The W
Views: 97618662
Main | FAQ | Search: Y! / G | Calendar | Color chart | Log in for more!
23.7.14 2105
The W - Current Events & Politics - Clear Channel Considers Sale
This thread has 15 referrals leading to it
Register and log in to post!
Thread rated: 7.62
Pages: 1
(519 newer) Next thread | Previous thread
User
Post (1 total)
RYDER FAKIN
Six Degrees of Me








Since: 21.2.02
From: ORLANDO

Since last post: 585 days
Last activity: 23 days
AIM:  
#1 Posted on | Instant Rating: 7.62
Clear Channel Considers Sale, Hires Goldman Sachs

Click Here (bloomberg.com)

Oct. 25 (Bloomberg) -- Clear Channel Communications Inc., the largest U.S. radio broadcaster, is considering a possible sale of the company and hired Goldman, Sachs & Co. as an adviser. The shares jumped 9.7 percent.

The board is evaluating alternatives to increase the share price and can't assure that a transaction will occur, San Antonio-based Clear Channel said today in a statement.

The hiring of Goldman Sachs brings the Mays family, which controls Clear Channel, closer to a possible leveraged buyout. Chief Executive Officer Mark Mays has spun off the company's live entertainment unit, Live Nation Inc., and sold shares of its outdoor advertising unit, Clear Channel Outdoor Holdings Inc., in an IPO. The stock has been hurt by slow growth in the radio industry.

Clear Channel spokeswoman Lisa Dollinger declined to comment beyond the release. The company said in its statement that it won't comment any more about the matter unless a specific transaction is approved by the board.

* * * * *

Too bad for the poor sucker that buys this dog. A perfect business example of "playing for the future", or 2008, so to speak. If CC goes through with this, it's the best story of the next 5 years. Unless someone goes apeshit and drops "the" bomb


FLEA



Demonstrations are a drag. Besides, we're much too high

1ryderfakin.com
Promote this thread!
Thread rated: 7.62
Pages: 1
Thread ahead: Woman confesses to murder on Tom Lykus show
Next thread: Fidel Castro in Central Park
Previous thread: David Kuo rolls on GWB
(519 newer) Next thread | Previous thread
(This isn't much of a "One Question..." topic. I have made the executive decision to move this thread to "Current Events & Politics.")
The W - Current Events & Politics - Clear Channel Considers SaleRegister and log in to post!

The W™ message board

ZimBoard
©2001-2014 Brothers Zim

This old hunk of junk rendered your page in 0.099 seconds.