Net News search results for: bain capital partners
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January 31, 2012
Ryan Seacrest Gets A Major Investment From Clear Channel, Thomas H. Lee And Bain Capital
RYAN SEACREST MEDIA and CLEAR CHANNEL, together with CLEAR CHANNEL's majority investors THOMAS H. LEE PARTNERS and BAIN CAPITAL, have entered into two new investment agreements "designed to drive business growth across multiple media … more »
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October 3, 2011
CC Media Holdings Names Bob Pittman CEO
As first reported by ALL ACCESS, YESTERDAY (NET NEWS 10/2), CC MEDIA HOLDINGS announced BOB PITTMAN will become its Chief Executive Officer. PITTMAN joined CLEAR CHANNEL in NOVEMBER 2010 as an investor and the company’s Chairman of Media and … more »
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September 9, 2011
Antitrust Suit Against Equity Firms Now Encompasses Clear Channel, Univision Buyouts
The expansion by a federal judge of the scope of an antitrust suit against 11 private equity firms is bringing the buyouts of CLEAR CHANNEL and UNIVISION under scrutiny. The NEW YORK TIMES' DEALBOOK reports that the suit accuses the firms of a … more »
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August 12, 2011
Cumulus Reports Revenues, Expenses Down
CUMULUS MEDIA TODAY (8/12) reported financial results for the three and six months ended JUNE 30th, 2011. Chairman/CEO LEW DICKEY stated, "Q2 presented a challenging environment for our markets. Our cash revenues declined 0.4%, but our team did an … more »
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August 1, 2011
Cumulus Media Closes On Cumulus Media Partners Acquisition
CUMULUS MEDIA has closed on the acquisition of the equity interests of CUMULUS MEDIA PARTNERS, LLC that it did not already own. CMP was made up primarily of the stations acquired by CUMULUS in 2005 from SUSQUEHANNA PFALTZGRAFF and is now being brought … more »
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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 »