Hannity/Limbaugh Leaving Cumulus Results In Huge Stock Increase
Last Sunday night news came out that Cumulus media was no longer going to carry Rush Limbaugh or Sean Hannity after their contract expires later this year. Since that news broke, Cumulus has seen their stocks soar over 10%, while Clear Channel, who owns the syndicator of both shows, Premier Radio Networks, has seen their […]
Last Sunday night news came out that Cumulus media was no longer going to carry Rush Limbaugh or Sean Hannity after their contract expires later this year. Since that news broke, Cumulus has seen their stocks soar over 10%, while Clear Channel, who owns the syndicator of both shows, Premier Radio Networks, has seen their stocks lost values to the tune of 0.47% over the past 5 days. Here’s a chart comparing the two.
Of course none of this matters to Clear Channel. They have seen huge drops in their stocks ever since Rush Limbaugh decided to go after Sandra Fluke last spring:
Yet Clear Channel still stands behind their fat man, proving that propaganda trumps the dollar in the eyes of their executives.