Net News search results for: bain capital

• October 7, 2009

  Update: Bain And THL Deny Seeking Help From Banks

  

  Disputing an earlier N.Y. POST report, banking sources told THE NEW YORK TIMES' DEALBOOK that BAIN CAPITAL and THL PARTNERS have not approached the banks to prevent CLEAR CHANNEL from defaulting. What's more, there is no new effort to restructure the … more »

• August 7, 2009

  N.Y. Times Confirms Plans To Sell Boston Globe

  

  THE NEW YORK TIMES CO. has confirmed in its quarterly SEC filing that it has hired GOLDMAN SACHS to explore selling the BOSTON GLOBE and WORCESTER TELEGRAM AND GAZETTE. The move has long been rumored, but has now been confirmed; the GLOBE previously … more »

• July 6, 2009

  N.Y. Post: Clear Channel Is 'Clearly Failing'; Clear Channel Says: 'Not So Fast'

  

  CLEAR CHANNEL COMMUNICATIONS is running out of options after its outdoor unit failed to attract interest in a $3 billion debt offering, setting the stage for the company to break its loan agreements later this year, reports THE NEW YORK POST. "Three … more »

• June 29, 2009

  Tough News From CC's Hometown Paper

  

  CLEAR CHANNEL's hometown newspaper, THE SAN ANTONIO EXPRESS-NEWS, writes this dire story: "The signal from CLEAR CHANNEL COMMUNICATION INC.'s radio empire may be fading out." Columnist DAVID HENDRICKS writes in the Business section that … more »

• June 9, 2009

  S&P Cuts Clear Channel Credit Rating

  

  The credit rating of CLEAR CHANNEL COMMUNICATIONS and CC MEDIA, its private equity-controlled holding company, were cut on MONDAY by STANDARD & POOR’S, amid uncertainty about the group’s ability to avoid defaulting on its $20bn of debt, … more »

• June 4, 2009

  Are Clear Channel Lenders Rooting For Default?

  

  Some of the largest lenders to the private equity groups that led the $23.8 billion buy-out of CLEAR CHANNEL COMMUNICATIONS intend to turn down a proposed debt exchange, hoping to drive the radio and outdoor advertising company towards default, reports … more »

• June 2, 2009

  CC Outdoor Holdings Pursuing Help With Maturing Note

  

  In the wake of last month's rejected a proposal (NET NEWS 5/22) by private equity firms THOMAS H. LEE PARTNERS and BAIN CAPITAL, which acquired CLEAR CHANNEL last JULY in a $17.9 billion takeover, for a debt exchange by two lenders, comes more shaky news … more »

• May 22, 2009

  Report: Senior Lenders Reject CC Debt Proposal

  

  A debt-swap proposal by CLEAR CHANNEL was rejected by two senior lenders, further heightening the woes of the operator of radio stations and outdoor advertising space, THE NEW YORK POST said citing sources. At least two lenders rejected a proposal by … more »

• May 14, 2009

  Report: CC Eyes Restructuring $18B Debt Load

  

  CLEAR CHANNEL COMMUNICATIONS has begun reaching out to lenders about restructuring the company's massive debt load just nine months after the company was acquired in a $27 billion leveraged buyout, sources tell THE NEW YORK POST, which writes: "As … more »

• May 5, 2009

  S&P Mulls Downgrading CC Media

  

  STANDARD & POOR'S Ratings Services warned it is considering lowering its credit ratings on CC MEDIA HOLDINGS INC. further into junk territory, saying weak advertising demand in the radio industry and pressure on outdoor advertising will hurt the … more »