CNN Files Breach of Contract Lawsuit in New York Court
Posted on Jan 01, 2016
In a recent filing, media giant CNN accused Dial Global’s Westwood One Radio Networks of breach of contract. The lawsuit revolves around a decision by the syndicator to stop carrying CNN radio in December of 2011. At the time, the parties were operating under a contract that did not expire until 2012. Instead of continuing under the terms of that agreement, the deal was revised to say that Westwood One would pay CNN for the final year of the contract. In exchange, CNN would remove its content in March of 2012.
After allegedly complying with these terms and pulling its content, CNN claims that Westwood One has not upheld its end of the bargain. The company asserts that Westwood One has not paid the final two installments that are owed to it, due on August 15 and November 15, 2012, under the terms of the agreement. According to CNN, the amounts owed total at least $2.35 million.
The original contract between the parties was signed in 2009. The amended contract, according to CNN, stated that the 2009 agreement remained in effect and CNN was still entitled to receive all of its payments. The last two payments were scheduled for August and November, each for $1.175 million. CNN further alleges that it has fulfilled all of its obligations under the amended deal. This includes honoring the prohibition against distributing its content to over-the-air radio.
Contact a New York breach of contract attorney today at (888) 497-3410 for more information about this and other business litigation matters.