CC Media Holdings(CCMO) is one of the leading global media and entertainment companies specializing in radio, digital, out of home, mobile and on-demand entertainment and information services for local communities and providing premier opportunities for advertisers. With 238 million monthly listeners in the U.S., Clear Channel Media and Entertainment has the largest reach of any radio or television outlet in America ... It also includes Clear Channel Digital, which develops and operates iHeartRadio ... ; Premiere Networks, which syndicates 90 radio programs and services to more than 5,000 radio station affiliates; Total Traffic Network, a ground-breaking programming and technology service delivering real-time traffic data directly to vehicles and radio stations, in more than 100 metropolitan markets in four countries, ... ; and Katz Media Group, which is the largest media representation firm in the U.S. ...As an aside, that's the same Katz Media Group that decided it no longer wanted to rep Pandora. I wonder why? In any event, we have the CCME's radio stations, Clear Channel Digital, Premiere Networks (think Rush Limbaugh, Seacrest and Jim Rome), Total Traffic and Katz. They're all ripe for the picking. They have to be. How can Clear Channel possibly continue along, as is, backed by private equity and wallowing in billions of dollars' worth of debt? It cannot. Something's got to give. Investors in the media space should ask themselves: Who will gobble up Clear Channel's parts? Will it add value to these companies as investments? And, if anything remains other than a worthless carcass, could Clear Channel actually turn into something other than a Pink Sheets money pit? Because I need considerable space to thoroughly address these questions, I will write and publish a Part Two to this article. To wet your whistle, I can see players ranging from from Pandora to Sirius XM (SIRI - Get Report) making a move for select Clear Channel properties, particularly in digital. And, in addition to the obvious radio companies, such as Cumulus Media (CMLS), several of Clear Channel's pieces likely appear attractive to other more-diversified media giants. While I can only make an uneducated and informed guess, born out of instinct and some due diligence, I am pretty comfortable Pittman agrees, even if he would never admit it.
For Clear Channel, Something's Gotta Give
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.