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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (396017)	7/3/2008 12:45:50 PM
From: longnshort	Read Replies (1) \| Respond to of 1574070

Rush Limbaugh to get $38M a year for next 8 years Jul 3 07:32 AM US/Eastern Clear Channel in $ 400 million deal with Limbaugh: report Reuters, 11 hours ago. US interrogation methods borrowed from Chinese: NY Times AFP, 24 hours ago. Helmsley reportedly leaves $ 8B to canine care AP, 1 day ago. NEW YORK (AP) - Rush Limbaugh will make about $38 million a year to continue his radio show over the next eight years. In addition, he says will be getting a nine-figure signing bonus from Premiere Radio Networks. Premiere wouldn't disclose details of the deal but Limbaugh gave the information to The New York Times for an article to be published Sunday. Limbaugh's three-hour show, broadcast from his office in Florida, is heard on some 600 radio stations across the country. More than 14 million people listen to him at least once a week, according to Talkers magazine. Sean Hannity is second with more than 13 million listeners. "This is exactly where I want to be, doing what I was born to do, with an amazing audience and phenomenal support from affiliate stations and sponsors," Limbaugh said in a statement. "I'm having more fun than a human being should be allowed to have." He declined an interview request from The Associated Press. Limbaugh's "Operation Chaos" this year showed his continuing influence in political discourse. He urged his listeners to vote for Hillary Clinton to keep the Democratic nomination fight going in the hopes of hurting Barack Obama. Limbaugh, however, is no big fan of presumptive Republican nominee John McCain, even though he prefers him to Obama. Limbaugh, 57, said in January that if McCain were nominated "it's going to destroy the Republican Party." Keeping Limbaugh in the fold is crucial if radio is going to be competitive with the Internet and satellite radio, said Michael Harrison, publisher of Talkers. "It shows that there's a strong commitment on the part of one of the leading companies in our industry to remain viable for the next decade," he said. "If radio is going to continue and to survive it's got to do what it takes to keep its biggest players happy and exclusive to radio." Premiere Radio Networks, which is owned by Clear Channel Radio, is also partners with Limbaugh in "The Limbaugh Letter," a monthly newsletter, and the Web site RushLimbaugh.com. The company also syndicates "The Rush Limbaugh Morning Update," a 90-second commentary that airs Monday through Friday. Charlie Rahilly, Premiere president, said advertiser and affiliate demand for Limbaugh's show is at an all-time high. Despite the reported big price tag, Rahilly said: "It's a really rational decision ... It's great for Premiere and Clear Channel." He said there are new media opportunities that can make the deal more lucrative in the coming years. For example, the possibility of streaming Limbaugh material on demand on the computer, or making commentaries available on wireless devices, are potential future ways to raise revenue. Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.