You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #10: Hicks Is One Walking Enron... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-21-04 12:57 AM
Response to Original message
10. Hicks Is One Walking Enron...
Being involved in broadcasting, I'm very aware of Mr. Hick's activities, including the shady financing deals that built up his Chancellor and then AM/FM radio empires and the deal he struck with Lowery Mayes (another Ranger) to merge into the mega conglomerate known as Clear Channel.

Also, you won't have to look to far to see Mr. Hicks was very involved with the building up of Sinclair and several other right wing broadcast companies. Through his financing company (Hick, Tate, Muse, etc.) these companies were built up in a pyramid scheme that will soon unravel. Long story short, these companies bought up broadcast licenses, inflated the value of the property through their control of so many licenses and then borrowing money for even more acquisitions using the license value, not the real cash value of those licenses.

There's so much shady dealing that's gone on and Bunnypants is in bed with some of the biggest wheeler-dealers. It'd be nice to see someone really dig in and expose this ponzi scheme, and if it dirties the manchild, that's a bonus. I'll just settle with the asshole going back to Crawford and his ilk totally defanged.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC