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.
In the media world, there is a clear understanding that you simply do not bite the hand that feeds you. Some of the most prominent conservative talk radio hosts are earning tens of millions of dollars a year.
If you were making tens of millions of dollars a year, wouldn’t you be very careful to avoid offending your boss?
The deal in which Bain Capital became one of the owners of Clear Channel was initiated just a short time before Mitt Romney’s first run for president. The following comes from Wikipedia….
On November 16, 2006, Clear Channel announced plans to go private, being bought out by two private-equity firms, Thomas H. Lee Partners and Bain Capital Partners for $18.7 billion, which is just under a 10 percent premium above its closing price of $35.36 a share on November 16 (the deal values Clear Channel at $37.60 per share).
The deal was finalized in 2008. Today, Bain Capital is still one of the primary owners of Clear Channel.
Read More at endoftheamericandream.com
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Loading ...
This is true. I read about this in the book, “Can Mitt Romney Serve Two Masters?”. The author revealed this in her book that came out the end of this June so she was way ahead of the curve on this one. She also revealed that Mitt Romney squeezed 1.5 billion dollars out of US tax payer dollars to promote his own image in the Salt Lake City Olympics. He used more tax payer dollars in HIS image making Olympic games than all of the US Olympic games expenditures/costs, combined. He did this because he had just lost the senate race to Ted Kennedy (in 2002) and he knew he had to redeem himself in order to win a governorship in MA, which would boost his chances to someday win the Office of the Presidency for his Chruch. It’s amazing what this slick snake Romney gets away with!
are you saying that he’s any slimmier than BO? the D.C. rat pack only way anyone will ever get in there that’s half honest is if, or should I say when, the American people realize how we’re being used and come together and stop allowing them, (the criminal politicians in the district of corruption) to keep us divided. Always been a winning strategy -divide and conquer. anyway Re-elect No-One. after a few election cycles and the panic sets in, honest people who care about this country might actually get elected. Although, I’m afraid they might just end up like JFK…good site for everyone to read and think about, http://www.repblicoftheunitedstates.org just try it and think about it’s possibility of being right on target.
what’s the difference of this and Geo.Soros buying into PMSNBC and the liberal msm and Geo.Soros owning the company in Spain that’ll be counting our votes? WTF is going on in this country? Stop letting the players play us, they always win it’s a stacked deck people. Re-elect no one and maybe in 3 or 4 or 5 cycles they’ll fear us and we can turn this around, but, we have to get off the party line politics. They win with the divide and conquer strategy. We need to show 535 criminals that 300 million are more powerful, but, in order to do so we need to stand united. try this website and consider it’s real possibility of being true, http://www.republicoftheunitedstates.org