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Talk Radio Watch Title: The Rush Limbaugh Advertiser Backlash Is Knocking Down The Radio Networks The Cumulus and Dial Global radio networks have been adversely impacted by the advertiser boycott The Rush Limbaugh Show is distributed to 600 radio stations via several radio industry networks. The show is syndicated by privately-held Premiere Networks, which contracts with Cumulus Media, Dial Gobal, and other networks to secure broad access in as many media markets as possible. On Friday, November 16, Dial Global took a huge financial hit, resulting in the company voluntarily de-listing from NASDAQ. Dial Global's stock dropped by nearly 77 percent. The company identified three causes for its troubles, including "advertisers' response to controversial statements by a certain nationally syndicated talk radio personality in MARCH 2012." Now, it is becoming apparent that Cumulus is also a troubled company. Dial Gobal appears to be on the ropes; Cumulus is, so far, failing to thrive. Both companies have publicly blamed Rush. Morning Star: Cumulus Media, Inc. Class A CMLS Alex Fredricks: Stocks Forming a Downward Channel (Bearish) on Nov-8 While Cumulus received some favorable reviews on their 3rd Quarter Report, the company also received some bad news. Profit dipped by six percent, and Cumulus received a downgrade by Moody's: Moodys Investors Service likes a lot of what Cumulus is doing to reduce leverage, but says uncertainties associated with the radio business as a whole and the acknowledged difficulties the company is encountering turning around 10 key stations are cause for caution, and a downgrade. [emphasis added] Cumulus receives downgraded outlook, November 17th, 2012 Rush Limbaugh's syndicator, Premiere Networks, is privately held, and has not released information about Limbaugh's impact on revenues. Meanwhile, the movement to hold Limbaugh accountable continues to grow, and in the only recent audience analysis (of streaming audience share) to have been released, Limbaugh has been knocked out of first place, and has seen audience share decrease by nearly fifty percent.
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#1. To: Brian S (#0)
You still stirring this pot? Slow news day or you just can't let something end?
war has to do something for entertainment; the voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
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