Wouldn't it be great if a Republican presidential candidate could
just buy the support of just about every major conservative talk show
host in America? Well, it may not be as far-fetched as you may think. Clear Channel owns more radio stations (850) than anyone else in the
United States. They also own Premiere Radio Networks, the company that
syndicates the radio shows of Rush Limbaugh, Sean Hannity, and Glenn
Beck, among others. Needless to say, Clear Channel basically owns
conservative talk radio in the United States. So who owns Clear
Channel? Well, it turns out that Bain Capital
is one of the primary owners of Clear Channel. Yes, you read that correctly. The company that Mitt Romney ran for so
long is one of the "big bosses" over virtually all conservative talk
radio in America. Of course Mitt Romney is not running Bain Capital
anymore. He is a "retired partner", but he still has a huge financial
stake in Bain Capital. We're talking about millions upon millions of
dollars. If you doubt this, just check out page 34
of this public financial disclosure report. So if you have been wondering why so many conservative talk show hosts
are being so incredibly kind to Mitt Romney, this just might be the
answer.
In the media world, there is a clear understanding that you simply do
not bite the hand that feeds you. Some of the most prominent
conservative talk radio hosts are earning tens of millions of dollars a year.