"Clear Channel, the parent company of nationally boycotted radio host, Rush Limbaugh, is feeling the Bain – I mean the pain. Yesterday after the stock market closed, the media giant released its 1st quarter earnings report, showing a tremendous loss.
Wall Street Journal, May 3, 2013: CC Clear Channel …reported a loss of $203 million, versus a year-ago loss of $143.6 million. (The Limbaugh boycotts began last year in the first quarter) Revenue fell 1.3% to $1.34 billion. Revenue from media and entertainment, the company's largest segment, was down 2.2%, Operating expenses dropped 3.5%.