The Noise You Can’t Hear Yet

Call me suspicious, but the Clear Channel buyout is supposed to close shortly and Randy Michaels keeps hiring more radio people for the television and newspaper business.

What's a person to believe?

There are a lot of funny things about the Lee and Bain $29 billion Clear Channel bailout starting with the price.

That price was determined over a year ago and since then the radio business has continued to tank on every level including local and national sales and share price. Still, these folks at Lee and Bain have not asked for the usual renegotiation to obtain a more reasonable price. What's up with that?