Radio host Glenn Beck has agreed to a $100 million contract with syndicator Premiere Networks Inc. to continue Beck's conservative radio program. The five year agreement was announced on Monday by Beck and Premiere, a subsection of Clear Channel Communications Inc.
The $100 million contract is said to be a large increase in pay compared to his last Clear Channel contract which paid Beck $10 million annually in 2007. Beck, 48, is estimated to make $80 million a year.
Beck was once the host of his own television show on Fox News network, but decided to give it a rest in April, following a decrease in viewership and after advertisers boycotted against his comment that President Barack Obama had "a deep-seated hatred for white people."
Despite his dwindled television career, Beck has seen much success as a radio personality. "The Glenn Beck" program has a large following and continues to grow at a rate of 50 percent.
Beck has been doing his radio show for 10 years and 400 stations in the United States currently air the program. Following closely behind The Rush Limbaugh Show and The Sean Hannity Show, The Glenn Beck program holds the spot as the third most popular radio show nationally. The program is also the third highest-rated talk radio show among adults ages 25 to 54.
The radio show can typically be heard in most markets from 9 a.m to noon on weekdays.
Beck's company, Mercury Radio Arts, and Premiere also extended their contracts, where Premiere will represent Beck's Web properties which includes Beck's fan page.
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