Clear Channel has a price

Surprised?

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?