Clear Channel, Limbaugh Ink Deal

Word Count: 463 | Companies Featured in This Article: Sirius Satellite Radio Conservative radio talk-show host Rush Limbaugh Wednesday inked an eight-year contract for around $400 million, underscoring how radio is prepared to spend big sums on bankable talent to compete in the crowded entertainment field. Mr. Limbaugh's compensation of $38 million a year, plus a signing bonus of about $100 million is less in absolute terms than the five-year, $500 million contract Howard Stern cut in 2004 with Sirius Satellite Radio Inc. But Mr. Limbaugh's contract could net him more, as Mr. Stern must pay costs for his cast and... [read full story]                    

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