Howard Stern hastily arranged a news conference in New York today after the New York Post published a claim that CBS Radio was filing suit against him. Stern said CBS accused him of reaching a "secret agreement" with his new employer, Sirius Satellite Radio Inc., even though he disclosed it to CBS executives and discussed his intentions to move to Sirius on the air.

Stern also disputed CBS's claim that he caused them financial damages by discussing satellite radio on the air, saying it was a legitimate story about the media and helped lead to high ratings for his show and sold-out advertising time.

Stern and his lawyers indicated that no lawsuit had been filed yet.

CBS declined to make any comment.

[ABC News]