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Drugbo Becomes Irrelevant

Once the biggest name in conservative Talk, Rush Limbaugh, and the Radio Network which spawned and distributed him to all major markets are on the way out.  The former “Clear Channel”, which gobbled up stations across the country to promote and foster conservative talk radio principally on AM Stations is near Bankruptcy.

Going to have to pawn the Gold Mike…And get a plastic one!

Rush Limbaugh hit where it hurts: World’s greatest troll faces steep pay cut

The shock jock inked a whopping $400-million deal in 2008. It will go down as one of the worst contracts in history

One of the favorite pastimes for sports fans is commiserating over the worst contract their home team ever made; guffawing over management’s decision to waste tens of millions of dollars for a player who never justified the huge payday. (See: Gilbert Arenas.)

For talk radio, there’s probably only one contract that enters that realm of notoriety: Rush Limbaugh’s eight-year, $400-million deal, signed in the summer of 2008 with his longtime radio employer Premiere Radio Networks.

Owned by Clear Channel Communications, which has since changed its name to iHeartRadio, Premiere’s Limbaugh deal instantly dwarfed any payout in AM/FM history. (Only Howard Stern’s contract with Sirius was larger.) The contract, which included a staggering $100 million signing bonus, never panned out as the wheels began to come off Limbaugh’s radio empire.

This year, his contract is up and the timing couldn’t be worse. The talker is facing ratings hurdles, aging demographics, and an advertising community that increasingly views him as toxic, thanks in part to his days-long sexist meltdown over Sandra Fluke in 2012. (He’s also stumbling through the GOP primary season.)

Concurrently, iHeartRadio’s parent company, iHeartMedia, is heading to court, teetering on bankruptcy. The once-dominant radio behemoth is saddled with $20 billion in debt, thanks to a misguided leveraged takeover engineered by Bain Capital in 2008, the same year the radio giant inked its disastrous Limbaugh deal.

Today those two defining missteps from the past are crossing paths, which means Limbaugh’s radio future has never looked less bright. This, as Limbaugh passes his 65th birthday, which seems to mirror his audience’s age.

“Who would even want someone whose audience is aging and is considered toxic to many advertisers,” asked RadioInsight last year.

Some industry insiders are wondering if his AM days are over and if Limbaugh’s futures rest with satellite radio, where advertiser indifference wouldn’t penalize him. The problem? His audience is so old. “With the aging and decline of Limbaugh’s audience, Sirius may not be as viable an option as it once was,” Darryl Parks tells Media Matters. A former talk radio host, programmer, and self-identified Republican, Parks writes about the industry at DarrylParksBlog.

Indeed, the conservative talk radio format has morphed into the Classic Rock of talk; super-serving the same aging demo for the last twenty-plus years.

“Everything needs to evolve, but stations, conservative talk hosts and programmers have decided to double down and focus on the aging Baby Boomers,” says Parks. “When a group is no longer appealing to advertisers, that spells the end of any radio format.”

The former Clear Channel network owns 850 radio stations across the country and the syndication rights to right-wing stars such as Limbaugh, Glenn Beck and Sean Hannity.

During the late 1990s and early 2000s the company, feasting on the fruits of media deregulation, gorged itself with profits. (It also bullied the music business for years.)

Since then, not so much. And what a brutal ride it’s been for investors:

Clear Channel stock price, January 2000: $90.

Clear Channel stock value, April 2007: $39.

iHeartMedia stock price, July 2011: $8.30.

iHeartMedia stock price at close of yesterday: $1.15.

The company hasn’t reported a profit since 2007. Today, iHeartMedia is busy selling off assets in an effort to shore up its bottom line. “It’s a case of burning your sofa to heat up the house,” Philip Brendel, a credit analyst recently told Bloomberg. “It’s not necessarily a good idea but you’re running out of options.”…More Good News Here

 
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Posted by on April 14, 2016 in Faux News

 

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Inhofe Unloads on Rush Limbaugh

Earlier this week Drugbo took Obama to task for sending 100 US Advisors to Uganda to combat the Lords Resistance Army. Drugbo characterized the intervention as a “war”, and accused President Obama of killing “christians”. The LRA is not Christian – they are mass murderers, child rapists, and criminals. Here is Limbaugh defending them…

Racism will make you stupid.

Now, up until today, most Americans have never heard of the combat Lord’s Resistance Army. And here we are at war with them. Have you ever heard of Lord’s Resistance Army, Dawn? How about you, Brian? Snerdley, have you? You never heard of Lord’s Resistance Army? Well, proves my contention, most Americans have never heard of it, and here we are at war with them. Lord’s Resistance Army are Christians. It means God. I was only kidding. Lord’s Resistance Army are Christians. They are fighting the Muslims in Sudan. And Obama has sent troops, United States troops to remove them from the battlefield, which means kill them. That’s what the lingo means, “to help regional forces remove from the battlefield,” meaning capture or kill. […]

Lord’s Resistance Army objectives. I have them here. “To remove dictatorship and stop the oppression of our people.” Now, again Lord’s Resistance Army is who Obama sent troops to help nations wipe out. The objectives of the Lord’s Resistance Army, what they’re trying to accomplish with their military action in these countries is the following: “To remove dictatorship and stop the oppression of our people; to fight for the immediate restoration of the competitive multiparty democracy in Uganda; to see an end to gross violation of human rights and dignity of Ugandans; to ensure the restoration of peace and security in Uganda, to ensure unity, sovereignty, and economic prosperity beneficial to all Ugandans, and to bring to an end the repressive policy of deliberate marginalization of groups of people who may not agree with the LRA ideology.” Those are the objectives of the group that we are fighting, or who are being fought and we are joining in the effort to remove them from the battlefield.

