Rico Posted March 1, 2006 Posted March 1, 2006 ...but you liked Cocoon? 613909[/snapback] No, Three Amigos.
Talonz Posted March 1, 2006 Posted March 1, 2006 This doesn't look good for Stern: Press Release Source: CBS Radio Inc. CBS Radio Inc. Files Suit Against Howard Stern and Related Parties for Multiple Breaches of Contract, Misappropriation and Unjust Enrichment Tuesday February 28, 5:00 pm ET NEW YORK, Feb. 28 /PRNewswire/ -- CBS Radio today announced that it has filed suit against Howard Stern, his company One Twelve, Inc., his agent Don Buchwald, his agent's firm Don Buchwald & Associates, Inc. and Sirius Satellite Radio, Inc. The lawsuit is for compensatory and punitive damages for multiple breaches of contract, fraud, unjust enrichment, and misappropriation of CBS Radio's broadcast time. It further seeks damages from Sirius Satellite Radio, Inc. for unfair competition and tortious interference with Stern's CBS contract. The 43-page complaint charges: * Howard Stern repeatedly and willfully breached his written contract with CBS Radio over the last 22 months of that contract, misappropriated millions of dollars worth of CBS Radio airtime for his own financial benefit, and fraudulently concealed his interest in hundreds of millions of dollars of Sirius stock while promoting it on the air. * That on or about January 9, 2006, Sirius paid over 34 million shares of stock, valued at approximately $220 million, to Stern and his agent because Sirius exceeded by the end of 2005 certain subscriber targets that were set in the Sirius-Stern contract. The complaint alleges that the Sirius-Stern contract provided that Stern was to receive this stock payment in 2010, but it had an acceleration provision that allowed Stern to receive the compensation as early as January 2006 if these subscriber targets were met. All of Stern's actions for which he received this expedited compensation occurred during the time that Stern was under exclusive contract with CBS Radio, when the Sirius payment terms to Stern were kept secret. * This contract thus provided a compelling incentive for Stern to do all that he could to help Sirius reach the subscriber targets by the end of 2005 so that he could receive his Sirius stock payment as soon as possible while Sirius's stock was extremely valuable. Without the accelerated payment, Stern would risk the decline of the Sirius stock value. By taking action on CBS Radio's airtime in 2004 and 2005, Stern assured himself of immediate access to $200 million in assets that could be readily converted to cash. * By engaging in continuous promotion of Sirius on CBS Radio airtime without any payment by Sirius to CBS for these advertisements and by pocketing over $200 million dollars for his personal benefit, Stern misappropriated millions of dollars worth of CBS Radio airtime for his own financial benefit and the financial benefit of Don Buchwald, his agent, and Sirius in contravention of repeated directives by CBS Radio. * That Stern also breached his contractual obligation to inform CBS Radio of plans that might have a bearing on his future. Under the Agreement, Stern had the obligation to give CBS Radio the first opportunity to discuss participation in radio projects that are conceived during the term of the Agreement, even if the concept or project was launched or implemented after the term. Stern ignored that responsibility, and negotiated and concluded his agreement with Sirius in secret. * To this day, Stern continues to breach his contract by refusing to return property that belongs to CBS Radio -- the recordings of his CBS radio program that, under his Agreement with CBS Radio, belong to the company. The suit further charges that Sirius intentionally interfered with and procured Stern's breach of the Agreement. Sirius knew that Stern had a contractual obligation to maximize the prospects for the success of the CBS Radio program and to comply with his duty of good faith. Sirius intentionally induced and caused Stern to breach these contractual provisions by offering to accelerate Stern's payment of millions of dollars in stock options to promote Sirius on CBS airwaves and by concealing Stern's stock interest from CBS Radio. The complaint in this lawsuit was filed in the Supreme Court of the State of New York, County of New York.
