Comments on: Clear Channel finds buyer for TV stations http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/ Where TV Finds the Future Sun, 07 Sep 2008 22:42:11 +0000 http://wordpress.org/?v=2.5.1 By: Gordon http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-286142 Gordon Mon, 23 Apr 2007 22:52:05 +0000 http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-286142 You are correct about that Michael Powell... The Honorable Michael K. Powell served as Chairman of the Federal Communications Commission at a time of revolutionary change in technology and communications. Prior to joining Providence as a Senior Advisor in 2005, Mr. Powell spent over seven years as an FCC Commissioner, and was Chairman of the FCC from January 2001 to March 2005. As Chairman, he focused on initiatives that encouraged market-driven solutions that promoted consumer interests and drove innovative approaches to getting broadband technology out to people - such as broadband over power lines, WiFi Hotspots, cable broadband and DSL. Chairman Powell clearly saw the importance of the rise of digital technologies and the impact they would have on our lives, from health care to education. Chairman Powell previously served as the Chief of Staff of the Antitrust Division in the Department of Justice. Prior to that, Mr. Powell was an associate in the law firm of O'Melveny & Myers LLP, and just prior to joining the firm clerked for the Honorable Harry T. Edwards, Chief Judge of the U.S. Court of Appeals for the D.C. Circuit. Before starting his legal career, Mr. Powell served as a policy advisor to Secretary of Defense, Richard B. Cheney. In addition, his experience includes military service as an armored cavalry officer in the U.S. Army. Mr. Powell graduated from the College of William and Mary and earned his J.D. from Georgetown University Law Center. Mr. Powell is Chairman of the MK Powell Group and serves as Vice Rector of the Board of Visitors of the College of William and Mary. Mr. Powell also serves on the boards of ObjectVideo, the Rand Corporation, and the board of advisors for the Disabled Veterans for Life Memorial effort. You are correct about that Michael Powell…

The Honorable Michael K. Powell served as Chairman of the Federal Communications Commission at a time of revolutionary change in technology and communications. Prior to joining Providence as a Senior Advisor in 2005, Mr. Powell spent over seven years as an FCC Commissioner, and was Chairman of the FCC from January 2001 to March 2005.

As Chairman, he focused on initiatives that encouraged market-driven solutions that promoted consumer interests and drove innovative approaches to getting broadband technology out to people - such as broadband over power lines, WiFi Hotspots, cable broadband and DSL. Chairman Powell clearly saw the importance of the rise of digital technologies and the impact they would have on our lives, from health care to education.

Chairman Powell previously served as the Chief of Staff of the Antitrust Division in the Department of Justice. Prior to that, Mr. Powell was an associate in the law firm of O’Melveny & Myers LLP, and just prior to joining the firm clerked for the Honorable Harry T. Edwards, Chief Judge of the U.S. Court of Appeals for the D.C. Circuit.

Before starting his legal career, Mr. Powell served as a policy advisor to Secretary of Defense, Richard B. Cheney. In addition, his experience includes military service as an armored cavalry officer in the U.S. Army.

Mr. Powell graduated from the College of William and Mary and earned his J.D. from Georgetown University Law Center. Mr. Powell is Chairman of the MK Powell Group and serves as Vice Rector of the Board of Visitors of the College of William and Mary. Mr. Powell also serves on the boards of ObjectVideo, the Rand Corporation, and the board of advisors for the Disabled Veterans for Life Memorial effort.

]]> By: invitedmedia http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-285438 invitedmedia Mon, 23 Apr 2007 11:39:29 +0000 http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-285438 no, no, no... michael powell appears to be a managing partner in providence equity. sorry for the misunderstanding. no, no, no…

michael powell appears to be a managing partner in providence equity.

sorry for the misunderstanding.

]]> By: gordon http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-284993 gordon Mon, 23 Apr 2007 03:40:37 +0000 http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-284993 are you asking if I'm MP? if so, no, not even close....just a lowly TV employee.....and I'm not arguing your point, I tend to agree.....I'm just saying that's a pretty decent price....and no, TV stations can no longer print money anymore like the glory days and never will again but most still make money.....for how much longer? I'll leave that for others to ponder... are you asking if I’m MP? if so, no, not even close….just a lowly TV employee…..and I’m not arguing your point, I tend to agree…..I’m just saying that’s a pretty decent price….and no, TV stations can no longer print money anymore like the glory days and never will again but most still make money…..for how much longer? I’ll leave that for others to ponder…

]]> By: invitedmedia http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-283936 invitedmedia Sun, 22 Apr 2007 14:46:06 +0000 http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-283936 hhmmm. is T-H-A-T michael powell, T-H-E michael powell? ya' know, the one from the fcc who said something like they concluded the internet should pretty much replace broadcast tv back around 1994? interesting. feel free to correct me if i'm wrong. hhmmm.

is T-H-A-T michael powell, T-H-E michael powell?

ya’ know, the one from the fcc who said something like they concluded the internet should pretty much replace broadcast tv back around 1994?

interesting.

feel free to correct me if i’m wrong.

]]> By: Gordon http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-283271 Gordon Sat, 21 Apr 2007 22:08:12 +0000 http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-283271 That 56 number is a little misleading....there are only 41 actual licenses involved. The others are mutlicast digital channels. Still, it's an est. 15 x cash flow (their numbers)which is still pretty decent for a TV company with a lot of CW and Indy stations...... That 56 number is a little misleading….there are only 41 actual licenses involved. The others are mutlicast digital channels. Still, it’s an est. 15 x cash flow (their numbers)which is still pretty decent for a TV company with a lot of CW and Indy stations……

]]> By: invitedmedia http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-282149 invitedmedia Fri, 20 Apr 2007 17:01:29 +0000 http://www.lostremote.com/2007/04/20/clear-channel-finds-buyer-for-tv-stations/#comment-282149 in answer to david johnson's ? a few posts down: "what wall street values"... an website unheard of in 2005 sells for $1.6B in 2006. an ad house that survived the dot-com crash sells last week for >$3B. 56! yes, 5-6 stations sell for less. in answer to david johnson’s ? a few posts down: “what wall street values”…

an website unheard of in 2005 sells for $1.6B in 2006.

an ad house that survived the dot-com crash sells last week for >$3B.

56! yes, 5-6 stations sell for less.

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