Clear Channel going private or new ownership????

[punchbuggy]

This is all very interesting...seriously! But doesn't anyone have anything to say about Clear Channel going private??

 

[hipporadio]

This is all very interesting...seriously! But doesn't anyone have anything to say about Clear Channel going private??

Once $90+ Now @$30 (could that be right?)... Market UP--CC DOWN... Does that REALLY shock anyone? So a bigger co buys them... Some more people get fired--maybe THIS TIME some of the "suits" :-* --but not Billy C

Could we all live long enough to scratch our heads in amazement ??? --OK--I stole that line

 

[js]

There was an excellent book published in the early 70s by Prentice-Hall entitled "Not Just A Sound...The History of WLW" which chronicles Powell Crosley's WLW beginnings up through the Avco era. If you can find that now outof print book at an auction,garage sale or used book store..more power to 'ya.

There's one on Ebay that ends at noon 11/1. Search WLW.

 

[major]

There is a new book out about the Crosley brothers, written by someone locally. They've been pushing it hard on WLW.

 

[titoisradio]

This is all very interesting...seriously! But doesn't anyone have anything to say about Clear Channel going private??

Clear Channel sold its radio/tv division to a private equity firm, thus once the sale is complete, Clear Channel will no longer be a publicly held company. However it will continue to be managed by the Mays. This was probably done partly due to Sarbanes-Oxley and partly due to the fact of the stock's lack of growth in recent years.