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

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KharmaTrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-20-04 11:57 PM
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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.
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