The almighty Davey D has thoughtfully blogged about possible fall of Clear Channel, its aftermath and resurrection:
Radio after Clear Channel will not be radio as if Clear Channel never existed.
This is the problem with bloggers: THEY GET IT WRONG AND PERPETUATE ERRORS! The major investor in Clear Channel is NOT Lee Capital Partners as "Davey D" says! Instead of doing actual research, "Davey D" has simply repeated
MORE WRONG INFORMATION as if it were the truth. A real newspaper, a real news service would not do such a thing.
Lee Capital Partners is a Santa Monica based builder of green homes. They do not invest in radio stations! The major owner of Clear Channel is a totally different company, Thomas H. Lee Capital, which is also the major stockholder of Warner Music Group, and other entertainment-related companies. Among their partners they have Edgar Bronfman of the liquor fortune. I think that Thomas H. Lee Capital can probably weather the Clear Channel storm quite nicely, thank you.