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Clear Channel, lenders resolve dispute over buyout

AP — Wed, 14 May 2008 03:19:06 +0000

Clear Channel Communications Inc. says it has resolved a legal dispute with its lenders, clearing the way for the leading radio broadcaster to go private.

Clear Channel, banks, buyers in settlement talks

AP — Mon, 12 May 2008 19:29:00 +0000

Clear Channel Communications Inc. and its prospective buyers are in talks with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5 billion takeover, the radio and outdoor advertising company said Monday.

Asset sales boost Clear Channel profit; Deal still in limbo

AP — Fri, 09 May 2008 15:23:31 +0000

Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.

Clear Channel profit surges, income flat from continuing ops

AP — Fri, 09 May 2008 12:44:45 +0000

Clear Channel Communications Inc. reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings from continuing operations were flat.

Clear Channel Communications reports profit, revenue jump

AP — Fri, 09 May 2008 11:28:28 +0000

Radio broadcaster Clear Channel Communications Inc. says its profit soared in the first quarter while revenues rose 4 percent.

Cablevision buys Sundance Channel for almost $500M

AP — Wed, 07 May 2008 17:03:58 +0000

Cablevision Systems Corp. is buying the Sundance Channel, a cable network founded by Robert Redford, for $496 million, the New York-area cable TV company announced Wednesday.

Viacom, 5 Hollywood studios to create new TV channel

AP — Sun, 20 Apr 2008 22:58:51 +0000

Viacom Inc. and five Hollywood studios are joining forces to create a television channel and video-on-demand service.

On wings of a dove, Gospel Music Channel takes off

AP — Sun, 20 Apr 2008 17:57:28 +0000

Only a few thousand families in Tennessee were able to see the Gospel Music Channel light when it began less than four years ago.

Banks Want Clear Channel Lawsuit Tossed

AP — Tue, 01 Apr 2008 01:48:19 +0000

Banks being sued by Clear Channel Communications Inc. and the private equity firm that wants to buy the company fired back Monday, asking a New York state court to dismiss the suit and to ignore requests for an expedited hearing.

Clear Channel Says Deal May Not Close

AP — Fri, 28 Mar 2008 12:36:39 +0000

Clear Channel Communications Inc. said the private equity firms trying to buy the company may not be able to close the deal on time because their banks will not provide financing, according to a Friday regulatory filing.