Forces of Evil - Part II

While I would love to say hello to this (hint, hint) -- Cher is once again saying farewell for the very last time, (maybe) tomorrow night. By the way, Clear Channel produced her tour.

In this post a few months back, I summoned all my telepathetic powers and predicted that sooner or later Fox would own Clear Channel.

This story makes me wonder if moves aren't underway for Murdoch's evil empire to start acquiring more stock in the Texas-based radio conglomerate.

Tapping into my inner Madame Zorenka, fortune teller, soothsayer, prophetess....I predict that Fox will initially buy CC's outdoor entertainment component (which produces the largest tours in the country) thus giving them more power to control what you see and experience. The added benefit: higher dividends for Fox shareholders.

Because, kids....it's profits over people.

Or the spin-off of the outdoor business is simply a move to shore up the key piece Fox wants: your radio. Every single one of them.

We'll just have to wait and see. Moo haa haaaaaa.

NEW YORK (Reuters) - Clear Channel Communications Inc., the largest U.S. radio station chain which has been battling falling audiences, on Friday said it will spin off its unit that produces live entertainment and sell about 10 percent of its outdoor advertising business in an IPO.

Posted April 29, 2005 12:59 PM