General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRush Limbaugh hit where it hurts: World’s greatest troll faces steep pay cut
The shock jock inked a whopping $400-million deal in 2008. It will go down as one of the worst contracts in historyThis article originally appeared on Media Matters.
One of the favorite pastimes for sports fans is commiserating over the worst contract their home team ever made; guffawing over managements decision to waste tens of millions of dollars for a player who never justified the huge payday. (See: Gilbert Arenas.)
For talk radio, theres probably only one contract that enters that realm of notoriety: Rush Limbaughs eight-year, $400-million deal, signed in the summer of 2008 with his longtime radio employer Premiere Radio Networks.
Owned by Clear Channel Communications, which has since changed its name to iHeartRadio, Premieres Limbaugh deal instantly dwarfed any payout in AM/FM history. (Only Howard Sterns contract with Sirius was larger.) The contract, which included a staggering $100 million signing bonus, never panned out as the wheels began to come off Limbaughs radio empire.
This year, his contract is up and the timing couldnt be worse. The talker is facing ratings hurdles, aging demographics, and an advertising community that increasingly views him as toxic, thanks in part to his days-long sexist meltdown over Sandra Fluke in 2012. (Hes also stumbling through the GOP primary season.)
http://www.salon.com/2016/04/14/rush_limbaugh_hit_where_it_hurts_worlds_greatest_troll_faces_steep_pay_cut_partner/
navarth
(5,927 posts)that the jerks who paid him got fucked. Limbaugh won't care, he'll grab some oxycontin, viagra and head to one of his sex slave countries.
Even if he gets a 90% pay cut, that's still $40 million over 8 years instead of $400 million. I'd love to be able to take a 90% pay cut and still make $5 million/year. I'm sure 99.99% of the rest of us wouldn't mind, either.
hfojvt
(37,573 posts)heck, even $400,000 - there is no way I would still be working now.
He cannot possibly need the money, and it is irrational to even want the money given what he has already made and likely already has. If he keeps doing it, it must be because he really likes doing it. But you have to do something with your time. I spend several hours every day doing genealogical research and I do not get paid bupkus for it.
I think it would be awesome to be paid even $20,000 a year to do something that you like doing.
liberalmike27
(2,479 posts)After being in the business for 30 or so years, I'm sure he's all upset. He could go on permanent vacation now, and still have most of his money left, when he dies.
Hortensis
(58,785 posts)the last time I heard Rush quoted anywhere I've been, even for a laugh. We don't have cable, so I've probably missed stuff there -- but! The last piece I specifically remember listening to was a woe-is-us-losers piece describing himself as being exiled to a lonely island after Obama was reelected in 2012.
That this GOP/Big Money hack is a has-been and has been for some time must be just another indicator among many of the shift of national sympathy and power away from them. Even the ditto-heads have lost their enthuasism for parroting what they were peddling.
Maru Kitteh
(28,341 posts)Nobody seems much to care anymore. That probably upsets him more than the money. And it's awesome.
Hortensis
(58,785 posts)what hurts the most. Good. I remember how powerful he once was, meeting regularly with GOP leaders and respresentatives from people like the Kochs to plan the right wing assault on the American psyche.
TipTok
(2,474 posts)Dustlawyer
(10,495 posts)The Republican Party was practically run by him for awhile, now he is the butt end of the joke! I can take a large measure of satisfaction from that!
certainot
(9,090 posts)best weapon he's been worth trillions in selling war, deregulation, tax breaks for billionaires, and most importantly, decades of obstruction on global warming action benefitting the fossil fuels industry.
he was vastly underpaid for what he's been able to do, turning the party of lincoln into the party of limbaugh/trump
i suppose he was paid with advertising dollars so they got most of that FREE, aside from the tax write off think tanks that fed and coordinated the 1200 talk stations in that CIA style psyops.
absurdly, 268 limbaugh stations probably wouldn't survive long, and the whole rw radio monopoly with it, if students at these 90 major universities told those rw radio stations you can't use those sports logos anymore to sell that racism sexism and global warming denial.
and money in politics?
at a cheap $1000/hr x 15hrs/day x 1200 stations, rw talk radio is worth 4.68 BIL$/ year or 390MIL$ /month FREE for pro republican wall st think tank propaganda and swiftboating and it's been doing that for 25 years, with limbaugh as point man.
so i'd say he was a steal, he should be suing wall st. and the gop
lpbk2713
(42,759 posts)As long as he has enough money aside to fly his jet to the
Dominican Republic for fun filled weekends with Dr Viagra.
