Clear Channel In Trouble...

[KharmaTrain]

Under the radar the last week have been some big stories involving large media corporates. NBC/Universal announced cuts of up to 700 jobs...many at local NBC stations, but it opens the door of them merging MSNBC and CNBC. Then came the implosion of the Tribune Company which is courting buy-out partners, including the Carlyle Group. Today comes more storm clouds...this from Clear Channel...the company that owns the largest number of radio station...

http://today.reuters.com/news/articlebusiness.aspx?type=ousiv&storyID=2006-10-26T195618Z_01_N26327189_RTRIDST_0_BUSINESSPRO-FINANCIAL-OPTIONS-CCU-DC.XML&from=business&rpc=92

CHICAGO (Reuters) - Options trading in Clear Channel Communications Inc. (CCU.N: Quote, Profile, Research) spiked in the days before the radio channel operator was reported to be in buyout talks with private equity firms, an options trader said Thursday.

Options trader Jon Najarian, co-founder of information Web site optionmonster.com, said his firm's computer model showed unusual Clear Channel call volume in the days running up to CNBC's report on Tuesday that the Mays family was becoming interested in a possible leveraged buyout.

The Mays family controls Clear Channel, which said on Wednesday that it was exploring alternatives to raise its share price, including a possible LBO.


Private equity groups Providence Equity Partners, Blackstone and KKR are in advanced talks to buy Clear Channel, a source familiar with the situation said on Wednesday.

For those not familiar...KKR is known for canibalizing companies...big money liquidators...a sign Clear Channel is choking under a combination of growing debt and shrinking revenues.

For those who attacked AAR as a "failed venture"...here's more proof of the very difficult world it's had to operate in.

[Norquist Nemesis]

1. When a business puts all of its eggs in one basket

well...this is exactly what happens.

[KharmaTrain]

