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RE: Tickets / Clear Channel
From: Alan McKendree <amck@thenetdr.com>
"The crucial and always-overlooked point is that there is a SELLING
side to transactions as well as a buying side. CC couldn't have
bought these companies if the owners hadn't sold."
The other part that is often overlooked is the financing. I understand that
CC is now swimming in an ocean of debt as a result of these buyouts.
Alan "It's a completely different problem to keep one's holdings and make
successes of them, and *that* can only be done by satisfying one's
customers."
...and paying its debts, and keeping stockholders happy.
Alan: "More likely, they'll fail in some area or another and create a
profitable area for a competitor to offer a better deal, or simply implode
(cf. the late dot-com bust, 2000 RIP."
I agree with this. No need to regulate when the market will eventually
break them up, especially in this business. Entertainment is not a
necessity of life and it does not pose a threat to the environment or
humans. Therefore, it should not be subjected to tons of regulation.
Alan: "So don't fret, conspiracy theorists."
That's cute, but a large corporation bent on taking over several segments of
a particular industry IS a conspiracy. No theory about it. If it isn't a
conspiracy, what is?
Jeff
PS. Thanks for jumping in, Alan :-)
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