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Source: news.yahoo.com --- 4 hours ago
Clear Channel Communications Inc. says its shareholders have, based on a preliminary vote, approved the Sale of the company to a private equity group led by Bain Capital Partners LLC and Thomas H. Lee Partners LP. (CCU) ... Source: triangle.bizjournals.com --- 5 hours ago
Clear Channel Communications Inc. says its shareholders have, based on a preliminary vote, approved the Sale of the company to a private equity group led by Bain Capital Partners LLC and Thomas H. Lee Partners LP. (CCU) ... Source: sanantonio.bizjournals.com --- 20 hours ago
Clear Channel Communications Inc. says its shareholders have, based on a preliminary vote, approved the Sale of the company to a private equity group led by Bain Capital Partners LLC and Thomas H. Lee Partners LP. (CCU) ... Source: www.variety.com --- 21 hours ago
Business News: 97% approve merger with private equity firms -- Capping one of the more arduous efforts to take a media company private, about 97% of shareholders voted Thursday to approve Clear Channel's buyout led by private equity firms Bain Capital and Thomas H. Lee. ... Source: www.tvweek.com --- 3 hours ago
Shareholders of radio and billboard giant Clear Channel Communications approved the company’s $17.9 billion Sale to private equity firms Thomas H. Lee Partners and Bain Capital, the New York Times reports. Clear Channel, which started the process of going private... ...
Source: www.topix.com --- 52 days ago
Joseph Weisenthal - Wed 28 May 2008 07:53 PM PST A deal was agreed to about two weeks ago, and now they've dotted the i's and crossed the t's: Clear Channel says its Sale to two PE firms is ready to go, with ... ...
Source: www.boingboing.net --- 51 days ago
William James Ivey sez, My new book, Arts, Inc.: How Greed and Neglect Have Destroyed Our Cultural Rights, is just out (May 10). The idea for Arts, Inc. hit me when I was chairman of the National Endowment for the Arts, during Bill Clinton’s administration. I became convinced that the Digital Millennium Copyright Act, copyright extension, and Clear-Channel-style media consolidation were undermining our basic rights to an arts system that really serves the public. Things have only gotten worse. Congress and the FCC might think it’s important to institute hefty fines when Janet Jackson’s breast pops out during a Super Bowl telecast, but it’s shrinking Fair Use, globalized record companies and film studios – they serve shareholders, not art -- left-behind citizens who lack quality Internet access, and Viacom against Google and Microsoft stalking Yahoo that are the real threats to the vibrant cultural scene that’s essential in our democracy. Arts, Inc. is on Sale now. Look for interviews and reviews; I’ll be making the case around the country – at a performing arts conference in Denver next week, and at the Center for American Progress in DC in mid-July. Link... ... Source: www.mediabistro.com --- 44 days ago
The New York Daily News' David Hinckley reports FNC anchor and ABC Radio host Sean Hannity could be leaving for a new syndicator as early as this Thursday. The reigning " radio personality of the year " has a contract which allows him to opt out within a year of the company's Sale. "That date is Thursday, and Hannity is talking with the new owners, Citadel, about re-upping — presumably at a higher number with a healthy signing bonus," writes Hinckley. "He reportedly makes $5 million a year from radio, compared to some $30 million for Rush [Limbaugh ]." If a Citadel deal doesn't happen, another contender is Clear Channel. New Career Opportunities Daily: The best jobs in media ... Source: upcoming.yahoo.com --- 36 days ago
Clear Channel and Scott Clark Toyota are teaming up again to bring Red, White and Boom! Uptown on July 4. Clear Channel’s five radio stations, 96.1 The Beat, WRFX 99.7 The Fox, Lite 102.9, 96.9 Kat Country and 106.5 The End will host evening viewing parties throughout the Uptown. In addition, US Airways will be presenting Family Fun Fest at Memorial Stadium along with WLYT (Lite 102.9) and WKKT (96.9 Kat Country) as host radio stations. Family-friendly activities will run from 6:00 p.m. until 10:00 p.m. There will be stadium and grass seating to watch the fireworks. The event is alcohol-free but there will be food and soft drinks on Sale. New this year! US Airways will be sponsoring a food drive benefitting Second Harvest Food Bank. Canned food will be collected at the Fun Fest at Memorial Stadium. Participants 18 years of age or older in the canned food drive can register to win up to $1000 in US Airways gift certificates. The fireworks are being staged from the Central Piedmont Community College campus. Some streets around the campus will close after 7:00pm to accommodate the fallout zone, so expect traffic in that area to be heavy. Streets will reopen immediately following the show. The “Red, White and Boom!” fireworks show will be approximately 20 minutes long. The show begins at 9:30pm (weather and fire department clearance permitting). The show will be staged to a music track that will be played live at all viewing venues and wil ... Source: www.pistonheads.com --- 41 days ago
MOT to 10 June 2009 (Full Year). For Sale my immaculate, belowed baby - Subaru Impreza Turbo 2000. This car is in excellent condition and drives superb. Very fast and reliable. - Full Prodrive Performance Pack with certificate (STI performance), Because I received many questions about MOT, I decide make it earlier. As I expect, car pass with any problems, so at the moment it has got MOT to 10 June 2009 (Full Year) Tax is to end of August. Specification: - STI suspention and exchaust system - oil changed every 5000 miles, - HKS blow off valve and boost gauge, - APEXI turbo timer. - GREDDY Electonic boost controller not fitted yet, but included in Sale (manual version fitted already). - Service history incl. reciepts, - HPI Clear - Cambelt done 3000 miles ago, - Crystal foglights and headlamps, also Clear indicators, - Rear after burner lamps, - Tinted windows, - Genuine OZ prodrive alloys (Gold 17") with nearly new tyres, - Electric opened rear doors, - Rally WRC mud flaps, - Non smoking owner, - Sony MEX-R1 mp3/cd/dvd player (Dolby Prologic, DTS, 2 external video outputs) - BLAUPUNKT 4 Channel amplifier 750W, - tracker fitted - autoalarm - driver and passenger airbag - air conditioning - 4 electric windows - electric mirrors - folding mirrors - adjustable seats - ABS - power steering - It's "R" reg Always warmed before and cooled after drive. Very clean inside and outside, no rust. Styling for WRC. This car never has been on auto ...
