Rush Limbaugh Signs Record-Setting Contract

Radio Host Renews Contract Until 2016 UPDATED: 2:49 pm PDT July 2, 2008 Talk radio giant Rush Limbaugh renewed his contract with Premier Radio Networks and Clear Channel Radio, continuing syndication of The Rush Limbaugh Show, according to a press release on RushLimbaugh.com The program will celebrate 20 years on-air in August of this year. "This is exactly where I want to be, doing what I was born to do, with an amazing audience and phenomenal support from affiliate stations and sponsors," Limbaugh said on his Web site. "I’m having more fun than a human being should be allowed to have." The terms of the contract were not disclosed; however, The New York Times reported that the contract is estimated to be worth around $400 million -- or $38 million per year -- until 2016. The contract also incorporates the syndication of a... [read full story]                    

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