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Reply #13: Clinton's Tele Communications Act Destroyed Radio [View All]

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otohara Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-10-11 09:53 AM
Response to Reply #3
13. Clinton's Tele Communications Act Destroyed Radio
the day after Clinton signed it, the group I was working for was bought by then Jacor aka Clear Channel. Funny thing was, I kept hearing we were going to buy them....so I lost my job, went to a new job and two years later...Clear Channel bought that group, ending their spending spree. In two years Clear Channel bought up most of the important stations in major markets, allowing them to go from owning 3 per market, 2 FM's, 1AM to 8 per market 5FM's & 3AM's.

Thank Bill Clinton for this mess.
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