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View Diary: DING DING DING - Wall Street Rings Loss Of Millions (& Millions) For Limbaugh & Clear Channel (116 comments)

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  •  I tried to look up their stock price today (3+ / 0-)
    Recommended by:
    elwior, white blitz, joynow

    I may not have found the right stock to look at.
    Clear Channel Media Holdings (CCMO) has about 26 million shares outstanding.  Today they closed up fifteen cents, at $3.00, on volume of 10,000 shares.  Average volume is 2100 shares.  Anything that thinly traded is hardly indicative of much.  It may not be the right stock.  It may be the right one; they were taken private, and a few shares may now be traded on the OTC market.  If so, the whole company is worth about $75 million.  But on paper, Clear Channel has a net worth of NEGATIVE eight billion, or somthing like that.

    We're all pretty strange one way or another; some of us just hide it better. "Normal" is a dryer setting.

    by david78209 on Fri May 03, 2013 at 02:32:58 PM PDT

    [ Parent ]

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