Posted by Jimmy on October 27, 2009 at 20:44:00:
Radio Ink is first with this breaking story in my inbox so they get the link.
I think this is a big deal.
I mean, this is Randy Mays folks. Someone radio fans and programmers have complained about for years as "too Wall Street".
If this is his fate, what can Farid and ABC expect in January when they have a 150,000,000 bill to pay?
And what does this say about the debt holders of Clear Channel. To me it sounds like they are putting their foot down and saying they want new management.
The only former CEO who comes to mind that could fix the mess is David Kennedy, formerly of Susquehana and then a repper (which didn't last long).