Clear Channel finally set a date for the shareholder vote that would allow it to go private and make a fortune for the Mays principals and their Wall Street cronies.
The date they chose was at the very end of the legal limit -- imagine that, Clear Channel pushing the legal limit -- the end of September.
Clear Channel has to win the vote.
There is no Supreme Court available to steal this election. And in the state of Texas, when a shareholder fails to return their proxy, it's counted as a "no".
Meanwhile the buyout price is $39.20, but Clear Channel's stock has been bouncing between the low $30's to the high $30&hellip
Recent Posts
- Connoisseur Undoing Alpha
- Radio’s Next Roll-Up
- No iHeart AI DJs, BUT …
- Townsquare Consolidation Without Buying Stations
- The Invisible Digital Ads
- iHeart’s Convenient Gen Z Research
- iHeart’s Foreign Ownership Hall Pass
- Radio’s Self-Inflicted Markdown
- Cumulus’ Death Spiral
- Inside iHeart’s Barter Machine