Net News search results for: thomas h. lee capital partners
-
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 »
-
August 19, 2011
Warner Music Group's Board Elects Edgar Bronfman, Jr. Chairman, Stephen F. Cooper CEO
WARNER MUSIC GROUP TODAY (8/19) announced that EDGAR BRONFMAN, JR., who had been serving as the company's CEO, has been appointed to the position of Chairman of the company's Board of Directors and STEPHEN F. COOPER, who had been serving as Chairman, has … more »
-
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 »
-
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 »
-
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 »
-
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 »
-
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 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 »
-
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 »