Friday, November 17, 2006

Clear Channel Sold

NEW YORK (AdAge.com) -- Clear Channel Radio's days of trying to get Wall Street's respect are over. The radio giant announced yesterday its sale to a group led by Thomas H. Lee Partners and Bain Capital Partners, in a deal worth approximately $26.7 billion, which includes the company's $8 billion of net debt repayments.
Catch the entire story here - http://adage.com/mediaworks/article?article_id=113246

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