CBS Confirms Stern Settlement, Stern Pays For Tapes
May 26, 2006 at 11:19 AM (PT)
CBS releases a statement confirming what ALL ACCESS reported earlier this week, the settlement of its suit against HOWARD STERN.
The statement in full reads: "The lawsuit brought by CBS RADIO against HOWARD STERN, SIRIUS and others has been settled. 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. SIRIUS, for its part, will make a total payment of $2 million related to this conveyance. The remaining terms and conditions of the settlement are confidential."