And yes, both of those puns were deliberate.
If you want to know just how powerful Rush Limbaugh actually is, consider this: Clear Channel is willing to go broke paying his salary.
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.
Granted, CC has made some blithering-idiot-type management mistakes but the biggest one was believing that Limbo is some sort of cash cow who'd bring in enough $$$ all by himself to keep them going. He didn't.
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