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UPDATE 4: SIRIUS Shares Drop After CBS Lawsuit Filed Against Stearns

businessweek.com — Shares of satellite radio company Sirius Satellite Radio Inc. fell in premarket trading on Wednesday after the company was named in a lawsuit filed by CBS Corp.'s radio division against its trophy disk jockey Howard Stern for improperly using CBS radio's air time to promote his new show on Sirius.

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CBS Radio sues Howard Stern

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  • corporate70, on 10/12/2007, -0/+1SIRIUS shares dropped? Expect announcement by Sirius CEO Mel Karmazin of intention to buy/merge with XM to follow.

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