CBS, Imus Agree To Buyout Settlement

CBS, Imus Agree To Buyout Settlement

Don Imus is about to get paid.

The disowned shock jock is close to a settlement that would have former employer CBS buy out his contract as a way to avoid costly and ugly litigation, according to multiple sources close to the situation.

These sources said the two sides have agreed in principle to a buyout and are currently exploring the price tag for such a deal - Imus had $40 million left on his contract when he was booted from CBS, but his lawsuit against the company seeks $120 million in damages. Read whole story here.

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