Clear Channel Layoffs...

Superfreak said:
It was not a loan. It was an equity purchase. The tabloid trash pieces like the times are going down. This was a bad investment by Helu... but I guess when you are a billionaire, whats a mere $250 million.
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I'm not exactly a rich man but I wouldn't toss out 1/4 of my net worth just to make a point.
 
Onceler said:
You wouldn't characterize a company that lays off 9% of their workforce as "doing badly"?

I hope you're not running a business.
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I am actually, and have seen it rise and fall with the economy. If it's doing better than the rest then its doing damn good. I don't expect a liberal to understand anything as complex as a dynamic system though.
 
Southern Man said:
I am actually, and have seen it rise and fall with the economy. If it's doing better than the rest then its doing damn good. I don't expect a liberal to understand anything as complex as a dynamic system though.
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That's funny. I work directly with a lot of companies who have laid people off, and I don't know any who would say things are going "well" when they do.

Kind of an infantile point, anyway; oh, yeah...how about the NY Times? Huh, huh?

You guys are too predictable.
 
Onceler said:
That's funny. I work directly with a lot of companies who have laid people off, and I don't know any who would say things are going "well" when they do.

Kind of an infantile point, anyway; oh, yeah...how about the NY Times? Huh, huh?

You guys are too predictable.
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Actually, when companies trim staff like that yet still maintain market share, their stock value typically rises sharply. I wonder why that is?
 
Southern Man said:
Then he must have a plan. My guess, get 51% control, then bring in the axe. :cof1:
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He owns, currently 6% of the company and is the largest single owner of shares. His equity purchase allows him more control than the 6% gives him. I don't know if he has a plan, or if he just wants to use the paper as a propaganda platform.

:dunno:
 
Damocles said:
He owns, currently 6% of the company and is the largest single owner of shares. His equity purchase allows him more control than the 6% gives him. I don't know if he has a plan, or if he just wants to use the paper as a propaganda platform.

:dunno:
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It already is a propaganda platform.
 
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