CBS and Stern Are Said to Have Settled

CBS Corp.’s radio division has settled its breach-of-contract lawsuit against talk-show host Howard Stern, the judge presiding over the case said Wednesday.

The two parties, however, said an agreement had not yet been signed.

CBS Radio sued Stern in February for promoting his move to Sirius Satellite Radio Inc. during the final 14 months of his CBS morning show.

The broadcasting company sought at least $218 million in damages, accusing the shock jock of breach of contract, fraud, unjust enrichment and misuse of its airwaves.

Stern signed a five-year deal, valued at $500 million, with the No. 2 satellite radio provider in October 2004, but remained on CBS Radio until his contract ended in December. Sirius began airing Stern’s show in January.

“I was told the case was settled,” Judge Ira Gammerman of New York State Supreme Court, a trial-level court, said in a phone interview.

The judge said he didn’t know the terms of the accord, word of which came as the parties were supposed to set up a schedule for discovery of evidence in the case.