Could this be true????

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Ed Herman sent me this.

WASHINGTON (AP)--The Federal Communications Commission (FCC) announced
today that it has agreed to be acquired by Clear Channel Communications
(CCU) of San Antonio, Texas.

In announcing the deal, FCC Chairman Michael Powell said "This
transaction will greatly expedite the demise of the antiquated concept
of local ownership of media outlets. Critics of deals such as this need
to understand that Clear Channel embodies all that is good and decent in
the broadcast industry, and anyone that believes otherwise clearly isn't
listening to the news."

In a statement issued today, Clear Channel CEO Lowry Mays said "This
acquisition is a perfect strategic fit for Clear Channel. The FCC has
been a wonderful business partner for the past several years, and has
carried out our directions with great enthusiasm. We are proud to
welcome the FCC into the Clear Channel family of companies."

Although terms of the deal were not immediately available, It is said
that the acquisition will include all components, operating units and
assets of the FCC, except for its soul, which was sold in a prior
transaction to Satan, Inc. in 1996.

Clear Channel, which owns broadcast facilities, shopping malls,
billboard advertising, and concert promotion units all across North
America, has been on an acquisition binge for the past several years,
and has recently broadened the scope of its acquisitions to include
government entities. In a recent deal, CCU purchased a 50% interest in
the U.S. Congress, and is reportedly close to striking a deal to
purchase The White House. Clear Channel already has been integrally
running the George Bush presidency. Clear Channel's Stock stood at
$42.09 at the close of Monday's trading, up $1.39, or 3.42%


--
Michael Perelman