Paul Finebaum, WJOX Settle Suit
July 16, 2012 at 5:04 PM (PT)
PAUL FINEBAUM will not be leaving CUMULUS Sports WJOX/BIRMINGHAM after all -- for now -- as the sports talker has settled his suit against CUMULUS' WJOX-owner predecessor CITADEL BROADCASTING. The BIRMINGHAM NEWS reports that FINEBAUM will remain with WJOX through the end of his contract in mid-JANUARY 2013 and will then be a free agent, with the ability to sign with other stations or to remain with WJOX if he so desires. Other terms were not disclosed.
A statement jointly issued by FINEBAUM, the company, and former GM BILL THOMAS said that the parties had "reached an amicable resolution of the litigation ... The claims were contested and the settlement in no way constitutes an admission by any party concerning the validity or invalidity of any claim, counterclaim or defense raised in the litigation. Mr. FINEBAUM’s relationship with CITADEL will continue pursuant to the terms of the current employment agreement.”
FINEBAUM's own statement said that he is "particularly pleased that the claims involving BILL THOMAS are resolved. I have known BILL for many years and have valued his advice. We both regret that we became personally entangled in what was essentially a business dispute with former management and we look forward to repairing our relationship.”
During the legal wrangling, market talk had FINEBAUM heading to crosstown COX MEDIA GROUP Sports WZNN (97.3 THE ZONE).