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Community Welfare

Clear Channel, the Monopoly

Clear Channel, the Monopoly

How big is too big?  For many people, that is the question regarding Clear Channel Communications, which owns over 1,200 radio stations in the United States and has been involved in a series of anti-trust lawsuits since the early 2000s.  In 2005, Clear Channel earned $936 million, much of it from the spinoff of its concert-management unit and the public sale of a stake in its billboard division. And though Clear Channel radio division is beginning to feel the challenge of satellite radio, the company’s influence on what music the public listens to is being felt across the country.

October 8, 2007

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