Lemur
07-02-2008, 20:52
As anyone who checks Drudge knows, Limbaugh netted the biggest payday in radio ever. Details (http://www.drudgereport.com/flashrl.htm).
LIMBAUGH SIGNS THROUGH 2016; $400 MILLION DEAL SHATTERS BROADCAST RECORDS
Wed Jul 02 2008 09:02:18 ET
**Exclusive**
The American broadcast industry is rocked, realigned and blasted into a new orbit, yet again, by Rush Limbaugh, the DRUDGE REPORT has learned.
In what is being described as an unprecedented radio contract, Limbaugh will keep his syndicated show on-the-air and e-v-e-r-y-w-h-e-r-e through 2016 with CLEAR CHANNEL and PREMIERE RADIO.
Already host of the most lucrative hours since radio's inception, Limbaugh's total package is valued north of $400 million, according to media insiders.
The NEW YORK TIMES will claim this weekend that Limbaugh, marking 20 years this summer as a national host, has secured a 9-figure signing bonus for the new deal, newsroom sources tell DRUDGE.
MORE
In its controversial profile, the TIMES reports that Limbaugh is buying a new G550 jet and is making an estimated $38 million a year.
[The cover photo of the TIMES Sunday magazine depicts Limbaugh 'dark and sinister' in a theme of THE GODFATHER.]
While newspapers and traditional broadcast media are experiencing declining revenues, Limbaugh's golden microphone has turned diamond-laced:
Earnings now pace him ahead of the annual salaries for network news anchors: Katie Couric, Brian Williams, Charlie Gibson and Diane Sawyer — combined!
MORE
The deal represents a stunning triumph over the establishment by an outsider who connected with and captured the spirit of the nation's heartland.
Developing...
And here's the NYT Magazine piece (http://www.nytimes.com/2008/07/06/magazine/06Limbaugh-t.html?_r=1&pagewanted=print&oref=slogin) in its entirety. Only read the first few graphs, but it doesn't start off as a hit piece. Doubtless the evil bias will become clear if I read further.
So what do Orgahs think? Is this the just desserts of a genius who worked outside the system, or is this a classic case of media overpaying for an entertainer who is peaking?
LIMBAUGH SIGNS THROUGH 2016; $400 MILLION DEAL SHATTERS BROADCAST RECORDS
Wed Jul 02 2008 09:02:18 ET
**Exclusive**
The American broadcast industry is rocked, realigned and blasted into a new orbit, yet again, by Rush Limbaugh, the DRUDGE REPORT has learned.
In what is being described as an unprecedented radio contract, Limbaugh will keep his syndicated show on-the-air and e-v-e-r-y-w-h-e-r-e through 2016 with CLEAR CHANNEL and PREMIERE RADIO.
Already host of the most lucrative hours since radio's inception, Limbaugh's total package is valued north of $400 million, according to media insiders.
The NEW YORK TIMES will claim this weekend that Limbaugh, marking 20 years this summer as a national host, has secured a 9-figure signing bonus for the new deal, newsroom sources tell DRUDGE.
MORE
In its controversial profile, the TIMES reports that Limbaugh is buying a new G550 jet and is making an estimated $38 million a year.
[The cover photo of the TIMES Sunday magazine depicts Limbaugh 'dark and sinister' in a theme of THE GODFATHER.]
While newspapers and traditional broadcast media are experiencing declining revenues, Limbaugh's golden microphone has turned diamond-laced:
Earnings now pace him ahead of the annual salaries for network news anchors: Katie Couric, Brian Williams, Charlie Gibson and Diane Sawyer — combined!
MORE
The deal represents a stunning triumph over the establishment by an outsider who connected with and captured the spirit of the nation's heartland.
Developing...
And here's the NYT Magazine piece (http://www.nytimes.com/2008/07/06/magazine/06Limbaugh-t.html?_r=1&pagewanted=print&oref=slogin) in its entirety. Only read the first few graphs, but it doesn't start off as a hit piece. Doubtless the evil bias will become clear if I read further.
So what do Orgahs think? Is this the just desserts of a genius who worked outside the system, or is this a classic case of media overpaying for an entertainer who is peaking?