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
- Entercom's War Against CBS Radio
- The Future of iHeart’s 850 Stations
- The Real Cumulus Financials
- Entercom -- $4 Stock by the End of the Year
- What's Holding Up Liberty's Takeover of iHeart
- Townsquare Adrift
- Entercom’s Real Problems
- Cumulus Lenders Blindsided
- $72 Million More in iHeart Bankruptcy Bonuses
- Shakeup at SiriusXM, Pandora