Saturday, April 30, 2005

Good News

Clear Channel:

Clear Channel Communications, the world's largest radio broadcaster, will spin off its live-entertainment unit and sell shares in the billboard business after a radio-advertising slump caused the stock to drop 25% in the past year.

Though not talked about quite as much, a huge problem with Clear Channel has been the cross-promotion of their concerts on their radio stations, putting non-Clear Channel artists/venues at a distinct disadvantage...