CBS Radio to Settle Lawsuit Against Howard Stern, Court Clerk Says

Authored by Mark Hefflinger on May 25, 2006 - 6:38am.

New York - CBS Radio has settled its lawsuit against Howard Stern, in which it alleged the shock jock improperly used his last months on terrestrial radio to promote his jump to satellite radio, Reuters reported. An official in a court clerk's office in New York said the two sides have reached a settlement, although spokespeople for both sides told Reuters that although a settlement agreement may exist, it has not yet been signed by both sides. "The only response we're authorized to give you is the settlement agreement is not yet signed. We will release a statement when it is," the office of Peter Parcher, lawyer for Stern, told Reuters. Howard Stern signed a $500 million, five-year deal to bring his show to Sirius Satellite Radio in October 2004. CBS alleged in its lawsuit that Stern breached his existing contract with them when he promoted Sirius in the months leading up to his debut on the service in January 2006.
http://tinyurl.com/jhf7s (Reuters)
http://www.cbsradio.com
http://www.howardstern.com