Not well known is that Clear Channel was part owner of XM, which later merged with competitor Sirius. As a result of that investment, Clear Channel had a right to program some of XM’s channels – that’s why you hear Glenn Beck and Quinn & Rose on satellite radio.<\/p>\n
Clear Channel just cashed out their investment in XM. The new CFO has $20.4 billion in debt staring at him, and the $134 million from the sale does not have restrictions in what it can be used for. Perhaps they’ll buy WGN in Chicago… Who knows<\/p>\n
I had heard a host say a few days ago that Clear Channel’s programming would be ending. Sirius\/XM has a policy against commercials on its channels and XM and Clear Channel butted heads originally that CC wanted ads on their channels, so I’m sure Sirius\/XM is glad to hear this news.<\/p>\n","protected":false},"excerpt":{"rendered":"
Not well known is that Clear Channel was part owner of XM, which later merged with competitor Sirius. As a result of that investment, Clear Channel had a right to program some of XM’s channels – that’s why you hear … Continue reading