CBS settles with fired shock jock Don Imus

CBS SETTLES WITH FIRED SHOCK JOCK DON IMUS
[SOURCE: Reuters, AUTHOR: Daniel Trotta]
The Drudge Report Web site reported that Don Imus will receive $20 million from CBS for insulting the Rutgers women's basketball team. The settlement may allow Imus to revitalized his career with rumors that both Sirius Satellite Radio and New York radio station WABC, which is owned by Citadel Broadcasting, may be interested in hiring him. Despite the negative publicity, Imus is capable of generating tens of millions of dollars in advertising revenue a year through high ratings, experts say. "If someone is in negotiations with him, they have done enough due diligence with their advertisers to know revenues will increase and advertisers will support it," said employment and entertainment lawyer Barry Peek, a partner in the law firm Meyer, Suozzi, English & Klein, P.C. "I would think it's going to be quick," Peek said of an Imus comeback. "For Imus, time is of the essence. Out of sight, out of mind."
http://today.reuters.com/news/newsArticle.aspx?type=entertainmentNews&st...

* Imus, CBS Settle Lawsuits; Is New Show in the Wings?
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/14/AR200708...

* CBS and Imus Settle Differences Over His Firing
http://www.nytimes.com/2007/08/15/arts/television/15imus.html

* Rutgers player sues Imus
Hours after dethroned radio shock jock Don Imus settled his $120 million breach-of-contract lawsuit with CBS Tuesday, he and CBS were sued by a Rutgers women's basketball team member who says his disparaging on-air comments ruined her reputation.
http://www.usatoday.com/printedition/life/20070815/d_lede15_imus.art.htm