CLEAR CHANNEL DOES NOT OWN XM!!! CLEAR CHANNEL DOES NOT OWN XM!!!

[bbernardini]

My god, people. For a group that seems to pride itself on getting its facts straight, a lot of people have this one wrong. CLEAR CHANNEL DOES NOT OWN XM!!! It owns less than 2%, and it's getting rid of that. Hardly a controlling percentage, either way.

[Maestro]

1. Well okay

But I like my Sirius. :-)

[Fenris]

2. BUT I NEED SOMEONE TO BLAME!

:cry:

I NEED MY EVIL ALL CONTROLLING CORPORATE SCAPEGOAT TO EXPLAIN ALL THINGS!

:cry:

:D

[GHOSTDANCER]

3. 2%?

<http://www.cjr.org/tools/owners/clearchannel.asp>

[LoZoccolo]

4. Yep. 2%.

And I clicked on the link too.

[linazelle]

5. XM doesn't air Randi Rhodes--somebody at Clear Channel's sure

made sure of that. I think they own, more like 8% and apparently they have some influence.

[TrueAmerican]

8. Damn, how was I listening to her show than?

I must have a special XM radio, because I heard her show loud and clear.

She does get aired on delay and the show is cut a hour.

But I rather listen to Big Ed. I actually like them both. I wish they weren't competing with each other.

[WLKjr]

11. Explain to me then why I hear her on my XM radio then

:shrug:

[Swamp Rat]

6. I'm confused. You said Clear Channel doesn't own XM but then you say

it owns "less than 2%." - So, CC does/doesn't own XM.

I have no idea what folks are debating about here, but this post is confusing (to me) no matter what.

[bbernardini]

9. I'm sorry, I wasn't very clear.

When people say "Clear Channel owns XM!", they're usually implying that they own a controlling share of it. 2% or less is obviously not a controlling share. So, my use of the word "own" means "own a controlling share". Indeed, they do "own" a tiny little portion of it. I probably have as much control as a subscriber as they do.

[ladybugg33]

7. Murdoch-DirecTV-XM: They are linked.

And believe me, Murdoch has a lot of influence over them all.

[krkaufman]

12. Right.

In late 2003, Murdoch acquired a 34% stake in Hughes Electronics, operator of the largest US satellite TV system, DirecTV, from General Motors for $6 billion.

http://en.wikipedia.org/wiki/Rupert_Murdoch


XM's strategic investors include America's leading car, radio and satellite TV companies -- General Motors, American Honda Motor Co. Inc., Clear Channel Communications and DIRECTV.

http://www.xmradio.com/newsroom/screen/pr_2001_11_20_motient.html


XM http://en.wikipedia.org/wiki/Xm_radio

[Cronus Protagonist]

10. Why would you care so much?

Doesn't matter a whit to me. Why does it matter so much to you that you repeat yourself in the thread title and hit the exclamation marks so heavily? I'm just curious.

[AmerDem]

13. I never seen anyone post that

I only read that Clear Channel had about 5% worth of XM. Post a link showing the post that has you all flustered.

[Mrs_Beastman]

14. Thank you for clearing that up

MrBeastman blood pressure goes through the roof when people say that clear channel owns XM