2. Here's a List Of Their Holdings

http://www.cjr.org/tools/owners/clearchannel.asp

Radio
Alabama

Birmingham


WENN-FM

WERC-AM

WMJJ-FM

WDXB-FM

WQEN-FM
Gadsden


WAAX-AM

WGMZ-FM
Huntsville


WBHP-AM

WDRM-FM

WHOS-AM

WTAK-FM

WWXQ-FM

WXQW-FM
Mobile


WDWG-FM

WKSJ-AM

WMXC-FM

WNTM-AM

WRKH-FM
Montgomery


WMCZ-FM

WQLD-FM

WZHT-FM
Tuscaloosa


WACT-AM

WRTR-FM

WTXT-FM

WZBQ-FM
Alaska
Anchorage


KASH-FM

KBFX-FM

KENI-AM

KGOT-FM

KTZN-AM

KYMG-FM
Fairbanks


KAKQ-FM

KIAK-AM

KIAK-FM

KKED-FM
Arizona

Chinle


KFXR-FM
Phoenix


KESZ-FM

KMXP-FM

KNIX-FM

KZZP-FM

KFYI-AM

KGME-FM

KOY-AM

KYOT-FM
Tuba City


KAXB-FM
Tucson


KCEE-AM

KNST-AM

KRQQ-FM

KWFM-FM
Yuma


KBLU-AM

KTTI-FM

KYJT-FM
Arkansas

Little Rock


KDDK-FM

KMJX-FM

KOLL-FM

KQAR-FM

KSSN-FM
Fayetteville


KEZA-FM

KJEM-FM

KKIX-FM

KMXF-FM
Ft. Smith


KMAG-FM

KWHN-AM

KZBB-FM

KKBD-FM
California

Anaheim


KEZY-AM
Chico


KEWE-AM

KHHZ-FM

KHSL-FM

KMXI-FM

KPAY-AM
Ellwood


KSPE-FM
Lancaster


KAVL-AM/FM

KAVS-FM

KYHT-FM
Los Angeles


KACD-FM

KAVL-AM

KAVS-FM

KIIS-FM

KXTA-AM

KOST-FM

KFI-AM

KYSR-FM

KBIG-FM

KCMG-FM

KLAC-AM
Monterey


KDON-AM/FM

KOCN-FM

KRQC-FM

KTOM-AM/FM
Sacramento


KFBK-AM

KGBY-FM

KHYL-FM

KSTE-AM
San Bernardino


KCKC-AM
San Diego


KGB-FM

KHTS-FM

KIOZ-FM

KJQY-FM

KMSX-FM

KOGO-AM

KPOP-AM

XHRM-FM

XTRA-AM
San Francisco


KABL-AM

KIOI-FM

KISQ-FM

KKSF-FM

KMEL-FM

KNEW-AM

KYLD-FM
San Jose


KCNL-FM

KFJO-FM

KLDZ-FM

KSJO-FM

KUFX-FM
San Luis Obispo


KVEC-AM
Santa Barbara


KIST-FM

KSBL-FM

KTMS-AM

KTYD-FM

KXXT-AM
Thousand Oaks


KLYF-AM
Victorville


KATJ-FM

KZXY-AM

KIXA-FM

KROY-AM

KIXW-AM
Walnut Creek


KFJO-FM
Yermo


KYHT-FM
Colorado

Colorado Springs


KKLI-FM
KMOM-FM
KVUU-FM
Denver


KBCO-FM

KBPI-FM

KHIH-FM

KHOW-AM

KOA-AM

KRFZ-FM

KTCL-FM

KTLK-AM
Fort Collins


KCOL-AM

KGLL-FM

KIIX-AM

KPAW-FM
Connecticut

Hartford

WPOP-AM

WKSS-FM

WWYZ-FM

WPHH-FM

WHCN-FM
New Haven

WAVZ-AM

WELI-AM

WKCI-FM
Delaware

Wilmington


WDOV-AM

WDSD-FM

WJBR-AM

WILM-AM

WRDX-FM
Florida

Daytona Beach


WGNE-FM
Florida Keys


WAIL-FM

WCTH-FM

WEOW-FM

WFKZ-FM

WKEZ-AM/FM

WKWF-AM
Ft. Myers/Naples


WCKT-FM

WOLZ-FM

WQNU-FM

WOST-FM
Jacksonville


WFSJ-FM

WJBT-FM

WJGR-AM

WNZS-AM

WPLA-FM

WQIK-FM

WROO-FM

WSOL-FM

WZNZ-AM
Melbourne


