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ArtsJournal (Free subscription) | yesterday
"The deal to take Clear Channel Communications Inc. private, disclosed 20 months ago, has been the subject of a lot of static from rankled shareholders, company officials, and lenders. Delayed and downsized, the $17.9 billion deal for the nation's largest owner of radio stations and a global power in billboards will finally close a week from today if shareholders approve the $36-per-share offer tomorrow."...
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Orbitcast (Free subscription) | 07/18/2008
This Tuesday was a busy day for FCC Commissioner Deborah Taylor Tate. Not only did she meet with Sirius and XM, but she also met with various terrestrial radio parties, including Clear Channel, the NAB and Entercom. On July 15th, Mark Mays CEO of Clear Channel Communications, Inc. met with Commissioner Tate, according to a recent filing. Mays expressed "concerns" regarding the Sirius-XM merger, and...
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Say Anything (Free subscription) | 07/10/2008
From the Dakota Beacon blog: Joel Heitkamp, radio talk show host, state senator, brother of former attorney general and governor candidate, driving mouth behind the political lynching of Sandy Blunt and WSI causes his former employer, Clear Channel Communications to be fined $12,000. Twenty four hours after being informed of the FCC fine, The Bismarck Tribune remains silent on their website They will...
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The Radio Patriots (Free subscription) | 07/03/2008
From the talented internet satirists at The Nose on Your Face : Vanity Fair Contributing Editor Michael Wolff’s stunning announcement on MSNBC yesterday that “the rise of conservatism….is coming to an end” sent shockwaves through the halls of Clear Channel Communications, who only a day before had announced the signing of conservative radio icon Rush Limbaugh to a record contract through the year 2016....
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Babalu Blog (Free subscription) | 07/03/2008
Vanity Fair contributing editor says conservatism is dead and Clear Channel Communications is going to regret signing Rush Limbaugh to an 8-year/$400 million deal: “I think it’s a monster error,” Wolff said. “I know – I’m sitting here saying, ‘What...
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Denver Post (Free subscription) | 07/03/2008
Striking a deal estimated to be worth $400 million through 2016, conservative talk radio host Rush Limbaugh has renewed his contract with Clear Channel Communications and its syndication subsidiary Premiere Radio Networks.
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International Herald Tribune (Free subscription) | 07/03/2008
The deal amounts to a major bet by Clear Channel Communications that Limbaugh's brand of conservative talk will prosper well into the next decade.
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The Daily Bellwether (Free subscription) | 07/03/2008
CINCINNATI (TDB) -- "The average market cap of terrestrial radio companies has declined by a staggering 80% over the last five years." That was the word from MSNBCs Jim Cramer , who considers the radio stocks "dead air." Rush Limbaugh's employer, Clear Channel Communications, has been in a downward spiral during the Bush years like a comet being sucked into the sun (see chart above). It has seriously...
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Texas Kaos - Front Page (Free subscription) | 07/03/2008
Yes, you heard it, Rush is baaaacckkk...Striking a deal estimated to be worth $400 million through 2016, the conservative talk radio host Rush Limbaugh has renewed his contract with Clear Channel Communications and its syndication subsidiary Premiere Radio Networks. In the interview, Mr. Limbaugh said the new contract would pay him about $38 million a year for eight years. He also said he would receive...