hasssan1
(439 posts)
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Thu Nov-16-06 12:13 PM
Original message |
Clear Channel Agrees to $19 Billion Lee, Bain Buyout |
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Bloomberg.com
"Clear Channel put itself up for sale last month after asset sales and share buybacks failed to boost the stock price. The company lost more than 60 percent of its market value since 2000, as radio advertising sales stagnated and listeners migrated to the Internet, satellite radio and iPods. The buyers are betting they can slice costs and stem the slide."
I like.
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warrens
(1000+ posts)
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Thu Nov-16-06 12:15 PM
Response to Original message |
1. Some more wingnuts looking for jobs |
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Bain and Thomas Lee are good operators. They won't let wingnut ideology dictate what songs get played or who gets a news show.
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buddysmellgood
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Thu Nov-16-06 12:17 PM
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2. Thanks for that. I know nothing about them and am wondering. |
Lex
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Thu Nov-16-06 12:17 PM
Response to Reply #1 |
3. Wow, really? That does sound like good news. |
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I hope things get less right wing-nutty on the airwaves soon.
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magellan
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Thu Nov-16-06 12:33 PM
Response to Original message |
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Romney founded Bain Capital. It has ties to Frist and Carlyle Group, among others, and has bought up many corporations that are considered big GOP backers today. See this - http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2732703and then google "romney bain capital"
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Lex
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Thu Nov-16-06 02:00 PM
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Thu Apr 25th 2024, 08:35 AM
Response to Original message |