One of the big benefits of either being privately held or a huge public ikdkdk corporation is that you don’t have to tell anyone in the media the truth. There really is no penalty for lying about your finances if your aren’t public and if you are big and public you can often bury loses that other companies would have to report.
Case in point. The CEO of Clear Channel, Pittman, finally spoke to the AP yesterday and said 58 advertisers leaving the Rush Limbaugh show didn’t have a major impact on Clear Channel. Full quote here.
According to my friends at Media Matters 58 advertisers left.
Now in the world of small to mid-sized public companies that would be what is called, “A material event” and could tank the stock. Earnings this quarter could disappoint investors and management,who promised certain numbers, would have to do something to make changes.
If you are privately held, or huge, like NewsCorp, after losing 58 or 81 Advertisers you can say things like “advertisers leaving the program did not have a major impact on the company ” and get away with it.
Now I’m sure that the AP Business writer . . . → Read More: It’s good to be the Lyin King’s Boss
Tonight the Political Science Student Association at San Francisco State University is hosting a Political Debate.
March 14th, 2012 in McKenna Theater located in the Creative Arts Building on the SFSU campus (link for tickets
Sadly I have a previous engagement so I can’t attend, but I want to make sure that the other guests and moderator knew just about Sussman’s radical views on women, religious freedom, health care and life.
So I prepared some notes for the other panelists, Norman Goldman and Michael Krasny:
Tonight on your SFSU panel is Brian Sussman from KSFO. I’m sure that he will try and sound moderate for the crowd, but if you want to engage him and ask him to defend his real views here is some audio evidence of his views over the years. I haven’t been monitoring him lately but it would be interesting if he says his views have changed.
Issues that might come up tonight: women’s reproductive health, religious freedom, health care
Women’s reproductive health
Sussman supported the South Dakota law that banned all abortions INCLUDING those for Rape and incest, with the exception of life of the mother. He thinks that it is correct to . . . → Read More: SFSU Political Debate with Radio Hosts Krasny, Sussman, Goldman
News Flash! 50 advertisers have pulled their ads from the Rush Limbaugh show. Updated list here.
Everyone wants to know, “What will happen next?” Some people want to know how to “fix the problem” (i.e. lost sponsors) others want to know, how can we make,”the problem” worse.
I am of the metaphorical mindset, “When your nemesis is drowning, throw him an anchor.”
There is, and will be, tremendous pressure to keep The Limbaugh Zeppelin afloat. Lots of people are scrambling to find the right words, strategy or actions to get back to the status quo. What might be surprising to some, but not to me, is that the MSM will help keep this gasbag in the air. Why? A few reasons:
1) The “They could do this to me!” fear. They might remember that Lou Dobbs is gone and Glenn Beck if off TV, not because of what they said, but because of “market forces.” The progressive left made those “market forces” happen by alerting advertisers and asking them to stop allowing these people to taint their brands.
2) Rush gives them the language for ideas that are easy to describe. One stop shopping for what . . . → Read More: Rush Doesn’t Need Your Stinking Ads!