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Limbaugh gets $400 Million

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BigDaddy44 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-02-08 08:34 AM
Original message
Limbaugh gets $400 Million
He has evidently signed a new contract through 2016 which includes a 9 figure signing bonus. The link is on the Drudgereport with the big siren. (Yes, its Drudge, I know, but given how he is "in" in right wing circles, I would assume this to be true)

I think (but could be wrong) that Obama's insistence that he doesn't support the Fairness Doctrine might have put this deal over the top. If the Fairness Doctrine DID come back, all bets would be off, and no one would be signing a long term deal like this until they saw what the ramifications would be.
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Bluzmann57 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-02-08 08:40 AM
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1. Boy that'll buy a lot of oxycontin.
Not to mention Viagra and trips to the Dominican Republic.
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lpbk2713 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-02-08 08:42 AM
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2. Add to it the slush money he gets from Big Oil, Telecomms, Pharma, et al...

for being their highest paid spokesman and he ought to be sitting pretty. I hope the lying hatemongering SOB gets ulcers worrying about what to do with all that money and how to keep it.

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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-02-08 08:47 AM
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3. Fairness Never Had Anything To Do With It
In several ways. The misconception that Rushbo the "entertainer" would have been covered by the Fairness Doctrine. That only pertained to public affairs programming and advertising...Rushbo's handlers re-defined talk radio from public service to "entertainment" and thus hate radio was born. It was Deregulation that allowed companies like Cheap Channel and Salem to amass thousands of stations that accelerated the growth of hate radio. Rushbo saved stations lots of money as all they had to do was plug into the satellite rather than hire their own talent...and the saturation of his program has led to the perception that he's a big money essence he isn't.

The current move by repugnicans for preventing a new Fairness Doctrine is a black flag operation to prevent re-regulation of broadcasting...something that is badly needed. Their "bill" would prohibit stations from changing formats or even ownership if it meant removing assclowns like Rushbo from the air and opening it up for other voices.

Here's hoping Rushbo is getting paid in stock from these companies...the financial woes of radio have made these stocks all but worthless.
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eddie01 Donating Member (12 posts) Send PM | Profile | Ignore Wed Jul-02-08 10:04 AM
Response to Reply #3
4. Fairness
I don't understand why the fairness doctrine only applies to and focuses on radio. It should be broadened to apply to any form of broadcast including networks, cable outlets, all print media and the internet to be "fair".

Also, if broadcasters are required to air opposing points of view via equal time, the stations would necessarily lose advertising revenue, their life blood.

Again why the focus on radio? There are significant outlets for all political speech and as far as I know you can't force people who disagree with you to listen to you.

So is the idea to destroy talk radio? ...and isn't that then a direct attack on free speech. ...and wouldn't we consider that highly offensive if we had a Rush Limbaugh.

Help me out here? I see the fairness Doctrine as facist if it only applies to Radio, where our message is unpopular due to demographics. It needs to be across the board or not at all.
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