CBS Corporation's Radio Division Sues Howard CBS Corporation's Radio Division Sues Howard Stern-AP
01 Mar 2006, 12:46 AM ET
The Associated Press reported that CBS Corporation's radio division has sued Howard Stern, claiming its former radio jockey breached his contract with them when he moved to Sirius Satellite Radio Inc. The lawsuit claims Stern improperly used CBS radio's airtime to promote his new show with Sirius, which began last month. CBS also claims Stern discussed his plans with Sirius without disclosing them to CBS as required under his contract. CBS wants Stern, his agent, Don Buchwald, and Sirius to return any financial benefits they received from using CBS radio's airtime to promote Sirius, including the value of a tranche of Sirius shares that Stern and Buchwald received early for exceeding a target for subscriber increases by the end of 2005.