Banks Balk at Paying for Clear Channel Deal
New York Times, March 26, 2008
By Michael J. de la Merced and Andrew Ross Sorkin
The $19.5 billion sale of the radio broadcaster Clear Channel Communications to two private equity firms is in jeopardy. This time, however, instead of the buyers balking, the banks that had agreed to finance the deal have become apprehensive.
TAGS:This article is copyrighted material, the use of which has not been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.







