CBS Radio jolted shock jock Howard Stern and Sirius Satellite Radio Inc. on Tuesday with a $218-million lawsuit that alleged Stern misused the company's airtime in a scheme to boost the payment he received when he moved to Sirius in January. CBS contends that while it employed Stern, the host spent more than a year hyping his upcoming switch to Sirius and, as a result, improperly enriched himself, "pocketing over $200 million for his personal benefit" by driving up Sirius' subscriber numbers.
Howard had a press conference about this yesterday and from the audio I heard of it he was very aggitated and fidgeting throughout it. If anyone has a copy of that video I would love to see a link to it, I am going to try to find a link to the audio to post later. The discussion I heard today was dealing with the stock options that had been kept secret outside of the 500 million that was made public for his salary. There was one very funny moment in which howard was trying to make a joke that just outright bombed and instead of the press laughing all you could hear was the sound of shutters clicking away. This story should prove entertaining for a few weeks yet to come. CBS Sues Howard Stern and Sirius - Los Angeles Times |