January 15, 2012 /

Bain Capital Is A Major Owner Of Clear Channel (Updated)

Now this is really interesting: Wouldn’t it be great if a Republican presidential candidate could just buy the support of just about every major conservative talk show host in America? Well, it may not be as far-fetched as you may think. Clear Channel owns more radio stations (850) than anyone else in the United States. […]

Now this is really interesting:

Wouldn’t it be great if a Republican presidential candidate could just buy the support of just about every major conservative talk show host in America? Well, it may not be as far-fetched as you may think. Clear Channel owns more radio stations (850) than anyone else in the United States. They also own Premiere Radio Networks, the company that syndicates the radio shows of Rush Limbaugh, Sean Hannity, and Glenn Beck, among others. Needless to say, Clear Channel basically owns conservative talk radio in the United States. So who owns Clear Channel? Well, it turns out that Bain Capital is one of the primary owners of Clear Channel. Yes, you read that correctly. The company that Mitt Romney ran for so long is one of the “big bosses” over virtually all conservative talk radio in America. Of course Mitt Romney is not running Bain Capital anymore. He is a “retired partner”, but he still has a huge financial stake in Bain Capital. We’re talking about millions upon millions of dollars. If you doubt this, just check out page 34 of this public financial disclosure report. So if you have been wondering why so many conservative talk show hosts are being so incredibly kind to Mitt Romney, this just might be the answer.

This week right wing talkers like Hannity and Limbaugh started attacking any GOP candidate that was going after Romney’s Bain years. Now we know why.

And full disclosure be dammed here. At least MSNBC announces that they are partners with Bain in the Weather Channel. The right doesn’t feel you have a right to know. It might prevent Republicans from being so subservient to big businesses influence.

UPDATE:

And this is really interesting timing:

Clear Channel Radio, the leading media company in America with a greater reach in the U.S. than any other radio or television outlet, today announced it has changed its name to Clear Channel Media and Entertainment to better reflect the evolution of its business

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