The Poojer Posted March 1, 2006 Author Posted March 1, 2006 This doesn't look good for Stern: Press Release Source: CBS Radio Inc. CBS Radio Inc. Files Suit Against Howard Stern and Related Parties for Multiple Breaches of Contract, Misappropriation and Unjust Enrichment Tuesday February 28, 5:00 pm ET not sure of the validity of this suit, but i know that he is not using material from his radio days, in fact he is even having musicians in the studio to re-record some traks that he especially liked, it is funny that this comes one day after the abysmal numbers posted by david lee roth as compared with the mega-numbers howard produced during his final month. Sounds like terribly sour grapes to me NEW YORK, Feb. 28 /PRNewswire/ -- CBS Radio today announced that it has filed suit against Howard Stern, his company One Twelve, Inc., his agent Don Buchwald, his agent's firm Don Buchwald & Associates, Inc. and Sirius Satellite Radio, Inc. The lawsuit is for compensatory and punitive damages for multiple breaches of contract, fraud, unjust enrichment, and misappropriation of CBS Radio's broadcast time. It further seeks damages from Sirius Satellite Radio, Inc. for unfair competition and tortious interference with Stern's CBS contract. The 43-page complaint charges: * Howard Stern repeatedly and willfully breached his written contract with CBS Radio over the last 22 months of that contract, misappropriated millions of dollars worth of CBS Radio airtime for his own financial benefit, and fraudulently concealed his interest in hundreds of millions of dollars of Sirius stock while promoting it on the air. * That on or about January 9, 2006, Sirius paid over 34 million shares of stock, valued at approximately $220 million, to Stern and his agent because Sirius exceeded by the end of 2005 certain subscriber targets that were set in the Sirius-Stern contract. The complaint alleges that the Sirius-Stern contract provided that Stern was to receive this stock payment in 2010, but it had an acceleration provision that allowed Stern to receive the compensation as early as January 2006 if these subscriber targets were met. All of Stern's actions for which he received this expedited compensation occurred during the time that Stern was under exclusive contract with CBS Radio, when the Sirius payment terms to Stern were kept secret. * This contract thus provided a compelling incentive for Stern to do all that he could to help Sirius reach the subscriber targets by the end of 2005 so that he could receive his Sirius stock payment as soon as possible while Sirius's stock was extremely valuable. Without the accelerated payment, Stern would risk the decline of the Sirius stock value. By taking action on CBS Radio's airtime in 2004 and 2005, Stern assured himself of immediate access to $200 million in assets that could be readily converted to cash. * By engaging in continuous promotion of Sirius on CBS Radio airtime without any payment by Sirius to CBS for these advertisements and by pocketing over $200 million dollars for his personal benefit, Stern misappropriated millions of dollars worth of CBS Radio airtime for his own financial benefit and the financial benefit of Don Buchwald, his agent, and Sirius in contravention of repeated directives by CBS Radio. * That Stern also breached his contractual obligation to inform CBS Radio of plans that might have a bearing on his future. Under the Agreement, Stern had the obligation to give CBS Radio the first opportunity to discuss participation in radio projects that are conceived during the term of the Agreement, even if the concept or project was launched or implemented after the term. Stern ignored that responsibility, and negotiated and concluded his agreement with Sirius in secret. * To this day, Stern continues to breach his contract by refusing to return property that belongs to CBS Radio -- the recordings of his CBS radio program that, under his Agreement with CBS Radio, belong to the company. The suit further charges that Sirius intentionally interfered with and procured Stern's breach of the Agreement. Sirius knew that Stern had a contractual obligation to maximize the prospects for the success of the CBS Radio program and to comply with his duty of good faith. Sirius intentionally induced and caused Stern to breach these contractual provisions by offering to accelerate Stern's payment of millions of dollars in stock options to promote Sirius on CBS airwaves and by concealing Stern's stock interest from CBS Radio. The complaint in this lawsuit was filed in the Supreme Court of the State of New York, County of New York. 614528[/snapback]
Crap Throwing Monkey Posted March 1, 2006 Posted March 1, 2006 This doesn't look good for Stern: [...] 614528[/snapback] Oops... Still, he probably made enough off his Sirius interest to pay CBS back painlessly...unless the SEC goes after him for securities fraud, which, judging by CBS's suit... "...and fraudulently concealed his interest in hundreds of millions of dollars of Sirius stock while promoting it on the air..." ...isn't out of the question.
eball Posted March 1, 2006 Posted March 1, 2006 Many, many, many, many years ago, I listed to Stearn for a short while and I thought he was, ocassionaly, moderately funny. But, he shtick grows old pretty fast. To me, he's professional wrestling. I don't care that he's dirty...hell, I LOVE dirty. I care that he's not funny. Hell, I have 10 friends funnier than Howard. But, people like him and he gives them what they like...HooRay! Another blow to intelligent culture in the good old USA. 614401[/snapback] You know what? It's okay not to like Howard Stern. People have different tastes. It's decidedly uncool, however, to foster a holier-than-thou attitude implying that only certain people know what is and what is not funny, and that those who disagree are somehow less intelligent than the "chosen" few. Guys like you and LABillz should know better.
