New deal for Rush Limbaugh worth $400 million

Talk was never cheap for Rush Limbaugh, but now it is getting a lot more expensive. The radio host will be paid about $400 million to continue serving up his daily dose of conservative patter through 2016. His $50 million a year paycheck represents a raise of about $14.4 million a year over his current contract, which was paying him $285 million over eight years and was set to expire in 2009. The deal — struck a month short of the 20th anniversary of "The Rush Limbaugh Show" — is thought to be the most expensive in radio since Howard Stern moved to Sirius Satellite Radio for a reported $500 million in 2004. "I'm not retiring until every American agrees with me," Limbaugh, 57, said on his radio program Wednesday. The deal amounts to a major bet by Clear Channel Communications and its syndication subsidiary, Premiere Radio... [read full story]