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Clear Channel filed comments in the latest rounds of the FCC's ownership proceedings suggesting that a single owner should be allowed to hold up to a dozen licenses in a single large market. The Telecom Act of 1996 only allows eight - up to 5 FM and 3 AM.
All-Access.com reports the company's comments included, "The terrestrial radio broadcast industry is in dire need of an economic jumpstart. Easing the local radio ownership limits, at least in the largest markets, will recapture investors' interest in radio broadcast companies. It will also stimulate the long-dormant market for radio station transactions." The company also suggests that broadcast radio remains one of the least consilidated of major industries in the country and faces robust competition from satellite radio and Internet-radio based services.
Readers’ Forum
Anyone who doesn’t think Cheap Channel has a vested interest in this issue must have been born yesterday. Clear Channel is the MAIN REASON people are turning to satellite radio and such. Odds are most of the stations you can listen to in your area are redneck news/talk, classic rock, country, oldies and Top 40. There isn’t enough variety om radio to blow your nose on. And you can blame all that on Clear Channel and its self-serving RW agenda.
Rick - July 16, 2010 at 10:58 pm
I don’t this CC necessarily has a RW agenda, it’s just what makes this money. If they could put on left talkers and make money they would.
Other then that Clear Channel is garbage. I turn on WXDX- a supposed rock station, most of it is either older tunes or new tunes that are barely rock if not something completely terrible.
Dave - July 17, 2010 at 8:06 pm