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View Diary: Rush Limbaugh is going down – here's the proof (73 comments)

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  •  Limbaugh has a contract (0+ / 0-)

    His contract is for $400 million, for eight years, and i believe it doesn't end until 2017 (although it may be 2016). He's worth a billion or so, and i don't think he's too worried as long as the money keeps coming in.

    The pressure, of course, is on those who pay the big bucks for his show. Those contracts are much shorter term; i think one to three years is more likely.

    Thus, as more contracts are up over the next year or so, those radio stations will have to decide whether to keep Limbaugh, or cut their losses.

    It would be nice if we could bring more financial pressure directly on Rush. But i can guarantee he is feeling pressure from the perspective of keeping his network together.

    I expect whatever happens in the company that syndicates Rush (maybe short of vulture capital-induced bankruptcy), Rush will just consider that so long as they don't violate the contract with him, it is all just capitalism. And NOT violating the contract could include a possible buyout, which might likewise be lucrative for him (depending on the terms). Of course if a crash does come and they don't make good, it will be interesting to see how Limbaugh reacts.

    Follow me on Twitter: @denverunionguy

    by Richard Myers on Wed Aug 15, 2012 at 08:52:57 PM PDT

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