Eugene David ...The One-Minute Pundit |
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Friday, April 29, 2005
EXCELLENT NEWS:
Clear Channel Communications Inc., the nation’s top radio broadcaster, on Friday said its profit fell by more than half in the first quarter as its plan to shorten ads and commercial breaks during programs dragged down revenue. Clear Channel also announced plans to spin off its live-entertainment business and launch an initial public offering for 10 percent of Clear Channel Outdoor, which sells about $2.5 billion of billboard ad space each year. TRANSLATION: People HATE your RADIO, little MR. MAYS, not EVERY Broadway show's a masterwork like KERNGERSHWIN HAMMERSTEIN'S, and look for the stock to TANK TODAY! CORRECTION: Look for the stock to JUMP today as Cheap Channel shareholders delude themselves with their "special dividend"!
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