WBVD-FM

WLRQ-FM

WMMB-AM

WMMV-AM
Miami/Ft. Lauderdale


WBGG-FM

WHYI-FM

WINZ-AM

WIOD-AM

WLVE-FM

WMGE-FM

WZTA-FM
Orlando


WJRR-FM

WMGF-FM

WQTM-AM

WSHE-FM

WTKS-FM

WWNZ-AM
Panama City


WDIZ-AM

WFSY-FM

WPAP-FM

WPBH-FM

WPPT-FM
Pensacola


WTKX-FM
Rock Punta Gorda


WCCF-AM

WCVU-FM

WIKX-FM

WKII-AM
Sarasota


WAMR-AM

WCTQ-FM

WDDV-FM

WSPB-AM

WSRZ-FM

WYNF-FM
Tallahassee


WTLY-FM

WNLS-AM

WOKL-FM

WTNT-FM

WXSR FM
Tampa/St. Petersburg


WMTX-FM

WDAE-AM

WFLA-AM

WFLZ-FM

WHNZ-AM

WSSR-FM

WTBT-FM

WXTB-FM
West Palm Beach


WBZT AM

WIRA-AM

WJNO AM

WJNX-AM

WKGR FM

WLDI-FM

WOLL-FM

WWLV-FM
Georgia

Atlanta


WCOH-AM

WGSE-AM

WGST-AM/FM

WKLS-FM

WMAX-FM

WMKJ-FM

WPCH-FM
Helen


WHEL-FM
Hogansville


WMXY-AM

WZLG-FM
Hawaii

Honolulu


KSSK AM/FM

KDNN FM

KIKI FM

KUCD FM

KHVH AM

KHBZ AM
Idaho

Boise


KARO-FM

KCIX-FM

KFXD-AM

KIDO-AM

KLTB-FM

KXLT-FM
Idaho Falls


KID-AM/FM
Pocatello


KLLP-FM

KPKY-FM

KWIK-AM
Twin Falls


KEZJ-FM

KLIX-AM/FM
Illinois

Carbondale


WDDD-FM

WFRX-AM

WVZA-FM
Chicago


WGCI-AM

WGCI-FM

WKSC-FM

WLIT-FM

WNUA-FM

WVAZ-FM
Indiana

Indianapolis


WFBQ-FM

WNDE-AM

WRZX-FM
Iowa

Burlington


KBUR-AM

KGRS-FM
Cedar Rapids


WMT-AM/FM
Davenport


KUUL-FM

KMXG-FM

KCQQ-FM

WLLR-AM/FM

WOC-AM
Des Moines


WHO-AM

KKDM-FM

KLYF-FM

KMXD-FM

KCCQ-FM

KASI-AM
Fort Dodge


KKEZ-FM

KWMT-AM
Fort Madison


KBKB-AM/FM
Iowa City


KKRQ-FM

KXIC-AM
Kentucky

Lexington


WBUL-FM

WKQQ-FM

WLAP-AM

WLKT-FM

WMXL-FM

WTKT-AM
Louisville


WHAS-AM

WAMZ-FM

WQMF-FM

WTFX-FM

WWKY-AM

WKJK- AM

WYBL-FM

WZTR-FM
Midway


WBTF-FM
Louisiana

New Orleans


KFXN-FM

WRNO-FM

WODT-FM & AM

WQUE-FM

WNOE-FM

WYLD-AM
Shreveport


KEEL-AM

KITT-FM

KRUF-FM

KVKI-FM

KWKH-AM
Maine

Bangor


WGUY-FM

WVOM-FM

WBYA-FM

WBFB-FM

WKSQ-FM

WLKE-FM
Maryland

Baltimore


WCAO-AM

WOCT-FM

WPOC-FM
Ocean City


WLVW-FM

WQHQ-FM

WTGM-AM

WAWR-AM

WSBY-FM

WJDY-AM

WWFG-FM

WLBW-FM

WOSC-FM
Massachusetts

Boston


WJMN-FM

WKOX-AM

WXKS-AM

WXKS-FM
Worcester


WSRS-FM

WTAG-AM
Springfield


WHYN-AM/FM

WNNZ-AM
WPKX-FM


Michigan

Ann Arbor


WIQB-FM

WQKL-FM

WTKA-AM

WYBN-AM
Detroit


WDFN-AM

WJLB-FM

WKQI-FM

WLLC-FM

WMXD-FM

WNIC-FM

WXDX-AM
Grand Rapids


WBCT-AM

WCUZ-FM

WOOD-AM/FM

WTKG-AM

WVTI-FM

WSNX-FM
Minnesota

Twin Cities


