Clear Channel to be acquired, TV stations for sale
Cory Bergman November 16th, 2006
The largest radio group in the country has agreed to be acquired by private equity firms Thomas H. Lee Partners and Bain Capital. In a separate announcement, Clear Channel said it would put its 42 television stations and smaller-market radio stations up for sale. CEO Mark Mays says the management team “looks forward to working with Thomas H. Lee Partners and Bain Capital Partners to continue our business plan.” Clear Channel had announced back in October that it was evaluating strategic options.
3 Comments Add your own
1. Dic Minnick | December 26th, 2006 at 10:57 am
Please advise if any of the properties in the Phoenix market are for sale.
2. wilner alcime | March 2nd, 2007 at 3:33 pm
i kind of interesting to by a tv station but, i need some more info about the deal.
3. Ratboy | January 19th, 2008 at 5:31 am
Wow, thanks for the excellent information!
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