Hearing postponed in CBS suit versus Howard Stern

NEW YORK (Reuters) - A court hearing on Wednesday regarding CBS Radio's breach of contract lawsuit against former radio host Howard Stern was postponed until next week, a court clerk said.

The delay suggests the parties are still working toward a settlement.

The hearing had been called to determine whether the two sides had settled the suit, which CBS filed over Stern's move to Sirius Satellite Radio Inc.

At a hearing last week, a CBS lawyer told the court the two sides were close to settling the suit, in which CBS is seeking unspecified compensatory and punitive damages for breach of contract, fraud, unjust enrichment and misuse of CBS broadcast time.

A clerk for New York state court Judge Ira Gammerman told reporters the hearing was postponed until May 24. Lawyers in the case were unavailable or declined to comment.

Sirius agreed in 2004 to hire Stern in a five-year deal valued at $500 million, and the suit claims Stern improperly used his final 14 months at CBS to promote his move to Sirius.

Stern is famous for raunchy on-air antics and now that he is on satellite radio is no longer subject to U.S. regulations that bar indecent and obscene material.

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