Standing Bear wrote,

This is a stratosphere
of inflated salaries that can disappear in a heartbeat along with
the standards of living to which these pampered darlings have
become accustomed. 

 

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

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