>>GLENN BECK.
HE'S BEEN RUNNING THE BLAZE FOR A WHILE, THERE
HAVE BEEN A LOT OF GLOWING REPORTS -- THEY'VE GOT A LOT OF
SUBSCRIBERS, THEY'VE GOT A LOT OF MONEY.
THE WHOLE TIME I'VE
BEEN SAYING, DON'T THINK SO.
NEWS OUT TODAY, IT TURNS OUT
THEY ARE LOSING MONEY AND IN A LOT OF TROUBLE.
DID ANYONE
PREDICT THIS?
LET'S WATCH.
>>I SHOULDN'T DO THIS -- THE REASON I SHOULDN'T DO THIS IS
BECAUSE I LOVE PREDICTIONS, I THINK I HAVE AN EXCELLENT TRACK
RECORD, WHEN IT COMES TO TIMING OF PREDICTIONS, THAT TRACK
RECORD IS NOT AS GOOD. 18 MONTHS.
I'M PUTTING IT ON THE
CLOCK, JAYAR, GO AHEAD.
AND START THE CLOCK.
THERE IS NO
CLOCK TO START. 18 MONTHS BEFORE WE HEAR, YOU SEE, WHAT HAD
HAPPENED WAS -- AND THIS HAPPENED, EVERYTHING WAS GOING
GREAT, BUT THEN -- HE HAS AN ENORMOUS STAFF OVER THERE.
I
KNOW HOW MUCH THINGS COST, I KNOW HOW MUCH THINGS BRING IN,
AND IT DOESN'T ADD UP.
AND SO MY GUESS IS THAT AT SOME POINT
WITHIN THE NEXT 18 MONTHS, THEY WILL COME OUT AND BE LIKE, THE
BLAZE WAS GOING GREAT AND THEN THIS HAPPENED AND THEN THAT
HAPPENED, BUT CENK WASN'T RIGHT, IT WAS SOMETHING ELSE THAT
HAPPENED, BUT -- ANYWAY, WE ARE CLOSING UP SHOP.
I COULD BE
WRONG.
>>BUT I WASN'T.
LET'S QUICKLY TALK ABOUT WHAT I GOT RIGHT AND
WRONG.
AS ALWAYS, THE TIMING IS A LITTLE OFF -- IF IT WAS WITHIN
18 MONTHS IT WOULD HAVE BEEN MAY 17 OF THIS YEAR, SO WE ARE PAST
THAT TIME, ALTHOUGH WE HAD HEARD RUMBLINGS OF SERIOUS FINANCIAL
TROUBLE BACK IN MAY, NOW WE'VE GOT MORE CLARITY ON IT BECAUSE
THEY DECIDED TO SUE THE FORMER CEO -- SO YOU COULD ARGUE THAT
MY TIMING WAS WRONG, BUT I TOLD YOU IT MIGHT BE WRONG.
AND EVEN
IF YOU SAY I'LL GIVE YOU THAT THEY HAD TROUBLES BACK IN MAY, I
SAID THEY WILL CLOSE UP SHOP, AND THEY HAVEN'T -- YET.
BUT
LET'S GET TO THE HEART OF THE ISSUE, WHAT IS GOING ON AT THE
BLAZE?
YOU WILL SEE IF THE SUBSTANCE OF MY PRODUCTION WAS
RIGHT.
THEY SUED THEIR FORMER CEO --
>>GOOD LUCK IN GETTING THE MONEY YOU PAID HIM BACK.
SO HOW
MUCH DID THEY PAY HIM?
WELL --
>>WHAT DID I TELL YOU?
I TOLD YOU BACK THEN, THEY ARE SPENDING
MONEY LIKE THERE IS NO TOMORROW, AND IT IS UNJUSTIFIABLE, AND
THEY WILL RUN INTO FINANCIAL TROUBLE.
$13 MILLION AT A
COMPANY THAT IS NOT MAKING A PROFIT FOR FIVE YEARS?
THAT IS A
TERRIBLE IDEA.
THEN THEY ARE LIKE, WE WILL SUE HIM.
SCHMUCK,
YOU DIDN'T KNOW HOW MUCH YOU ARE PAYING YOUR CEO?
MAYBE YOUR
INVESTORS, IF YOU HAVE ANY OTHER THAN GLENN BECK, SHOULD SUE YOU.
THE ATTORNEY FOR GLENN BECK SAYS --
>>YEAH, AND WHOSE FAULT IS THAT?
YOUR FAULT, YOU ARE THE ONE WHO
PAID HIM.
YOU DIDN'T KNOW HOW MUCH YOU ARE PAYING HIM?
OH MY
GOD, IF THAT IS TRUE, THAT IS RECORD-BREAKING INCOMPETENCE.
BUT REMEMBER, PART OF THE REASON I MADE THOSE PREDICTIONS IS
BECAUSE GLENN BECK IS MENTALLY UNSTABLE.
