Clear Channel's stock price is now under $30.
Down to $29.76 as it closed yesterday on a trading session that saw the Dow drop 370 points on continued fears of a recession. You may remember CCU was once a $90 stock way back when.
The recent and infamous John Hogan memo calling for deeper cutbacks ahead of the potential closing of the sale of Clear Channel to investment banks Lee & Bain was like asking a super model to not eat.
Now Mark Mays emails his employees with a truly clueless "win one for the Gipper" essay.
First of all, why is this man writing emails?
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