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July 25, 2008 8:01:34 AM CDT


Stories related to: Clear Channel

Stories

9 Stories

  • July 2008
    • Limbaugh Signs $400M Deal

      Limbaugh Signs $400M Deal

      Rush Limbaugh has signed an eight-year contract renewing his syndication with Clear Channel for more than $400 million. This makes for the second-most-lucrative deal in radio history, ranking only behind Howard Stern's $500 million deal with Sirius in 2004, the Washington Post reports. "I'm having more fun than a human being should be allowed to have," said Limbaugh. More »

      Tags

      radio   Rush Limbaugh   Clear Channel

  • April 2008
    • Zell Turns to Radio Talent to Shake Up Newspapers

      Zell Turns to Radio Talent to Shake Up Newspapers

      New publishing mogul Sam Zell is recruiting colorful veterans from the radio industry in a bid to help save his struggling Tribune Company, the Wall Street Journal reports. Zell is hoping the imports will spark innovation at the company, whose debt has swelled to $12.8 billion amid declining newspaper ad revenue. Most of the new recruits come from Clear Channel Communications; they're expected to shake up Zell's newspapers as they did the radio scene. More »

      Tags

      Chicago Cubs   newspaper   radio   Tribune Company   Sam Zell   Los Angeles Times   Newsday   Clear Channel   Chicago Tribune   local TV stations

    • LA Billboards Off the Charts

      LA Billboards Off the Charts

      Billboards are out of control in the City of Angels, Pat Morrison writes in the Los Angeles Times , and an industry with almost no accountability is again fighting city efforts at regulation. Giants Clear Channel and CBS Outdoor are throwing a "well-lawyered hissy-fit" against an effort to make the location and description of every billboard in LA public knowledge. More »

      Tags

      Los Angeles   advertising   CBS   Clear Channel   billboards

  • March 2008
    • Clear Channel, Buyers Sue Banks Over Soured Deal

      Clear Channel, Buyers Sue Banks Over Soured Deal

      The two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by attempting to back out of the deal amid the tanking credit market. More »

    • Stocks Fall on Recession Fears

      Stocks Fall on Recession Fears

      Stocks fell today amid a new wave of recession concerns, Bloomberg reports. A big drop by Citigroup led financials to their worst plunge in almost two weeks, and oil prices jumped back up after inventory showed supply unchanged from last week. The Dow ended down 109.74 to 12,422.86, the Nasdaq off 16.69 to 2,324.36, and the S&P 11.86 to 1,341.13. More »

      Tags

      stock market   oil price   recession   credit crisis   Citigroup   Clear Channel

    • $19B Buyout of Clear Channel Nearly Dead

      $19B Buyout of Clear Channel Nearly Dead

      A $19 billion bid to privatize Clear Channel appears likely to fall through as buyers and financiers bicker—with credit-crunch-induced liquidity woes a major stumbling block, the Wall Street Journal reports. A credit agreement between private equity firms and the banks funding the move has become shaky. “No one wants to do this deal except for the seller,” said a source. More »

      Tags

      bank   credit market   privatization   Bain Capital   Clear Channel   financial institutions   Thomas H. Lee Partners   sale

  • January 2008
  • May 2007
  • April 2007
    • Radio Replaces Commercials With Sponsors

      Radio Replaces Commercials With Sponsors

      In a throwback to the days of Texaco Star Theater and the Colgate Comedy Hour, a Clear Channel radio station has ditched spot ads in favor of hourly corporate sponsors. In an effort to compete with uninterrupted satellite radio and mp3 players, DJs on KZPS-FM in Dallas will pepper their banter with references to that hour's backer. More »

      Tags

      business   advertising   radio   Dallas   commercials   Clear Channel

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