The first option is to buy some time from the lenders that are trying to get their money back from Clear Channel. Next would come more loans or a debt swap. The company would pay off some of their debt with whatever they can beg, borrow or steal from someone out there that has money to burn. While Clear Channel looks for an angel, things won't be getting any better as Q4 wraps...
So how did the largest owner of full-power AM, FM and shortwave radio stations, 12 radio channels on Sirius XM - the largest pure-play radio station owner and operator in the U.S. reach their current dismal state? A good place to start would be by asking Mark Mays, former CC president and CEO who wisely bailed out last summer...
10 Timeline Memories:
1.1903] "But oh how they could harmonize": "Sweet Adeline" is sung for the first time by a barbershop quartet in New York City...
2.1932] Debuted on this date: Radio City Music Hall opens to the public...
3.1947] Hey kids, what time is it? "Howdy Doody" debuts on NBC-TV hosted by Buffalo Bob Smith…
4.1967] Knicked: Red Holtzman replaces Dick McGuire as New York Knicks coach. Holtzman turns the Knicks around and wins 2 NBA titles before retiring in 1982...
5.1968] Curtains: "The Breakfast Club" with Don McNeill signs off for the last time on ABC Radio after a run of 35 years...
6.1971] "They say we're young and we don't know": "The Sonny & Cher Comedy Hour" begins airing as a regular series on CBS-TV after starting as a summer replacement on August 1, 1971...
7.1985] "Happy Trails": Dian Fossey, 53, American naturalist who studied gorillas in the wild, is found murdered at a research station in Rwanda by an inhumane human...
8.2001] Talibanned: U.S. officials announce that Taliban and Al-Qaeda prisoners will be held at the U.S. Naval Base at Guantanamo Bay…
9.2007] Death by assassination: Former Pakistani Prime Minister Benazir Bhutto is assassinated in a bomb and shooting attack as she left an election rally in Rawalpindi...
10.2008] Having a baby: Alaska Governor Sarah Palin's 18-year-old daughter Bristol gives birth to a son - Tripp...
R.I.P. Teena Marie, who considered herself "a black artist with white skin", was found dead at her home in Pasadena from natural causes at 54. Marie, a protegee of the late Rick James, signed with Motown Records in 1979 but had her biggest hit with "Lovergirl" on Epic Records in 1984...
Music Memories:- 1975] Released on this date: "December, 1963 (Oh, What a Night)" - Four Seasons (without Frankie Valli singing lead)...
"Happy Birthday...happy birthday": Arthur ('Scud Stud') Kent (57), Tovah Feldshuh (58), Gerard Depardieu (62), Mick Jones of Foreigner (66), Cokie Roberts (67), John Amos (71) and legendary Sun Records musician Scotty Moore (79)...
Timeline Countdown: 4 nights until New Year's Eve, 12 days until the NFL Wild Card Playoffs, 19 days until the NFL Divisional Playoffs, 20 days until MLK Day & 27 days until the NFL Conference Championships...
