Clear Channel Preparing To Leave The Market

“The deal to take Clear Channel Communications Inc. private, disclosed 20 months ago, has been the subject of a lot of static from rankled shareholders, company officials, and lenders. Delayed and downsized, the $17.9 billion deal for the nation’s largest owner of radio stations and a global power in billboards will finally close a week from today if shareholders approve the $36-per-share offer tomorrow.”