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Standing Bear wrote,
This is a stratosphere
Interesting observations da Bear. Consider Clear Channel Communications of San Antonio Texas. Now considering going private. The present management is in the hands of a wealthy family. The stock is 1/2 of 2000 price. This family has reaped huge stck and other encentives and now face super enrichment by selling out. Who is buying Clear Channel to take private and why ? Goldman sachs is " handling" the deal for management and studying offers by Texas-Pacific, Kohlberg, Blackstone Group and others. Serious money must want Clear Channel... why? Clear Channel owns 1500 some odd USA radio stations.. A few names may be recognized.. Rush Limbaugh, et.al. A conservative voice over 1500 stations is no small potaters. Scary stuff to begin with.. a single entity controlling 1500 dispersed radoi stations nationwide.. How did they get an ok from FCC to capture such a huge base? .. and better still.. who wants this asset and resource.. and why.. the what-ifs are staggering if one considers that Rush could be effectively silenced if certain parties took the 1500 stations private... while I am not a Rush fan.. I can see a danger. Anything that has a smell of Goldman Sachs scares me. Richard |

