New York Times, April 29, 2009
By Geraldine Fabrikant

It is too soon to say who will be the biggest loser among media companies in this recession. But Clear Channel is vying for the title. The nation's largest radio station operator and an outdoor billboard company, last year became the biggest leveraged buyout ever in the media business, after it was taken private by Thomas H. Lee Partners and Bain Capital.

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