Clear Channel SOLD!

http://www.cleveland.com/newsflash/business/index.ssf?/base/business-69/1163685558140850.xml&storylist=business

$18.7B

 

Damn, I only bid $18.5B.

If only I had another $300 million!

 

It says they plan to sell 448 radio stations and 42 TV stations. Doesn't that make the world a better place?

 

Depends on who buys them. They're divesting everything below market 100. What does surprise me is they're selling off their TV assets. In some markets like Jacksonville they've worked hard to integrate radio and TV into one seamless enterprise, building and all. Undoing that mess is going to be a challenge.

 

Not good news. The Evil Empire is going private.

 

Fixed.

 

Yeah but $18.7 billion only gives the Red Sox the right to negotiate with Clear Channel. They still have to sign 'em.

 

I didn't look. Did Air America buy Clear Channel? Maybe the Dixie Chicks?

 

Did you remember to look under your couch cushions?

 

That was good.