FCC OKs Clear Channel radio buyout
Don Day January 10th, 2008
Bain Capital and Thomas H. Lee Partners have been given the green light to take the radio giant private by the FCC. CC is also working to sell its TV station group to Providence Equity Partners - and has sold or is selling all radio stations in markets smaller than 100 to a variety of buyers. The FCC approved the TV part of the transaction in November.
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