Mitt Romney to Buy Clear Channel Communications

Mitt Romney to Buy Clear Channel Communications

LRC Blog
December 13, 2007

What would it cost to buy the support of just about every nationally-syndicated neocon talk show host in America? About $19.5 Billion, which is what Mitt Romney’s private equity firm, Bain Capital, and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications, the largest radio station owner in the country.

Clear Channel owns over 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on XM Satellite Radio, and more than 30 television stations in the United States. Premiere Radio Networks, which is the largest syndication company in the United States, is a wholly owned subsidiary of Clear Channel and is home to Rush Limbaugh, Glenn Beck, and many others. Sean Hannity recently signed a large multi-market contract with Clear Channel, as well.

From an anonymous email:

“I’ll bet those hosts won’t reveal that conflict of interest, but it’s worth noting when you hear them begin hyping Romney, which has already begun. A lot of GOP supporters will support whomever they are told to support, so be prepared for a big push for Romney. On the bright side, Romney has more vulnerabilities than Rudy, based on his record. Look at this as the GOP establishment doing us a favor. Rich men can bankroll their own campaigns (a la John Kerry), but it takes a special breed to use investors’ money to buy entire networks that can operate as passive wings of a presidential campaign.”

Romney buys the support of almost every nationally-syndicated neocon talk show host in America…x?PressReleaseID=1824

Romney Supporters Caught Voting Multiple Times In Florida Straw Poll….ultiple-times-in-florida-straw-poll/


2 Comments so far
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HAHAHA!! He’s Murdoch’s competition, plus anyone who knows he has his own media/news paper, will no longer believe him. Reason being: Its more than just us Ron Paul supporters who are sick & tired fiat media. We’ll bust his market just like we’re doing Murdochs**Boycotts still on by the way** He dosent have a blimp, a race car, or one of the Worlds largest Limo ..Painted beautifully as a RP tribute. “Thats popular” so is $3.4 mil in a day and $6 million in a day.
Quit snorting hair spray Mitt!!! RP will win no matter what & we will drive your stock down to the ground, just like we did fox aka news corp.

Comment by chere

I think we should quit focusting on Mitt and focus on other canidates. If Ron Dsnt make it i think Mitt would’nt be a bad second choice.

Comment by j dog

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