Doomsday is coming.
By mid-April Clear Channel will know whether its shareholders will approve its low ball offer to cash in their chips and take the company private. That is, if the vote isn't postponed -- again.
Seems like America's biggest radio consolidator may be having trouble getting shareholders to do what it wants. The shareholders are restless about this Clear Channel plan. You remember slim and none, don't you? Well, it appears the $19 billion dollar, $37.60 per share buyout by private equity firms Bain Capital Partners and Thomas H. Lee Partners is no slam-dunk. It may be a dunk, but without the&hellip
Recent Posts
- The Company Cleaning iHeart’s Clock
- The End of Consolidation
- The Return of Payola
- iHeart Scraping Competitors’ Business
- The Hurry-Up Cumulus Bankruptcy Plan
- Urban One’s Managed Decline
- An Urgent Behind-the-Scenes Cumulus Pivot
- GM Secretly Taking Back In-car Entertainment
- The Podcast Reckoning
- Beasley’s Nepo Problem