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View Diary: Rush Limbaugh's downward spiral promises to accelerate (173 comments)

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  •  Limbaugh may survive Clear Channel's bankruptcy, (1+ / 0-)
    Recommended by:
    elwior

    but won't that mean hundreds of radio stations throughout the country will no longer be owned by a radical rightwing outfit?

    The influence of the [executive] has increased, is increasing, and ought to be diminished.

    by lysias on Wed Jul 25, 2012 at 11:33:19 AM PDT

    •  Prospects of a Clear Channel bankruptcy (6+ / 0-)

      I think there is a good possibility of a Clear Channel bankruptcy in 2016, since they have an enormous debt payment scheduled then. But there is also the possibility that they may successfully reschedule their debt at that time. The most likely scenario for a Clear Channel bankruptcy, in my view, is if the stock price suddenly collapses.

      The radio stations will for the most part continue to exist. There could be a fire sale of individual stations, or some other corporation with deep pockets could step in. Difficult to predict how right wing future ownership might be, when we don't yet know who they are.

      All we can say right now is that Clear Channel is deep in debt, and is in the clutches of a private equity firm with a history of annihilation. For the rest, we may have to let everything play out to see what ultimately transpires.

      Follow me on Twitter: @denverunionguy

      by Richard Myers on Wed Jul 25, 2012 at 11:53:12 AM PDT

      [ Parent ]

      •  Richard - Rush isn't going anywhere (0+ / 0-)

        until he starts to lose a lot of audience. As long as he is the dominant AM voice in the noon to 3pmET slot in nearly every top 100 market there will always be a channel who will broadcast his show. What I do think will happen is that his show will be a lot less profitable for both him, his syndicator, and the local stations that carry him. But as long as he can deliver the mega audience he will be on the air. As the cost per M of advertising on his show continue to drop there will be new advertisers who are willing to take the political hit for access to all those ears.

        "let's talk about that"

        by VClib on Wed Jul 25, 2012 at 12:18:28 PM PDT

        [ Parent ]

        •  He may still be the dominant AM voice, (3+ / 0-)
          Recommended by:
          elwior, mmacdDE, politicalceci

          but how big is AM radio's audience these days?  I have a feeling that it's been dropping pretty rapidly, and that the demographics are not at all what advertisers want.

          The influence of the [executive] has increased, is increasing, and ought to be diminished.

          by lysias on Wed Jul 25, 2012 at 01:36:21 PM PDT

          [ Parent ]

          •  lysias - you certainly may be right (0+ / 0-)

            but it's still a sizeable audience. I don't have access to real data but my understanding is that Limbaugh's daily audience is much larger than any of the cable news shows.

            "let's talk about that"

            by VClib on Wed Jul 25, 2012 at 01:43:19 PM PDT

            [ Parent ]

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