KDWB-FM

KEEY-FM

KFAN-AM

KFXN-AM

KQQL-FM

KTCZ-FM

WLOL-FM
Mississippi

Jackson


WJMI-FM

WKXI-AM/FM

WOAD-AM

WYJS-FM
Missouri

St. Louis


KATZ-AM/FM

KLOU-FM

KMJM-FM

KSD-FM

KSLZ-FM
Nebraska

Lincoln

KIBZ-FM

KLMY-FM

KTGL-FM

KZKX-FM
Omaha

KFAB-AM

KGOR-FM

KHUS-FM

KQBW-FM

KXKT-FM
Nevada

Las Vegas


KFMS-FM

KQOL-FM

KSNE-FM

KWNR-FM
New Hampshire

Lebanon


WGXL-FM

WMXR-FM

WXKK-FM

WXXK-FM

WVRR-FM

WTSL-AM

Manchester


WGIR-AM/FM

Portsmouth


WERZ-FM

WGIN-AM

WGIP-AM

WHEB-FM

WMYF-AM

WQSO-FM

WUBB-FM

New Mexico

Albuquerque


KZRR-FM

KPEK-FM

KTEG-FM

KLSK-FM

KSYU-FM
Farmington


KAZX-FM

KCQL-AM

KDAG-FM

KKFG-FM

KTRA-FM

Gallup


KGLX-FM

KFMQ-FM
Las Vegas, NM


KBAC-FM
Thoreau


KXTC-FM
White Rock


KSFQ-FM
New York

Albany


WGY-AM

WHRL-FM

WKKF-FM

WOFX-AM

WPYX-FM

WRVE-FM

WTRY-FM
Binghamton


WBBI-FM

WENE-AM

WINR-AM

WKGB-FM

WMRV-FM

WMXW-FM
Nassau/Suffolk


WALK -AM/FM
New York City


WAXQ-FM

WHTZ-FM

WKTU-FM

WLTW-FM

WTGM-FM
Poughkeepsie


WRWD-FM

WBWZ-FM

WBPM-FM

WGHQ-AM
Rochester


WHAM-AM

WHTK-AM

WKGS-FM

WLCL-FM

WMAX-FM

WNVE-FM

WVOR-FM
Syracuse


WBBS-FM

WHEN-AM

WSRY-AM

WHHT-FM

WYYY-FM
Utica


WADR-AM

WOUR-FM

WRFM-FM

WRNY-AM

WSKS-FM

WUTQ-AM
North Carolina

Greensboro


WSJS-AM

WSML-AM

WTQR-FM

WXRA-FM
Raleigh


WRSN-FM

WRDU-FM

WRVA-FM

WDUR-AM/FM

North Dakota

Bismarck


KFYR-AM

KYYY-FM
Dickinson


KLTC-AM

KCAD-FM

KZRX-FM
Fargo


KFGO - AM/FM

WDAY-FM

KVOX-AM

KULW-FM

KRVI-FM
Minot


KIZZ-FM

KZPR-FM

KRRZ-FM
Ohio

Akron


WKDD-FM

WTOU-AM
Chillicothe


WBEX-AM

WCHI-AM

WFCB-FM

WKKJ-FM
Cincinnati


WCKY-AM

WEBN-FM

WKFS-FM

WKRC-AM

WLW-AM

WOFX-FM

WSAI-AM

WVMX-FM
Cleveland


WGAR-FM

WMJI-FM

WMMS-FM

WMVX-FM

WTAM-AM
Clyde


WMJK-FM
Columbus


WCOL-FM

WFII-AM

WNCI-FM

WTVN-AM

WZAZ-FM
Dayton


WBTT-FM

WLQT-FM

WMMX-FM

WONE-AM

WTUE-FM

WXEG-FM
Defiance


WDFM-FM

WZOM-FM

WONW-AM
Findlay


WCKY-FM

WIMJ-FM

WQTL-FM
Lima


WBUK-FM

WIMA-AM

WIMT-FM

WMLX-FM
Lorain


WZLE-FM
Mansfield


WYHT-FM

WSWR-FM

WMAN-AM
Marion


WDIF-FM

WMRN-AM/FM
Napoleon


WNDH-FM
Sandusky


WMJK-FM

WLEC-AM

WCPZ-FM
Springfield


WIZE-AM
Tiffin


WCKY-FM

WTTF-AM
Toledo


WCWA-AM

WIOT-FM

WRVF-FM

WSPD-AM

WVKS-FM
Washington Court House


WCHO-AM

WCHO-FM
Youngstown


WBTJ-FM

WKBN-AM

WNCD-FM

WNIO-AM
Oklahoma

