Sunday, January 15, 2012

Romney's Bain Capital Buys Clear Channel Communications

Hannity, Savage, Limbaugh all anti Paul, all carried on Clear Channel stations...... just follow the money.


 SOURCE

What would it cost to buy the support of just about every nationally-syndicated neocon talk show host in America? About $19.5 Billion, which is what Mitt Romney's private equity firm, Bain Capital, and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications, the largest radio station owner in the country.
 
Ed. Note -- The original story we posted on this topic inferred that Bain Capital had recently purchased Clear Channel Communications. That is not true. The transaction took place in November of 2006. The facts remain that Bain earns a share of Clear Channel's profits and that Mitt Romney, while a retired partner, still earns money from the private equity firm.

Comments

Loading... Logging you in...
  • Logged in as
There are no comments posted yet. Be the first one!

Post a new comment

Comments by