Clear Channel is about to get smaller

[aunti-terrestrial]

...uh...so, yeah? Hang onto CCO through the new quarter? Because a two-cent drop and I'm gone.

I dunno what the rest of y'all's personal Roula (???uh...???) beeswax is all about. You could explain?... or nevermind, I dont care to know. Maybe Fo-fo-can just clarify the bottom line for me (I'm a bottom-line kinda gal when it comes to my $$$ money). I'm leaning towards dumping my CCO stock ASAP (first thing in the morning), but waiting for wiser than fo-fo-fo-whatever to advise on this board. Adguy? Dave E? Old Gringo? Uncle Guido? Anybody but somebody whose personal judgment clouds their financial sense ('specially when it comes to my nineteen bucks and change per share). Por favor.

No o-fo-fo-fo-fense to those with personal issues/vendettas who can't answer intelligently. Buttheads have every right to speak, yes, but I'm asking for discourse of a nature above your particular chosen form of expression. I'm sorry, my question is really about some stocks I own in what's bearing out to be an unstable company. If you can help me not watch my money go spiralling down the toilet, great. If not, please don't embarrass yourself on this board by showing yourself to be so limited by your personal vendettas that you cannot comprehend the topic. Although it is kind of cute in a paranoid, myopic kind of way. It makes my heart melt like finding a geek hung by his beltloops inside a locker. Bless yer heart, you don't even see why.

Kthks~

 

[OldGringo]

...uh...so, yeah? Hang onto CCO through the new quarter? Because a two-cent drop and I'm gone.

I dunno what the rest of y'all's personal Roula (???uh...???) beeswax is all about. You could explain?... or nevermind, I dont care to know. Maybe Fo-fo-can just clarify the bottom line for me (I'm a bottom-line kinda gal when it comes to my $$$ money). I'm leaning towards dumping my CCO stock ASAP (first thing in the morning), but waiting for wiser than fo-fo-fo-whatever to advise on this board. Adguy? Dave E? Old Gringo? Uncle Guido? Anybody but somebody whose personal judgment clouds their financial sense ('specially when it comes to my nineteen bucks and change per share). Por favor.

No o-fo-fo-fo-fense to those with personal issues/vendettas who can't answer intelligently. Buttheads have every right to speak, yes, but I'm asking for discourse of a nature above your particular chosen form of expression. I'm sorry, my question is really about some stocks I own in what's bearing out to be an unstable company. If you can help me not watch my money go spiralling down the toilet, great. If not, please don't embarrass yourself on this board by showing yourself to be so limited by your personal vendettas that you cannot comprehend the topic. Although it is kind of cute in a paranoid, myopic kind of way. It makes my heart melt like finding a geek hung by his beltloops inside a locker. Bless yer heart, you don't even see why.

Kthks~

. Really quite simple. The sale is foe $37.60 a share. Wait till it is approved and closes, and get a ceck for your shares. Sell now for a bit less, and don't run the risk the deal does not go through.

 

[Kent]

CC-Houston is NOT for sale!

While Clear Channel's Houston operation is not on the divestiture list, some divestitures in Houston are not out of the question. I don't know how likely it is that they will be divested, but it could happen as Thomas H. Lee Partners and Bain Capital are major investors in Cumulus Media Partners, and at least one is an investor in the Univision acquisition. In fact, the Univision deal has a petition for waivers in several markets, including Houston and Dallas, due to ownership cap issues should the FCC deem them to be over the limit.

 

[kendro]

CCO would be a sell for me personally.
French company most likely to own CCO in the near future.

 

[aunti-terrestrial]

CCO would be a sell for me personally.
French company most likely to own CCO in the near future.

Thanks, that's good to know. Monday morning it is, then. I'll think fondly of CC when I do my Christmas shopping this year, that's for sure. It seems somehow appropriate to dump them just before the holidays, doesn't it?

 

[newschoolrocker]

CCO would be a sell for me personally.
French company most likely to own CCO in the near future.

Mark Mays strongly denied that, and said that that was completely false, and was that company's attempt to shake up Clear Channel. He himself said it was NOT true on Thursday's 11am conference call.

