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csziggy

(34,136 posts)
6. Maybe he just wants out of his contract but doesn't want to pay the penalty?
Sun Mar 4, 2012, 05:05 PM
Mar 2012

I posted in another thread that he has 4 years left on his contract with Clear Channel:

Rush Limbaugh is one of the most popular and highly compensated radio talk show hosts in the world with a net worth estimated at $300 million and an annual salary north of $40 million.

That’s right folks, controversy pays. After stints in Pittsburgh (where he went by the name Jeff Christie), Kansas City and Sacramento, the big man went national in 1988. Today he is a majority owner of his radio show, which receives over 14 million listeners per week. That’s down a tad from the peak of 20 million listeners in 2003, but it was enough to get Limbaugh a $400 million 8-year contract with Clear Channel that began in 2008.
http://www.celebritynetworth.com/richest-celebrities/rush-limbaugh-net-worth/


If he loses all his advertisers, Clear Channel may decide to remove him from the air. They would probably have to buy out his contract or continue paying him his $40 million per year.

If he just stopped his show, he'd be the one who'd have to cough up a lot of money.
Latest Discussions»General Discussion»Is Limbaugh committing &q...»Reply #6