CBS Suing Howard Stern
February 28, 2006 at 2:42 PM (PT)
Rumors become reality as CBS RADIO has filed suit in NEW YORK SUPREME COURT against HOWARD STERN, his company ONE TWELVE, INC., his agent DON BUCHWALD, his agent's firm DON BUCHWALD & ASSOCIATES, INC. and SIRIUS SATELLITE RADIO, INC.
It seeks compensatory and punitive damages for multiple breaches of contract, fraud, unjust enrichment, and misappropriation of CBS RADIO's broadcast time. It further seeks damages from SIRIUS SATELLITE RADIO for unfair competition and tortious interference with STERN's CBS contract.
For extensive details on the 43 page document, including a complete breakdown of CBS' accusations, just click here.
For his part, STERN took the battle to CBS early, responding to the NEW YORK POST's Page Six item early this morning by calling an afternoon press conference.
"I'm offended. I really do think this is a personal vendetta," STERN stated at the news conference, according to REUTERS. "LES has had it in for me for a long time. I don't deserve it."
STERN said he had a meeting with CBS CEO LES MOONVES and CBS RADIO CEO JOEL HOLLANDER about three weeks ago to discuss their complaints.
"I said, 'LES, what's going on?"' said STERN. "He said it's nothing personal, it's just business. But ... it is personal."
STERN also took potshots at CBS RADIO's ratings dips following his departure (see NET NEWS item below), saying, "They're floundering," and adding that talk of a suit was meant as a distraction.
"I made them millions of dollars. If I was hurting them why did they keep me on the air for 14 months?" STERN said. "How can you have it both ways?"