Thoughts?
Tennessee Cowboy said:Assuming Citadel got angry and DID pull Rush off of one or more major stations, what would they put on as a replacement and what would be the effect on their revenue?
And how many stations would line up in those markets to carry Rush?
And would Citadel care to have even larger markets heading in the same direction as Knoxville?
It would seem that The Rush Limbaugh Show has the leverage here.
gr8oldies said:...More than likely, if WNOX wanted Hal, Phil, Dave Foulk etc. they would have to sit out noncompetes. I'm sure Ed has their phone numbers, just like JP had Ed's
Usually in bankruptcy, the Trustee gets to choice the contracts that are cancelled: Ed’s contract and the 100.3 LMA are examples. Of course the Bankruptcy Judge has to sign off on this but almost always does. The contracts that are not cancelled are still in force. The threat of having your contract cancelled is real leverage in getting anyone to sign a new contract usually for less money. All new contracts must be approved by the Judge. This is a sure way to run up the already high legal fees. Unless there is great savings most companies will not start reworking a bunch of individual contracts. They usually have a “standard” contract that is very one sided that you sign or walk. BTW While the corporation is under bankruptcy all new and old non cancelled contracts are guaranteed by the Court, which is backed up by the US Taxpayers.gr8oldies said:Except their contracts are with Citadel, not with Oak Ridge FM. I can only speculate that the reason there was no non-compete issue with Ed Brantley was that he was terminated while the bankruptcy was in progress, thus his contract, including the non-compete, was null and void. I'm sure (but I don't know) that the talent had to sign new contracts once Citadel emerged from bankruptcy. When Team Pirkle first announced a double-run of Michael Savage at noon to 3 and 6 to 9 (which never occurred since they signed Dave Ramsey for 12n-3) that the intention was to keep the chair warm for Rush should they be able to get him. Possibly still is.
boogiecheck said:WNOX is still WNOX. Same frequency, same call letters, same owner.