Source: www.thedeal.com --- 22 days ago
This week's issue features our annual look at Private Equity Deals of the Year . Coming about one year after the credit crisis took hold, this year's collection, spearheaded by Vyvyan Tenorio, is an eclectic bunch; we call the compilation "Odds and Ends." We begin by highlighting a few blockbuster exceptions to the period's general bleakness, including Alltel Corp.'s $27.5 billion LBO and its successful flip to Verizon Wireless months later. There's also Bristol-Myers Squibb Co.'s Sale of ConvaTec , notable for the airtight Sale agreement behind it, and two precredit crunch buyouts, United Rentals Inc. and Clear Channel Communications Inc.'s television unit , which were both casualties of more loosely negotiated deals. Also included are Buffets Inc. and Linens 'n Things Inc. , which perhaps presage the fate of many PE-backed businesses caught in a liquidity crisis. And in another harbinger of sorts, we look at TPG Capital's risky bailout of Washington Mutual Inc. , a deal that proves that PE investors are finding opportunities wherever they can. Elsewhere in the issue, Terry Brennan looks at the family feud behind copper miner Asarco LLC , which believes it is in bankruptcy because of its parent, Grupo Mexico SAB de CV. David Marcus deconstructs the innovative defense that French construction company Eiffage SA used to fend off its hostile Spanish suitor , Sacyr Vallehermoso SA. It essentially involved accusing Sacyr's shareholder ... Source: www.clusterstock.com --- 53 days ago
Stock Futures point to a fall in US equity markets as rumors of a collapse of Clear Channel's $19 billion Sale swirl around Wall Street. ...
Source: www.propeller.com --- 33 days ago
With a certain sense of satisfaction, the fact that Restaurant Brands [RBD] would consider putting up their loss making Pizza Hut Franchise up for Sale is great news for shareholders.I have been banging on for years about management cutting their ties because of the Clear implications of what keeping the brand means for the company as a whole-certa Channel: Money Tags: Fast Food KFC NZPA Pizza Hut Restaurant Brands NZ Share Investor Blog Darren Rickard Ted Van Arkel ... Source: www.topix.com --- 30 days ago
Lawrence Lepore, executive director of the Dunkin' Donuts Center in Providence, first heard that the Sale of Clear Channel's concert division had gone through when he called the company's New England ... ... Source: www.bonjovicollectors.com --- 3 days ago
Source BonJovi.com BON JOVI ALL ABOUT #1s, FIRSTS, AND NEW RECORDS AROUND THE WORLD AS LOST HIGHWAY ARRIVES !! NEW ALBUM IS BON JOVIs FIRST #1 DEBUT IN U.S. AND HIGHEST ONE WEEK SALES EVER WITH OVER 291,000 COPIES SOLD #1 Debut in Japan marks Bon Jovis 4th career #1 there breaking Beatles record #1 Debuts also on Billboards European Top 100, Canada, Germany, Switzerland, Holland, Austria and Thailand Clear Channel Stripped live performance goes up on record-breaking 602 radio station websites sets new Clear Channel record New Uplugged series premieres with triple broadcast on MTV, VH1 and CMT Ten Nights on Sale at 18,000-seat Newark arena, The Rock (Oct. 25 through Nov. 10) Bon Jovis ONLY tour dates of 2007 Biggest outdoor crowd in history of NBCs Today Show Plaza in NYC next tv appearance on Ellen (June 28-29th) ... ... Source: www.bonjovicollectors.com --- 3 days ago
Source Variety.com By taking a country road instead of the Jersey Turnpike, Bon Jovi landed its first No. 1 album in 18 years. Bon Jovi's "Lost Highway" (Island/Mercury Nashville) sold 292,000 in the week ended Sunday, according to Nielsen SoundScan, to give them their first chart-topper since "New Jersey" in 1988. Album also debuted at No. 1 on the European chart and in Canada, Germany, Switzerland, Holland, Austria, Thailand and Japan. Clear Channel radio station websites started promoting the disc from the minute it went on Sale, by webcasting six live song videos, including the new single "(You Want To) Make a Memory." Band also performed on NBC's "Today" on the day of release; MTV, VH1 and CMT broadcast the band's "Unplugged." Sales were boosted by a bundling of concert tickets and a digital download of the album. "Lost Highway" sold 32,000 digital copies, 11% of the album's total sales.... ... Find more results for Clear Channel Sale on RSSMicro.com |
