Julia Boorstin submits: The terrestrial radio industry is struggling to compete with a whole new range of mediums as well as a decline in ad revenue. But radio industry giant Clear Channel (CCU) just inked the biggest deal ever in the industry with its Premiere Radio Networks division renewing Rush Limbaugh's contract. The details haven't been announced but Drudge is reporting that the deal goes through 2016 and is worth more than $400 million dollars. I've spoken to a number of record industry insiders, and though no one would confirm those exact numbers, they all said that the high figure make sense. Complete Story » ...
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