Limbaugh signs $400 million contract

With a New York Times Magazine profile just published online, right-wing radio host Rush Limbaugh signs a $400 million contract with Clear Channel Communications to continue broadcasting through 2016.

With a New York Times Magazine profile just published online, right-wing radio host Rush Limbaugh signs a $400 million contract with Clear Channel Communications to continue broadcasting through 2016. The $38-million-a-year deal equals a raise of more than $14 million over his current contract.

Also in the media glare:

The Los Angeles Times, singled out by Tribune Co. management for underachieving in the amount of content produced, cuts 150 newsroom jobs as CEO Sam Zell praises the Orlando Sentinel's redesign.

Fox News is under fire for altering the headshots of two New York Times journalists.

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