Maybe I’m missing something?

NEW YORK, May 26 (Reuters) - CBS Corp. (CBSa.N: Quote, Profile, Research) and its former morning radio star Howard Stern have settled a bitter breach-of-contract lawsuit over the shock jock’s defection to a rival satellite radio service, the two sides said on Friday.

Stern, a fixture of morning FM drive time for decades and one of CBS Radio’s biggest assets before jumping to Sirius Satellite Radio in January, came away from the settlement achieving one of his long-sought goals.

As part of the deal, Stern will gain rights to his old CBS Radio broadcast material in return for unspecified payments to CBS, including $2 million from Sirius. Further details of the agreement were not disclosed.

“The lawsuit brought by CBS Radio against Howard Stern, Sirius and others has been settled,” according to a joint statement by CBS and Stern’s agent, Don Buchwald.

Officials at CBS and Sirius declined comment on the settlement, as did Stern’s lawyer, Peter Parcher.

Well, that was hardly worth the effort. $2 million dollars?

Whatever. Good job on Howard’s part. We’ll never know how much he paid CBS for his old stuff, but I have to wonder… Why did CBS give in and give him his material back? They sued him!

Oh well…

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