Rico Posted March 1, 2006 Posted March 1, 2006 You know what? It's okay not to like Howard Stern. People have different tastes. It's decidedly uncool, however, to foster a holier-than-thou attitude implying that only certain people know what is and what is not funny, and that those who disagree are somehow less intelligent than the "chosen" few. 614556[/snapback] They probably think Garrison Keillor is funny.
Crap Throwing Monkey Posted March 1, 2006 Posted March 1, 2006 You know what? It's okay not to like Howard Stern. People have different tastes. It's decidedly uncool, however, to foster a holier-than-thou attitude implying that only certain people know what is and what is not funny, and that those who disagree are somehow less intelligent than the "chosen" few. Guys like you and LABillz should know better. 614556[/snapback] I think we need a KTFABD ruling on this. Kelly...Stern, funny or not funny?
Bill from NYC Posted March 1, 2006 Posted March 1, 2006 I think the fact that I hate all things NYC, I never wanted to give it a chance. 614102[/snapback] Well, at least this sentence proves that you do have an open mind.
Beerball Posted March 1, 2006 Posted March 1, 2006 But, people like him and he gives them what they like...HooRay! Another blow to intelligent culture in the good old USA. 614401[/snapback] Tsk tsk. So people who enjoy listening to Stern lack culture? People who like Stern cannot also appreciate the finer things in life? People who enjoy Stern cannot read/understand "THE GREAT AMERICAN NOVELS"? People who listen to Stern think that fine art is putting a frame around their velvet pool playing dogs wall art? Quite the broad brush you and others are using here. You like the Bills? Must be a loser.
BillsFanNC Posted March 1, 2006 Posted March 1, 2006 What I found out a long time ago is that I enjoy about 60-70% of the radio show. The "Whack Pack" pranks, song parodies, skits, news items, musical guests, a decent portion of the interviews, and just the cast's general bashing of each other, are all pretty funny. Like it or not, Howard is a very smart and funny guy. 614220[/snapback] This right here is exactly what I find funny about the show as well.
IDBillzFan Posted March 1, 2006 Posted March 1, 2006 Tsk tsk. So people who enjoy listening to Stern lack culture? People who like Stern cannot also appreciate the finer things in life? People who enjoy Stern cannot read/understand "THE GREAT AMERICAN NOVELS"? People who listen to Stern think that fine art is putting a frame around their velvet pool playing dogs wall art? Quite the broad brush you and others are using here. You like the Bills? Must be a loser. 614630[/snapback] How is it possible to walk away from Deano's comments with this impression? All he said was Stern wasn't funny and that Stern is a blow to intelligent culture, which he is. That doesn't mean we think people who listen to Stern lack intelligence. It means that whatever intelligence you have will get no exercise from Stern's thoughts, and in all likelihood, when you are done listening to him your level of intelligence will have likely suffered a blow. We're not saying you guys are idiots. We're saying Stern is just not funny to us.
CoachChuckDickerson Posted March 1, 2006 Posted March 1, 2006 How is it possible to walk away from Deano's comments with this impression? All he said was Stern wasn't funny and that Stern is a blow to intelligent culture, which he is. That doesn't mean we think people who listen to Stern lack intelligence. It means that whatever intelligence you have will get no exercise from Stern's thoughts, and in all likelihood, when you are done listening to him your level of intelligence will have likely suffered a blow. We're not saying you guys are idiots. We're saying Stern is just not funny to us. 614731[/snapback] So what, by your definition, is intelligent humor? Please enlighten us....
Beerball Posted March 1, 2006 Posted March 1, 2006 How is it possible to walk away from Deano's comments with this impression? All he said was Stern wasn't funny and that Stern is a blow to intelligent culture, which he is. That doesn't mean we think people who listen to Stern lack intelligence. It means that whatever intelligence you have will get no exercise from Stern's thoughts, and in all likelihood, when you are done listening to him your level of intelligence will have likely suffered a blow. We're not saying you guys are idiots. We're saying Stern is just not funny to us. 614731[/snapback] You live in LA, ergo you are a radical liberal. Not that you're really a radical liberal, it's just that you are surrounded by radical liberals. It's not that you want it to happen, but by osmosis you are becoming more liberal every day, you can't help it. As a matter of fact, tomorrow you will walk into a head shop and buy a poster of Che. It's not your fault though, it's your surroundings.
