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"OlBlueEyes" wrote in message ... DSK wrote in : OlBlueEyes wrote: wrote in oups.com: Any chance Clear Channel bought Sirius? Nominee for today's "dumb as a post" post. In about 5 mouse clicks you can find out that Sirius is an independent company (NASDAQ: SIRI). Hello? Hello?? He was asking a question, not making a statement. Is anybody home? Yes, but he asked a question the answer to which is simple to find. Then he used a supposition of the wrong answer to the question to fuel the remainder of his post. That's how you guys "spread" your message, by buying up and silencing other voices. Must be some really obvious advantages to the philosophy you espouse when silencing dissent is the first item on the agenda. A purchase requires a seller. Perhaps the angelic voices of dissent you cite are just greedy businesspeople who sell out when CC offers them big bucks for their stations. Or perhaps, since they are businesses, they are subject to buy-outs just like Chrysler, Disney, etc etc. I'm not sure why you mention Disney; it is an independent company. Anyway, Chrysler had to APPROVE its acquisition by Daimler-Benz. And even so-called "hostile" takeovers are so named only because the buyer is bypassing negotiations with the management of the company being bought - the buyer still has to buy shares on the open market from the current shareholders, and if enough refuse to sell, the takeover attempt fails. You're stuck on the idea of public companies. From an interview a couple of years back with some broadcasting consultant: In smaller markets, many of the companies bought up by Clear Channel are privately held. They're run by employees, and the third generation of family just sits in the background because they inherited it and aren't much interested in the business. They wait for a buyer to come along, and there goes the radio station. Not much different than reluctant owners of farms who inherited them from grandpa, never touch dirt, rent the land to a farmer for his use, and sell out to a developer when one comes along. |
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