I would very much appreciate your feelings on this. Thank you.
I just learned that Mitt Romney's private equity firm, Bain Capital , and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications , the largest radio station owner in the country for 19.5 Billion. This is the release from Clearchannel's website:
http://www.clearchannel.com/Corporate/PressRelease.aspx?PressReleaseID=1824
and BAIN CAPITAL::
http://en.wikipedia.org/wiki/bain_c...
Clear Channel owns over 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on Satellite Radio, and more than 30 television stations in the United States. Premiere Radio Networks , which is the largest syndication company in the United States, is a wholly owned subsidiary of Clear Channel and is home to Rush Limbaugh, Glenn Beck, Sean Hannity and many other household names.
Could it be that Romney will use his new-found media outlet as a passive wing of his Campaign?
2007-12-14
04:11:16
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8 answers
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asked by
big-brother
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Politics