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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.

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.

Clear Channel Gets Favorable Deal Ruling

AP — Thu, 27 Mar 2008 12:49:55 +0000

Clear Channel Communications Inc. said Thursday that a Texas judge has issued an order barring banks from taking steps that would “interfere or thwart” the closing of the proposed $19.5 billion buyout of the nation’s biggest radio station operator.

Clear Channel, Buyers Sue Banks

AP — Wed, 26 Mar 2008 23:41:26 +0000

Clear Channel Communications Inc. and the private equity firms seeking to close a $19.5 billion purchase of the company on Wednesday sued the banks backing the deal.

Clear Channel Hit by Deal Collapse Fears

AP — Wed, 26 Mar 2008 19:39:07 +0000

Radio and billboard giant Clear Channel Communications Inc. has been buffeted for months by fears it would get jilted by its proposed buyers or the banks funding the $19.5 billion deal, but with time running out Wednesday investors were scrambling for the exits.