Net News search results for: providence equity partners inc

• April 20, 2007

  Clear Channel Sells TV Group To Providence Equity Partners

  

  CLEAR CHANNEL COMMUNICATIONS has entered into a definitive agreement to sell its Television Group to PROVIDENCE EQUITY PARTNERS INC. for approximately $1.2 billion. The sale includes 56 television stations (including 18 digital multicast stations) … more »

• March 29, 2007

  Univision Deal Closes

  

  As expected, BROADCASTING MEDIA PARTNERS has closed on UNIVISION COMMUNICATIONS in a $12.7 billion deal that takes the company private. The closing follows TUESDAY's approval of the deal by the FCC; as previously reported, JOE UVA will serve as CEO while … more »

• February 27, 2007

  Official: Univision Names Joe Uva CEO

  

  As ALL ACCESS reported earlier today, UNIVISION COMMUNICATIONS has now officially named OMD WORLDWIDE Pres./CEO JOE UVA its new CEO, effective APRIL 1. UVA replaces A. JERROLD PERENCHIO, who will step down when the company's sale to BROADCASTING MEDIA … more »

• February 16, 2007

  Univision Merger Moves Forward

  

  UNIVISION COMMUNICATIONS announced that UMBRELLA ACQUISITIONS INC. intends to offer $1.5 billion principal amount of senior notes due 2015. The consummation of the notes offering is subject to market and other conditions. UMBRELLA ACQUISITIONS was formed … more »

• December 28, 2006

  Private Equity Council Formed, Doug Lowenstein Is Pres./CEO

  

  You'll recall that the recent CLEAR CHANNEL $26.7 billion deal was put together by private equity firms THOMAS H. LEE PARTNERS and BAIN CAPITAL, (NET NEWS 11/16), and now this growing sector of private equity firms has a unified face on CAPITOL HILL with … more »

• December 19, 2006

  Tribune Says CEO Not Involved In LBO Bid

  

  Contradicting a report in one of its own papers, TRIBUNE CO. says that CEO DENNIS FITZSIMONS is not involved in any bid to buy the company.  The LOS ANGELES TIMES reported MONDAY that FITZSIMONS was leading a leveraged buyout bid, in opposition to a … more »

• November 13, 2006

  Clear Channel Bids Expected Today

  

  THE NEW YORK TIMES reports that two consortiums of private equity firms are expected to submit final bids today for CLEAR CHANNEL COMMUNICATIONS. Bidders were making last-minute adjustments to their offers last night, according to reports, after the … more »

• October 25, 2006

  Tribune Retirement Plan Changes Arouse NY Post Suspicion Of Pending Sale

  

  Does TRIBUNE management know something they're not saying publicly yet? That's the NEW YORK POST's inference from TRIBUNE's changes to its retirement and bonus plans to grant some executives payouts if the company changes owners, a procedure the POST … more »

• September 27, 2006

  Univision Shareholders Approve Sale Of Company

  

  UNIVISION shareholders approved the sale of the company to a consortium of investors headed by producer HAIM SABAN on WEDNESDAY (9/27). The shareholder vote, with over 80% voting yes, gives the go-ahead for the $12.3 billion deal, which amounts to … more »

• July 25, 2006

  New Univision Owners File For FCC Waivers; Radio Sale Rumored

  Could the new owners of UNIVISION be required to spin off media interests in several markets to comply with FCC crossownership rules? The MIAMI HERALD reports that a UNIVISION SEC proxy statement discloses that UMBRELLA HOLDINGS, the group headed by … more »