The answer to that question is: Uh, like, no? But we just got the damnedest press release that says Dallas-based Life Media Network International is planning by year's end "to acquire major media assets and companies," among them XM Satellite Radio, Clear Channel Communications and Belo Corporation. No shit. Says so right here, in the first line of the press release:
Specifically targeting companies such as ION Media Networks (formerly PAX Television Network), XM Satellite Radio, Clear Channel Communications and Belo Corporation, plans have been announced by LIFE MEDIA Network International to acquire major media assets and companies. Once these transactions have been consummated, LIFE MEDIA Network will be one of the largest radio-television networks in America, projected to be accomplished by the end of 2007, according to the Texas-based investment group’s spokesman, F. Emmett Snell.
So, uh, yeah. And they got God on their side and everything: According to his Life Media bio, bossman John Clemens is all about Christian radio broadcasting, and he's a deacon in his church in Carrollton. So there ya go. Other highlights:
LIFE MEDIA Network is implementing its plan to bring "Truth to the Nation".
And:
In an associated development, Snell said a Texas-based investment group, as of today, has made an offer to purchase TXU Energy. Discussions have been entered into with a major Texas-based energy/utility group as a participant, upon completion of the proposed purchase.
That's a lotta news to cram into one press release, the rest of which you can read down below. --Robert Wilonsky
MAJOR MEDIA ACQUISITIONS PLANNEDSpecifically targeting companies such as ION Media Networks (formerly PAX Television Network), XM Satellite Radio, Clear Channel Communications and Belo Corporation, plans have been announced by LIFE MEDIA Network International to acquire major media assets and companies. Once these transactions have been consummated, LIFE MEDIA Network will be one of the largest radio-television networks in America, projected to be accomplished by the end of 2007, according to the Texas-based investment group’s spokesman, F. Emmett Snell.
Recent LIFE MEDIA acquisition agreements include USA Radio Network as well as a group of licenses and construction permits for radio stations in Texas and the southeastern United States. LIFE MEDIA Network is implementing its plan to bring "Truth to the Nation".
In an associated development, Snell said a Texas-based investment group, as of today, has made an offer to purchase TXU Energy. Discussions have been entered into with a major Texas-based energy/utility group as a participant, upon completion of the proposed purchase.
LIFE MEDIA is affiliated with a Texas investment group primarily controlled by a private trust. LIFE MEDIA Network International’s primary web site is: http://www.lifemedianet.com/.
USA Radio Network News awards include the "Best Newscast" Katie award in four of the last five years. Other awards have come from the Associated Press and the Press Club of Dallas. Awards have included "Best Documentary", "Best Editorial or Commentary". One judge who is a member of the Radio and Television News Directors Association said of one of the network's award-winning newscasts, which aired some two months after 9/11/01: “It’s hard to imagine a newscast with more comprehensive information. They are to be commended for producing a phenomenal newscast!” USA Radio Network is also the recipient of the prestigious Associated Press “Mark Twain Award” for “Outstanding achievement in cooperative news coverage”, as well as the 2007 “Best News Format” award from the National Religious Broadcasters.
