Glenn Beck inks $100 million radio deal

Glenn Beck has signed a five-year, $100 million syndication contract, extending his popular conservative talk radio program. Glenn Beck left television last year amid dwindling ratings, but his radio show is the third most popular in the US, airing on 400 stations and maintaining a robust, growing following.

Sebastian Scheiner/AP/File
Glenn Beck gestures as he speaks in the Knesset, Israel's parliament, in Jerusalem in this July 2011 file photo. Beck signed a $100 million contract for his popular radio show Monday, June 11, 2012, extending the program's run another five years.

 Radio host Glenn Beck has signed a $100 million deal with syndicator Premiere Networks Inc to continue distributing the conservative pundit's popular program for another five years, a source with knowledge of the deal said on Monday.

Beck and Premiere, a unit of Clear Channel Communications Inc, announced the agreement on Monday, but did not disclose financial details.

The conservative personality had hosted his own television show on the Fox News channel until April last year when he left amid slumping ratings. But his radio program has maintained a loyal following and a growth rate of 50 percent, adding nearly 200 stations in the last five years, according to Premiere.

"The Glenn Beck" program currently airs on 400 stations and is the third most popular radio show in the United States behind those of fellow conservative commentators, Rush Limbaugh and Sean Hannity.

Premiere and Beck's company, Mercury Radio Arts, also extended their deal under which Premiere represents Beck's Web properties - streaming video network GBTV, news and information site, e-commerce marketplace and fan portal - to advertisers and sponsors.

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