Skip to main content

Rush, Sean, and Glenn work for Clear Channel.  Romney's Bain Capital owns Clear Channel and controls the board of directors.  So, Romney and the GOP own their very own propaganda machine.  Classic GOP tactics.

Jpeterson covered this story on May 26, 2012 but the story needs to be broadcast often.  Please read this article for the details.  

Mitt Romney's Secret Weapon: Clear Channel Radio

Here's where the lawyers among us need to step in.  

The Department of Justice Civil Action No. 1:08-cv-00245

UNITED STATES OF AMERICA
Department of Justice, Antitrust Division    
325 7th Street, N.W., Suite 300
Washington, D.C. 20530,  
                  Plaintiff,

v.

BAIN CAPITAL, LLC
111 Huntington Ave.
Boston, Massachusetts 02199,

and

THOMAS H. LEE PARTNERS, L.P.
100 Federal St. 35th Fl.
Boston, Massachusetts 02110

and

CLEAR CHANNEL
COMMUNICATIONS, INC.
200 E. Basse Rd.
San Antonio, Texas 78209,

                  Defendants.

Yes, the Bain Et Al Clear Channel and huge radio station buying spree sparked an Anti-Trust action by DOJ.

Sadly, like all other cases in the past 10 year it seems to have ended as follows:

FINAL JUDGMENT

WHEREAS, plaintiff, United States of America, filed its Complaint on February 13, 2008, the United States and defendants Bain Capital, LLC ("Bain"), Thomas H. Lee Partners, L.P. ("THL"), and Clear Channel Communications, Inc. ("Clear Channel"), by their respective attorneys, have consented to entry of this Final Judgment without trial or adjudication of any issue of fact or law, and without this Final Judgment constituting any evidence against or admission by any party regarding any issue of fact or law;

AND WHEREAS, defendants agree to be bound by the provisions of this Final Judgment pending its approval by the Court;

AND WHEREAS, the essence of this Final Judgment is the prompt and certain divestiture of certain rights or assets by defendants to assure that competition is not substantially lessened;

AND WHEREAS, the United States requires defendants to make certain divestitures for the purpose of remedying the loss of competition alleged in the Complaint;

AND WHEREAS, defendants have represented to the United States that the divestitures required below can and will be made and that defendants will later raise no claim of hardship or difficulty as grounds for asking the Court to modify any of the divestiture provisions contained below;

NOW THEREFORE, before any testimony is taken, without trial or adjudication of any issue of fact or law, and upon consent of the parties, it is ORDERED, ADJUDGED AND DECREED:

So, does Bain Capital Et Al still run the Board of Directors?  There are so many Clear Channel documents on the DOJ site who can ever know?

The FCC has slammed Clear Channel for Obscene, Profane & Indecent Broadcasts: Notices of Apparent Liability costing Clear Channel about $1.4 million dollars in fines.  Nice company.

And, if confusion can be used to hide sin, the SEC listings for "Bain Capital" is breathtakingly complex.

Great lawyers and great accountants are great allies when the great quest for greed and power are in play.  Bain and Romney have both.

Here's the SEC listings for Clear Channel.

With Newpapers stripped to the bone, I'd say we have snow ball's chance in hell of anyone doing the needed investigative reporting to learn about Bain & Clear Channel.  It would take a team and some complex data systems.

But this we can know:  Rush, Sean, and Glenn are paid the big bucks to put lipstick on the Romney pig and to smear Obama.  It's an unfair advantage, always has been.

Originally posted to War on Error on Sat Jul 14, 2012 at 08:34 AM PDT.

Also republished by Sluts and The Bain Files.

Poll

Can Mitt & GOP Machine Buy this election?

59%174 votes
40%117 votes

| 291 votes | Vote | Results

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site