Tell Clear Channel to Go to Zell

When The Wall Street Journal reported yesterday that Clear Channel's privatization deal was near collapse it sent shock waves throughout the radio industry.

This ill-conceived way for the Mays family to have one more payday has been teetering on the brink for well over a year.

I say teetering because the economy and the radio industry has been declining since the ink dried on the agreement.

The $19.5 billion price was wrong from the start. You'll remember Clear Channel tried to do the deal at a lesser price than $39 a share, but was forced to up it.

All during the tough times, Clear Channel tried to keep Thomas&hellip