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If you were a betting man

L

lighten up

OK
Lots of talk about CC selling stations in New England. If you were a betting man, who do you think will buy them, by Market, by state or all of them?
 
lighten up said:
...Lots of talk about CC selling stations in New England. If you were a betting man, who do you think will buy them, by Market, by state or all of them?...
Click to expand...

I wonder if it depends on how Clear Channel would like to rid themselves of the properties? And in the meantime, here's a tidbit to ponder:

(AllAccess - 12/15/06) CLEAR CHANNEL COMMUNICATIONS has filed the formal paperwork to the FCC to transfer the company's licenses from the present publicly-traded entity to the new private company for $37.60/common share (about $26.7 billion) plus assumption or repayment of about $8 billion in debt. The stock is being transferred to BT TRIPLE CROWN MERGER CO., held by THOMAS H. LEE EQUITY FUND VI, LP and BAIN CAPITAL (CC) IX, LP, and the resulting company will asssume the CLEAR CHANNEL COMMUNICATIONS name.

The filing includes ten separate applications covering CLEAR CHANNEL's various radio ownership entities.

(Just another point of view)
 
LOL, so in other words, Clear Channel will be selling these stations... to themselves?? ???

What a glorious stunt that would be! Get everybody's hopes up to start buying off and then for Clear Channel to say "PSYCHE! We were only selling to ourselves you foolish people!"

I think they got us. ::)
 
nhradiochild said:
...I think they got us. ::)...
Click to expand...

Maybe, maybe not. With all the slight-of-hand that can be done these days, the post above may refer to the stations left over after they dump the 500 or so stations.

Then again, maybe this move comes to alert investors they are about to make a few bucks for their troubles and get out while the gettin's good. By announcing they were dumping a bunch of smaller market stations they were successful in de-valueing what looks like most all smaller market stations nationwide, including their own, so take what you can get before things get any worse. Then they go private with the entire lot and then sell off the 500 stations and put the obscene amounts of cash in their pockets. After all, why share it with the stockholders when they can keep it for themselves, huh? But will it be obscene cash? We'll have to wait and see...

Are they even going to dump any stations? Once they go private - after paying a mere pitance to the stockholders - they announce they are keeping the stations after all (Oh, sorry - PSYCHE!) and they wait for value to increase again and then quietly sell them off one by one. That's where they would make the killing... And be able to keep all that cash for themselves. {Damn - just how much can you spend in a lifetime that you need that much??}

I guess I could go on here like a tired murder mystery so I'll quiet down now and go back to lurking... :)

(Just another point of view)
 
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