- Clear Channel agrees to $19 billion takeover…
Clear Channel has agreed to be acquired for about $18.7 billion by an investment group. Clear Channel also said it plans to sell 448 of its radio stations, all located outside the top 100 markets, as well as its 42-station television group, which are also located in smaller markets. Clear Channel has instituted several measures to try to win listeners back, including cutting back on the number of commercials.
Too late to win back listeners, many kids tuned out and too late to win them back. It’s amazing Clear Channel didn’t see the brick wall, so instead they ran into it head first.
- Rock band Faktion has been dropped by Roadrunner.
- Moby on CNN..
The Scene: What do you love most about New York?
Moby: New York without Central Park would be like some big terrifying Asian city thatdoesn’t breathe. No city planner would ever think of building it now – a park that’s five miles by one mile of the most expensive real estate in the world