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View Diary: Interest Skyrockets on Clear Channel Debt, StopRush Marches On (41 comments)

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  •  Yes, but unfortunately he did manage (5+ / 0-)

    to make a fortune doing it.

    “The future depends entirely on what each of us does every day.” Gloria Steinem

    by ahumbleopinion on Wed May 22, 2013 at 06:58:37 AM PDT

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    •  15 Hours of Air Time Per Week for $1 Million a Wk (1+ / 0-)
      Recommended by:

      $52 million a year, that's the limp one's income. Even at that pitiful level (Beck made $84 million last year) it does add up year after year.

      A guess: When his contract ends he'll be re-hired at a straight percentage of income (to Clear Channel), which would mean a big cut. It will be announced as a big raise.

      Hate radio began when FM, with its better quality signal (better for music) took over and AM stations began going dark.

      Sports talk and hate talk saved many of them.

      Then in some areas there arose so much competition in FM signals, and so much crossownership (one company owning a bunch of AM and FM stations in a single market) that some of the talkers were put on FM.

      Talk is cheap (for TV and radio). Gullible small business types buy advertising on hate radio (and sports radio) so income can be okay.

      But small businesses are hurting because the politicians and economic philosophy they supported decimated their customer base. This was small business suicide, and it hurt incomes to hate radio.

      Rush is old and very rich, and he may retire, but my guess is that his ego will keep him around. If he starts getting paid at half his current salary (making it $500,000 a week, or $33,333 per air hour) he may pop out some books, etc. to feed the ego.

      A Southerner in Yankeeland

      To save your life read "Pity The Billionaire" by Thomas Frank, and "Winner-Take-All-Politics" by Jacob S. Hacker and Paul Pierson. Then read more books.

      by A Southerner in Yankeeland on Wed May 22, 2013 at 09:54:53 AM PDT

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