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Thanks for the reminder. Clear Channel is/was a sort of corporate vampire, moving from local radio, to billboards, to concerts, using one monopoly to leverage

Thanks for the reminder. Clear Channel is/was a sort of corporate vampire, moving from local radio, to billboards, to concerts, using one monopoly to leverage the next, extracting its value, and leaving the corpse to rot. I wouldn't be surprised if Sinclair Broadcasting is now trying a similar play with local TV.

bmm6o 9y ago
Yeah, on the one hand I'm not sad to see Clear Channel die and maybe we can get some local variety on the radio again (at least until someone executes that plan again). On the other, it's another instance of the capitalists destroying a company for profit. Thanks, job creators!
- mywittyname 9y ago
  There's still Entercom, SBC, and Cumulus to keep the oligopoly going. Interestingly enough, Bain Capital has been involved with helping all four of these companies consolidate the media landscape of the US.
  - deleted 9y ago
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