HE GOES ON A
GYROSCOPE, THEN HE SAYS I'M CURED OF MY MENTAL INSTABILITY.
IF YOU SAY SO.
THEN TODAY HE IS LIKE, $13 MILLION, THAT IS HOW
MUCH WE PAID HIM?
WHY DIDN'T ANYBODY TELL ME?
THERE IS MORE.
THEY CLAIM THAT --
>>MERCURY IS THE PARENT COMPANY FOR THE BLAZE, ALL RUN BY BECK.
DID YOU NOT THINK TO ASK?
THE BOARD OF DIRECTORS ALL THIS
TIME, FOR FIVE YEARS, NEVER FIGURES OUT HOW MUCH THEIR CEO
IS GETTING PAID, AND THEY NEVER ASK?
THESE GUYS DON'T KNOW HOW
TO MAKE MONEY.
ALL THESE CONSERVATIVE MEDIA OUTLETS ARE
WELFARE ORGANIZATIONS.
THEY USUALLY TAKE MONEY FROM GIANT
THINK TANKS ON THE RIGHT AND MILLIONAIRES AND BILLIONAIRES ON
THE RIGHT WING BECAUSE THEY LIKE THEIR PROPAGANDA, SO THEY GIVE
THEM A LOT OF MONEY TO DO THAT BUT THEY DON'T KNOW HOW TO RUN A
BUSINESS, THEY ARE WELFARE QUEENS.
THEY ARE LIKE, I WAS
SUPPOSED TO ASK HOW MUCH I'M PAYING MY CEO?
LOSER.
FURTHERMORE --
>>YOU ARE NEVER GOING TO GET THE MONEY BACK.
SUING WAS SUCH A
BAD IDEA, BECAUSE WE ARE NOT GOING TO FIND OUT WHAT A MORON
YOU ARE.
YOU SIGNED A $20 MILLION LEASE AND YOU DIDN'T
KNOW ABOUT IT?
OH MY GOD, IF THERE ARE OTHER INVESTORS IN THE
BLAZE, THE DEGREE TO WHICH THEY SHOULD SUE GLENN BECK IS
INDESCRIBABLE.
CEO, 20 MILLION?
13 MILLION?
GYROSCOPE -- THIS
GUY IS GOING TO RUN A BUSINESS?
ARE YOU KIDDING ME?
THE LAWSUIT --
>>THEY ALSO ALLEGE THAT HE WASN'T SUPPOSED TO TAKE ANY
EMPLOYEES, HE HAD A NONCOMPETE AND HE STARTED UP A NEW VENTURE
-- I DON'T WANT TO GIVE PUBLICITY TO THE NEW VENTURE
BECAUSE BALFE IT WILL PROBABLY OVERSPEND ON THAT TOO.
APPARENTLY HE TOOK SOME EMPLOYEES FROM THE BLAZE WHICH
HE WASN'T SUPPOSED TO DO, I GET SUING ON THAT -- LOOK, ARE THEY
BOTH BAD ACTORS?
I'M NOT JUDGING IN THAT CASE, BUT LET'S JUST SAY
THAT IF I WAS THE JUDGE OR THE JURY IN THAT CASE, I WOULDN'T BE
SURPRISED IF THEY ARE BOTH SCHMUCKS.
I'M NOT SAYING ONE IS
RIGHT AND WHAT IS WRONG, I JUST KNOW THAT THIS IS NOT A
PROFITABLE BUSINESS, I TOLD YOU, I TOLD YOU WE WOULD FIND OUT,
AND EVEN SPECIFICALLY SAID, YOU WILL FIND OUT THAT THEY ARE
SPENDING MONEY IN WAYS THEY HAD NO IDEA.
BOOM, RIGHT HERE.
AND
FINALLY --
>>THEY DON'T KNOW ANYTHING ABOUT HOW TO RUN A BUSINESS.
LOOK AT THEIR LEADER NOW, DONALD TRUMP, THE CONSERVATIVES,
REPUBLICANS, HE BANKRUPTED SIX COMPANIES.
GLENN BECK, MAYBE
THIS IS A SAVVY BUSINESS MOVE AS TRUMP SAYS.
HE'S JUST GETTING
STARTED, THIS WOULD BE HIS FIRST BANKRUPTCY.
HE'S GOT FIVE MORE
TO GO TO CATCH UP WITH DONALD TRUMP, WHO HE IS NO FAN OF.
I
DON'T WANT TO RELISH IN THEIR PAIN TOO MUCH -- JUST A LITTLE
I TOLD YOU.
IT TURNS OUT LIBERALS KNOW HOW TO RUN
BUSINESSES, CONSERVATIVES, NOT SO MUCH.
GOOD LUCK WITH THAT,
BLAZE, BUT IT TURNS OUT, PRETTY SOON, NA NA NA --