Clerk: Stern, CBS Settle Suit
May 24, 2006 at 5:30 PM (PT)
HOWARD STERN and CBS CORP. have settled CBS' suit against its former star morning man, a clerk in the court where the diispute was to be heard announced late WEDNESDAY. The settlement was reportedly disclosed to Judicial Hearing Officer IRA GAMMERMAN's office by attorneys for the parties this afternoon, but details of the settlement terms were not disclosed, and attorneys for both sides will only say that the agreement has not yet been signed.
CBS sued STERN in FEBRUARY alleging that STERN had used its airwaves to promote his move to SIRIUS SATELLITE RADIO without disclosing to CBS that he would receive a stock bonus for increasing subscriptions before the move was official.