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Support The DrudgeReport; Visit Our Advertisers  LIMBAUGH SIGNS THROUGH 2016; $400 MILLION DEAL SHATTERS BROADCAST RECORDS Wed Jul 02 2008 09:02:18 ET **Exclusive** The American broadcast industry is rocked, realigned and blasted into a new orbit, yet again, by Rush Limbaugh, the DRUDGE REPORT has learned. In what is being described as an unprecedented radio contract, Limbaugh will keep his syndicated show on-the-air and e-v-e-r-y-w-h-e-r-e through 2016 with CLEAR CHANNEL and PREMIERE RADIO. Already host of the most lucrative hours since radio's inception, Limbaugh's total package is valued north of $400 million, according to media insiders. The NEW YORK TIMES will claim this weekend that Limbaugh, marking 20 years this summer as a national host, has secured a 9-figure signing bonus for the new deal, newsroom sources tell DRUDGE. MORE In its controversial profile, the TIMES reports that Limbaugh is buying a new G550 jet and is making an estimated $38 million a year. 
[The cover photo of the TIMES Sunday magazine depicts Limbaugh 'dark and sinister' in a theme of THE GODFATHER.] While newspapers and traditional broadcast media are experiencing declining revenues, Limbaugh's golden microphone has turned diamond-laced: Earnings now pace him ahead of the annual salaries for network news anchors: Katie Couric, Brian Williams, Charlie Gibson and Diane Sawyer ? combined! MORE The deal represents a stunning triumph over the establishment by an outsider who connected with and captured the spirit of the nation's heartland. Developing... |
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