As had been widely expected, Howard Stern and CBS have settled the lawsuit that grew from Stern's departure to SIRUS Satellite Radio. CBS filed suit in February against Stern, his agent and Sirius, claiming he breached his contract by talking about his new satellite radio gig on the air, essentially giving SIRIUS free advertisement.No details on the settlement have been published, and in fact, spokes-people for both sides are being tight lipped in the press, having stated publicly that no deal has actually been signed.
This is good news for all involved. SIRIUS and Howard need to get down to the business of selling more radios and paying off the enormous deal offered to Stern and his crew for their relocation to satellite. CBS needs to let bygones be bygones. No lawsuit will return Stern to the public airwaves, and this deal lets CBS end the crying over spilled milk.
[via Forbes]
1. Bubba called into Stern's show this morning and said, "hey I heard the good news from the meeting," to which Stern replied, "no comment right now" to Bubba. I'd say this most likely seems to point to this settlement and that it's in Stern's favor.
Posted at 12:54PM on May 25th 2006 by Keith