Wednesday, March 01, 2006

And The Difference Would Be... What?

Howard Stern is being sued by CBS Radio, allegedly for promoting Sirius Satellite Radio during his last months with CBS. The allegation appears to be that Stern didn't disclose that he had a stock deal with Sirius "valued at approximately $220 million, if Sirius reached certain subscriber levels at a date as early as this year".

What difference does that make? Were the comments Stern made about Sirius somehow transformed by the deal? Because "We knew he was promoting Sirius, and we knew how much the airtime was worth, but didn't realize how much he would be making" doesn't strike me as a particularly compelling reason to sue. If he was, in fact, misappropriating air time, CBS should have taken action the moment they detected his misconduct.

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