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
- Bye Bye Market Managers
- iHeart’s Likely Buyer
- Townsquare’s Mounting Problems
- Deregulation in Trouble
- The Real SiriusXM/Audacy Distribution Deal
- Outbreak of License Forfeitures
- The Stations in Danger When De-Reg Resumes
- Why Beasley is Outperforming iHeart
- What Comes After Ratings, Downloads and Impressions?
- Cumulus’s FCC DEI Dilemma