Rush Limbaugh is nearly singlehandedly destroying another corporation. Too bad for him it’s the one paying his exorbitant salary.
I wonder about Limbaugh and the thousands of his laid-off Clear Channel colleagues, because the dichotomy is striking: Last July, just months before the radio economy went into free-fall, Limbaugh’s bosses at Clear Channel, who enjoy deep ties to Texas Republicans and who have been at the forefront of promoting right-wing radio, rewarded the turbo-talker with the biggest contract in terrestrial radio history. The contract included an eye-popping 40 percent raise over his already gargantuan pay, despite the fact it’s doubtful any other radio competitors could have even matched Limbaugh’s old pay scale.
The astronomical worth of Limbaugh’s eight-year pact: $400 million. The amount of money Clear Channel execs have been trying to scrimp and save this year as they lay off thousands from the struggling company: $400 million. Ironic, don’t you think?
The simple truth is that Limbaugh lives in the lap of Clear Channel-backed luxury, while Clear Channel employees are being axed with abandon. And those who are lucky enough to keep their jobs are told to do the work of three or four employees.
[Click to continue reading Limbaugh’s living large while radio boss Clear Channel implodes | Media Matters for America]
Can’t really bemoan the fact that Clear Channel is in trouble: they have long been an opponent of both liberals, and music lovers. I’d be happy to see them fade into bankruptcy court, and oblivion.