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  1. #1
    Senior Member jp_48504's Avatar
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    Mitt Romney's VC Firm to Buy Clear Channel

    December 14, 2007
    Mitt Romney's VC Firm to Buy Clear Channel
    Posted by Chris Brunner at December 14, 2007 10:25 AM


    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. This is part of a negotiation that has been pending for over a year.

    Clear Channel owns more than 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on XM Satellite Radio, and more than 30 television stations in the United States. Premiere Radio Networks, which is the largest syndication company in the United States, is a wholly owned subsidiary of Clear Channel and is home to Rush Limbaugh, Glenn Beck, and many others. Sean Hannity recently signed a large multi-market contract with Clear Channel, as well.

    From an anonymous email:

    "I'll bet those hosts won't reveal that conflict of interest, but it's worth noting when you hear them begin hyping Romney, which has already begun. A lot of GOP supporters will support whomever they are told to support, so be prepared for a big push for Romney. On the bright side, Romney has more vulnerabilities than Rudy, based on his record. Look at this as the GOP establishment doing us a favor. Rich men can bankroll their own campaigns (a la John Kerry), but it takes a special breed to use investors' money to buy entire networks that can operate as passive wings of a presidential campaign."

    It should be noted that Mitt Romney, while no longer the CEO, remains a silent partner of Bain Capital.

    http://www.lewrockwell.com/blog/lewrw/a ... 17694.html
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  2. #2
    Senior Member jp_48504's Avatar
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    Gee, no wonder Glenn Beck was sucking up to him so much today.
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  3. #3
    Senior Member MyAmerica's Avatar
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    What will become of freedom of speech and freedom of the press?

    The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is.
    Winston Churchill
    "Distrust and caution are the parents of security."
    Benjamin Franklin

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  4. #4
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    Quote Originally Posted by MyAmerica
    What will become of freedom of speech and freedom of the press?
    Ever heard of 'Newspeak'?

  5. #5
    Senior Member MyAmerica's Avatar
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    PinestrawGuys wrote:
    Ever heard of 'Newspeak'?
    No I haven't--is this what you're referring to?
    http://www.newspeakblog.com/

    or
    http://en.wikipedia.org/wiki/Newspeak

    Newspeak is a fictional language in George Orwell's novel Nineteen Eighty-Four. In the novel, it is described as being "the only language in the world whose vocabulary gets smaller every year." Orwell included an essay about it in the form of an appendix[1] in which the basic principles of the language are explained. Newspeak is closely based on English but has a greatly reduced and simplified vocabulary and grammar. This suits the totalitarian regime of the Party, whose aim is to make any alternative thinking ("thoughtcrime") or speech impossible by removing any words or possible constructs which describe the ideas of freedom, rebellion and so on. One character says admiringly of the shrinking volume of the new dictionary: "It's a beautiful thing, the destruction of words."

    Fences make good neighbors.
    "Distrust and caution are the parents of security."
    Benjamin Franklin

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  6. #6
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    That's it!!

  7. #7
    Senior Member MyAmerica's Avatar
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    Thanks for the info PinestrawGuys

    "Walk softly, and carry a big stick." Teddy Roosevelt
    "Distrust and caution are the parents of security."
    Benjamin Franklin

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  8. #8
    Senior Member Americanpatriot's Avatar
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    It's truely amazing what jerks will go thru/spend to control us. With all their money you'de think they would be happy to just go enjoy life and LEAVE U.S. ALONE - but NO!!!!!!!!!!!!!!!
    <div>GOD - FAMILY - COUNTRY</div>

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