Clear Channel Completes Sale to Providence Equity Partners

By Stevie Converse
Broadcasting & Cable

Clear Channel Communications said it completed the sale of its television group to Newport Television, a holding company for Providence Equity Partners for $1.1 billion.

sold

The agreement for 56 TV stations is about $200 million less than the terms of the original agreement reached last April.

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Source URL:
http://www.freepress.net/news/31358

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http://www.broadcastingcable.com