The american way to the future ... - 2006/11/16 16:48
Thomas H. Lee Partners, the owners of the Warner Music Group just bought Clear Channel.

Now Edgar has a new toy to play with ...Cut from an already bulging post.

Doesn't this fall into the realms of a Monopoly?

It should. But then CBS Records and RCA Records were owend by radio conglomerates.

There were some US_laws against the plans of majors to create an TV channel against the MTV-monopoly, but after two decades of "de-regulation" (its more a re-regulation in the interest of big business) (almost) anything goes.

At least it will save WMG lots of money. Now they don't have to pay Clear Channel for playing Paris Hilton ...

I've been warning about this for years.