And the Clearchannel takeover was set loose by the Telecoms Act of 1996. Prior to that, it was illegal in the US to own more than 7 units of media - any combo of radio or TV stations, magazines, newpapers, etc. There was too much media for the billionaires to own it all under the old regulations.
And the Clearchannel takeover was set loose by the Telecoms Act of 1996. Prior to that, it was illegal in the US to own more than 7 units of media - any combo of radio or TV stations, magazines, newpapers, etc. There was too much media for the billionaires to own it all under the old regulations.