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August 30, 2014

Stern and CBS settle lawsuit - BREAKING NEWS

by Bob Sassone, posted May 26th 2006 7:05PM
Howard SternThe rumors turned out to be true. In a joint press release, attorneys for CBS Radio and Howard Stern have announced that the lawsuit CBS filed against Stern has been settled.

Sirius is going to pay CBS Radio $2 million, and Stern gets back the master tapes from his 20 years of shows.

But am I missing something here? That's a clever way to word it, but what about the actual lawsuit, that Stern was sued because he promoted Sirius while still under contract with CBS Radio? It's nice he gets the master tapes, but it's almost as if they thought of that to deflect the real outcome of the settlement, which remains undisclosed by both sides.

It will be interesting to see what Stern says about this next week (unless he did it this morning, didn't catch the show). If he's even on next week because of the holiday?

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JRT

YAY!! He got his tapes back!! He and Sirius can afford 2 mil to make this go away.

May 26 2006 at 7:45 PM Report abuse rate up rate down Reply
Joel

Yeah, $2 mil seems like a pittance compared to what they were looking for. If you believe Howard, he even said they'd give up his tapes for $40 mil right before he left terrestrial radio, so $2 mil seems small. Wonder what's in the rest of the settlement...

May 26 2006 at 5:07 PM Report abuse rate up rate down Reply

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