While the remainder of details are confidential, the fact that SIRIUS Satellite Radio now has the rights to 'Classic Stern' shows is undoubtedly the headline winner. This morning, SIRIUS issued an 8-K providing some more details to the settlement:

The lawsuit brought by CBS Radio Inc. against us along with Howard Stern and others referenced in Item 3 of our 2005 Annual Report on Form 10-K has been settled. As part of the settlement, CBS Radio is conveying its rights in the recordings of the Howard Stern Show that aired on CBS Radio from 1985 through 2005. We will have the right to use those recordings as part of our Howard Stern channels through December 2010. We are making a total payment of $2 million to CBS Radio. This is the only payment we will make under the settlement agreement.

Great deal for SIRIUS, not just because they get two decades worth of programming, but also since this is the only public information about the settlement. They definitely walk away the winner here.