $2 million settlement not only has Stern settled CBS's legal action, but he has regained valuable content rights he had wanted all along, and possibly would have paid $2 million for anyway.