Clear Channel

Sirius, XM Subscribers Revolt over Merger-Induced Changes

Stevie Converse — Wed, 19 Nov 2008 09:04:48 -0800

Clear Channel Selling 60 More Radio Stations

Stevie Converse — Thu, 07 Aug 2008 06:30:46 -0700

Bain, Thomas H. Lee Complete Clear Channel Buyout

Stevie Converse — Thu, 31 Jul 2008 07:28:05 -0700

Clear Channel Unveils Online Radio Network with 900-Plus Stations

Stevie Converse — Tue, 29 Jul 2008 06:38:02 -0700

FCC Order Could Give Clear Channel Backdoor to Expand Reach

Stevie Converse — Tue, 27 May 2008 05:46:04 -0700

Want a radio station without having to go through the bothersome process of applying and bidding for the license?

Author Argues Clear Channel Destroyed Radio

Stevie Converse — Wed, 14 May 2008 08:21:08 -0700

The name "Clear Channel" became shorthand for everything wrong with terrestrial (nonsatellite) radio: Lack of diversity, repetitious music, boring programming, too many commercials, censorship, jingoism, ad nauseam.

Clear Channel Reaches Buyout Deal with Equity Firms and Banks

Holiday Shapiro — Wed, 14 May 2008 07:07:35 -0700

Clear Channel Communications Inc. said late Tuesday that it had resolved a legal dispute over its buyout, clearing the way for prospective buyers to take the radio and outdoor advertising company private.

Three-Way Talks to Salvage Clear Channel Deal Continue

Holiday Shapiro — Tue, 13 May 2008 09:07:14 -0700

Clear Channel Communications Inc. and its prospective buyers are negotiating with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5-billion takeover, the radio and outdoor advertising company said Monday.

Clear Channel Settlement May Be Near

Stevie Converse — Tue, 13 May 2008 07:43:38 -0700

Clear Channel Communications may be close to reaching a settlement out of court with the banks that were supposed to fund its buyout by private-equity firms, according to news reports on Monday afternoon.

Clear Channel Suitors Reject Offer by Banks

Holiday Shapiro — Wed, 23 Apr 2008 08:44:45 -0700

The latest skirmishes between the banks and potential buyers of Clear Channel are raising expectations that the lenders will have to come up with $22bn in debt financing for the buy-out, people involved in the deal said.

Shrinkage Factor: Since 2003, Big Media Contracts

Holiday Shapiro — Tue, 08 Apr 2008 06:52:24 -0700

Like hapless George Costanza in "Seinfeld," legacy media companies are desperately trying to convince their shareholders that shrinkage is a transient phenomenon. Investors should not judge them by a few bad quarters, they argue, because it's all part of the "transition" to digital publishing. The economic waters are so chilly that any company would look bad. But a broad survey of the fortunes of big media companies from 2003-2007 suggests that recession or no, they will end up smaller and confirm George's worst nightmare: Shrinkage is here to stay.

No Shift in Radio Suit

Stevie Converse — Thu, 03 Apr 2008 07:46:15 -0700

A federal judge refused a request on Wednesday by a group of banks to move a lawsuit filed by Clear Channel Communications and its buyers from Texas state court to the federal system.

Banks Defend Clear Channel Funding Effort

Holiday Shapiro — Tue, 01 Apr 2008 06:07:24 -0700

The six banks accused of reneging on the funding of the $19.4 billion Clear Channel Communications Inc. deal laid out their defense in a court filing Monday, accusing buyout firms Thomas H. Lee Partners LP and Bain Capital Partners LLC of blindsiding them with a lawsuit while they were in the middle of negotiating the deal.

Banks Seek to Dismiss Clear Channel Claims

Stevie Converse — Tue, 01 Apr 2008 05:48:05 -0700

A group of six banks, sued over the buyout of Clear Channel Communications, the radio broadcasting network, asked a New York state court on Monday to hear their request to dismiss the claims against them.

U.S. Court Tells Nervous Banks to Put Up Money for Clear Channel Deal

Holiday Shapiro — Mon, 31 Mar 2008 08:10:19 -0700

A Texas judge has delivered first blood to two private equity firms that are trying to force a group of banks to provide $22 billion for a troubled takeover of the US media company Clear Channel.

Clear Channel Gets Court Order Against Banks

Stevie Converse — Thu, 27 Mar 2008 08:19:02 -0700

Clear Channel Communications, the nation’s biggest radio station operator, said Thursday that a Texas judge had issued an order barring banks from taking steps that would “interfere or thwart” the closing of the proposed $19.5 billion buyout of the company.

Clear Channel, Private Equity Firms Sue Banks

Stevie Converse — Thu, 27 Mar 2008 06:40:54 -0700

Clear Channel Communications Inc. and the private equity firms seeking to close a $19.5 billion purchase of the company on Wednesday sued the banks backing the deal.

Talks Stall in Clear Channel Buy-Out

Holiday Shapiro — Wed, 26 Mar 2008 07:34:05 -0700

Clear Channel's proposed $19bn buy-out remained on shaky ground Tuesday as private equity firms and banks remained at loggerheads over terms of the deal's financing.

Neither side had been in contact for the past few days, according to a person familiar with the matter, suggesting a stalemate.

Banks Balk at Paying for Clear Channel Deal

Stevie Converse — Wed, 26 Mar 2008 07:20:28 -0700

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.

Clear Channel Talks in Trouble

Stevie Converse — Wed, 26 Mar 2008 06:09:02 -0700

Talks over the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc. are in trouble, with the banks financing the deal unwilling to take a mark-to-market loss, a source familiar with the situation said on Tuesday.