HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH - Tues... » Reply #51

Response to Tansy_Gold (Original post)

Tue Jan 17, 2012, 10:38 AM

51. Romney’s Bain Capital Owns Media Giant Broadcasting Limbaugh, Hannity

http://www.thenewamerican.com/usnews/politics/10547-romneys-bain-capital-owns-media-giant-broadcasting-limbaugh-hannity


Activists are expressing serious concerns that Mitt Romney’s private equity firm Bain Capital owns one of America’s largest media conglomerates, Clear Channel Communications, Inc., which broadcasts numerous popular talk-show hosts with incalculable influence in the 2012 GOP primary. Among the radio personalities syndicated by Clear Channel or aired on hundreds of stations it owns nationwide are Rush Limbaugh, Sean Hannity, Mark Levin, Glenn Beck, Michael Savage, and many others.

Because of the San Antonio-based media giant’s enormous influence — it is the largest owner of radio stations in the United States, and experts point out that it essentially owns what has come to be known as the conservative talk-radio industry — Romney critics, supporters of Ron Paul and Newt Gingrich, Tea Party groups, and elections commentators are all raising the alarm. Some analysts are even calling for the firm to disclose the fact that Romney’s Bain Capital owns a station or syndicates a show whenever a media personality is reporting on the Republican presidential campaign.

Former Politico.com reporter Ben Smith, now the editor-in-chief of BuzzFeed, called out Rush Limbaugh on Thursday for defending Romney and Bain Capital without disclosing that his employer is owned by the candidate’s firm. “Talk radio king Rush Limbaugh has emerged as a key defender of Mitt Romney’s tenure at Bain Capital, where — his Republican and Democratic critics charge — layoffs at companies Bain owned should be blamed on Romney,” noted Smith. “But Limbaugh hasn’t mentioned his own tie to the venture capital firm: Bain owns Clear Channel Communications, whose subsidiary inked a $400 million, eight-year syndication deal with Limbaugh in 2008.”

It turns out the talk-radio titan had actually revealed the connection later on in the show, and Smith updated his article to include that fact when he was made aware of it by readers. But the explosive story attracted more media interest in the subject nonetheless.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 78 replies Author Time Post
Tansy_Gold Jan 2012 OP
Demeter Jan 2012 #1
Roland99 Jan 2012 #47
Roland99 Jan 2012 #64
Demeter Jan 2012 #2
Demeter Jan 2012 #3
dixiegrrrrl Jan 2012 #57
Demeter Jan 2012 #4
jtuck004 Jan 2012 #11
newfie11 Jan 2012 #17
Demeter Jan 2012 #18
jtuck004 Jan 2012 #68
Tansy_Gold Jan 2012 #75
Po_d Mainiac Jan 2012 #46
Demeter Jan 2012 #5
Demeter Jan 2012 #6
Demeter Jan 2012 #7
Demeter Jan 2012 #8
Tansy_Gold Jan 2012 #9
dixiegrrrrl Jan 2012 #58
xchrom Jan 2012 #13
westerebus Jan 2012 #10
xchrom Jan 2012 #12
xchrom Jan 2012 #14
xchrom Jan 2012 #15
Ghost Dog Jan 2012 #16
Demeter Jan 2012 #19
DemReadingDU Jan 2012 #30
xchrom Jan 2012 #20
Demeter Jan 2012 #21
Demeter Jan 2012 #22
Demeter Jan 2012 #23
dixiegrrrrl Jan 2012 #59
Demeter Jan 2012 #72
Demeter Jan 2012 #24
Demeter Jan 2012 #25
Demeter Jan 2012 #26
Tansy_Gold Jan 2012 #40
dixiegrrrrl Jan 2012 #61
Demeter Jan 2012 #27
Demeter Jan 2012 #28
Demeter Jan 2012 #34
Demeter Jan 2012 #35
Demeter Jan 2012 #37
Demeter Jan 2012 #52
Demeter Jan 2012 #38
Demeter Jan 2012 #39
Demeter Jan 2012 #29
Demeter Jan 2012 #31
Demeter Jan 2012 #32
Demeter Jan 2012 #33
Loge23 Jan 2012 #55
Fuddnik Jan 2012 #71
Demeter Jan 2012 #73
Demeter Jan 2012 #36
xchrom Jan 2012 #41
xchrom Jan 2012 #42
xchrom Jan 2012 #43
xchrom Jan 2012 #44
xchrom Jan 2012 #45
Roland99 Jan 2012 #48
xchrom Jan 2012 #49
DemReadingDU Jan 2012 #50
dixiegrrrrl Jan 2012 #62
Tansy_Gold Jan 2012 #78
LineReply Romney’s Bain Capital Owns Media Giant Broadcasting Limbaugh, Hannity
Demeter Jan 2012 #51
dixiegrrrrl Jan 2012 #63
Ghost Dog Jan 2012 #66
Demeter Jan 2012 #74
dixiegrrrrl Jan 2012 #76
Demeter Jan 2012 #53
Demeter Jan 2012 #54
Ghost Dog Jan 2012 #56
AnneD Jan 2012 #60
Ghost Dog Jan 2012 #67
AnneD Jan 2012 #69
xchrom Jan 2012 #65
Demeter Jan 2012 #70
Tansy_Gold Jan 2012 #77
Please login to view edit histories.