Guymon


KGYN-AM
Oklahoma City


KBEC-AM

KJYO-FM

KQSR-FM

KTOK-AM

KTST-FM

KXXY-FM

WKY-AM
Tulsa


KAKC-AM

KMOD-FM

KMRX-FM

KOAS-FM

KQLL-AM

KIZS-FM
Oregon

Albany


KLOO-AM

KRKT-AM
Corvallis


KEJO-AM

KFLY-FM

KLOO-AM/FM
Medford


KKJJ-FM

KLDZ-FM

KMED-AM

KRWQ-FM

KZZE-FM
Portland


KTLK-AM

KEX-AM

KKCW-FM

KKRZ-FM

KRVO-FM
Pennsylvania

Allentown


WAEM-AM/FM

WKAP-AM

WZZO-FM
Harrisburg


WHP-AM

WKBO-AM

WRBT-FM

WRVV-FM

WWKL-AM
Johnstown


WMTZ-FM

WNTJ-AM
Lancaster/Harrisburg


WLAN-AM/FM
New Castle


WBZY-AM

WKST-AM

WKST-FM
Philadelphia


WDAS-AM

WDAS-FM

WIOQ-FM

WJJZ-FM

WLCE-FM

WUSL-FM
Pittsburgh


WBGG-AM

WDVE-FM

WKST-FM

WPGB-FM

WWSW-FM

WXDX-FM
Reading


WRAW-AM

WRFY-FM

WREX-FM
Williamsport


WKSB-FM

WMYL-FM

WRAK-AM

WRKK-AM
Rhode Island

Providence


WWBB-FM

WWRX-FM
South Carolina

Charleston


WALC-FM

WEZL-FM

WRFQ-FM

WSCC-AM

WXYL-FM
Columbia


WCOS-AM/FM

WLTY-FM

WNOK-FM

WSCQ-FM

WVOC-AM
Greenville


WBZT-FM

WESC-FM

WLFJ-AM
WGVL-AM

WMYI-FM

WSSL-FM

South Dakota

Aberdeen


KKAA-AM

KQAA-FM

KSDN-AM/FM

KBFO-FM
Tennessee

Chattanooga


WUSY-FM

WUUS-AM

WRXR-FM

WLOV-FM

WKXJ-FM
Cookeville


WGIC-FM

WGSQ-FM

WHUB-AM

WPTN-AM
Memphis


KJMS-FM

KWAM-AM

WDIA-AM

WEGR-FM

WHRK-FM

WOTO-FM

WREC-AM

WYLT-FM
Nashville


WLAC-AM

WNRQ-FM

WRVW-FM

WSIX-FM

WZTO-FM
St. Joseph


WJOR-FM
Texas

Austin


KHFI-FM

KPEZ-FM
Beaumont


KIOC-FM

KKMY-FM

KYKR-FM

KLVI-AM
Dallas


KDMX-FM

KEGL-FM
El Paso


KHEY-AM/FM

KPRR-FM

KTSM-AM/FM

XHEPR-FM
Houston


JAMZ

KBXX-FM

KHMX-FM

KKTL-FM

KLOL-FM

KPRC-AM

KTBZ-FM
McAllen


KTEX-FM

KBFM-FM
San Antonio


KAJA-FM

KQXT-FM

KSJL-FM

KTKR-AM

KXXM-FM

WOAI-AM
Waco

KBGO-FM

KBRQ-FM

KWTX-AM/FM

WACO-FM
Wichita Falls


KNIN-FM

KWFS-AM/FM

KTLT-FM
Utah

Salt Lake City


KALL-AM

KKAT-FM

KNRS-AM

KODJ-FM

KURR-FM

KWLW-AM

KZHT-FM
Vermont

Burlington


WCPV-FM

WEAV-AM

WEZF-FM

WKVT-FM

WXZO-FM
Randolph


WCVR-FM

WSYB-AM

WWWT-AM

WZRT-FM
Virginia

Charlottesville


WCYK-FM

WVAO-FM

WUMX-FM
Norfolk


WJCD-FM

WOWI-FM

WSVY-AM/FM
Richmond


WBTJ-FM

WRNL-AM

WRVA-AM

WRVQ-FM

WRXL-FM

WTVR-FM
Washington

Centralia


KELA-AM

KMNT-FM
Seattle


KFNK-FM

KHHO-AM

KJR-AM/FM

KUBE-FM
Spokane


KAQQ-AM

KCDA-FM

KISC-FM

KIXZ-FM

KKZX-FM

KQNT-AM

Vancouver


KKLQ-FM
Washington D.C.

