DRUDGEREPORT: Limbaugh Signs $400M Deal
Posted by: Editorial Staff | 07/02/2008 12:29 PM
One of our favorite radio talk show hosts signs a record radio deal and according to the NY Times magazine, is looking to buy a new G550 jet. Now that's a carbon footprint!
LIMBAUGH SIGNS THROUGH 2016; $400 MILLION DEAL SHATTERS BROADCAST RECORDS
Wed Jul 02 2008 09:02:18 ET
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.
In its controversial profile, the TIMES reports that Limbaugh is buying a new G550 jet and is making an estimated $38 million a year.
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!
The deal represents a stunning triumph over the establishment by an outsider who connected with and captured the spirit of the nation's heartland.
Isn't Howard Stern's contract larger? Granted, it's hard to believe such a small fringe group is able to support such a contract but Clear Channel needs a mouthpiece now that the GOP is losing the White House.