Clear Channel Controlling the airwaves

It’s no secret that most media moguls like to exercise iron-clad control over their companies. Think of Rupert Murdoch at News Corp., Sumner Redstone at Viacom or the New York Times’s Sulzberger dynasty. So it must be a considerable drag for the Mays family to have such a soft grip over US radio behemoth Clear Channel. The 9% chunk of stock they own alongside senior management makes them trapped. The price has lagged for years - it is nearly half the price it was six years ago - despite having ...