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Underwriters are having trouble selling a $3 billion tranche of some $15 billion in leveraged loans backing Thomas H. Lee Partners LP and Bain Capital LLC's pending $23 billion acquisition of Clear Channel Communications Inc. Sources said that efforts to place the $3 billion slug are being hampered by a weak market, as well as worries over the remaining $12 billion of loans that will eventually have to be sold. "The overhang is a big issue," said one banker on the deal. Underwriters of the debt -- a syndicate of banks including Citigroup Inc., Deutsche Bank AG, Morgan Stanley, Credit Suisse Group, Royal Bank of Scotland Group plc and Wachovia Corp. -- have been trying to price the slug at about 90% of par, but one market source said bids have come back with offers much lower than that, effectively signaling little demand for the loan. Banks feared this scenario during the contentious negotiations that preceded a final agreement for the Clear Channel buyout. Indeed, the banks pushed hard to gain more favorable terms from Clear Channel's buyers, and the negotiations over drafting a final credit agreement led to lawsuits in New York and Texas. A settlement was reached and the sponsors and company agreed on a reduced price of $23 billion from $25 billion in enterprise value. - Vipal Monga See the full story from TheDeal.com ...
Reuters Clear Channel Investors Approve Buyout by Private Equity Firms Bloomberg - 56 minutes ago By James Callan July 24 (Bloomberg) -- Clear Channel Communications Inc. shareholders approved the $17.9 billion takeover of the largest US radio broadcaster by Bain Capital Partners LLC and Thomas H. Lee Partners LP. UPDATE 1-Clear Channel shareholders ok $17.9 bln buyout Reuters Shareholders approve Clear Channel Sale to private equity group Bizjournals.com MarketWatch - 1200 WOAI - Radio Online - Conde Nast Portfolio all 24 news articles ...
The Weather Channel deal is finally done, and announced on a lazy, bright and Clear July 4th weekend Sunday: Landmark Communications has agreed to sell The Weather Channel to a consortium of NBC Universal ( NYSE: GE ) and two private equity firms, Bain Capital and The Blackstone Group. TWC will be operated as a separate entity, based in Atlanta as before, with management services to be provided by NBCU. Financial terms of the transaction were not disclosed officially, but previous reports have pegged the deal in the $3.5 billion range, below the $5 billion Landmark hoped for when it started the Sale process. NBCU, Blackstone and Bain would divide $1.8 billion of equity roughly equally in their bid...Blackstone's GSO Capital--a hedge fund firm specializing in leveraged debt--would provide about $600 million in debt. The transaction is expected to be completed by year-end, and is subject to receipt of customary regulatory approvals. With this deal, NBCU now controls Weather.com and its mobile Channel, and of course the ubiquitous cable Channel, making it the biggest weather-related multi-platform distribution outlet by far. NBC also has a much smaller weather operation, the 4-year-old Weather Plus, which includes a cable Channel, often only available on digital cable platforms and found high on the dial, and the Weatherplus.com website...looks like these won't be merged with TWC, though not sure if WeatherPlus will continue to exist ...
The Board of CLS is pleased to announce the Sale of One Leicester Square and Coventry House, Haymarket to Aziz Family Trust Companies, represented by Criterion Capital, for a total price of £57.2m. One Leicester Square is a nine storey leisure and retail building occupying a prominent position on the north side of the square. It comprises 37,920 sq ft (3,523 sq m) and is let to Nickelodeon Huggins, Planright Limited, Sound Too Limited, Crest Trading and Empire Cinema. The property produces an income of £1.7m per annum and was sold for £33.7m, representing a net initial yield of 4.8%. Coventry House, Haymarket, overlooks Piccadilly Circus and provides 18 apartments (14 of which have been sold on long leases) above a restaurant. At roof level is an electronic screen which is let on a revenue sharing basis to Clear Channel. The current income is £1.5m per annum. The property was sold for £23.5m, representing a net initial yield of 5.9%. Overall, these sales represent a premium of £4.4m or 8.4% ahead of the December 2007 valuations. Kingly Partners and Colliers acted on behalf of CLS in respect of the Sale of One Leicester Square. We intend to hold the cash proceeds from these sales for the short to medium term. Executive Chairman of CLS, Sten Mortstedt commented: “We are pleased to have achieved sales of these two Central London properties. Our core investments remain principally in offices and having carried out extensive works and ...