HopsGuy Posted March 1, 2006 Posted March 1, 2006 "Oops" is right. Insider trading, anyone? 614554[/snapback] It will be hard to prove. The contention that Howard profited from "material non-public information" is not immediately apparent. Of course, if the stock deal isn't in one of the filings, then there could be some problems for the company. I would think this suit will be settled. Stern certainly talked quite a bit about his move to satellite over his last 14 months. There were lots of references to other programming that would seem to violate his CBS/Infinity contract. Right now the SEC is involved in a much larger issue: naked shorting. The Overstock CEO was on CNBC again this morning. This guy gets crazier every time I see him. He does, however, make some good points about naked shorting. On the other hand, his company is going down the tubes. [i have no position in either SIRI or OSTK.]
The Dean Posted March 1, 2006 Posted March 1, 2006 They probably think Garrison Keillor is funny. 614563[/snapback] Yes, I think GK is pretty funny. But, i can only listen to him every so often...a steady diet of him would be dreadful, IMO.
The Dean Posted March 1, 2006 Posted March 1, 2006 You live in LA, ergo you are a radical liberal. Not that you're really a radical liberal, it's just that you are surrounded by radical liberals. It's not that you want it to happen, but by osmosis you are becoming more liberal every day, you can't help it. As a matter of fact, tomorrow you will walk into a head shop and buy a poster of Che. It's not your fault though, it's your surroundings. 614787[/snapback] I have no idea what this means.
The Dean Posted March 1, 2006 Posted March 1, 2006 How is it possible to walk away from Deano's comments with this impression? All he said was Stern wasn't funny and that Stern is a blow to intelligent culture, which he is. That doesn't mean we think people who listen to Stern lack intelligence. It means that whatever intelligence you have will get no exercise from Stern's thoughts, and in all likelihood, when you are done listening to him your level of intelligence will have likely suffered a blow. We're not saying you guys are idiots. We're saying Stern is just not funny to us. 614731[/snapback] Thanks, LA. I certainly never said iif you like Stern you are not intelligent. Nor did I say, or imply, that you can't like Stern and appreciate more stimulating culture. Of course, there are people who do. But, I'm a self-admitted, self-appointed culture snob (to a degree...there are people who are VERY snobbish...and I take them to task, too). And, to some degree, I think I am a good judge of what's good/funny/intelligent. And I have no problem with that. With that said, I think Artie Lang can be pretty funny sometimes.
IDBillzFan Posted March 1, 2006 Posted March 1, 2006 So what, by your definition, is intelligent humor? Please enlighten us.... 614754[/snapback] Anything not from Stern, for starters. Dennis Miller is intelligent comedy. George Carlin is, or at least used to be, intelligent humor. To me, good humor requires some irony, or twisted look on an everyday thing. And again, to me, Stern is basically "pull my finger" humor. Stern is what you would get if Terrence and Phillip ever had a radio show. As I have said and will continue to say to all you folks who think I'm standing in judgement of you for listening to Stern: I don't care that you listen to him, or find him funny, or think asking Buddy Hackett how big his pecker is is really good stuff. I don't care if you think a redneck singing a song about !@#$s is funny. I honestly don't care. I just think he's all schtick with absolutely NO originality, which is why he has so many characters and people surrounding him. If you had to listen to him and only him during his show, he'd lose most of his audience in two weeks, if for no other reason than because the only thing he can talk about is himself.
IDBillzFan Posted March 1, 2006 Posted March 1, 2006 You live in LA, ergo you are a radical liberal. Not that you're really a radical liberal, it's just that you are surrounded by radical liberals. It's not that you want it to happen, but by osmosis you are becoming more liberal every day, you can't help it. As a matter of fact, tomorrow you will walk into a head shop and buy a poster of Che. It's not your fault though, it's your surroundings. 614787[/snapback] I live in Orange County. We don't allow liberals in Orange County. What we do is, we draw out the county line and cover it with fiscal responsibility and personal accountability. Once the libs get near it, they naturally run away because those two things are like kryptonite to them.
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