Sirius/CBS Settlement: $2 Million

The pay-radio outfit will shell out in the Howard Stern affair.
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The battle of media egos between radio shock jock Howard Stern and


(CBS) - Get Report

CEO Les Moonves is ending with a whimper.

CBS announced Friday that Stern's new employer,


(SIRI) - Get Report

, will pay $2 million to settle a lawsuit stemming from Stern's move from CBS's Infinity radio network to Sirius earlier this year. On Wednesday, lawyers for both CBS and Sirius had told a New York state judge that they had reached a settlement in the dispute.

In return for the $2 million payment, Sirius will get access to old Howard Stern radio shows.

CBS sued Stern in February, claiming he breached his contract with the radio network by promoting his move to Sirius. Stern announced in October 2004 that he would move to Sirius when his contract with Infinity ended.

In the lawsuit, CBS had asked for $500 million in damages.

When it was filed many in the New York media world saw the lawsuit as nothing more than sour grapes by CBS and Moonves at losing one of their big radio stars. Stern had called the suit a vendetta.