"Note that the endless rounds of Clear Channel layoffs are directly tied to the extraordinary debt the company operates under. "Simply put, Clear Channel has a negative net worth of nearly $8 billion. And that is thanks mostly to its $20.3 billion in debt," as Forbes wrote.
For most employees at the ever-shrinking Clear Channel, simply keeping their jobs passes for a professional achievement these days. For right-wing talkers like Beck and Limbaugh though, Clear Channel now doubles as their personal ATM."