Romney owns Bain owns Clear Channel owns Fox News

[snopes]

Comment: I hear rumors that Mitt Romney owns Bain Capitol who allegedly
owns Clear Channels who allegedly runs Fox News.. Is this true or rumor?

[firefighter_raven]

http://www.clearchannel.com/Corporat...=1166&p=hidden

2008
On July 30, 2008, the Company announced the completion of a merger with an indirect wholly owned subsidiary of CC Media Holdings, Inc., a corporation formed by a private equity group co-led by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. The total transaction is valued at approximately $24 billion. CC Media Holdings, the new parent company of Clear Channel Communications, begins trading on the Over the Counter Bulletin Board under the ticker symbol CCMO. Clear Channel Radio launches first version of its free streaming radio application known as iHeartRadio.

And Clear Channel does carry Fox News radio and Fox sports broadcasting but Rupert Murdoch's News Corp still owns them

[snopes]

But what stake, if any, does Mitt Romney still hold in Bain Capital?

[firefighter_raven]

http://www.huffingtonpost.com/2012/0...n_1828816.html

These kinds of deductions are only available to "active" participants in business partnerships. While Romney filed as an active participant for tax purposes, there is no evidence that he took part in Bain management decisions in 2010, and he has denied doing so.

http://www.nytimes.com/2012/10/10/us...pagewanted=all

But there is a twist to the Asimco story that would not fit neatly into a Romney stump speech: Since 2010, it has been owned by Bain Capital, the private equity firm founded by Mr. Romney, who has as much as $2.25 million invested in three Bain funds with large stakes in Asimco and at least seven other Chinese businesses, according to his 2012 candidate financial disclosure and other documents.

He still has financial ties to Bain but not finding any proof of personal involvement in the running of Bain currently