Skip to main content

Michael Savage Sues Radio Network

Michael Savage Sues Radio Network - Conservative radio talk show host Michael Savage has filed a lawsuit against his syndicator Talk Radio Network, claiming TRN is attempting to force him into “indentured servitude.”

Savage’s contract with TRN expires at the end of the year, and he has received an offer to move his show to Courtside Radio, which is headed by Norman Pattiz, founder of industry giant Westwood One.

Michael Savage Sues Radio Network

According to court papers, the proposed Savage network would have links to the RightNetwork, an on-demand video service backed by actor Kelsey Grammer and sports and media mogul Ed Snider. Savage’s contract with Pattiz offers him 1 percent of the equity in the fledgling network.

TRN has the right to match an outside offer and has attempted to do so, but Savage asserts in his suit filed Monday that TRN’s proposal falls short of the offer from Courtside Radio. For example, he argues that TRN can’t match the stock equity offer proffered by RightNetwork.

Savage’s suit filed in federal court in the Northern District of California states: “Through the use of illegal and unenforceable contract provisions . . . and other strong-arm tactics designed to intimidate Dr. Savage, TRN is attempting to force Dr. Savage into accepting a sub-standard agreement containing what can only be described as an indentured servitude provision.”

Michael Savage Sues Radio Network

Comments

Popular posts from this blog

Contactless Debit Cards

Contactless Debit Cards - Contactless debit cards will make their formal debut in Canada next year with the launch of Interac Flash from Acxsys Corp.’s Interac Association, Canada’s national debit network. Interac’s first two Flash issuers are Scotiabank and RBC Royal Bank, which will roll out their first contactless cards next summer. The first acquirer is TD Merchant Services, a unit of Toronto-Dominion Bank. More issuers and acquirers are on the way, an Interac spokesperson tells Digital Transactions News, though no announcements have been made yet. Interac and the banks tested Flash this summer at some high-volume, small-ticket merchants in downtown Toronto. The spokesperson expects national merchants will be making formal announcements about acceptance. “There’s a lot of excitement in the merchant community,” she says. “Merchants are looking for that faster throughput.” In a statement, the Retail Council of Canada endorsed the new card. “Interac Flash is a welcome and needed ...

Homes Losing Value Fastest

Homes Losing Value Fastest - Homeowners with Citigroup loans in foreclosure-rich Virginia Beach, Va., and Orlando, Fla., are in luck. The mortgage giant announced today that it will impose a moratorium on most foreclosures and modify $20 billion in mortgages to enable homeowners who are not behind on their loans, but in danger of falling behind, to avoid foreclosure. Those that don't fall under the plan? They're in hot water. Well, underwater. Virginia Beach homeowners who bought homes this year possess a paltry 5.2% of home equity, and 34.5% owe more on their property than it's worth, according to Zillow.com, a real estate research group. That's the worst rate in the country. Even in Orlando and Miami, two cities hammered by bad loans and home-equity dips, only 30% and 29% of homeowners are underwater, respectively. It's a similar story in El Centro, Calif., Bakersfield, Calif., and Cumberland, Md. What's certain to follow? Foreclosures. "Negative...

'Ferris Bueller's Day Off' Home on the Market for $1.65M

'Ferris Bueller's Day Off' Home on the Market for $1.65M - "Ferris Bueller's Day Off" fans listen up! A home from the iconic '80's film is on the market for $1.65 million, reports the Huffington Post. Starring as the modern digs of character Cameron Frye in the movie, the glassy house is located in Highland Park, Illinois and has been on the market for a little over a year. More photos reveal the glass-wrapped home features floor-to-ceiling windows overlooking a spacious tree-filled lot, according to the listing on Realtor.com. 'Ferris Bueller's Day Off' Home on the Market for $1.65M With four bedrooms, three bathrooms and 5,300 square feet of living space, the home served as the setting for the oddball hijinks in the 1986 film. Architects A. James Speyer and David Haid designed the house, built in 1953, with a specialty glass-enclosed garage to store Ben Rose's collection of vintage cars, reported Luxist.com when the home or...