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

This is the coolest thing since sliced bread!!!

Thanks to a concerted effort among conservatives, America has been addicted to hate for too long. Like many destructive commodities, as long as “hate sells” its purveyors will never stop peddling it and in 21st Century America nothing sells like hate. Conservatives thrive on peddling hate because it resonates with their increasingly ignorant racist, sexist, and nativist base. In fact, Republicans have benefitted greatly from selling hate and it was that fact that likely prompted Mormon cultist and then aspiring Republican presidential candidate Willard ‘Mitt’ Romney to direct his company, Bain Capital, to buy control of America’s leading hate radio network, Clear Channel. Romney’s intent was to use “his new” hate radio network to curry favor with the hate-addicted Republican base to win the White House in 2012.

http://www.politicususa.com/2016/03/...tm_campaign=im

Hate has always been a big seller.

Couldn't happen to a more deserving group. That it was apparently orchestrated by vulture capitalists like Mittens and Bain Capital is pretty funny.

Two weeks time, I will be watching.

Isn't Excrement in Fraudcasting with all the Limbotomised Dittiot zombies supposed to be highly profitable?

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So, suppose the Koch brothers buy Clear Channel out of bankruptcy. What happens then? As nailer said, hate sells. It we needed an example, all we have to do is think of "President Drumpf".

I Heard the sandwich that took out Mama Cass is coming back, and looking for Rush! or at least I hope so!!!

Rush is a paying asset (presumably), and the bankruptcy court would seek to preserve him as such. In a bankruptcy his contract would be sold and he'd continue in uninterrupted operation (presumably).

From the link in Post #1.
Would GOP/Fox shut down these four so close to the elections and especially with the GOP in disarray. Rupert could come to their rescue too, but does he have to buy all 850 radio stations?

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.

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

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

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

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!

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

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

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

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

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.

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

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No, you didn't if that's your conclusion. But nice try, as always.

Here's the article I wanted to post earlier, from Media Life

http://www.medialifemagazine.com/com...s-iheartmedia/

Bain couldn't have picked a worse time to buy, just months before the stock market collapse in '08/ early '09.

You may or may not be a paid shill but you're most certainly a shill. Only a shill would write the partisan nonsense you do. That you may not be getting paid is likely due to the quality of your work.

So instead we should glean the truth from an offshore publication that relies on its story for such enlightening quotes as:

It said in a statement, “The strong performance of our operating business provides us with the flexibility to manage our capital structure in a prudent manner. In full compliance with our debt covenants, we continue to evaluate opportunities to strengthen our balance sheet. We believe our recent contribution of Clear Channel Outdoor Holdings, Inc. stock to our subsidiary Broader Media, LLC constituted a permitted investment under, and fully complied with, our financing agreements.” - See more at: http://www.radiotoday.com.au/news/wh....s4qCw0Df.dpuf

Press releases speak the truth as well as they speak in plain English. :rolleyes:

Sounds prudent and ethical.

Good choice of verb there. It definitely sounds. No one can deny that it sounds.

I would expect my post to characterized as "partisan nonsense" by someone who thinks that Bernie Sanders is electable. :p

You didn't like the fact that I posted a link to a non-US based publication? OK. To satisfy the jingoistic side of you, here's a link to the same story in a US based publication:

http://www.insideradio.com/free/cour...81e3d6fe0.html

And, oh my, it quotes from the same press release! ;). Do you really need someone to explain what the above quoted section of the press release means?

And by the way counselor, since it was a press release concerning the company's position about a financial move that is being contested in court, I have no doubt the language in that press release was reviewed, possibly written by, and approved by a member of your profession.

Oh my, yes; a trade publication is a much more objective and trustworthy source. And you know as well as I do that the press release means a little bit of nothing. "We didn't do anything wrong, we think."

But Don, if you wanted an objective critique of pederasty, wouldn't you go to NAMBLA?