SMALL PROMOTER AWARDED DAMAGES FROM
CLEAR CHANNEL
With a couple of pending antitrust inquiries against Clear
Channel Communications, you can now put one win in the "little
guy" column. Dirt-bike-racing promoter JamSports has
been awarded $90 million in damages by a Chicago federal
jury. Clear Channel, characterized as a "bully" by
some of its smaller rivals, says it will appeal the ruling.
In 2004 Clear Channel had revenue of $9.4 Billion. [5-31-2005]
(cartoon by Dianne Patrizzi) [5-31-2005]