Rebkeh
(2,450 posts)elljay
(1,178 posts)This is the opportunity to break up the hold of right- wing radio and change the way much of this country thinks. Where are the liberal billionaires?
Duppers
(28,125 posts)Wish there were more liberal channels and stations.
chknltl
(10,558 posts)Stephanie Miller, a left-wing radio host (as well as a host on Free Speech TV) railed against the boycotts Rush brought down upon himself. Those boycotts, according to Miller had long coatails.
Ad agencies representing boycotted products cut their losses across the board. While Rush was taking a beating, smaller politically oriented talk radio hosts, (both on the left and on the right) were being devastated accdg to Miller.
So who will pick up stations that drop Rush? Odds are it will be switched from political talk radio to sports or music before it gets picked up by someone who switches it to talks with Thom Hartmann, Norman Goldman, Stephanie Miller, Amy Goodman Mike Papantonio and etc.
homegirl
(1,429 posts)"who will pick up stations that drop Rush? Odds are it will be switched from political talk radio to sports or music before it gets picked up by someone who switches it to talks with Thom Hartmann, Norman Goldman, Stephanie Miller, Amy Goodman Mike Papantonio and etc."
chknltl
(10,558 posts)...but i pointed out that there will likely be less instead. Until a few years ago we had Progressive AM 1090 in Seattle. It now airs sports talk 24/7 and as far as I know Seattle is a desert when it comes to left-wing talk radio. I've heard this is now true for a lot of major cities up and down the west coast.
Some might argue this is due to MSM wanting to control the radio waves-to squelch free thinking. Stephanie Miller is essentially saying that something else is going on, that as Rush tumbles the entire political talk radio market tumbles too. Accdg to Miller, the phenomenon may have been linked more to the boycotts than to Rush himself.
Rush brought in $$ through advertising to stations who aired his program, lesser known political talk jocks, (left or right), brought in less. As we boycotted Rush's advertisers the lesser guys took the hit too. As advertisers dropped off revenues dropped off to those stations and we wound up losing those station to sports and music.
Stephanie Miller would argue here that the odds are pretty poor that Limbaugh will get replaced by anyone doing political talk radio regardless of left or right leaning background.
elljay
(1,178 posts)But not the whole story. The liberal station in SF was owned by Clean Channel (now iHeart) I believe. They hanged the progressive programming to far right before the last Presidential election, no doubt because the Bay Area is such a hotbed of conservatism.... Their ratings were much worse after the change but they kept merrily on. I'm not sure it was ever intended to make a profit. I think it was just a propaganda cost in the right wing budget.
Arugula Latte
(50,566 posts)hate radio off the airwaves.
PFunk1
(185 posts)kinda hard to find but with the new streaming tech now available it's becoming more viable. Unfortunately right wing talk is also doing the same but in less numbers (and with less success).
But yeah the way it's going they'll be no talk radio on the air.
mdbl
(4,973 posts)They will replace him with michael wiener or beck.
certainot
(9,090 posts)any competition, like 20% truth and liberal, would have destroyed the limbaugh and sons ability to sell big lies for the koch ALEC think tanks. they've kept it at 95% - 5% or so, so they've been able to sell turds on a stick, and then fox puts a little visual icing on it.
when the rw monopoly starts falling apart, and it could have happened a lot sooner if the left had just stopped ignoring it, there will be stations finding out that liberal radio always was competitive if given the chance - there is a market for it, just like there was for brunch with bernie on the hartmann show
packman
(16,296 posts)I got mine, I screwed you in getting it, and I don't give a damn about any collateral damage I did or am doing to other people's lives in getting what I wanted.
kairos12
(12,862 posts)If you don't mind I would like to borrow it to use on my obnoxious Red State zombies.
Ford_Prefect
(7,901 posts)I got mine, I screwed you in getting it, and I don't give a damn about any collateral damage I did or am doing to other people's lives in getting what I wanted.
bullwinkle428
(20,629 posts)And his slack-jawed, drooling followers will believe every single word of that theory!
