You know, markets are self-correcting to some extent, maybe not enough that we don't have to inspect meat or test drugs or set safety standards for airplanes, but maybe enough that dangerous products, unappealing products and frankly annoying things like the lies and propaganda and bigotry that Clear Channel produces and airs on about 600 radio stations in the US aren't doing well in the market any more. Perhaps it's that people are getting tired of the slander and quasi-treasonous, excremental and septic opinions of Rush Limbaugh, or perhaps it's the effect the boycotts, the petitions and various activist campaigns are having on investors. Booya!
Clear Channel's latest earning report shows even worse declines than they did a year ago. Sponsors are being deluged with angry invective and over 2,600 companies have pulled their ads. Say hello to the correction.