CBS, Stern Near a Settlement

A CBS Corp. lawyer told a judge that an agreement was near to settle a lawsuit against former radio host Howard Stern over his move to Sirius Satellite Radio Inc., a CBS executive said Thursday.

CBS Radio sued Stern, his company, One Twelve Inc., his agent, Don Buchwald, and Sirius in February, alleging breach of contract, fraud, unjust enrichment and misuse of CBS broadcast time. It sought unspecified compensatory and punitive damages.

Stern, famous for his raunchy on-air antics, left CBS in January to join Sirius, where U.S. regulations that bar indecent and obscene material do not apply.

“We have an agreement, but there are details that have to be worked out,” CBS lawyer Irvin Nathan told Manhattan Supreme Court Judicial Hearing Officer Ira Gammerman, according to a report in the New York Daily News on Thursday.