Net News search results for: thomas h. lee capital partners
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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 »
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June 2, 2009
CC Outdoor Holdings Pursuing Help With Maturing Note
In the wake of last month's rejected a proposal (NET NEWS 5/22) by private equity firms THOMAS H. LEE PARTNERS and BAIN CAPITAL, which acquired CLEAR CHANNEL last JULY in a $17.9 billion takeover, for a debt exchange by two lenders, comes more shaky news … more »
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May 22, 2009
Report: Senior Lenders Reject CC Debt Proposal
A debt-swap proposal by CLEAR CHANNEL was rejected by two senior lenders, further heightening the woes of the operator of radio stations and outdoor advertising space, THE NEW YORK POST said citing sources. At least two lenders rejected a proposal by … more »
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May 5, 2009
S&P Mulls Downgrading CC Media
STANDARD & POOR'S Ratings Services warned it is considering lowering its credit ratings on CC MEDIA HOLDINGS INC. further into junk territory, saying weak advertising demand in the radio industry and pressure on outdoor advertising will hurt the … more »
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April 30, 2009
NY Times: CC Faces Crisis In Cash Flow
CLEAR CHANNEL, last year became the biggest leveraged buyout ever in the media business, after it was taken private by THOMAS H. LEE PARTNERS and BAIN CAPITAL. THE NEW YORK TIMES reports that "now its revenues are plunging and so is its cash flow, … more »
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April 20, 2009
Two Radio Companies On 'Likely To Declare Bankruptcy' List
MONEY CENTRAL at MSN.COM writes "The B-word is in the headlines like never before. There were 7,843 commercial bankruptcy filings in MARCH, according to AACER, a bankruptcy data management company. That's up 23% from the previous month and a … more »
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February 10, 2009
Clear Channel Borrows $1.6 Billion
CLEAR CHANNEL COMMUNICATIONS has borrowed approximately $1.6 billion left from a previous $2 billion line of revolving credit, reports NWAONLINE.COM. CLEAR CHANNEL revealed the latest borrowing in a MONDAY morning filing with the U.S. Securities and … more »
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January 16, 2009
NY Post Report: Clear Channel Cuts Start Tuesday
According to a report in this morning's NEW YORK POST, CLEAR CHANNEL COMMUNICATIONS will next week begin implementing a massive restructuring plan that seeks to cut $400 million in costs at the company. Three NY POST sources, with knowledge of the plan, … more »
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October 27, 2008
Do Labels Want Out Of Artist Management?
WARNER MUSIC GROUP's decision last week to sell its stake in FRONT LINE MANAGEMENT to TICKETMASTER (NET NEWS 10/23) is raising new questions about the future of record labels buying stakes in artist-management firms, writes TODAY's NEW YORK POST. Since … more »
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July 30, 2008
Clear Channel Communications, Inc. Completes Merger With Bain Capital, Thomas H. Lee
CLEAR CHANNEL COMMUNICATIONS, INC. has announced the completion of the protracted and at times bumpy $24 billion merger with CC MEDIA HOLDINGS, INC., formed by a private equity group co-led by BAIN CAPITAL PARTNERS, LLC AND THOMAS H. LEE PARTNERS, L.P. … more »