Wednesday, July 02, 2008

HAS FATS LIMBAUGH BEEN GOOD FOR CLEAR CHANNEL?

Clear Channel signed Fats to an 8 year extension for $400 million. Randi Rhodes just mentioned that when she worked for Clear Channel, her stock was worth $100/share and I was wondering how well the stock has been doing.

There hasn't been a stock split since 7/29/2008, so the results since then indicate what the markets thinks of Clear Channel and indirectly, Fats Limbaugh. Here's a graph from Yahoo:



Let's see how the market reacts to this news.

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