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View Diary: How You, Me and 10 Million Others Could Buy Clear Channel (53 comments)

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  •  Your numbers are two low. (2+ / 0-)
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    PBCliberal, Tuba Les

    If you, me, and ten million people started buying Clear Channel stock en masse, it would cause a massive run up in the stock price.  It's supply and demand.  When you're trying to buy that much stock, the stockholders get wise and start asking for more money.  I'd multiply the cap price of Clear Channel by at least three if you want to ballpark the real cost of a hostile take over.

    •  And at the end of it all... (0+ / 0-)

      ...you get a whole bushel-basket full of old technology, which is what caused the price of these things to fall before Clear Channel and its predecessors like Paxson Communications came in and artificially inflated the price through their buyouts.

      Before the grand consolidation started taking place, fueled by the end of reasonable ownership caps, you had powerful AM radio stations dark in major markets like Denver.

      This is an attractive idea from the standpoint of power. But its a really poor one from the standpoint of acquiring something of value. We'd be far better off to take the money and build a really phenomenal multimedia presence for liberals on the web. We already have the pieces of it. Imagine what Democracy Now could do if it had the modern day equivalent of the kind of money NBC gave its news department in the 1970s.

      "If I live I'm coming back some time, and then we'll go right on practising law as if nothing had ever happened." -- Lincoln to law partner

      by PBCliberal on Sat Apr 05, 2008 at 05:58:38 PM PDT

      [ Parent ]

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