Clear Channel – Maybe Mega-Big Is Too Big?

Clear Channel – the radio and entertainment giant, is spinning off its concert business. “Clear Channel said the IPO of the outdoor advertising unit and spinoff of the entertainment unit will result in greater financial muscle for future acquisitions, because the separately listed stocks will provide clear valuations of the two businesses. The company also said that the spinoff of the entertainment unit will allow it to operate as a largely unregulated public company, as opposed to the company’s heavily regulated radio business.”