Clear Channel Communications Inc.

Parent firm of WSPD owner loses $418M

CC Media Holdings Inc., the parent of radio broadcaster Clear Channel Communications Inc. and operator of five Toledo-area radio stations, this week reported a first-quarter loss of $418 million.

The disappointing earnings, which followed two rounds of layoffs affecting 2,400 employees, compare with an $800 million profit in the year-earlier period.

http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20090513/BUSINESS0...

Wow - Mitt Romney buys Clear Channel

He must really want to be President! To go and buy over 1100 radio stations. I'll be curious when our local dunder heads over at WSPD will start kissing up to him...

Clear Channel Communications, Inc. Enters into Merger Agreement with Private Equity Group Co-Led By Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P.

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