Jeff,
Here in Denver, they are reporting that Clear channel has been completely
bought out by these private investors. They claim the change over will take
up to a year because 400 smaller stations have to be sold off as a part of
the deal. They also are reporting that the new owners will focus on the top
100 radio station markets, whatever that means. I thought they owned 1600
stations based on an article I read a year ago or so and they had lost 1
billion dollars at that point in one year.
Phil.