Drowning under massive debt and desperate to cut more costs, Clear Channel took an ax to its payroll -- again -- and hacked hundreds of radio pros out the door. Program directors, morning show hosts, production pros, news anchors -- all of them tossed over the side. A "bloodbath," one newspaper called it. (In Albany, New York, the entire on-air staff at a Clear Channel music station was sacked; same with a radio outpost in Exeter, New Hampshire)
The most recent blizzard of pink slips (one industry report pegged it at "nearly 1,000") came in the wake of a January purge, in which 1,850 Clear Channel employees were let go. So already this year the company has shed nearly 3,000 employees, or 12 percent of its workforce. Also, last week, Clear Channel's parent company announced it was suspending its matching contributions to employee 401(k) retirement programs.
And yet Clear Channel's most famous employee, Rush Limbaugh, remains oblivious to it all. I sometimes wonder what Limbaugh thinks when he reads about the not-so-slow-motion collapse of his radio employer while lounging in his 24,000-square-foot Florida estate or motoring in his $450,000 car to the airport to ride in his $54 million jet. Does Limbaugh feel bad? Does he feel a little guilty? And does he ever think about giving some of his riches back so that thousands of radio colleagues wouldn't have to be bounced to the curb?
And I wonder what those pink-slipped Clear Channel employees -- some of whom spent decades working for the company -- think about Limbaugh as they're ordered out the station door and onto "the beach." (That's radio-speak for unemployment.)
I wonder about Limbaugh and the thousands of his laid-off Clear Channel colleagues, because the dichotomy is striking: Last July, just months before the radio economy went into free-fall, Limbaugh's bosses at Clear Channel, who enjoy deep ties to Texas Republicans and who have been at the forefront of promoting right-wing radio, rewarded the turbo-talker with the biggest contract in terrestrial radio history. The contract included an eye-popping 40 percent raise over his already gargantuan pay, despite the fact it's doubtful any other radio competitors could have even matched Limbaugh's old pay scale.
The astronomical worth of Limbaugh's eight-year pact: $400 million. The amount of money Clear Channel execs have been trying to scrimp and save this year as they lay off thousands from the struggling company: $400 million. Ironic, don't you think?
The simple truth is that Limbaugh lives in the lap of Clear Channel-backed luxury, while Clear Channel employees are being axed with abandon. And those who are lucky enough to keep their jobs are told to do the work of three or four employees.
http://mediamatters.org/columns/200905050007Fuck You Rush Limpballs.