Clear Channel Reportedly Will Announce $400 Million In Cuts This Week

[Mark Watson]

   Clear Channel Communications, owner of 1,200 radio stations nationwide, 
may announce the cuts as early as tomorrow, which is Inauguration Day, IMHO 
so they can slip this one under the radar on one of, if not the, busiest and 
most historical news days ever. Cuts are expected not just in their 
broadcast operations, but also their outdoor advertising and international 
divisions. No one at CC's headquarters is commenting. Found this article 
about the reported cuts on the Springfield Republican website:

http://www.masslive.com/springfield/republican/index.ssf?/base/news-18/123218017392460.xml&coll=1

Mark Watson