Clear Channel Overtaken by Dems

[radioWAV]

According to news reports, the Clear Channel stations went to Thomas H. Lee Partners LP and Bain Capital Partners LLC. I haven't seen anyone check on their political contributions, but here are the top five for:

Thomas H. Lee:
$26,700 Democratic Senatorial Campaign Cmte
$25,000 Democratic Senatorial Campaign Cmte
$10,000 DSCC/Non-Federal Unicorp Assoc
$5,000 New Jersey First
$4,700 Democratic Senatorial Campaign Cmte

Josh Beckenstein, Managing Director, Bain Capital:
$26,700 DNC Services Corp
$25,000 DNC Services Corp
$25,000 DNC Services Corp
$10,000 Democratic Senatorial Campaign Cmte
$5,000 Next Generation

 

[gr8oldies]

So Al Franken will be replacing Rush Limbaugh on all of CC's big stations, right?

 

[Tom Wells]

So Al Franken will be replacing Rush Limbaugh on all of CC's big stations, right?

Turnabout is fair play. I for one, will have a hearty laugh if this comes to pass.

 

[jh]

Don't expect this to have any effect on what is on the air on CC stations. These are money people, not radio people. Chances are, CC will get even more bottom-line oriented, if that's possible.

 

[evnlee]

So Al Franken will be replacing Rush Limbaugh on all of CC's big stations, right?

Turnabout is fair play. I for one, will have a hearty laugh if this comes to pass.

Look at what they intend to own as well as the CC stations: Chicago Tribune, Los Angeles Times and nine other dailies, as well as 25 television stations, a radio station, some Internet operations and the Chicago Cubs baseball team.

The Cubs?! The ultimate loser baseball team, and a bunch of failing papers?!

The real comic irony is that they passed on Err Amerika, who's bankrupt and looking to sell. Maybe they can pick up AAR and have the complete set

 

[titoisradio]

So Al Franken will be replacing Rush Limbaugh on all of CC's big stations, right?

Turnabout is fair play. I for one, will have a hearty laugh if this comes to pass.

Look at what they intend to own as well as the CC stations: Chicago Tribune, Los Angeles Times and nine other dailies, as well as 25 television stations, a radio station, some Internet operations and the Chicago Cubs baseball team.

The Cubs?! The ultimate loser baseball team, and a bunch of failing papers?!

The real comic irony is that they passed on Err Amerika, who's bankrupt and looking to sell. Maybe they can pick up AAR and have the complete set

Cubs may be a loser baseball team but financially they are always a winner, they continue to sellout the place even though they rarely have winning seasons despite a talented pitching staff.

 

[dampier]

There is no story here with Clear Channel. They are about the money. Who they contribute to in this case makes no difference - CC is going to program whatever achieves the bottom line.

 

[RBA]

But wasn't Bain Capital Partners LLC founded by Mitt Romney, the republican politiician?

 

[b344077]

Yep. That's it. Clear Channel will flood the air waves with Liberal Talk. Oh my god!

 

[AKLes]

There is no story here with Clear Channel. They are about the money. Who they contribute to in this case makes no difference - CC is going to program whatever achieves the bottom line.

Right now the best way to achieve a profitable bottom line is to reduce staff and hire at minimum wage. Just enough people to keep the lights on and the carrier up. If you can't sell it, cheapen it and hope for enough gullible advertisers to ante up. The "bottom line" is not about gross - it's about net.