Mike Lindell Breaks Up With Fox, Marries His Company To Defamation Lawsuits

[Nevilledog]

Link to tweet

https://www.wonkette.com/mike-lindell-breaks-up-with-fox-marries-his-company-to-defamation-lawsuits

All is not well in Wingnutistan! Mike Lindell and his beloved Fox are SPLITSVILLE after the network refused to air ads for the Pillow Man's "cyber symposium" next month which will "prove" the election was stolen with his beloved PCAPS.

The Wall Street Journal was first to break the news that MyPillow would cease advertising on Fox immediately after the plug for his loonytunes confab was rejected.

"I am pulling everything!" Lindell shouted to Salon's Zachary Petrizzo, with whom he is basically obsessed. "Fox [News] denied the [cyber symposium] ad, and they based it on 'pending litigation.'"

Well, yes, they would do that. Like Lindell, Fox is already getting sued by Dominion Voting Systems and Smartmatic, and Fox execs are probably not so interested in giving airtime to a guy who publicly accuses the companies of breaking the law on the daily.

*snip*

[grumpyduck]

1. Wingnutistan!

[LetMyPeopleVote]

2. tucker lost his main advertiser

Link to tweet

[ProfessorGAC]

3. The Ads Must Be Cheap To Buy

Last edited Fri Jul 30, 2021, 03:43 PM - Edit history (1)

That pissant company doesn't have the cash flow to by 100 minutes a month of airtime in a single hour.
The total revenue, before major retailers sent him packing was only $152 million.
They have 1,500 employees (why, I don't know), so even at minimum wage that's >$50 million in compensation including fringes. That doesn't include executive pay, which I'm certain is not minimum wage.
With a debt to equity of nearly 5, there's almost $6 million in debt service.
Now add in costs of production, other than human overhead and we're easily up to a hundred million.
Now, add in the actual repayment of the $125 million in borrowed money.
We're down to a bit over $30 million before advertising & marketing. Then there's taxes.
The only way they afford 100 minutes of primetime advertising is if the cost per minute is small.

[zuul]

5. I still see Mein Pillow ads on CNN.

How does that crack head afford them?

[ProfessorGAC]

6. I Don't Know

With the loss of major retail distribution, there has to be a cash flow crunch in that minor company.
Where'd he get the money for Frank?
Where'd he get the money for those fantasy documentaries?
Somebody is propping him up.

[zuul]

7. Putin? I can't think of anyone else who would bother.

Your number-crunching is pretty impressive, by the way.

[zuul]

4. Womp womp!