Clear Channel: A Million For Six Months Of Lobbying
August 13, 2007 at 5:29 AM (PT)
CLEAR CHANNEL has spent more than $1.2 million in the first half of 2007 to lobby the federal government, reports FORBES. According to a form posted by the SENATE's public records office, the media giant lobbied on numerous issues involving radio royalties, broadcasting and billboards.
CLEAR CHANNEL also lobbied against bills proposing higher taxes for private equity firms, which should come as no surprise, since the company is on the receiving end of a $19.45 billion buyout by a private equity group led by THOMAS H. LEE PARTNERS and BAIN CAPITAL PARTNERS.
During this time, CLEAR CHANNEL also lobbied the FCC.