Net News search results for: bain capital
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January 31, 2011
Cumulus Buys Out Partners in Cumulus Media Partners
CUMULUS MEDIA INC. is buying out its equity partners in CUMULUS MEDIA PARTNERS, the company formed to buy the old SUSQUEHANNA stations in 2006. CMP owns 32 stations in nine markets, including SAN FRANCISCO, DALLAS, HOUSTON, ATLANTA, CINCINNATI, … more »
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January 25, 2011
Fitch Ratings: Four Possible Warner Scenarios
With the news last week (NET NEWS 1/21) that WARNER MUSIC GROUP had hired the investment bank GOLDMAN SACHS to seek out potential buyers for the company, many rumors regarding WMG and EMI began swirling. Now, FITCH RATINGS, an international ratings … more »
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November 15, 2010
Bob Pittman Joins Clear Channel; CC Radio Will Report To Operating Committee Through Pittman
CC MEDIA HOLDINGS and its wholly-owned subsidiary, CLEAR CHANNEL COMMUNICATIONS, INC., has named ROBERT W. PITTMAN, former CEO of MTV NETWORKS and AOL NETWORKS and former COO of AMERICA ONLINE and AOL TIME WARNER, Chairman of Media and Entertainment … more »
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October 4, 2010
Clear Channel Adds Live Nation's Azoff To Board
CLEAR CHANNEL COMMUNICATIONS has named IRVING AZOFF to its board of directors, according to a securities filing filed late last week. AZOFF is the Executive Chairman of LIVE NATION ENTERTAINMENT as well as the manager of acts including THE EAGLES and … more »
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May 21, 2010
Clear Channel/Austin Flips KFMK, KPEZ Frequencies
CLEAR CHANNEL is flipping the formats of two stations within its AUSTIN cluster. Top 40/Rhythmic KFMK (THE BEAT) and Contemporary Christian KPEZ (THE RIVER) will switch formats beginning at midnight MONDAY, MAY 31st; THE BEAT will be heard on 102.3, … more »
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April 12, 2010
NY Post: Clear Channel Risks 'Collapse'
CLEAR CHANNEL COMMUNICATIONS risks "likely collapse" if it can't restructure its debt in the next few years, reports THE NEW YORK POST, which claims "that is exactly what some of its large creditors want." "There have been … more »
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February 25, 2010
Moody's Says Clear Channel Restructuring 'Inevitable'
MOODY'S INVESTOR SERVICE has said in a new report that a restructuring of CLEAR CHANNEL COMMUNICATIONS "is inevitable," although owners BAIN CAPITAL and THOMAS H. LEE PARTNERS may try to delay it as long as possible, reports REUTERS. Lead … more »
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December 28, 2009
Clear Channel Sells $2.5 Billion Of Debt
CLEAR CHANNEL's outdoor unit has completed raising $2.5 billion in the high-yield debt market, removing concerns about the company's short-term liquidity. REUTERS reports that proceeds will be used to repay debt owed to CLEAR CHANNEL. Private equity … more »
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December 7, 2009
Report: CC Outdoor Mulling Bond Offer
The WALL STREET JOURNAL is reporting that CLEAR CHANNEL OUTDOOR is talking with lenders to raise up to $2.5 billion in the high-yield bond market to help pay off the $2.5 billion it owes to parent CLEAR CHANNEL in an intercompany note due in AUGUST. The … more »
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December 4, 2009
Report: Apple Looking To Buy Lala
SOURCES tell BLOOMBERG that APPLE INC.is in negotiations to buy online music service LALA, which is currently owned by BAIN CAPITAL VENTURES and IGNITION PARTNERS in BELLEVUE, WA. The terms of the deal for privately held LALA weren't known. LALA lets … more »