Good News For Howard Stern
Saturday, May 27, 2006
By LARRY McSHANE
Associated Press Writer
NEW YORK (AP) -- Shock jock Howard Stern regained control of the
master tapes from the last 20 years of his terrestrial radio
program in a Friday settlement of the contentious lawsuit brought
by his former bosses at CBS Radio.
Stern's new employer, Sirius Satellite Radio Inc., agreed to pay
$2 million to CBS Radio in return for the rights to the classic
recordings, according to a statement released by both sides.
"As part of the settlement, CBS Radio will receive payments
relating to the conveyance of its rights in the recordings of `The
Howard Stern Show,"' the statement read. "Sirius, for its part,
will make a total payment of $2 million related to this
conveyance."
The remaining details of the settlement remained confidential,
according to the statement.
CBS spokesman Dana McClintock declined to make any further
comment, and Stern's agent, Don Buchwald, did not immediately
return a call about the settlement.
CBS Radio sued Stern in February, the latest salvo in an
escalating battle between the corporation and its former star
employee. The company claimed Stern had violated his contract by
improperly using his airtime on CBS stations to promote his January
2006 move to Sirius.
Stern "misappropriated millions of dollars' worth of CBS Radio
air time for his own financial benefit," the 43-page lawsuit
charged.
Stern also discussed his plans with Sirius without disclosing
them to CBS, as required by his contract, the lawsuit said.
Stern angrily responded by attacking CBS chief executive officer
Les Moonves. The shock jock, in an appearance with David Letterman
on "Late Show," wore an "I Hate Les Moonves" T-shirt decorated
with the executive's face.
"I believe you are working for one of the biggest jerks on the
planet," Stern told Letterman, whose show airs on CBS. "Les
Moonves is a bully."
Stern, 50, was the anchor of CBS's radio division with his
nationally syndicated morning show until he bolted for satellite
radio in January under a five-year, $500 million contract. Lawyers
on both sides confirmed the settlement on Wednesday, but no details
emerged until the statement was released two days later.
During the last months of his terrestrial radio show, Stern
battled constantly with his bosses and was suspended for a day over
his alleged promotion of Sirius.
Labels: howard stern, sirius satellite radio
posted by jc @ 4:14 PM,
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