Prime's Worm Hole : How To Kill A Profitable Company By Really Trying

Thursday, March 05, 2009

How To Kill A Profitable Company By Really Trying

Even for the most jaded industry professionals, it's stunning to believe shares of one of the nation's largest radio station owners might trade for a single penny.

And yet that's exactly what has happened to ABC Radio owner Citadel Communications, a once-proud group operator destroyed by massive debt, epic mismanagement and a liberal political ideology often at odds with the company's still-successful and profitable conservative talk radio programming.

Booted off of the New York Stock Exchange after it failed to make a convincing case for its future viability, Citadel will cease trading there tomorrow, moving to the illiquid and sometimes shady world of the "pink sheets". That's despite a recent move by the NYSE to relax listing requirements.

Ahead of that undignified exit, Citadel (NYSE:CDL) shares closed today at one penny, down nine cents from Wednesday's trading. In 2004, it traded as high as $22.

http://radioequalizer.blogspot.com/2009/03/abc-radio-owner-citadel-communications.html

Keep in mind? This is exactly what Nancy Pelosi and a good many in the democrat controlled congress want to do to all radio in this country with a resurrection of the "Fairness Doctrine." This example just serves to demonstrate, that if it isn't their own liberal exclusive brand of socialist propaganda? They could give a shite less how many jobs are lost or how many stations fold up and die or how badly it damages the country.

The owners of ABC's Citadel group ought to be the poster child example of golden goose killing by liberals, pacifist and socialists! They don't care how much damage they do. Not even to themselves. Just as long as they can strike their blows for socialist envisioned Nirvana and bring down this nation and it's economy and heritage. That is all that really matters to them.

Personally, I can't wait until these lunatic idealogues meet up with the real goose stepping Kool Aid drinkers and the cake eaters that will rise in this country as a result of our diseased impotence and refusal to deal with them on our own.

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Prime's Worm hole

This is a place for me to muse about the issues that affect our world. My world and my country and my life in particular. I can say what I want to here and those who may stumble across my musings, are welcome to comment,or not. America is under siege. Everything this nation has ever represented, is now being torn asunder and crushed by the onslaught of egalitarian socialism. All morals and social values have been devolved into the belief that systemic racism, is the only underlying cause or reason for any societal ills in America. And that representation, is nothing but a Trojan Horse argument. A means of getting the egalitarian camel's nose into the tent. And now that it has been inserted? There is mayhem and anarchy and burning and looting all across America. And the only questions that remains to be asked and answered? Are these. When is enough enough and when will the American people call full stop and take the law into their own hands, to repel this socialist based attack on the Constitution and our personal freedoms.

Thinking

It started out innocently enough. I began to think at parties now and then -- just to loosen up and be a part of the crowd.
Inevitably, though, one thought led to another and soon I was more than just a social thinker.

I began to think alone -- "to relax", I told myself -- but I knew it wasn't true.
Thinking became more and more important to me and finally I was thinking all the time.

I began to think on the job. I knew that thinking and employment don't mix, but I couldn't help myself.

I began to avoid friends at lunchtime so I could read Thoreau, Muir, Confucius and Kafka. I would return to the office dizzied and confused, asking, "What is it exactly we are doing here?"

One day the boss called me in. He said, "Listen, I like you and it hurts me to say this, but your thinking has become a real problem. If you don't stop thinking on the job, you'll have to find another job."

"Honey," I confessed, "I've been thinking..."

"I know you've been thinking," she said, "and I want a divorce!" "But Honey, surely it's not that serious." "It is serious," she said, lower lip aquiver.

"You think as much as college professors and college professors don't make that much money, so if you keep on thinking, we won't have any money!"
She exploded in tears of rage and frustration, but I was in no mood to deal with the emotional drama.

"I'm going to the library," I snarled
I headed for the library, in the mood for some John Locke. I roared into the parking lot with NPR on the radio and ran up to the big glass doors.

They didn't open. The library was closed.

To this day, I believe that a Higher Power was looking out for me that night.

Leaning on the unfeeling glass, whimpering for Emerson, a poster caught my eye, "Friend, is heavy thinking ruining your life?" it asked.

This is why I am what I am today: a recovering thinker.

I never miss a TA meeting. At each meeting we watch a non-educational video; last week it was "Porky's." Then we share experiences about how we avoided thinking since the last meeting.

I still have my job, and things are a lot better at home. Life just seemed easier, somehow, as soon as I stopped thinking. I think the road to recovery is nearly complete for me.

Today I took the final step...I joined the Democratic Party

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If you are able,
save them a place
inside of you
and save one backward glance
when you are leaving
for the places they can
no longer go.
Be not ashamed to say
you loved them,
though you may
or may not have always.
Take what they have left
and what they have taught you
with their dying
and keep it with your own.
And in that time
when men decide and feel safe
to call the war insane,
take one moment to embrace
those gentle heroes
you left behind.

Major Michael Davis O'Donnell
1 January 1970
Dak To, Vietnam

Captain Michael O'Donnell was lost in Cambodia on March 24 1970, while flying a UH1 rescue helicopter, trying to rescue an eight man LRRP team under attack in Cambodia. He was listed as MIA along with the eight he had attempted to rescue after his UH1 Huey was shot down by enemy fire. The official military report listed the eight as shot down 'non survivable' and 'non recoverable.'

Michael O'Donnell was submitted for the Congressional Medal of Honor for his actions that day. He was awarded the Distinguished flying cross, the Bronze Star, The Air Medal and The Purple Heart and he was promoted to the rank of Major (posthumously).

In 1978 he was officially listed as KIA by the Department of Defense.

A little about the philosophy of the author

The Borg Conspiracy is one man's purely pedestrian thoughts, independent musings and frequently cheeky commentaries...Mixed with an abundance of patriotism, love of God, and love of country.

My thoughts?

In my opinion........in another generation, all that will remain of our once great republic, may be little more than what is left to weather the passage of time in the form of a few obscure and forgotten monuments to the great American experiment.

If America should fail....let it be written as her epitaph.....died by her own hand. The greatest experiment in freedom ever undertaken, lost in the end to the pursuit of the illusion that egalitarian tolerance was more valuable than individual freedom.

Let us be warned.
Franklin, Payne, Jefferson. They all knew the consequences of the lack of vigilance and they tried to warn us. They gave us a document as our guide post. We were to guard it and revere it and use it to guide and govern our future and our posterity.

No one listened.