Stern / CBS settlement: Not signed, sealed or delivered - but reached
Howard Stern and his former employer/ current nemesis CBS Radio reached a tentative settlement in a breach of contract case late yesterday, but there’s no ink on the dotted line.
“The only response we’re authorised to give you is the settlement agreement is not yet signed. We will release a statement when it is,” said a spokesperson at the office of Peter Parcher, Stern’s lawyer told the BBC late yesterday.
Why?
Likely, because each side wants to think very carefully about settling, when there’s a chance they could win at trial.
Both sides have real merit in their claims: The 46 page CBS complaint, filed 22 months after Stern announced he was leaving for Sirius, might appear to be punitive, given that CBS waited so long to file it.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in