No, it's not "The Onion," but it sure reads like one of their headlines. And the story goes on to say that Clear Channel reps told three FCC Commissioners and their staff members that the company now opposes the satellite radio merger because it's not in the public interest.
But apparently Clear Channel has no problem with satellite radio in general, dating back to its huge investment in XM nearly a decade ago. And now at the 11th hour - almost a year after the merger plan was announced - they are concerned that this union of XM and Sirius creates "a genuine threat to the economic framework of terrestrial radio?"
Is there a pair of flip-flops large enough for these guys?