Imus reportedly poised to sue CBS Radio - Fired radio host seeks to collect $40 million remaining on his contract - MSNBC

Excerpt:
"Shock jock Don Imus reportedly plans to sue CBS Radio in an effort to collect the $40 million balance left on his contract, according to Fortune.com. Imus was fired by CBS on April 12 after making racially insensitive remarks about the Rutgers University women’s basketball team.

According to Fortune.com, Imus has hired Martin Garbus, a New York-based First Amendment attorney. The report says that Imus’ five-year contract, which was signed in 2006, paid him $10 million per year. A source told Fortune.com that Imus’ lawsuit will be based on language in the contract that encouraged the radio host to be confrontational and irreverent on the air. The source said Imus’ contract stipulates that the host must receive a warning before being fired."

http://www.msnbc.msn.com/id/18439618/

Alex

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