Wouldn’t it be great if a Republican presidential prospect could just buy the support of just about every major conservative talk show host in America? Well, it may not be since far-fetched as you may think. Clear Channel owns more radio stations (850) as compared to anyone else in the United States. They also personal Premiere Radio Networks, the business that syndicates the radio shows regarding Rush Limbaugh, Sean Hannity, and Glenn Beck, among others. Of course, Clear Channel basically possesses conservative talk radio in The US. 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 Glove Romney ran for so long is one of the “big bosses” over virtually all conservative talk radio in America. Of course Glove Romney is not running Bain Capital anymore. He is a “partner”, but he or she still has a huge financial stake in Bain Capital. We’re talking about millions upon millions of dollars. In the event you doubt this, just check out page 34 of this general public financial disclosure report. So if you are already wondering why so many conservative talk show hosts are increasingly being so incredibly kind in order to Mitt Romney, this just might be the solution.
In the media world, there is a crystal clear understanding that you simply do not bite the hand that feeds you. Some of the most prominent conventional talk radio hosts are responsible for tens of millions of dollars a year. If you’ve been making tens of millions of dollars a year, wouldn’t you be very careful to avoid offending your boss?
The deal where Bain Capital became one of the those who own Clear Channel was started just a short time before Glove Romney’s first run for president.
Upon November 16, 2006, Clear Channel announced plans to move private, being bought out by two private-equity firms, Johnson H. Lee Partners and also Bain Capital Partners for $18.Seven billion, which is just under a 10 percent premium above the closing price of $35.36 a share on November 07 (the deal values Clear Channel at $37.60 per talk about).
The deal was finalized inside 2008. Today, Bain Capital remains to be one of the primary owners of Clear Channel.
One of the subsidiaries of Clear Channel is Premiere Radio Cpa networks.
Premiere Radio Networks redirects a whole host of conservative talk radio stations shows. Everyone in the conservative globe knows names such as Rush Limbaugh, Sean Hannity and Glenn Beck. Clear Channel additionally controls some other conservative talk radio hosts (such as Michael Savage and Mark Levin) that are not the main Premiere Radio family.
The power that Premiere Radio Cpa networks has is absolutely staggering. This is directly from the official Clear Channel website…. Premiere Radio Cpa networks Inc., a subsidiary regarding Clear Channel Communications, syndicates Ninety days radio programs and companies to more than 5,000 radio affiliations and reaches over 190 million listeners weekly. Premiere Radio is the primary radio network in the country and has the following personalities: Rush Limbaugh, Jim Rome, Casey Kasem, Ryan Seacrest, Glenn Beck, Bob (Kevoian) & Tom (Griswold), Delilah, Steve Harvey,Blair Garner, George Noory, John Boy and Billy, Big Tigger, Dr. Dean Edell, Bob Costas, Sean Hannity and others. Premiere is based in Sherman Oaks, Ca, with 13 offices country wide. So do you think that any of those hosting companies is going to risk viciously attacking Mitt Romney and Bain Capital during this political election season? Not likely.
One of the controversies which includes plagued Premiere Radio Cpa networks in recent years has been the pandemonium over their use of compensated actors to call in with their radio shows.
Clear Channel, through its subsidiary, Premiere Radio Networks, auditions and employs actors to call in to discuss radio shows and create as listeners in order to offer shows, carried by Clear Channel and other broadcasters, together with planned content in the form of stories and opinions. The customized caller service provided by Premiere Radio ensures its clients they won’t hear the same actor’s voice for at least two months in order to appear authentic to listeners which might otherwise catch on.
Consequently perhaps that explains wherever some of the “Romney callers” come from. There is nothing outlawed about what Romney and Bain Capital have inked, but it sure does not pass the “smell test.”
Careful talk radio has the possible ways to sway millions of conservative voters in one direction or another, and it is just not proper for Bain Capital and Romney to have such an overpowering financial interest in conservative talk radio.
E-mail, Mitt Romney is still bringing in lots of money from Bain Capital. Bain Capital and also Bain & Company continue to pour immeasurable money into Romney’s campaign coffers, is currently writing tagza.com.
