Net News search results for: thomas h. lee equity fund

• September 6, 2007

  FCC's Martin 'Not Concerned' About Private Equity Takeovers

  

  The FCC is not concerned about the recent spate of private equity takeovers of media companies, Chairman KEVIN MARTIN said in a letter made public WEDNESDAY, reports CNNMONEY. Responding to lawmakers on the House Commerce Committee, MARTIN said it is … more »

• July 27, 2007

  Clear Channel Q2 Revenues Up 5%; Radio Up 1%

  

  CLEAR CHANNEL COMMUNICATIONS reported results for its second quarter ended JUNE 30, 2007. The Company reported revenues of $1.8 billion in the second quarter of 2007, an increase of 5% from the $1.7 billion reported for the second quarter of 2006. CLEAR … more »

• May 30, 2007

  Clear Channel Buyers Reach Voting Agreement

  

  HIGHFIELDS CAPITAL MANAGEMENT has executed a Voting Agreement with BAIN CAPITAL PARTNERS and THOMAS H. LEE PARTNERS regarding the acquisition of CLEAR CHANNEL COMMUNICATIONS by the private equity group. HIGHFIELDS CAPITAL MANAGEMENT advises investment … more »

• May 18, 2007

  CalPERS: Now We'll Vote For Clear Channel Deal

  

  The CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM has thrown its support behind the latest version of the takeover bid for CLEAR CHANNEL (see story below). CALPERS said FRIDAY that it supports the $39.20/share bid by THOMAS H. LEE PARTNERS and BAIN … more »

• May 8, 2007

  NY Post: Shareholder Outcry Caused CC Vote Delay

  

  THE NEW YORK POST reports the $28 billion leveraged buyout of CLEAR CHANNEL COMMUNICATIONS, which appeared dead in the water last week, has been revived after influential shareholders voiced their displeasure with the board's hasty rejection of a … more »

• March 7, 2007

  Report: Fidelity And Others Against Clear Channel Sale

  

  ANDREW ROSS SORKIN writes in today's NEW YORK TIMES that some CLEAR CHANNEL shareholders are planning on voting against the company’s pending $18.7 billion sale to two private equity firms, THOMAS H. LEE PARTNERS and BAIN CAPITAL, because they feel … more »

• January 30, 2007

  Report: Fidelity Voting No On Clear Channel Deal

  

  CLEAR CHANNEL COMMUNICATIONS INC.'s biggest shareholder, FIDELITY MANAGEMENT & RESEARCH, plans to vote against the proposed $18.7 billion private equity buyout of the radio giant, a person familiar with FIDELITY's position said MONDAY. The person … more »

• December 22, 2006

  FCC Schedules Comments In Clear Channel Deal

  

  The FCC has scheduled the comment period for the application by CLEAR CHANNEL to take the company private, which won't be completed until FEBRUARY at the earliest. CLEAR CHANNEL teamed with investment groups THOMAS H. LEE EQUITY FUND and BAIN CAPITAL on … more »

• December 15, 2006

  Clear Channel Files Sale Papers With FCC

  

  CLEAR CHANNEL COMMUNICATIONS has filed the formal paperwork to the FCC to transfer the company's licenses from the present publicly-traded entity to the new private company for $37.60/common share (about $26.7 billion) plus assumption or repayment of … more »