Don Imus has reached a settlement with CBS over his multimillion-dollar contract and is negotiating to resume his broadcasting career.
The settlement pre-empts the dismissed radio personality’s threatened $120 million breach-of-contract lawsuit at a time when he is taking steps to make a comeback with WABC-AM, the flagship station in the once huge network of radio stations that carried his talk show until he was dismissed after creating an uproar over his racist and sexist comments about the Rutgers women’s basketball team.
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