Rush Limbaugh’s Hate Radio Network Home Facing $20 Billion Bankruptcy

[Stereoholic]

Btw, Cumulus and CBS Radio are also in trouble. I'll post a link in the morning, when I can get to the computer.

[nailer]

Originally Posted by Stereoholic

Nobody will pick up Rush if he can't sell. Stations have been dropping him for the last year since they can't sell spots to pay the monthly fee to carry his drivel. He has lost sponsors by the thousands (so I've heard). So unless he is willing to renegotiate, or someone wants to use him as a write-off....well, we'll see.

After the dust has settled Rush will still have an audience from which he can earn a multimillion $ a year income if he so chooses. Other than using this bankruptcy as grist for his bulsh mill he probably couldn't give a shit.

Rush Limbaugh net worth and salary: Rush Limbaugh is an American conservative radio host and media personality who has a net worth of $450 million. Rush Limbaugh is one of the most popular and highly compensated radio talk show hosts in the world. He earns an annual salary north of $70 million. Source: celebritynetworth.com

[nailer]

Originally Posted by Stereoholic

Btw, Cumulus and CBS Radio are also in trouble. I'll post a link in the morning, when I can get to the computer.

These bankruptcies may very well be related to the Internet coveting our underutilized AM bandwidth.

[whell]

Good lord, this article makes me laugh. Looks like a product of the old Soviet Politburo. This article take a disconnected factoids, connects them together with a strawman, and then tried to use that as a foundation to make a editorial opinion. Bravo.

The only facts that might exist in this article are the financial challenges faced by the media in the brave new world of the internet. Here's the factual story behind the $20B debt and what the hyperventilating author of the article called "crawling to a judge":

http://www.radiotoday.com.au/news/wh...debt-wows.html

Yes, the company has debt and creditors that want an ROI. But the challenge here is that the company is having a challenge making its streaming content profitable. Sound familiar?

Also, if you look at iHeartmedia's content / radio stations, a very small percentage of them are talk radio. Of those that are talk radio, most but not all of that content is conservative talk radio. Mostly because liberal talk radio fails to attract an audience. Remember AirAmerica, the "network" that had at its zenith 66 outlets and staid afloat by getting bogus loans from Boys and Girls Clubs?

What a load of crap the OP is!

[Pio1980]

Someone verify that this is not an April 1st stunt.

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[Tom Joad]

Originally Posted by whell

The only facts that might exist in this article are the financial challenges faced by the media in the brave new world of the internet.

The right wing propaganda machine is dealing with that by paying idiots like you to post on the net.

[whell]

Originally Posted by Pio1980

Someone verify that this is not an April 1st stunt.

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Well, for starters, the OP was posted on 4/2/16.

[whell]

Originally Posted by Tom Joad

The right wing propaganda machine is dealing with that by paying idiots like you to post on the net.

Dealing with what? Paying who? ...and thanks for not even attempting to deal with the info I posted.

[Tom Joad]

Originally Posted by whell

Dealing with what? Paying who? ...and thanks for not even attempting to deal with the info I posted.

Sure I did.

I am under no illusions that the right wing propaganda machine will remain alive and well and continue to spew it's fear, loathing and lies.

Examples will continue to be provided by your posts, as always.

[Pio1980]

The Koch Bros will keep it alive as long as it serves their needs.

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