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PE Firms Ask Banks To Rescue Clear Channel

Can't wait to see the giant fall. Randall Mays re-positioning...he will be an employee. just sounded funny...So what would happen if CC defaults?
 
What difference really could it make? CC would be owned by its financiers, just like BMP. Still wouldn't be run by broadcasters. The only good thing would be for them to break up the whole outfit, not just sell off the small market stations. ???
 
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