Senator Inhofe (R-Oklahoma) sets (a small part of) the record straight on the “Lords Resistance Army”…

 

 

 
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Posted by on October 18, 2011 in Faux News, Stupid Tea Bagger Tricks

 

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Conservative Talking Heads Brutally Attack 11 Year Old Boy

Marcelas Owens, whose mother got sick, lost her job, lost her health insurance and died is now the target of conservative hate radio.

State of the health care debate: Talk radio attacks an 11-year old

 
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Posted by on March 19, 2010 in Stupid Republican Tricks

 

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Steven A. Smith Defends Drugbo

Of course – this is the same Steven A. Smith who blamed the lack of support from black folks for his firing by ESPN .

Steven gets no respect from the fans

After this, I don’t think he is going to get much from the NFL Players, either – which can be a career limiting choice for someone in the business of Sportscasting.

In  the meantime – Executive Director in the NFL Player’ Union, DeMaurice Smith sent a letter opposing Limbaugh’s ownership of an NFL Franhise.

I’ve spoken to the Commissioner [Roger Goodell] and I understand that this ownership consideration is in the early stages. But sport in America is at its best when it unifies, gives all of us reason to cheer, and when it transcends. Our sport does exactly that when it overcomes division and rejects discrimination and hatred.
” — DeMaurice Smith, in e-mail to union’s executive committee

ESPN reports –  “Among the half-dozen interested buyers of the Rams, there are strong African-American ownership groups interested in buying the Rams, including businessmen Donald Watkins and Dave Steward.”

 
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Posted by on October 12, 2009 in Stupid Republican Tricks

 

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Black NFL Players – Take Your Stinkin’ Cigar and Stuff it, Drugbo!

The Rams - Team a bit paler if Limbaugh buys it?

The Rams - Team a bit paler if Limbaugh buys it?

Black NFL players crush prospect of playing for a Rush Limbaugh-owned St. Louis Rams

Mathias Kiwanuka loves his former defensive coordinator Steve Spagnuolo, but the Giants’ defensive end says he will never play for Spagnuolo’s Rams if Rush Limbaugh purchases the team.

Kiwanuka and the Jets’ Bart Scott made it clear Thursday that they would never play for the Rams or any team owned by the controversial conservative radio host.

“All I know is from the last comment I heard, he said in (President) Obama’s America, white kids are getting beat up on the bus while black kids are chanting ‘right on,'” Kiwanuka told The Daily News. “I mean, I don’t want anything to do with a team that he has any part of. He can do whatever he wants, it is a free country. But if it goes through, I can tell you where I am not going to play.”

“I am not going to draw a conclusion from a person off of one comment, but when it is time after time after time and there’s a consistent pattern of disrespect and just a complete misunderstanding of an entire culture that I am a part of, I can’t respect him as a man.” Read the rest of this entry »

 
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Posted by on October 9, 2009 in The Post-Racial Life

 

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Drugbo Bids to Buy NFL Team

limbaugh_oxycontinLimbaugh Confirms Rams Bid

Radio talk show host Rush Limbaugh confirmed reports that he is among the bidders to purchase the St. Louis Rams.

“Dave Checketts and I have made a bid to buy the Rams and we are continuing the process,” Limbaugh said in a written statement, according to the Associated Press.

CBS first reported Sunday that Checketts, the chairman of hockey’s St. Louis Blues, and Limbaugh were among the bidders.

There have been similar reports since then.

According to the AP, Limbaugh said in his statement that he and Checketts would operate the team if their bid is successful but he declined to name other investors and refused to discuss other details, citing a confidentiality agreement with Goldman Sachs, the investment firm reviewing the assets of the estate of former Rams owner Georgia Frontiere for her family.

Well – that won’t leave the rest of the league’s left side linebackers and safeties with much to do…

The Rams will always be running to the right.

The league supposedly has a “substance abuse” policy. Having an Oxycontin addict own a team…

Really is going to make that worth the paper it’s printed on.

 
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Posted by on October 6, 2009 in News

 

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Bill O’Reilly Not Feelin’ Jay-Z’s New Song

Oh My!First Lou Dobbs discovers black folks actually use silverware to eat on a trip to Sylvia’s in Harlem

And now, Bill O’Reilly discovers Hip Hop!

Vodpod videos no longer available.

Of course the last attempt at Hip-Hop by a conservative…

Didn’t turn out so well…


 
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Posted by on August 25, 2009 in The Post-Racial Life

 

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