 

[stan]

Apparently CC plans on holding on to both the Beaumont-Port Arthur and Corpus Christi properties. As Paul Harvey would say, "Strange."

 

[TexasTuner]

Apparently CC plans on holding on to both the Beaumont-Port Arthur and Corpus Christi properties. As Paul Harvey would say, "Strange."

Don't know about Corpus Christi, but Beaumont's always been a big money maker for CC. And, they're close to Houston. Make it easier to consolidate staff.

Texas Tuner

 

[kendro]

CCO would be a sell for me personally.
French company most likely to own CCO in the near future.

Mark Mays strongly denied that, and said that that was completely false, and was that company's attempt to shake up Clear Channel. He himself said it was NOT true on Thursday's 11am conference call.

So now they're going to retain Clear Channel Outdoors?
I'd still dump it but the company may pull off something worth watching.
Perhaps required advo packages in the markets they retained.

 

[OldGringo]

Apparently CC plans on holding on to both the Beaumont-Port Arthur and Corpus Christi properties. As Paul Harvey would say, "Strange."

Don't know about Corpus Christi, but Beaumont's always been a big money maker for CC. And, they're close to Houston. Make it easier to consolidate staff.

Texas Tuner

Here is something to put this in perspective... 30% of all radio advertising revenue is spent in the top 10 markets alone. Markets outside the top 100 cost more to manage for most big companies than they can make in them... either a company has a small market model, or they should not be in that size market.

 

[bobbybooey]

Apparently CC plans on holding on to both the Beaumont-Port Arthur and Corpus Christi properties. As Paul Harvey would say, "Strange."

Don't know about Corpus Christi, but Beaumont's always been a big money maker for CC. And, they're close to Houston. Make it easier to consolidate staff.

Texas Tuner

Maybe they just don't want Cumulus buying those sticks and trying to turn them into another handful of pathetic Houston rimshots... coughcoughKIOLcoughKFNCcough.

 

[adguy]

When the #4 man at Newscorp won't invest in his own company, what does that tell you about media companies. As George #41 would say, "Baaaaad, Baaaaaad, Na gonna do it". Media companies are among the worst investments around because of their risk. If you like risk, hit the technology sector. At least when you hit there, you strike it rich 90% of the time.

 

[OldGringo]

When the #4 man at Newscorp won't invest in his own company, what does that tell you about media companies.

I'm not sure that this is alone an indictment of media. To me, it is the caution I was always taught of not putting "all the eggs in a single basket." Many believe that you should minimize your dependence on the ocmpany where you work beyond that job itself. I have, personally, never invested in companies I worked for beyond a few percent of my total investments.

 

[aunti-terrestrial]

Thanks for the advice, guys. I sold half my CCO shares this morning---got a nice, tidy sum to help with the holidays!

 

[kendro]

Thanks for the advice, guys. I sold half my CCO shares this morning---got a nice, tidy sum to help with the holidays!

Good go!

 

[CW]

Apparently CC plans on holding on to both the Beaumont-Port Arthur and Corpus Christi properties. As Paul Harvey would say, "Strange."

Don't know about Corpus Christi, but Beaumont's always been a big money maker for CC. And, they're close to Houston. Make it easier to consolidate staff.

Texas Tuner

Maybe they just don't want Cumulus buying those sticks and trying to turn them into another handful of pathetic Houston rimshots... coughcoughKIOLcoughKFNCcough.

That cant happen....Cumulus owns the rest of the money makers in the BPT market....so they cannot buy any other stations there and try to make them Houston stations...They just FINALLY closed on 101.7 KAYD recently...They had LMA'ed it for years....They HAD planned to move 96.1 from Lake Charles to the Beaumont area and license it to Sour Lake as a C1....but now I bet that does not happen...I am surprised CC is selling their Shreveport stations but keeping the BPT stations..I would have thought Shvport would be making more money but evidently not..Could be because of KLVI......(someone PLEASE shoot the processor on 92.5 though...GOD that station's audio SUCKS! I refuse to listen to it while in the area)