Mike Lindell is begging Fox News to start airing his ads again -- but the network is refusing

[zuul]

https://www.rawstory.com/mike-lindell-fox-news-2655048724/

MyPillow CEO Mike Lindell angrily pulled all of his ads off Fox News earlier this year after the cable news network refused to air ads that claimed to prove "voter fraud" in the 2020 presidential election.

However, The Daily Beast reports that Lindell has been trying to reach a deal to get MyPillow ads back up on Fox -- but the network so far has refused to budge. In fact, the publication writes that Fox News has rejected Lindell's ads "multiple times, including as recently as this past Monday and Wednesday."

Lindell has been trying to get Fox to air ads about his "FrankSpeech" social media platform, but the network has been rejecting them because the ads also promoted Lindell's "Cyber Symposium" election conspiracy conference.

Lindell said that he agreed to cut out any reference to election conspiracies from the ads -- but Fox still wouldn't air them.

[PSPS]

1. Lindell's been out of money for a long time and his creditors are hounding him.

[ProfessorGAC]

2. So Who's Paying For Everything

His revenues are down almost 35%.
His company's margins EBITA were only 32%. (Maybe) That means $150 million in revenue is down to $98 million.
Total cost, including interest & administrative overhead, was $102 million.
This leaves less than nothing to make principal payments.
I know his claim of a $300 million net worth is a lie by a factor of at least 12.
So, where's the money coming from for the social media platform for morons, the fake symposium, and the "tour" nobody attends?
This appears to be dark money on steroids, with a buffoon as frontman.

[Tomconroy]

4. Top notch reply!

[ProfessorGAC]

11. Two More Nuggets For You

1. The debt:equity of his "industry titan" outfit is almost 5. The average in household goods companies is .85. Nobody is going to lend him any more money.
2. This crummy little company employs 1,500 people.
A). First, this is only $100,000 in revenue per employee. That's incredibly low. (The company from which I retired had revenues of just under $4 billion, with under 1,800 employees world wide. About $2.2 million in revenue per employee.)
B). At the high end of the industry, compensation is 44% of expenses. In this case, $45 million. For 1,500 people. This "job creator" pays his people an average of $30,000 TOTAL compensation. And, I'm quite certain that he and his top lieutenants aren't making 30k per year. This "titan of industry" is paying manufacturing employees no more than $12 an hour.
He's a drug addict, a nut, and a crappy businessman.

[spanone]

3. You know you're low-life when faux refuses your money

[Norbert]

7. Faux expects to be paid for the spots.

They are probably looking at the numbers with sober eyes.

[kskiska]

5. Right-wing radio is still supporting him

and one show in particular, Mike Gallagher, hawks him constantly, offering discounts on his products if you punch in the code. It would seem this market is totally saturated. How much of it can anyone possibly buy?

[pwb]

6. I bought one and it turned yellow fast.

This was before he started ruining his business with his views.

[texasfiddler]

8. That is because he pissed you off.

Sorry couldn't resist.

[PSPS]

10. That's because their ad slots are very cheap (or free in some cases.)

The audience and its demographic make slots on such shows very cheap and often a free toss-in on a larger buy. Also, many such radio shows are pre-paid slots of airtime (i.e., a hobby/vanity show) where the "host" buys the entire block of time themselves and gets whatever they can for their "slots." I've heard a few just ask listeners to donate to their gofundme "to keep this show on the air." This last example is kind of funny because I heard one actually boast that the number of their listeners "has gone up a whopping fifty percent!!!11!" They went on to completely humiliate themselves by quoting actual numbers: this guy said his numbers went from 12 to 18 listeners! LOL. He was totally serious too. Yes, the station carrying the show pays a survey company to track all of their airtime (a must have when selling commercial air time) and these shows are always included. So the numbers were legit.

[ProfessorGAC]

13. The Discounts

There is an epic cash crunch at that company.
Losing several major retail buyers has crushed revenues to below budgeted expenses.
The change in volume has made existing inventory an untenable expenses. So, they have to shed excess inventory for the added cash.
Hence, deep discounts are promoted as a good thing, when they're really the dying wheeze of a poorly managed company.

[captain queeg]

9. Sounds like he squandered his fortune in homage to the bloated orange POS

And is learning the lesson that all trump supporters finally do, TFG cares for no one but himself. He’s bankrupted the guy and now he’s being ignored.

[BlueIdaho]

12. Bury this son of a bitch

And then bury the shovel you used to bury him.