SAN ANTONIO - CC Media Holdings Inc., the parent of radio broadcaster Clear Channel Communications Inc. and operator of five Toledo-area radio stations, this week reported a first-quarter loss of $418 million.
The disappointing earnings, which followed two rounds of layoffs affecting 2,400 employees, compare with an $800 million profit in the year-earlier period.
How about that. Seems people are growing tired of listening to the blow hard babble on Clear Channel. Maybe their audience has wised-up and realized that they've been hoodwinked for the past decade or so by the likes of Hannity, Beck and Limbaugh. Or maybe they're just dying off with no younger replacements. What 20-something would care to listen to the nonsensical tripe flowing from the mouths of any of these dolts?
Further, one may recall how Clear Channel was the media monkey for the Bush War on Iraq with parking lot parties, flags, and 'patriotic' speeches prior to the preemptive invasion in early 2003- freedom fries and all. That was a load of crap.
Rather, it seems 'clear' from the last election that Americans are pretty much done with right-wing noise outlets and prefer to get their 'news' from more reliable sources. The ditto machine has run out of fluid. C'est la vie!
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