Though Clear Channel may possibly be shopping itself around, the Mays family that runs the company sits quite pretty. Should the company be sold and Lowry and his two boys be asked to leave, their golden parachutes call for tens of millions of dollars in stock and cash payments each: even the taxes on that income will be paid for by the company.
There is some evidence that Clear Channel has begun quietly selling off selected properties, specifically involving “support businesses” and clusters of radio stations in smaller markets. This would make sense as the company cleans up its books to position itself in the best light for potential suitors to either take it private or buy it up to sell off piecemeal. Continue reading “Clear Channel: For Sale (and Selling)”
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