bain loots clear channel...

No surprise Clear Channel are in financial troubles, not when they're in Bain's clutches.

I really do wonder at why its legal to asset strip companies the way they do. They're nothing but parasites.

As much as I want to laugh at Rush getting smooshed, I can't if the cost is the jobs of hundreds of innocents.
 
one comment sounds like so many stories I have heard for years about those bastard. I will Dance the Happy Dance if they ever implode:

if Clear Channel's ever really investigated...

...then they're gonna be doomed.

I was on their payroll once, for about a year. They bought out a radio network I was working for. They were basically buying the owner's client list, because after about a year they downsized all of us, moved the network to Oklahoma, and misled listeners into thinking it was still done locally. And I believe a few months after that it disappeared entirely.

Anyway, our dealings with Clear Channel were pretty awful. The owner used to call my boss and tell him racist jokes all the time (this also happened at another radio station with Rush Limbaugh's people), and they were always running scams. One scam Clear Channel did was, they weren't allowed to own more than X number of stations in any market, so what they'd do was, buy up more stations than were legal, but run them as a "Hispanic radio congolmerate." It was still Clear Channel - they just registered another name and bought stations under it, to get around the limitations. If the FCC had ever gotten wind of it, Clear Channel would have been in huge trouble... But, they did stuff like that all the time. They're one of the most corrupt companies in the U.S.
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Limbaugh lost his mojo decades ago. That said, he still has a following. He could probably make the move to satellite radio like Howard Stern did.
 
redrumloa said:
Limbaugh lost his mojo decades ago. That said, he still has a following. He could probably make the move to satellite radio like Howard Stern did.
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I'm kind of surprised that he hasn't tried to generate a larger presence online. Certainly there are enough wing nuts out there to provide an ample listen/viewership.

Maybe he should ask the Koch brothers for funding like they did for Beck when he got fired from Fox?
 
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