Wednesday, July 2, 2008

Limbaugh Signs for $400 Million

Drudge Report is headlining with a report that Rush Limbaugh has signed a $400 million broadcast contract through 2016---that's $50 million a year, just under $1 million per week.

UPDATE More from Drudge:

Limbaugh has secured a 9-figure signing bonus for the new deal.

Limbaugh is buying a new G550 jet.

Hs salary will now exceed the annual salaries for network news anchors: Katie Couric, Brian Williams, Charlie Gibson and Diane Sawyer — combined!

UPDATE II Drudge's report comes from an NYT profile of Lmbaugh which is finally up, here

From NYT:

“Do you know what bought me all this?” [Limbaugh] asked, waving his hand in the general direction of his prosperity. “Not my political ideas. Conservatism didn’t buy this house. First and foremost I’m a businessman. My first goal is to attract the largest possible audience so I can charge confiscatory ad rates. I happen to have great entertainment skills, but that enables me to sell airtime.”

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