iHeart Media President Rushes to Texas to Avoid the $20 Billion Bankruptcy of ‘Hate Radio’

by Leslie Salzillo – Bob Pittman, president of iHeart Media, had to dash to San Antonio last week to beg a judge for a restraining order to keep creditors from putting the company into default/bankruptcy. Well, what do you expect when you carry a debt load of now over $20 billion? iHeart Media owns 850 radio stations throughout the nation including conservative “hate radio” talk shows with right-wing extremists like Rush Limbaugh, Glenn Beck, Michael Savage, and Sean Hannity. All four are accused of propagating messages that include racism, misogyny, homophobia and xenophobia. And all are in trouble—especially Rush Limbaugh. So far, 139,000 people have signed the petition to boycott Rush Limbaugh sponsors. Even with a national boycott against Rush Limbaugh that began driving sponsors away, Bob Pittman (who helped create hate media monger, Morton Downey Jr.) refused to make changes. Eventually, thousands of advertisers have bolted over the last three years, thanks to organizations like StopRush, FlushRush and BoycottRush, liberal media, and the public, it would be “conservative” to say iHeart has lost millions. Though that wouldn’t necessarily put a huge dent on a company that...

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