Just when you thought Clear Channel ran out of ways to shrink the company, they come up with this harebrained idea.
A corporate fatwa has been issued to local markets – they’ve even been given a deadline to comply.
Maybe this is what Bob Pittman was trying to cover up when he told The New York Times he liked his employees to dissent.
As you’ll see, I am suspecting Clear Channel is getting ready to do something drastic in order to wrestle with its $20 billion in debt.
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