CUMULUS AND LIMBAUGH

The boycott against Rush Limbaugh's advertisers has affected the bottom line at Cumulus:

“Challenges related to the Cumulus syndicated talk segment.” That’s Moody’s term for the sales problem this NOW Newsletter’s been writing about since we debuted last November – the unfortunate environment that persists after the February 2012 “slut” comments by Rush Limbaugh. Rush belongs to Clear Channel and its Premiere Networks syndication unit. But Cumulus owns some of Rush’s most important big-market affiliates, such as WABC New York and WLS Chicago. Moody’s Investors Service recognizes that the “challenges to the Cumulus syndicated talk segment” haven’t healed yet