Romney’s Firm to Buy Clear Channel
It's a big week for big media: First, Dow Jones & Co. officially approved Rupert Murdoch's takeover of The Wall Street Journal, and now Lew Rockwell is reporting that Mitt Romney's private equity firm is buying radio behemoth Clear Channel.
It’s a big week for big media: First, Dow Jones & Co. officially approved Rupert Murdoch’s takeover of The Wall Street Journal, and now Lew Rockwell is reporting that Mitt Romney’s private equity firm is buying radio behemoth Clear Channel.
’TIS THE REASON…LewRockwell.com:
What would it cost to buy the support of just about every nationally-syndicated neocon talk show host in America? About $19.5 Billion, which is what Mitt Romney’s private equity firm, Bain Capital, and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications, the largest radio station owner in the country.
Clear Channel owns over 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on XM Satellite Radio, and more than 30 television stations in the United States. Premiere Radio Networks, which is the largest syndication company in the United States, is a wholly owned subsidiary of Clear Channel and is home to Rush Limbaugh, Glenn Beck, and many others. Sean Hannity recently signed a large multi-market contract with Clear Channel, as well.
You know the story. Independent journalism is under threat and overshadowed by heavily funded mainstream media. During this holiday season, you can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearth what's really happening- without compromise. Give today to support our courageous, independent journalists.
As always, we wish you truth, reason and the best of the season!
Military strength has become our national religion, as well as our very own road to perdition.
The civil rights icon's courageous call for peace and criticism of his government in a time of war must not be lost to history.
What makes the ongoing slaughter of Americans at the hands of our police so troubling—as if that’s not enough—is how rare it is for any cop to end up in jail for one of these murders.
Corporate media are not covering the fight for America's soul, but the establishment will not be able ignore the growing community that is leading it much longer.
This movement has nothing to do with left or right, Democrat or Republican, conservative or liberal. It's all about right and wrong.
There are currently no responses to this article.
Be the first to respond.