WASH-FM

WBIG-FM

WIHT-FM

WMZQ-FM

WTEM-AM

WTNT-AM

WWDC-FM

WWRC-AM

West Virgina

Huntington


WAMX-FM

WBKS-FM

WBVB-FM

WHRD-AM

WIRO-AM

WKEE-FM

WTCR-AM/FM

WVHU-AM
Wheeling


WBBD-AM

WEEL-FM

WEGW-FM

WKWK-FM

WOVK-FM

WVKF-FM

WWVA-AM
Wisconsin

Eau Claire


WMEQ-AM/FM

WBIZ-AM/FM

WQRB-FM

WATQ-FM
WISM-FM
Madison


WMAD-FM

WCJZ-FM

WIBA-AM/FM

WZEE-FM

WTSO-AM
Milwaukee


WKKV-FM

WMIL-FM

WOKY-AM

WRIT-FM
Wyoming

Casper


KRVK-FM

KTRS-FM

KWYY-FM

KMGW-FM

KTWO-AM

KKTL-AM
Cheyenne


KGAB-AM

KIGN-FM

KMUS-FM

KOLZ-FM
Hispanic Broadcasting Corporation
Clear Channel International

Television
WXXA -TV FOX ALBANY , NY
KGET -TV NBC BAKERSFIELD , CA
KVOS -TV IND BELLINGHAM , WA
WIVT -TV ABC BINGHAMTON , NY
WKRC -TV CBS CINCINNATI , OH
WETM -TV NBC ELMIRA , NY
KMTR -TV NBC EUGENE , OR
KMTX -TV NBC EUGENE , OR
KMTZ -TV NBC EUGENE , OR
KVIQ -TV CBS EUREKA , CA
KTVF -TV NBC FAIRBANKS , AK
KGPE -TV CBS FRESNO , CA
WHP - TV CBS HARRISBURG , PA
WLYH -TV UPN HARRISBURG , PA
WJKT -TV UPN JACKSON , TN
WAWS -TV FOX JACKSONVILLE , FL
WTEV -TV CBS JACKSONVILLE , FL
KASN -TV UPN LITTLE ROCK , AR
KLRT -TV FOX LITTLE ROCK , AR
WLMT -TV UPN MEMPHIS , TN
WPTY -TV ABC MEMPHIS , TN
WJTC -TV UPN MOBILE , AL
WPMI -TV NBC MOBILE , AL
KCBA -TV FOX MONTEREY/SALINAS , CA
KION -TV CBS MONTEREY/SALINAS , CA
WOKR -TV ABC ROCHESTER , NY
KTVX -TV ABC SALT LAKE CITY , UT
WOAI -TV NBC SAN ANTONIO , TX
KPXL -TV PAX SAN ANTONIO , TX
KCOY -TV CBS SANTA MARIA , CA
KFTY -TV IND SANTA ROSA , CA
WIXT -TV ABC SYRACUSE , NY
KOKI -TV FOX TULSA , OK
KTFO -TV UPN TULSA , OK
WUTR -TV ABC UTICA , NY
WWTI -TV ABC WATERTOWN , NY
KAAS -TV FOX WICHITA , KS
KSAS -TV FOX WICHITA , KS
KSCC -TV UPN WICHITA , KS

Other

Adshel Eller Media Company - Outdoor Advertising

Clear Channel Internet Group

Katz Media Group

Clear Channel Entertainment

Premiere Radio Network

New Music Network

SFX Sports Group

Inside Radio/M Street Corporation

Katz is one of the largest advertising agencies (or it was)...the Outdoor group is a cash cow and the New Music Group handles some of the largest venues in the country.

[MamaBear]

3. Have the advertisers suddenly got hip to the idea that

nobody wants to listen to preprogrammed Clear Channel stations? Their music stations seem to reduce everything to elevator music, with slightly differently colored elevator cars.

If I had a voice in the matter, I would greatly prefer at least radio to be locally owned and operated, so that the occasional maverick could offer programming that doesn't fit the current philosophy that insists that if I listen to the same narrow playlist 24/7.

[acmavm]

5. Best radio stations (internet) radioio.com - A whole bunch

of album oriented music.

Clear channel sucks.

[HereSince1628]

4. My understanding is that Clear Channel will keep its bill-board

aka Outdoor advertising business as it considers selling off their radio interests.

[KharmaTrain]

6. This Article Sounds Like It's All On The Table

Those are the assets KKR wants...something they can turn around and sell quickly.

Rumors have flown for months about both Clear Channel and CBS selling off stations, but whose gonna buy? These companies bought out the low and mid-level companies and the over-inflated "stick" or license values make it a foolish venture for anyone to get involved in. It's like buying into a vinyl record plant right before the first CDs came out.

[HereSince1628]

7. At any rate ClearChannel Outdoor seems to be the profitable unit.

[SoCalDem]

8. My theory:

CC was "formed" to gain a monopoly for right wing opinion and to shut down small radio stations who might still want to have a "local" voice..

Now that the worm seems to have turned and is probably eating its own tail (yum)..CC seems to have no reason to exist anymore.

People all over seem to be starting to awaken from their coma and may not want to continue to listen to canned crap.

Maybe the folks at CC see a future that will be bumpy, to say the least :)

[shance]

10. Bingo.

I think you're spot on.

[KharmaTrain]

11. Actually You're Describing Salem Broadcasting

This company owns some of the most rabid hate talkers around and have done it through a lot of what you describe above.

Edward Anstlinger, the company's CEO, is a booshie pioneer and used both the "de-regulation" laws and some friendly financing to build up a network of stations that bring you the likes of Bettamillion Bennett, Sexy Laura Ingra-ham and Michael Weiner. The whole shooting match looses money but is funded by another slew of radio stations that air "dollar-a-hollah" preachers and bible thumpers amd their "Fish" stations that have cornered the "Contemporary Christian" market. Salem also works with preacher that bought up airtime on stations that aired AAR programming in Phoenix and Dallas.

CC's problems are like the major airlines...they grew fat on running up their stock prices through acquisitions in the late 90's and the more they bought, the higher the stock went...un-related to the fiscal health of the stations or the overall company. It was speculation of the broadcast spectrum and the shell game continued as long as CC could find ways to expand or manipulate the stock or refinance the debt...but it looks like the "booosh economy" finally got to them.

Sadly, it's a company like Salem that could pluck up CC stations at pennies on the dollar.

[Double T]

9. MOST of 'US' DON'T like to listen to RW neocon propoganda.........

24x7. The age old question has NOW been answered; the RW neocons DO EAT THEIR YOUNG when the almighty dollar is involved.