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Limbaugh signs fat contract

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From the Associated Press

Approaching his 20th anniversary as talk radio’s most dominant force, Rush Limbaugh has signed a lucrative new deal with Premiere Radio Networks that will keep him on the air until 2016.

Premiere wouldn’t disclose details, but Limbaugh told the New York Times in an article to be published Sunday that he would be getting a nine-figure signing bonus and would make about $38 million a year.

Limbaugh’s three-hour weekday show, broadcast from his office in Florida, is heard on some 600 radio stations across the country, including KFI-AM (640) in L.A. More than 14 million people listen to him at least once a week, according to Talkers magazine.

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