Rush Limbaugh may be searching for a new corporate home.
Posted in the Richvale Forum
#1 May 7, 2013
Gawd let's hope so.
According to reports in Politico and the New York Daily News, the conservative talk show host is balking at claims made by Cumulus Media (CMLS -5.74%) CEO Lew Dickey that his controversial remarks about a law student have cost the Atlanta company millions in lost advertising revenue as sponsors fled his show.
Limbaugh, who last year called student Sandra Fluke a "slut" and a "prostitute" after she pressed lawmakers on federal funding of birth control, denies he is at fault. Instead, Limbaugh argues that Dickey is trying to blame him for the shortcomings of the sales force at WABC, Cumulus' flagship station in New York, the Daily News said.
The remarks about Fluke did hurt Cumulus' bottom line. As Politico noted, Dickey told analysts last year during an earnings conference call that the company's top three stations had lost $5.5 million because of Limbaugh, who later apologized to Fluke. Dickey reiterated that comment earlier this year when he spoke of the challenges created by Limbaugh's remarks for Cumulus, the largest independent radio station owner.
Perhaps Limbaugh's impact on Cumulus' earnings will be discussed tomorrow when the company reports its financial results. Wall Street analyst are expecting it to report a loss of 6 cents on revenue of $233.9 million. As Limbaugh knows, controversy sometimes doesn't hurt ratings, and the Fluke issue may have helped the show attract fans. Talkers, a trade publication, estimates Limbaugh's audience at more than 14 million, the most of any figure in talk radio.
"If he wants to stay on the radio, he certainly can," Harrison says, adding that if Limbaugh wanted to follow Glenn Beck and Howard Stern into alternative outlets, he could do that, too, and "bring a large segment of his audience with him."
Spokespeople for Cumulus and Limbaugh couldn't be reached. The company, which owns 525 stations in 110 cities, has a programming lineup that features conservative hosts such as Mike Huckabee, Geraldo Rivera and Michael Savage, along with gossip columnist Perez Hilton and shock jock Don Imus.
#2 May 7, 2013
Let us hope that Rushbo is on his way out...
But did you notice that the charlatan has got 14 million listeners...???
It is almost beyond belief....almost inconceivable to think that this great country harbors 14 million conservative crazies who hang on every word uttered by that lying windbag....
#3 May 9, 2013
That would be 14 million people who need lobotomies.
#4 May 9, 2013
Judging from their decreased cognition and detachment from normal society I would say it is the 14 million who already have been lobotomized....
#5 May 9, 2013
The silence from the righties about this issue is deafening!
This calls for a great big laughing out loud.
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