7Prime's Journal: Clear Channel Goes Private and Streamline

Clear Channel Communications Inc., the nations largest radio, billboard, and entertainment outlet, announced, this morning, their intention to sell the company to a consortium of private-equity firms for over $26 billion. In addition, Clear Channel's TV division, as well as its smallest 448 radio stations would be sold out of the company and will be looking for potential buyers.

I, myself, am an employee of a Clear Channel TV station, KTVF in Fairbanks, Alaska. This may mean a major shift for my company. Being out from under the wheels of one of the largest iron-clad media corporations in the nations may feel like a positive thing, yet I believe their decision to go private is a step forward for them and their reputation. I would have been interested to see the growth of the company out from under the talons of shareholders.

Oh well... anyone looking to buy a small local TV station in the arctic?