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Tuesday, August 14, 2012 12:58:37 AM
Will CC acquire ICPA? Stick with me here fellow Honey Badgers. But today, Clear Channel acquired WOR in New York. Read the article and see the nice references to entertainment, advertising, and international. A day after announcing comeedy channels. Staffers were informed during a mandatory meeting this morning. Wonder if Steve was there. HHHmmmm.
http://www.mediabistro.com/fishbowlny/clear-channel-to-purchase-wor-radio_b66068
Now, see the 8/10 - last Friday - article on The Motley Fool about Free Cash Flow and how CC uses 70% of it's FCF for capital acquisition.. Personally, I believe the article shines light on a growth strategy, as well as prudent forward thinking. All that's missing is an owned and operated TV station, and a way to drop city specific sites from airports to radio, to TV, coupled with club reservations access to hundreds..make that thousands of cities...around the world.. Here is the link to the article.
http://www.fool.com/investing/general/2012/08/10/1-thing-to-watch-at-clear-channel-outdoor-holdings.aspx?source=itxsitmot0000001&lidx=1
If Clear Channel bought it now, it would save tons of millions before it pops.
Just a personal idea, so please, no tomatoes or eggs. Just my personal belief that we are about to see advertising taken to a new level, and Clear Channel has eyes focused on Lamar. ICPA may be the cotter pin.
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