My question to Mr. Copps and to our distinguished representatives in Washington is, who should own radio stations? They don't seem to care for the public market and they have "misgivings" about private equity--who's left?
Last summer, Reps.
John Dingell, D-Mich., and Edward Markey, D-Mass., chairmen of the House Commerce Committee and of the Telecommunications Subcommittee, respectively, expressed concern in a letter to Federal Communications Commission Chairman Kevin Martinabout the increasing role of private equity in media consolidation.
Michael Copps, the senior Democrat on the FCC, has repeatedly stated his misgivings about the number of deals in which private investors have been involved.
Tuesday, March 11, 2008
Who Should Own Radio Stations?
From the same Dow Jones story reporting on the Clear Channel deal and the company's future comes this: