Some Candidates Buy Ads, Mitt Romney Buys Clear Channel

December 13, 2007
Mitt Romney to Buy Clear Channel Communications
Posted by Chris Brunner at December 13, 2007 12:25 PM

What would it cost to buy the support of just about every nationally-syndicated neocon talk show host in America? About $19.5 Billion, which is what 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.

Clear Channel owns over 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on XM 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, and many others. Sean Hannity recently signed a large multi-market contract with Clear Channel, as well.

http://www.lewrockwell.com/blog/lewrw/archives/017694.html

Posted in

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

these people are shameless

every day it becomes clearer that a war is unfolding in America - not between right and left, but between zionists and anti-zionists - and the battleground is in people's minds.

---------------------------------------
"Money" has no value - people do.

qrswave | Sat, 2007-12-15 22:55

Watch and learn America. This is how it's done - buy up the public air waves and flood your campaign message far and wide. If you get elected, you can divest at a nice profit.
Never mind about conflict of interest, this gang rape all takes place behind the corporate veil.

Claymoremind | Sun, 2007-12-16 00:34

Damn you did it again girl lol

Ognir | Sun, 2007-12-16 01:47

unclesam wakeup

It ain't racism when it's the truth!

by Grim Reaper

US Gross National Debt

Just Foreign Policy Iraqi Death Estimator