FighttheFuture
(1,313 posts)Spitfire of ATJ
(32,723 posts)KamaAina
(78,249 posts)Arugula Latte
(50,566 posts)BumRushDaShow
(129,123 posts)sorefeet
(1,241 posts)a couple years ago. Rush milked them for everything he could and he know it's over. He would never take a pay cut because of his ego, so he will retire. He will slowly fade away.
tencats
(567 posts)Old-School Talk Radio Is Still Big Enough to Break Candidates
Now, more than a decade and another Democratic president later, Limbaugh and companys audiences have only grown and become more devoted listeners. Whats more, those early audiences are now part of the demographic thats most likely to vote in Congressional and primary races.
Thats why, Rosenwald says, the impact of talk radio on electoral politics is sort of like an inverted pyramid. At the widest part of the pyramid, the general presidential election, radio is sometimes drowned out by the cacophony of noise and advertising on television and online.
But as you move down the pyramid to the primaries, local hosts like the ones in Wisconsin can have more of an impact, because they have the freedom to talk at length about the upcoming races in their state and only their state. That kind of narrow coverage becomes a tougher sell on cable news or national radio, because those hosts have to accommodate a national audience. The impact is even more deeply felt, Rosenwald says, at the Congressional level.
http://www.wired.com/2016/04/conservative-talk-radio-survived-social-media-age/
Yupster
(14,308 posts)Can Anyone enlighten me?
underpants
(182,832 posts)I catch his show if I run errands at lunch.
*Lifelock has to be at least the fourth data security company that's "the only one I trust".
Can't remember the tractor manufacturer but it's not one most people would recognize.
The bedsheets are the "finest organic (he almost chokes when saying that word) bedsheets. Retail at $100+ but sell for $40 on his show.
The new one (heard it for the first time today) is a professional speaker training program that will TRAIN YOU TO MAKE HUGE AMOUNTS PER SPEECH - has scam written all over it.
nikto
(3,284 posts)A fine Company, of India.
Apparently, in the red-white & blue heartland, American tractors suck.
underpants
(182,832 posts)Big corp taking advantage of low ad rates.
Initech
(100,081 posts)I read somewhere that their CEO posted his social security number online and they and they got hacked and lost something like $2000 in less than 5 hours.
Maru Kitteh
(28,341 posts)And yeah, needless to say . . . . it didn't end well.
Initech
(100,081 posts)Major Nikon
(36,827 posts)dicksmc3
(262 posts)This biggot needs to stand in the bread line. He is So toxic his advertisers are finally getting the message he's an asshole!!
houston16revival
(953 posts)Is he any better at juggling than Denny Hastert?
2naSalit
(86,650 posts)Panama Papers (and any equivalent leaks/info) for your answer.
Bodych
(133 posts)...for millions of us.
I live in a big city with dozens of radio stations, and I no longer listen to any of them, since Willard's company killed progressive radio.
So kudos to all of them. There's only one winner, and that's the troll himself, who laughed all the way to the bank...in the Dominican Republic...with his Viagra.
keithbvadu2
(36,829 posts)his child prostitution resort areas.
PatrickforO
(14,578 posts)I'd rather have enough, and have the rest of the people in this country and on this earth also have enough. I'd rather have us rethink the way we organize our society along the lines of human need instead of human greed.
Capitalism SUCKS. It really does. It is a cancer that has made our world a place of scarcity and want. Reorganize around human need and we will have a world that is a good, gentle, kind and loving place to live.
robertgodardfromnj
(67 posts)I hope he goes bankrupt very soon. Pathetic, old, obese gasbag.
DisgustipatedinCA
(12,530 posts)Major Hogwash
(17,656 posts)There is no single person, nor any subject too miniscule, that Rush won't comment on, and say something absolutely vile, disgusting, and completely untrue.
For an entire generation of listeners, he is "the one", the guy they get their political headings from.
He is their guru.
And for the last 28 years he has been pointing in the wrong direction like a broken compass on a national stage.
No one other person deserves more of the blame for the sheer outlandish bullshit that Rush has promoted on his radio program for the last 3 decades.
When he dies, there will be a mad dash to replace the huge void that he will leave in his followers' hearts and minds.
Califonz
(465 posts)His $400 million salary is chicken feed to the elites. Brainwashing just a few percent of low-information voters into voting against their own best interests paid off handsomely for the right wing at election time.
Gothmog
(145,323 posts)The boycott of Rush's advertisers has been somewhat effective
Nitram
(22,822 posts)And this hurts right where it counts. He's no longer the top dog GOP kingmaking poobah. Remember how Republicans ended up apologizing publicly when they criticized him? Won't happen again. Rush will sink into an oxycontin fog and never come back up.