It would be hard to find a company more loathed by its competitors than Clear Channel Communications.
It recently sold its Metro Traffic operations to Clear Channel Communications (CCMO), a unit of CC Media Holdings.
Spotify offers a similar service, and so does terrestrial radio giant Clear Channel Communications, with its iHeartRadio service.
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Morgan Hoogvelt, director of talent acquisition at Clear Channel Communications Inc. in San Antonio, says that the company until recently didn't have a formal onboarding process.
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Clear Channel Communications epitomizes all three of these issues.
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That leaves a slim opportunity for the remaining shareholders to threaten to withhold support with hopes of getting a higher price, as happened in recent takeover fights at Clear Channel Communications Inc.
Chancellor Media Corp. (46, AMFM), a leveraged radio property, sells at 20 times projected free cash flow (cash flow minus necessary capital spending), while Clear Channel Communications, lightly leveraged, sells north of 30 times free cash flow.
Prior to that, Mr. Sillerman served as the Executive Chairman, a Member of the Office of the Chairman and a director of SFX Entertainment, Inc. from its formation in December 1997 through its sale to Clear Channel Communications, in August 2000.
What's to stop Clear Channel Communications, (which, since acquiring SFX Entertainment last year, has a virtual monopoly of the acts, the concert venues and the radio promotion of big rock tours in America and is now being sued by a competing promoter in Denver on precisely those grounds) from repackaging Jurassic Rock for middle-aged fans hoping to recapture a few magic moments of their youth?
Led by the NAB, broadcasters including Clear Channel Radio, Emmis Communications and National Public Radio have formed the Free Radio Alliance in opposition to the Performance Rights Act.
The latest charge:In several instances, Clear Channel is deviously using front companies to evade the Federal Communications Commission's strict ownership caps.
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