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There are days when I wonder if waking up is worth it. This is one of those days.

From Talkers.com, this morning’s vintage…

Lew Dickey Talks Limbaugh on Bloomberg TV. Cumulus Media CEO Lew Dickey went on Bloomberg TV yesterday and he spoke – although not in detail about the ratings and sales numbers at his news/talk stations that carry the Rush Limbaugh program – but about the general effect Limbaugh’s Sandra Fluke comments had on his stations. About the loss, he told Bloomberg’s Betty Lu, “It was in the millions of dollars and what we said was our news/talk segment…represents about 10% of our business and it’s indisputable that it took a hit because of those events. We’ve moved on, we’re growing again.” Speaking to charges that Limbaugh says Dickey is still blaming him for news/talk problems at Cumulus stations and he might take his program elsewhere when the contract is up, Dickey says, “Sometimes contract negotiations get handled in public, we prefer not to do that…we have the premier talk distribution platform in the business and if you want to be on a big stage in this game, you need to be on our stations in the largest markets. They’re the biggest signals, the heritage brands and everybody knows that.” In what might have been a move to downplay the importance of Limbaugh’s midday show to his stations, Dickey stated that half their revenue comes from morning drive. Lu asked Dickey if he thinks conservative talk hosts are not as big as they used to be and he answered, “I think everything has to evolve…we have to make sure these radio stations do a wonderful job of reflecting the local communities in which they compete and that’s what we’re focused on.” http://www.talkers.com/2013/05/10/friday-may-10-2013/

Translation….Rush is NOT going anywhere. Cool yer jets.

Movin’ on…..

Chinese Media Corp Buys KDAY, Redondo Beach and KDEY, Ontario, California.

 The $19.5 million dollar deal for Magic Broadcasting to transfer the two Southern California FMs to Chinese conglomerate Phoenix New Media under the auspices of the new corporation RBC Communications, was announced at the NAB Show in Las Vegas. The stations will retain their hip hop format until the deal closes when it is expected that the stations will turn to a Chinese language format. The corporation is being controlled by naturalized American citizen Anthony Yuen (80%) and Phoenix TV chief executive officer Xiaoyong Wu and chief financial officer Ka Keung Yeung (20%). The $19.5 million price might seem pretty good but Magic bought the signals eight years ago for the princely sum of $120 million.

Maybe we should not worry as much about the right wing…than about “foriegn” ownership.