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Howard Stern To Replace Letterman? By Jack, (DT) March 7, 2002 11:21 AM PT

CBS has offered David Letterman $31.5 million a year plus bonuses to persuade him to remain with the network, the Associated Press reported today (Thursday), citing an unnamed network source. Under the proposed deal, Letterman would also receive additional salary increases, the wire service said. The AP report follows one by Time Inc.'s Entertainment Weekly saying that ABC had offered Letterman $31 million a year to leave CBS. That's when the rumors started quickly spread Wednesday that if CBS loses David Letterman, the network will replace him with radio shock jock Howard Stern. Internet gossip Matt Drudge claimed that Stern's agent, Don Buchwald, had been on the phone "nearly non-stop" with the network. However, the New York Post's "Page Six" column today (Thursday) quoted Catholic League president William Donohue as vowing to fight CBS advertiser by advertiser if it fills Letterman's slot with Stern. "CBS is out of its mind if it thinks it can get away with moving Howard Stern into the Letterman slot without a fight," Donohue said. "No one in the entertainment business has angered Americans across the board more than Howard Stern." Compiled from Studio Briefing