Regan-NewsCorp Talks Break Down On Verge Of $6 Million Settlement

Eat The Press Rachel Sklar March 19, 2007 12:16 PM

Radar reports today that a settlement talks between News Corp, which owns HarperCollins, and its ousted schlock publisher Judith Regan have broken down, after very nearly coming to an agreement. Here's the meat of it, according to Radar's Jeff Bercovici:

Earlier this year, according to sources, the two parties reached a tentative agreement in principle, whereby Regan would forego a suit and avoid disparaging her former employers in exchange for around $6 million. (According to one source, News Corp. wanted to space the payments out over time to keep Regan on a leash.)

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