Clear Channel, Largest Radio Group, On the Block

A Reuters new story today says that Clear Channel, the largest radio group in the world, is up for sale, with private equity firms the likely buyers.

In other words, they are going private, so they can restructure without the spotlight of being public. The list of potential buyers are all skilled at restructuring for big profit gains.

I believe this is a bell-weather event. It's not just Clear Channel that needs a massive make-over to generate better returns for their shareholders. It is the entire traditional media space.

Stay tuned!