Saturday, April 30, 2005

Clear Channel profits dropped 25%! Breaking up!

Clear Channel is splitting up their business, dropping their concert unit and 10% stake in billboards according to a Mercury News article. Their radio advertising slump caused a 25% drop in stock in the past year, 59% in the first quarter.

I'd like to think increased public awareness is playing a role in the decrease in profits for this monolith that is a huge supporter of Bush and the Republican party.


Anonymous said...


Anonymous said...

It's beginning to look like Christmas (Ok, So we're barely over Halloween)! But it's time to be begging to think a lot like kid christmas movie , : - )

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