Net News search results for: bain capital
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April 30, 2009
NY Times: CC Faces Crisis In Cash Flow
CLEAR CHANNEL, last year became the biggest leveraged buyout ever in the media business, after it was taken private by THOMAS H. LEE PARTNERS and BAIN CAPITAL. THE NEW YORK TIMES reports that "now its revenues are plunging and so is its cash flow, … more »
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April 20, 2009
Two Radio Companies On 'Likely To Declare Bankruptcy' List
MONEY CENTRAL at MSN.COM writes "The B-word is in the headlines like never before. There were 7,843 commercial bankruptcy filings in MARCH, according to AACER, a bankruptcy data management company. That's up 23% from the previous month and a … more »
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February 10, 2009
Clear Channel Borrows $1.6 Billion
CLEAR CHANNEL COMMUNICATIONS has borrowed approximately $1.6 billion left from a previous $2 billion line of revolving credit, reports NWAONLINE.COM. CLEAR CHANNEL revealed the latest borrowing in a MONDAY morning filing with the U.S. Securities and … more »
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January 16, 2009
NY Post Report: Clear Channel Cuts Start Tuesday
According to a report in this morning's NEW YORK POST, CLEAR CHANNEL COMMUNICATIONS will next week begin implementing a massive restructuring plan that seeks to cut $400 million in costs at the company. Three NY POST sources, with knowledge of the plan, … more »
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October 27, 2008
Do Labels Want Out Of Artist Management?
WARNER MUSIC GROUP's decision last week to sell its stake in FRONT LINE MANAGEMENT to TICKETMASTER (NET NEWS 10/23) is raising new questions about the future of record labels buying stakes in artist-management firms, writes TODAY's NEW YORK POST. Since … more »
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October 21, 2008
Lala.com Is Reborn
First a CD-trading site, then a free Web-based music browser, LALA.COM is being born again. The site is relaunching TODAY (10/21) as a hybrid, offering the digital download functionality of iTUNES and the free music streaming of MYSPACE MUSIC without the … more »
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October 15, 2008
Ronning Lipset Radio Acquired By TargetSpot
TARGETSPOT, the CBS-funded online streaming media ad targeting firm, has acquired RONNING LIPSET RADIO, an online radio advertising representation firm, and claims it is the largest online radio advertising network. The price was not disclosed, reports … more »
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September 9, 2008
Clear Channel Programming Staff Huddling In Atlanta
TODAY (9/09) is the first of three days of intense programming meetings in ATLANTA with around 60-70 of CLEAR CHANNEL's finest programming minds gathering 'round the campfire for the festivities. Wonderers are wondering what new initiatives, designed to … more »
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July 30, 2008
Clear Channel Communications, Inc. Completes Merger With Bain Capital, Thomas H. Lee
CLEAR CHANNEL COMMUNICATIONS, INC. has announced the completion of the protracted and at times bumpy $24 billion merger with CC MEDIA HOLDINGS, INC., formed by a private equity group co-led by BAIN CAPITAL PARTNERS, LLC AND THOMAS H. LEE PARTNERS, L.P. … more »
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July 24, 2008
Shareholders OK Clear Channel Deal
Shareholders of CLEAR CHANNEL COMMUNICATIONS have approved the buyout deal that will take the company private under a merger agreement with BAIN CAPITAL and THOMAS H, LEE PARTNERS. About 97% of the shares voted were cast in favor of the merger, which is … more »