CNN Sues Westwood One For Alleged Contract Breach
March 4, 2013 at 4:38 AM (PT)
CNN has filed suit in the Supreme Court of NEW YORK against DIAL GLOBAL's WESTWOOD ONE RADIO NETWORKS for breach of contract, reports TVNEWSER.
The suit alleges that when the syndicator decided to pull the plug on carrying CNN RADIO in DECEMBER 2011, a year before the contract between the parties was to expire, the deal was amended to say that WESTWOOD ONE would pay CNN for the final year of the contract and CNN would pull its content in MARCH 2012.
CNN says that it pulled its content but has not been paid for the final two installments due on AUGUST 15th and NOVEMBER 15th under the contract and is owed at least $2.35 million.