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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Clear Channel

Clear Channel stories: 10 news summaries

24/7 Online Artist Channels Point to Radio's Future

Eagles, Christina Aguilera, Weezer to be first 'DJs'

Jun 12, 09 11:21 AM CDT
(Newser) - Musicians want to connect with fans, and radio needs to survive in the Web 2.0 era: Enter artist personal experience (a.p.e.) radio. Clear Channel launches the 24/7 online channels, featuring artists’ personal radio shows, next month. “We feel that the old model of trying to... More »

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music • radio • Clear Channel • web radio • Eagles • Weezer • Christina Aguilera • Internet radio • Jay-ZTV • artist personal experience radio

 Limbaugh Signs $400M Deal 

He renews Clear Channel contract for 8 years

Jul 2, 08 4:26 PM CDT
(Newser) - 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... More »

MORE ABOUT:
radio • Rush Limbaugh • Clear Channel

Zell Turns to Radio Talent
to Shake Up Newspapers

Tribune chief hiring radio veterans to help company

Apr 7, 08 8:20 AM CDT
(Newser) - 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... More »

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radio • newspaper • Chicago Cubs • Sam Zell • Tribune Company • Clear Channel • Los Angeles Times • Newsday • local TV stations • Chicago Tribune • Lee Abrams • Randy Michaels

OPINION

 LA Billboards Off the Charts 

Times columnist blasts industry's 'well-lawyered hissy-fit' against city count

Apr 3, 08 3:21 PM CDT
(Newser) - 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... More »

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CBS • advertising • Clear Channel • Los Angeles • billboards • Clear Channel Outdoor • CBS Outdoor • city government

Clear Channel, Buyers Sue Banks Over Soured Deal

Equity firms claim lenders backtracked on financing takeover of broadcast giant

Mar 26, 08 6:02 PM CDT
(Newser) - 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... More »

MORE ABOUT:
private equity • Citigroup • Credit Suisse • Royal Bank of Scotland • mergers and acquisitions • Clear Channel • Bain Capital • Thomas H. Lee Partners • leveraged buyouts • Morgan Stanley • Deutsche Bank

MARKETS

  Stocks Fall on Recession Fears 

Citigroup's big drop keys bad day for financials

Mar 26, 08 3:39 PM CDT
(Newser) - 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.... More »

MORE ABOUT:
stock market • Citigroup • Clear Channel • recession • credit crisis • oil price

$19B Buyout of Clear Channel Nearly Dead

Credit woes have sale of radio giant to private firms crumbling

Mar 25, 08 7:30 PM CDT
(Newser) - 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... More »

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

Investors Worry Clear Channel Sale Is Off the Air

Credit worries and a slumping stock price have Wall Street worried the deal is done

Jan 30, 08 3:22 PM CST
(Newser) - Optimism on Wall Street about Clear Channel's $19 billion equity buyout is fading and its share price is spiraling lower as the deal, more than a year in the making, appears to be unraveling—done in by regulatory issues, credit worries, and deteriorating industry conditions, the Wall Street Journal reports.... More »

MORE ABOUT:
Wall Street • Clear Channel • Bain Capital • Thomas H. Lee Partners • private equity firms

(Newser) - After months of stops and starts, Clear Channel's board today gave the green light to a $19.5 billion buyout offer. The communications giant bit after Thomas H. Lee Partners and Bain Capital, which have been bidding since November, gained the backing of two large shareholders. The successful offer was... More »

MORE ABOUT:
private equity • radio • Clear Channel • Bain Capital • Thomas H. Lee Partners • shareholders • business • privatization • communication

Radio Replaces Commercials With Sponsors

Dallas station moves
to keep up with the iPod generation

Apr 23, 07 9:33 PM CDT
(Newser) - 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... More »

MORE ABOUT:
radio • advertising • Dallas • Clear Channel • business • commercials • KZPS FM

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