Clear Channel, the largest radio broadcaster in the U.S., has agreed to pay $1.75 million in fines over on-air comments by shock jock Howard Stern which the FCC has deemed “obscene.” The amount being shelled out is a record in the industry, and while the FCC is trumpeting the settlement as a “victory for the American public,” it is likely that Stern will use the occasion to take his bombastic campaign against President Bush and the conservative-controlled FCC up yet another notch. Clear Channel dropped Stern from all of its stations earlier this spring.