And In Closing: CNN, Big Radio, Small Fry
Published: Thursday, November 16, 2006
CNN Aiding terrorists?A Midwest hotel chain has pulled CNN from the TV channel lineup in its guest rooms, saying the cable network was aiding terrorism with the broadcast of a video showing Iraqi snipers shooting at U.S. troops. Wow and here we were all this time thinking the folks at CNN were just doing their job. Clear Channel is the biggest radio broadcaster in the nation. But when it goes private the company plans to sell off over 400 of it's 1,150 stations. Does this mean they lose their status having the biggest dick in radio broadcasting? It said the station sales are not contingent on closing its deal to be taken private in a $18.7 billion buyout by the Mays family and equity firms Thomas H. Lee Partners and Bain Capital Partners LLC. The scramble for hundreds of stations could bulk up smaller players and bring in new ones, leaving an industry of many players ready to compete for advertising as well as listeners. With a new leader moving into the top job at AOL, we won't be shocked if more departures are announced at NBC Universal where AOL's new CEO Randy Falco is leaving. However the waves are already hitting shore at AOL. Blogger boss turned AOL exec Jason Calacanis has reportedly left or will leave because his mentor Jon Miller got the boot, or something like that. Labels: AndinClosing, AOL, ClearChannel, CNN |



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