It's funny, right? > ---------- > From: EclecticHours - Paul Porzio > Sent: Tuesday, June 10, 2003 12:48 PM > To: eclectichours@cox.net > Subject: Clear Channel Acqures FCC (Funny, but should we be > laughing??) > > WASHINGTON (AP)-- The Federal Communications Commission > (FCC) announced today that it has agreed to be acquired by Clear > Channel Communications (CCU) of San Antonio, Texas. > > In announcing the deal, FCC Chairman Michael Powell said "This > transaction will greatly expedite the demise of the antiquated concept > of local ownership of media outlets. Critics of deals such as this need > to understand that Clear Channel embodies all that is good and > decent in the broadcast industry. Anyone that believes otherwise > clearly isn't listening to the news." > > In a statement issued today, Clear Channel CEO Lowry Mays said > "This acquisition is a perfect strategic fit for Clear Channel. The FCC > has been a wonderful business partner for the past several years, and > has carried out our directions with great enthusiasm. We are proud > to welcome the FCC into the Clear Channel family of companies." > > Although terms of the deal were not immediately available, It is said > that the acquisition will include all components, operating units and > assets of the FCC, except for its soul, which was sold in a prior > transaction to Satan, Inc. in 1996. > > Clear Channel, which owns broadcast facilities, shopping malls, > billboard advertising, and concert promotion units all across North > America, has been on an acquisition binge for the past several years, > and has recently broadened the scope of its acquisitions to include > government entities. > > In a recent deal, CCU purchased a 50% interest in the U.S. Congress, > and is reportedly close to striking a deal to purchase The White > House. > > Clear Channel's Stock stood at $42.09 at the close of Monday's trading, > up $1.39, or 3.42% > Take care, Gregory david Stempel FIREFRAMEi m a g i n g www.americanphotojournalist.com "The brave ones were shooting the enemy. The Crazy ones were shooting film."
