Clear Channel was first in every way.
First to amass over 1,000 radio stations. First to not be able to run 1,000 radio stations. First to move to sell off 400+ radio stations -- a mini-Clear Channel. First to declare victory while share prices fell from the $90 range to the $30 range. First to know when to fold 'em and get out.
But the other Clear Channel is CBS.
I'll give you that CBS doesn't have the hard nose, take no prisoners attitude of the Mays family business, but when it comes to running radio stations into the ground they are in good company -- they take a backseat to no one -- except, of course Clear&hellip
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