Mitt Romney to buy Clear Channel??

[DJKraze]

see this link:

http://www.lewrockwell.com/blog/lewrw/archives/017694.html

 

[greenboy]

This does not seem right, if Mitt Romney were to become president would this not in effect be state run media? I am glad I saw
your post DJKraze I am going to tell everyone I know about this information and keep an ear on my radio to see if the hosts you
mentioned are promoting him more so than other candidates. thank you for the info.

 

[ercjncpr]

And wait till he appoints new FCC Commissioners as President. They will make sure that the ex-CC new company is able to hold on to all of those stations with impunity. I mean, is this Venezuela or Amerca?? :'(

 

[davideduardo]

see this link:

http://www.lewrockwell.com/blog/lewrw/archives/017694.html

Clear Channel was already sold, for something like 100 or so times what Romney is worth.

 

[DJKraze]

That's why I put the question marks at the end in the subject line, just passing along what I saw.

 

[Matt]

This does not seem right, if Mitt Romney were to become president would this not in effect be state run media?

Check your history. Lyndon Johnson and family were the licensees for KLBJ while he was president. They simply put it in a "blind trust" while he was in office. Of course, some would say that for Johnson it was a shrewd move to avoid criticism, while the same action by Romney (or anyone with red campaign signs) would be accused of being state-run media even if that person owned one share of stock in a broadcasting company.

Later....
Matt Smith
WGSR-TV

 

[Julius Leonard Marx]

Don't believe everything you read. Romney started and headed Bain Capital. He didn't own it. He doesn't work there any more.

 

[SirRoxalot]

I believe that Romney is officially "on leave" from Bain Capital, and is still a major shareholder. With that said, Bain Capital's business is to buy distressed business with other people's money, return those businesses to health, and reward those other investors with significant rewards when the businesses are sold, or taken public.

All Presidents are required to put their business holdings into a blind trust. Of course, it's very unlikely that the blind trust is going to make major changes in the holdings in that portfolio. Some presidents have pursued policies that boosted the value of their holdings. Some presidents have pursued policies that hurt their personal wealth, sometimes in an attempt to avoid charges of favoritism.

 

[davideduardo]

I believe that Romney is officially "on leave" from Bain Capital, and is still a major shareholder.

I believe he has shares in several of Bain's equity funds, but not in Bain itself. He has a pension fund of considerable proportions from Bain, but no financial interest any more.