Report: Clear Channel Considering Going Private
October 24, 2006 at 5:01 PM (PT)
CNBC is reporting that CLEAR CHANNEL COMMUNICATIONS is considering a leveraged buyout to take the company private. The report said that the MAYS family has had talks with private equity firms and may be talking to others about a possible LBO. Shares of the stock rose 42 cents TUESDAY to $32.20 after the report.
BLOOMBERG NEWS reports that CLEAR CHANNEL spokeswoman LISA DOLLINGER had no comment on the report.