Clear Channel has a price


Looks like Clear Channel accepted an offer today to be bought out for $18.7 billion. EIGHTEEN POINT SEVEN BILLION DOLLARZ.

The important part of this story, though, is that they're selling 40% of their radio holdings. That's a pretty big shake-up, and I'll be interested to see where all the chips fall when it's over. Maybe some terrestrial radio stations that serve the public interest?

What'll they think of next?

No comments:

Post a Comment