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Clear Channel for sale. I'm not kidding.

M

moohead

Clear Channel Considers Sale of Company, Hires Goldman Sachs

By Anthony Palazzo

Oct. 25 (Bloomberg) -- Clear Channel Communications Inc., the largest U.S. radio broadcaster, said it is considering a possible sale of the company and hired Goldman, Sachs & Co. as an adviser.

The San Antonio-based company said in a Business Wire statement that it is considering strategic alternatives and can't assure that a transaction will occur.

To contact the reporter on this story: Anthony Palazzo in Los Angeles at [email protected]


Well. Now who's done? A Cow never forgets. All the public money in the world does not make a radio operator. Can we get back to REAL owners operating radio stations? I'm ready.

Moohead (Marc)
 
Stunned silence. Don't worry. It's all part of the CC culture. The CEO gets paid, and 1500 radio stations get sold to a publishing company large enough to digest them. They don't know radio, either, and lay off thousands more. Hey...the market's up (though NOT for CC). Now's the time for new public money to overpay for an underperforming asset. Woo hoo.

We all live long enough to scratch our heads in amazement.

Moo
 
------, Dawg. CC didn't put up any money. Their "investors" did when their stock was at $95. Now it's $30? Maybe Google will use their inflated value to buy your house from you.

I don't pay twice for something. I think history has now clarified who the operator was, and who the donut chomping bungholes were. Capiche?

Moo right back atcha

BTW- Thanks for remembering me. I believe I was there half as long as CC.
 
Moo indeed! I think I just slipped on something...let me check....eWWWWW!

You are correct on the money thing and yes, one cannot beat real broadcasters at the game of broadcasting! We've seen the sorry evidence in Binghamton as presented by everyone from dentists to high-falootin' corporate types.

Well, back to grazing! the farmer's coming this way and I don't want him to catch me goofing off!
 
Let me clarify something.

The "local" people always made Bingo radio better. Long before me, there were David Mitchell, Merv and his wife, and MANY local talents who programmed stations.

I was only in Binghamton for 3 years. My wife and I loved it there. We lived there, mingled there, and contributed to the local economy. I feel that the FCC (govt) made local ownership impractical. And now we see what has ensued. Satellite radio with no locality, terrestrial radio with less local programming. The virtual death of AM radio.

I am promoting internet radio these days. I do a not for profit daily show to support the easiest way for local voices to be heard. My program discusses NE Ohio sports (I grew up there). My audience is world wide (displaced Ohio-ans) as well as younger, tech savvy Cleveland area residents. The show maintains the flavor and locality that Cleveland radio lacks. The show site attracted 325,000 hits in September, and has an audience of about 5000 listeners (1300 are diehards).

CC owns the main sports talk/news talker in Cleveland, so I have decided to out "localize" them from 1200 miles away. A formidable challenge.

The local broadcaster is not dead. They must search for creative ways to find their audience niche.

Moo
 
moohead said:
Let me clarify something.

The "local" people always made Bingo radio better. Long before me, there were David Mitchell, Merv and his wife, and MANY local talents who programmed stations.

I was only in Binghamton for 3 years. My wife and I loved it there. We lived there, mingled there, and contributed to the local economy. I feel that the FCC (govt) made local ownership impractical. And now we see what has ensued. Satellite radio with no locality, terrestrial radio with less local programming. The virtual death of AM radio.

I am promoting internet radio these days. I do a not for profit daily show to support the easiest way for local voices to be heard. My program discusses NE Ohio sports (I grew up there). My audience is world wide (displaced Ohio-ans) as well as younger, tech savvy Cleveland area residents. The show maintains the flavor and locality that Cleveland radio lacks. The show site attracted 325,000 hits in September, and has an audience of about 5000 listeners (1300 are diehards).

CC owns the main sports talk/news talker in Cleveland, so I have decided to out "localize" them from 1200 miles away. A formidable challenge.

The local broadcaster is not dead. They must search for creative ways to find their audience niche.

Moo
Click to expand...
Mr. Moo...
In your local sports report from1200 miles away, are you giving high school football scores from Danville, Illinois?? Also..David Mitchell is GOD!
 
No. I pass on Danville. Everybody must draw a line somewhere....

We DO talk NE Ohio high school, college and pro sports.

David Mitchell was originally cast as God in "The Passion of the Christ". Little known fact.

Moooooooooooooooooooo
 
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