Sounds like a non-compete clause... probably 6 months.
The only problem with this claim by this source, is that broadcast non-compete clauses were banned in New York State last August. This includes all radio and TV broadcast contracts.
So he could very well come out with a shiny new deal with ABC next week. What could be a bigger problem -- and why they couldn't say anything -- is tortious interference. ABC could not pursue him while he was under contract with CNBC, but if Ratigan went after ABC - that would be possible. However, nothing could be signed and/or announced until after March 31st.
The non-compete claim in the article is wrong. Read here:
http://www.rwonline.com/article/65308
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