Net News search results for: bain capital partners

• 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 »

• 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 »

• 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 »

• 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 »

• 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 »

• 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 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 »