Are Cumulus Media's woes Rush Limbaugh's fault?
The company's CEO says the conservative radio host is costing it ad sales. The controversy could lead to a split.
According to reports in Politico and the New York Daily News, the conservative talk show host is balking at claims made by Cumulus Media (CMLS) CEO Lew Dickey that his controversial remarks about a law student have cost the Atlanta company millions in lost advertising revenue as sponsors fled his show.
Limbaugh, who last year called student Sandra Fluke a "slut" and a "prostitute" after she pressed lawmakers on federal funding of birth control, denies he is at fault. Instead, Limbaugh argues that Dickey is trying to blame him for the shortcomings of the sales force at WABC, Cumulus' flagship station in New York, the Daily News said.
The remarks about Fluke did hurt Cumulus' bottom line. As Politico noted, Dickey told analysts last year during an earnings conference call that the company's top three stations had lost $5.5 million because of Limbaugh, who later apologized to Fluke. Dickey reiterated that comment earlier this year when he spoke of the challenges created by Limbaugh's remarks for Cumulus, the largest independent radio station owner.
Perhaps Limbaugh's impact on Cumulus' earnings will be discussed tomorrow when the company reports its financial results. Wall Street analyst are expecting it to report a loss of 6 cents on revenue of $233.9 million. As Limbaugh knows, controversy sometimes doesn't hurt ratings, and the Fluke issue may have helped the show attract fans. Talkers, a trade publication, estimates Limbaugh's audience at more than 14 million, the most of any figure in talk radio.
Talkers publisher Michael Harrison told MSN Money that Limbaugh's enemies are trying to make too much out of the normal fluctuations in his ratings. Limbaugh, who began his career in 1984, isn't in danger of losing his job, Harrison says.
"If he wants to stay on the radio, he certainly can," Harrison says, adding that if Limbaugh wanted to follow Glenn Beck and Howard Stern into alternative outlets, he could do that, too, and "bring a large segment of his audience with him."
Spokespeople for Cumulus and Limbaugh couldn't be reached. The company, which owns 525 stations in 110 cities, has a programming lineup that features conservative hosts such as Mike Huckabee, Geraldo Rivera and Michael Savage, along with gossip columnist Perez Hilton and shock jock Don Imus.
Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
Nineteen of 20 Newtown children are white.
All of a sudden the 2nd amendment should be
repealed or radically altered.
Chicago children are mostly black.
The media is virtually silent about Chicago violence.
Chicago: 446 children shot last year with strongest gun
laws in country the media is silent.
The cesspool known as Chicago probably has the toughest gun laws in the country, yet despite all the shootings, murders, and bloodshed, you never hear a peep about this from the corrupt state run media.
In Chicago , there have been 446 children shot in leftist utopia run by Rahm Emanuel. 62 children have actually been killed by crazed nuts in Chicago so far this year.
So why isn't this news worthy?
Is it because it would embarrass those anti second amendment nuts who brag about Chicago's tough gun laws?
Is it because most of the kids who were shot and killed were minorities?
Or is it because the corrupt media doesn't want to show Chicago in a bad light?
THE LIST OF MURDERED CHILDREN IN 2013
18 YEARS OLD- 15
17 YEARS OLD- 16
16 YEARS OLD- 16
15 YEARS OLD- 6
14 YEARS OLD- 4
13 YEARS OLD- 2
12 YEARS OLD- 1
07 YEARS OLD- 1
06 YEARS OLD- 1
446 List by age of Children Shot in Chicago Last Year, 2012:
18 year old -110
17 year old - 99
16 year old - 89
15 year old - 62
14 year old - 39
13 year old - 21
12 year old - 10
11 year old - 2
10 year old - 3
09 year old - 1
07 year old - 3
06 year old - 2
05 year old - 1
04 year old - 1
03 year old - 1
01 year old - 2
So why isn’t this news worthy?
The Political Leaders in Illinois;
President: Barack Hussein Obama
Senator: Dick Durbin House
Representative: Jesse Jackson Jr.
Governor: Pat Quinn
House leader: Mike Madigan
Atty. Gen.: Lisa Madigan (daughter of Mike)
Mayor: Rahm Emanuel
Chicago school system is rated one of the worst in the country.
State pension fund $78 Billion in debt, worst in country.
Cook County ( Chicago ) sales tax 10.25% - highest in country.
A culture of corruption that would make a Louisiana politician blush with envy.
Blame Republicans ?
There aren't any in Illinois' leadership!
So the real reason the Press is Silent ?
There's no one they can blame ?
Limbaugh didn't help matters during the Sandra Fluke fiasco.
However, Lew Dickey sounds like he is looking for any easy excuse for the poor sales figures.
A multi millionaire and a six fig grunt exchanging salvos.
Funny stuff. Guess who wins Lew? It won't be you.
What makes me angry about the Fluke situation is being put in a position to defend this s.o.b. Fluke staged the whole thing. She admitted to choosing a Catholic university for the express purpose of creating an issue that would force their rules into the public spotlight. She sold herself alright, maybe not in the way Limbaugh meant, but if it walks like a talks, and sounds like a duck.....
After my dad retired as a mechanic, he worked for several years trading cars and car parts around the area for dealerships. Limbaugh gave him many hours of pleasure and laughter. He'd come back and tell my mom what idiotic thing he'd heard that day.
I used to listen to Limbaugh too, but the joke wore too thin after a year or so. Hate begats more hate.
Say what? They carry Imus and that foul tempered joke of a yapper named Savage and they want to blame Limbaugh for whatever losses they may have generated. He's their bread & butter man compared to Savage who is just plain nasty to almost everyone.
This is a smoke screen being used as an opening salvo in contract negotiations with Mr. Limbaugh. Any takers for a small wager?
This man is such a jerk does anyone really take him serious!!!
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[BRIEFING.COM] The stock market began the last week of July on a quiet note with the S&P 500 ending less than a point above its flat line. Like the benchmark index, the Dow Jones Industrial Average (+0.1%) also posted a slim gain, while the Russell 2000 (-0.5%) and Nasdaq Composite (-0.1%) lagged throughout the session.
The major averages were awakened from their weekend slumber with an opening retreat that pressured the S&P 500 below its 20-day moving average (1975). Even though ... More
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