Michael J. de la Merced The New York Times Media Group
International Herald Tribune
05-14-2008
Firms close to settling case to buy Clear Channel DEALBOOK
Byline: Michael J. de la Merced The New York Times Media Group
Edition: 3
Section: FINANCE/BUSINESS
After a year of bickering and courtroom battles, Clear Channel Communications may finally be sold.
The two private equity firms seeking to buy Clear Channel, the largest radio broadcaster in the United States, were close to settling with the banks financing the deal on Monday, the company said. A revised deal would finally draw a close on one of the remaining leveraged buyouts from the private equity boom, which popped last year amid the ...