A purchase requires a seller. Perhaps the angelic voices of dissent
you cite are just greedy businesspeople who sell out when CC offers
them big bucks for their stations.

Or perhaps, since they are businesses, they are subject to buy-outs
just like Chrysler, Disney, etc etc.


OlBlueEyes wrote:
I'm not sure why you mention Disney; it is an independent company.


Hello? Hello?

It is mentioned because it is a relevant example.

Anyway, Chrysler had to APPROVE its acquisition by Daimler-Benz. And even
so-called "hostile" takeovers are so named only because the buyer is
bypassing negotiations with the management of the company being bought -
the buyer still has to buy shares on the open market from the current
shareholders, and if enough refuse to sell, the takeover attempt fails.

Sure, but why does the attempt to buy shares fail? Because you don't
offer enough money. That was part of Chuck Gould's point, which you
obviously missed by a mile. A big pile of money can not only buy a very
loud voice, it can silence other voices.

I still don't think anybody's home. I'm hanging up on this dial tone.

DSK