buyout

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.

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.

'Tampa Trib' Offering Buyouts to Half of All Employees

Holiday Shapiro — Tue, 15 Apr 2008 08:27:48 -0700

Media General Inc.'s Florida Communications Group, parent of The Tampa Tribune and WFLA-TV, said Monday it is offering voluntary buyouts to about half of its 1,326 employees.

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.

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.