Clear Channel: Mission Accomplished

One can't help but think of George Bush's premature "Mission Accomplished" photo op before the Iraq war was over when one thinks of Clear Channel. Clear Channel yesterday announced intentions to evaluate "strategic alternatives to enhance shareholder value" just before it retained Goldman Sachs as a financial advisor. Translated for the common folk: Clear Channel may be considering a private buyout that would put the Mays family back in total control. In fact Clear Channel never accomplished its mission. It can't seem to get the stock price above $30 a share even with the industry's largest platform of radio stations. A lot of&hellip