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OMFW Is this True? MITT OWNS CLEARCHANNEL?

http://mydd.com/story/2006/11/16/134450/66

HOW IS THIS LEGAL?

Mitt Romney Buys Clear Channel
by Chris Bowers, Thu Nov 16, 2006 at 01:44:50 PM EST

Rochester Turning finds this disturbing nugget on the 2008 Presidential race:

"Clearchannel just recently went up for auction. Mitt Romney's Bain Capital bought it along with Thomas H Lee Partners, but I'm not sure who owns them. The rumor on the Street was that there might be regulatory problems because the firms own positions in other media companies, but I'm not sure which ones. Article is here and Wikipedia for Bain Capital is here."

To prepare for their 2008 runs, most potential candidates stock up on staff, a Leadership PAC, and support from party leaders, advocacy organizations, and grassroots groups. Mitt Romney buys a media empire. I can't argue with what will probably be an effective strategy, but I can fear for American Democracy. Maybe Romney did this in order to match Giuliani's defacto news organization, Bloomberg. Maybe he did it to try and counter Rupert Murdoch's hold over the Bush administration via Tony Snow.

For a long time, many progressives have dismissed much established media as corporate and pro-right wing. However, with the difference between rulers of vast media empires and Republican Presidential candidates quickly disappearing, hopefully that will be a problem that the entire country will start to notice as well. While it may not be possible with Bush in the White House, we have to end media consolidtion and reinstate the fairness doctrine ASAP. Rochester Turning describes just how bad the situation is in the Flower City (that's Rochester, for you non-Upstaters):

"One of the most distressing political topics of the day is the state of our media. Did you know that of the four major television channels here, one is owned by Sinclair (FOX 31 WUHF, which comes in as Channel 7 on cable) and another (ABC 13 WHAM) is owned by Clear Channel? Sinclair, you may recall, was set to run an anti-John Kerry documentary a few days before the 2004 election until a sponsor boycott forced them to do otherwise, while Clear Channel reportedly led campaigns against the Dixie Chicks following their comments about George Bush a few years ago. Clear Channel also owns seven local radio stations."

I am sure that cities around the country are facing similar problems--posibly even worse. News Corps, Sinclair, Clear Channel, Bloomberg--tough times ahead for the So Called Liberal Media.

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elrushbo

i have been hearing Rush saying he likes alot of the values of Ron without saying the Ron part like life liberty an the persuit of happiness,and he likes conservatives like reagan. a month ago I've even heard him say he can't say Ron Paul, a day ago he was worried about his job.

please change your language.

i didnt read the article because i hate what you said (OMFG), please correct your language without mentioning F & G together, then I will read it.

Sorry

No offense intended. I am just in total complete unbelievable shock.

Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.

thank you

I feel better now.
I am trying to remove my comment but apparently since I flagged it as offensive, It wont let me remove it.
By the way I am in Canada but watching RP closely.

Any Barristers Here?

Any legal eagles know whether such an arrangement is, indeed, legal? I'd sure like to know!

(Quick; get Judge Napolitano on the line!)

I'm gonna add data here to simplify...

* * * Exposed - Romney, Bain, ClearChannel, Limbaugh Connection * * *

Limbaugh's program syndicate is Clearchannel/Premier Radio. Romney co-founded Bain Capital and still owns mega-stocks. In 2006, Bain Capital purchased/owns Clearchannel. Clearchannel is the parent company for Limbaugh's syndicated co: Premier Radio Networks.

http://www.clearchannel.com/Radio/PressRelease.aspx?PressRel...

DISCUSSION:

* I've heard Limbaugh repeatedly trash other republican candidates (including RP) but he props up Romney...even the Boston Globe noted this:

http://boston.com/news/nation/articles/2008/01/18/limbaughs_...

* Now read Huffington Post: Romney's Bain buys Clearchannel

http://www.huffingtonpost.com/2007/12/14/romneys-bain-capita...

* Now see ClearChannel's web page showing Bain Capital

http://www.clearchannel.com/Corporate/PressRelease.aspx?Pres...

* Now see Romney's tax records showing stocks in Bain:

While he is not 'employed' by the company he was co-founded, he most certainly still has an ownership stake.

See page 41 of Romney's personal financial disclosure form. In addition his individual Bain fund holdings are detailed on page 34.

http://www.opensecrets.org/pfds/pfd2006/N00000286_2006_Pres.pdf

I've quit listening to Rush---because he became a shill for Bush--while helping him destroy the republican party. I tune in during significant events to monitor Limbaugh's propaganda. I've heard him repeatedly speak ill of Ron Paul and others--while raving about Romney. Thus, this explains why Limbaugh, although claiming he doesn't endorse any candidate during primaries...is clearly endorsing Romney with kind words, and moving pro-Romney callers to the front of the line--while he trashes others, including Ron Paul, claiming no one but Romney is conservative.

Limbaugh has become a shill for Romney.

** PS: Drudge is syndicated under Bain/Clear Channel/Premier Radio too--as is Glen Beck, others listed on link above.

Neal Boortz

So is Neal Boortz owned also?

see below as to who's who

Clearchannel/Premier Radio : 'syndicates 90 radio programs and services to more than 4,600 radio affiliations and reaches over 190 million listeners weekly. Premiere Radio is the number one radio network in the country and features the following personalities: Rush Limbaugh, Jim Rome, Casey Kasem, Ryan Seacrest, Glenn Beck, Bob (Kevoian) & Tom (Griswold), Delilah, Steve Harvey, Whoopi Goldberg, Blair Garner, George Noory, Maria Bartiromo, Ty Pennington, John Boy and Billy, Matt Drudge, Art Bell, Donald Trump, Big Tigger, Bob Costas and others. Premiere is based in Sherman Oaks, California, with 13 offices nationwide.'

Yes...

And Clearchannel is the parent company for Premier Radio that syndicates Rush Limbaugh/Beck/Drudge and more. Rush brags up Romney only while trashing RP and others. Romney owns mega stocks in Bain still.

Let me go find my node and I'll put up my prior post with data.

northstar's picture

And ...

Coasttocoast radio is also on Premier too, thanks for the info, I did not realize this. Now I wish Coasttocoast would find a new outlet.
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I

just put up my former post with data and links to support this and more.