April 29, 2005

Ha ha

Fuck Clear Channel. From Boston.com:

Clear Channel Communications Inc., the nation's largest radio broadcaster, on Friday reported a 59 percent drop in earnings in the first quarter while also announcing it will split up its media empire by spinning off its live-entertainment division.

Let's hope the downward trend continues, and that the hypotheses are correct that bloated media uber-conglomerates will deteriorate on account of their own inefficiency and the rise of smaller Internet media.

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