Common Sense Defeats the Clear Channel Deal By Jim Cramer About this article: At last, a deal that won't blow up after it is closed ... one that blew up before it closed. The idea that anyone would want to take a radio company private is so painfully stupid that I have to believe it was done simply because someone fooled someone else, the way that Knight-Ridder fooled McClatchy in newspapers. I have heard so many other justifications for this deal -- other media properties, billboards -- but they were all the stuff you talk about when you do something stupid but you are rich and smart and have a lot of ego so you stick with it. Radio's dead in this country, a wasting option that will be even more wasting when the Sirius deal gets done -- Goldman now hates Sirius! Did it like it more before Justice approved? That makes sense, yeah yeah, sure sure. Now that... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.