Thanks to Barbara Deutsch:

At 1:27 AM -0700 6/6/03, Rychard E. Withers wrote:

> 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. 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's Stock stood at $42.09 at the close of Monday's
> trading, up
> $1.39, or 3.42%