Quote:
Originally posted by DeltAlum
I understand. But the points the last couple of posts were meant to convey is that this is the beginning of what could well be a very long and bloody process, and that it isn't just Clear Channel and Stearn who are involved. They're just the tip of the iceberg.
What is interesting is that Mel Karmazan, the CEO of Viacom is one of the big movers and shakers about cleaning everything up, after appearing before Congress -- and Viacom owns CBS (Superbowl), MTV and Infinity Broadcasting -- Stern's present employer.
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Isn't there a heavy movement in the industry towards conglomeration with rapid mergers and acquisitions? Who do you think controls the politics of that?
-Rudey