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Re: Rock 101 off the air Saturday?
- Subject: Re: Rock 101 off the air Saturday?
- From: hopper <wlnhwbhg@lr.net>
- Date: Wed, 05 Aug 1998 00:39:27 +0000
Garrett Wollman wrote:
>
> One thing to ponder: even if Capstar went under, Hicks, Muse would
> still come out having made a killing. They make their money from
> management fees charged to the investors in their venture funds, even
> if the company loses money. So long as they trust Hicks, he's free to
> run the stations ino the ground. (So said an article in one of the
> big business magazines I read a few months ago, which made me somewhat
> concerned, since pension plans are some of the biggest investors in
> thse funds.)
Would this mean that Capstar is simply an investment vehicle designed to avenge
the loss of soothing beautiful music for senile senior citizens?
Hopper
cc: Oliver Stone
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