Net News search results for: standard and poor
-
March 2, 2009
CC Media Holdings Posts $5 Billion Loss
CC MEDIA HOLDINGS, formed to be the parent company of CLEAR CHANNEL COMMUNICATIONS INC., posted a net loss of $5 billion, reports THE WALL STREET JOURNAL. A year earlier, when the company operated as CLEAR CHANNEL COMMUNICATIONS INC., it posted net … more »
-
February 20, 2009
S&P Cuts Clear Channel To B-
STANDARD & POOR's Ratings Services TODAY (2/20) lowered its corporate credit and issue-level ratings on SAN ANTONIO-based CC MEDIA HOLDINGS INC. and its operating subsidiary, CLEAR CHANNEL COMMUNICATIONS INC. by one notch. The corporate credit rating … more »
-
February 5, 2009
Is Sirius In EchoStar's Crosshairs?
CHARLES ERGEN's ECHOSTAR CORP has quietly accumulated a substantial portion of SIRIUS XM SATELLITE RADIO INC's maturing debt in what could be the first salvo in an attempt to take control of the company, writes REUTERS, citing a Wall Street Journal … more »
-
November 11, 2008
Analysts Mixed After Karmazin Conference Call
MEL KARMAZIN's conference call MONDAY discussing SIRIUS XM's financial situation after third quarter 2008 (NET NEWS 11/10) was met with mixed reactions from analysts, who noted the CEO's reassurances on the refinancing of the company's massive debt, but … more »
-
October 17, 2008
S&P Drops Entercom, Radio One From Indexes
ENTERCOM is being dropped by STANDARD AND POOR'S from its Midcap 400 index. The stock was removed from the index after the close of trading THURSDAY, and is being replaced by oil and natural gas company COMSTOCK RESOURCES. ENTERCOM's stock dropped … more »
-
July 14, 2008
Wall Street Feels the Heat
The market for risky U.S. loans is sinking back to lows not seen since the collapse of BEAR STEARNS COS. this year reports THE WALL STREET JOURNAL [Requires registration]. A recurring nightmare for underwriters still stuck with more than $50 billion … more »
-
July 1, 2008
Report: CC Lenders Deepen Discount On Bank Loans
CLEAR CHANNEL COMMUNICATIONS' banks, seeking investors to help finance the company's $17.9 billion leveraged buyout, cut the offering price on some loans, according to people with knowledge of the offering. BLOOMBERG reports CITIGROUP and DEUTSCHE BANK … more »
-
May 27, 2008
PPM: 'The First Year -- A Tale Of Two Cities'
Borrowing from the CHARLES DICKENS novel of 1859 "A Tale Of Two Cities," consultant RANDY KABRICH could easily have borrowed from the opening of the book itself, "It was the best of times, it was the worst of times..." as he has … more »
-
March 27, 2008
Update: Judge Order Keeps CC Deal Together, Banks Want Trial Moved
A TEXAS judge's order that banks fund the proposed $19 billion buyout of CLEAR CHANNEL COMMUNICATIONS by two private-equity firms does not guarantee that the sale will go through, two analysts told REUTERS. Meanwhile, attorneys for the banks filed a suit … more »
-
March 10, 2008
Morgan, Credit Suisse Break Ranks On Clear Channel
Banks struggling to find buyers for $131 billion of unsold loans that financed last year's leveraged buyouts are starting to break ranks and hold individual negotiations with investors, reports BLOOMBERG NEWS. Instead of sticking together in a lending … more »