This appears to be the legal theory to be advanced by controversial former radio host Don Imus, through his “ferocious” litigator, the renowned Martin Garbus. Reports Fortune:

Imus has hired one of the nation’s premiere First Amendment attorneys, and the two sides are gearing up for a legal showdown that could turn on how language in his contract that encouraged the radio host to be irreverent and engage in character attacks is interpreted….

The language, according to this source, was part of a five-year contract that went into effect in 2006 and that paid Imus close to $10 million a year. It stipulates that Imus be given a warning before being fired for doing what he made a career out of – making off-color jokes. The source described it as a “dog-has-one-bite clause.” A lawsuit could be filed within a month, this person predicted.

We’re curious: What do ATL readers think about the Imus firing?

(The Pew Research Center also conducted a poll to gauge public attitudes towards Don Imus’s firing. It will be interesting to see how their poll results compare to the ATL poll results.)
P.S. We love Wikipedia. Check out their entry for HoHos:

HoHos are cylindrical, frosted, cream-filled cakes that are made by the Hostess company and are distributed in the United States and Egypt. The Interstate Bakeries Corporation owns the Hostess company. HoHos are similar to Yodels, which are made by Drake’s (also a brand of Interstate Bakeries Corporation), and Little Debbie Swiss Cake Rolls.

Imus won’t go quietly [Fortune]
Poll: Most Americans say Imus’ punishment appropriate [Associated Press]
Earlier: Don Imus Hires “Ferocious” Litigator