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Tuesday, March 25, 2008

WSJ: Clear Channel Deal Near Collapse

by Calculated Risk on 3/25/2008 04:13:00 PM

From the WSJ: Clear Channel Communications' Privatization Deal Is Near Collapse

The $19 billion privatization of Clear Channel Communications Inc. was near collapse as the private equity firms behind the deal and the banks financing it failed to resolve their differences over the terms of the credit agreement ...
This is a deal no one wants - except Clear Channel's current owners.