BNET Industries
Clear Channel Communications Inc. (CCU) is in the Media Industry
- Revenue
- Dec 31 2007
- $6.8B
- Profit
- Dec 31 2007
- $938.5M
- Market Cap
- May 09 2008
- $14.9B
Latest News and Analysis
Clear Channel signs lyric deal with Gracenote
US radio giant, Clear Channel, has signed a song lyric deal with Sony-owned digital entertainment firm, Gracenote, in a bid to expand its online services. Under the deal, listeners of some 800 Clear Channel radio stations in the US can now access and search lyrics from each station's website....
Clear Channel buyout nears as banks accept settlement - Rumour
The takeover of Clear Channel by two PE firms may be nearing completion, as the parties are reportedly reaching a settlement with the banks supposed to finance the deal after months of legal battle. Under the settlement terms, the takeover price will be cut from USD19.4m to USD18m, while...
Clear Channel in Settlement Talks
By Megan Davies and Leslie Gevirtz NEW YORK (Reuters UK) - Talks are underway to settle a dispute over financing the $20 billion (10.2 billion pound) leveraged buyout of U.S. radio operator Clear Channel Communications (CCU), the company said in a statement on Monday. A trial...
Clear Channel in Settlement Talks, Trial Delayed
By Megan Davies and Leslie Gevirtz NEW YORK (Reuters) - Talks are underway to settle a dispute over financing the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc (CCU), the company said in a statement on Monday. A trial...
Clear Channel Banks to Fund Buyout: Report
NEW YORK (Reuters) - The banks that had been trying to pull out of the funding for the $20 billion buyout of Clear Channel Communications (CCU) have reached a settlement with the private equity firms that had sued them, the Wall Street ...
"Law and Order" Court Preps For Clear Channel Trial
By Leslie Gevirtz NEW YORK (Reuters UK) - The iconic New York State Supreme Court house, a popular backdrop for movies and television shows, was busy preparing for Monday's showdown over the $20 billion (10.2 billion pound) buyout of Clear Channel Communications (CCU). Technicians set...
Clear Channel Banks Ask For Delay in Texas Trial
By Jessica Hall PHILADELPHIA (Reuters) - Clear Channel Communications Inc (CCU) said a Texas court on Monday dismissed a request by a group of banks to delay a trial over the funding of the $20 billion buyout of the radio station operator. The...
NY Judge Dismisses Counterclaims Vs Clear Channel
By Jessica Hall PHILADELPHIA (Reuters UK) - A New York judge dismissed counterclaims against Clear Channel Communications Inc (CCU) on Friday in a lawsuit over the funding of a $20 billion (10 billion pound) buyout of the radio station operator. The private equity buyers -- Thomas...
NY Judge Dismisses Counterclaims Vs Clear Channel
By Jessica Hall PHILADELPHIA (Reuters) - A New York judge dismissed counterclaims against Clear Channel Communications Inc (CCU) on Friday in a lawsuit over the funding of a $20 billion buyout of the radio station operator. The private equity buyers -- Thomas H....
Blackstone Says Alliance Data Lawsuit Spurious
NEW YORK (Reuters) - Private equity and real estate firm Blackstone Group (BX) said on Saturday it would vigorously defend itself against a lawsuit filed against it by Alliance Data Systems Corp (ADS) and "does not intend to settle." Blackstone agreed a $6.76...
Banks in Clear Channel Case Ask For Stay of Trial
NEW YORK (Reuters UK) - The banks being sued in the dispute over the $20 billion (10 billion pound) Clear Channel Communications Inc (CCU) leveraged buyout asked the Supreme Court of Texas to stay all proceedings in a trial court there, according to court documents....
BNET Daily Dispatch: Microsoft, Reuters, EMI, and Clear Channel
Microsoft has renewed its efforts to buy Yahoo. The two companies have had informal talks over the years, but this latest effort comes as Microsoft tries to counter Google's torrid growth. Analysts often dismiss a takeover of Yahoo by Microsoft citing the two companies different cultures and Microsoft's preference...
BNET Daily Dispatch: Chrysler, Clear Channel, Dell, and Sony
Chrysler Group said it would invest $1.8 billion in new and expanded factories in Michigan to remain competitive. Earlier this month, DaimlerChrysler said that it's in talks to sell Chrysler after it lost $1.5 billion in 2006. Chrysler said it made the move becausIn hopes of wooing key investors, buyout...
Additional Resources
Clear Channel Announces Extensions to its Offer Expiration Date and Consent Payment Deadline in Tender Offers and Consent Solicitations for Senior Notes
SAN ANTONIO -- In connection with Clear Channel Communications, Inc.'s ("Clear Channel") previously announced tender offer for its outstanding 7.65% Senior Notes due 2010 (CUSIP No. 184502AK8) (the "CCU Notes") and Clear Channel's subsidiary AMFM Operating Inc.'s ("AMFM") previously announced tender offer for its outstanding 8% Senior Notes due 2008...
Miller Brews up Powerful Branding as Official Beer of Westgate City Center
America's Oldest Brewer Secures Primary Position on Spectacular Signage and Mobile Application; Exclusive Rights for Beer Brands to be Poured at Special Events NEW YORK -- Clear Channel Branded Cities, a division of Clear Channel Outdoor, today announced a three-year marketing partnership with Miller Brewing Company to make...
Big heat is on for Eric Floyd
By now, it probably has dawned on Eric DeShawn Floyd that his time is running out, no matter how many dark corners of the world he finds to hide in. Philadelphia police and FBI officials continued yesterday to turn up the heat on Floyd, the only suspect still being sought...
Now Boarding! Reactrix, Leading Digital Out-of-Home Media Network Enters into Exclusive Relationship with Clear Channel Outdoor in Select U.S. Airports
Reactrix' STEPscape[TM] Interactive Advertising Network to begin Pilot Program with Clear Channel Outdoor REDWOOD CITY, Calif. & PHOENIX -- Reactrix Systems, Inc., a leading interactive out-of-home media company, today announced it has entered into a multi-year strategic agreement with Clear Channel Airports, the U.S. leader in airport advertising...
Wall Street News Alert: Aggressive Stock Alert: CPYE! April 30, 2008
Wall Street News Alert's "stocks to watch" thismorning are: Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE),International Business Machines Corporation (NYSE: IBM), Take-TwoInteractive Software, Inc. (NASDAQ: TTWO) and Clear Channel Communications(NYSE: CCU). Having recently reported that revenues increased 994% to $8.8 Million forthe year ended December 31, 2007, Conspiracy Entertainment Holdings Inc.(OTCBB:...
Clear Channel Outdoor Renews Long-Term Contract to Provide Outdoor Advertising for City of Helsinki
PHOENIX -- Clear Channel Outdoor, the world's leading outdoor advertising company, has been selected by the city of Helsinki, Finland's capital, to provide multiple outdoor advertising formats, including street furniture, advertising pillars, billboards and digital screens. This contract represents the second largest outdoor contract in the Nordic region...
Clear Channel Announces Extensions to its Offer Expiration Date and Consent Payment Deadline in Tender Offers and Consent Solicitations for Senior Notes
SAN ANTONIO -- In connection with Clear Channel Communications, Inc.'s ("Clear Channel") previously announced tender offer for its outstanding 7.65% Senior Notes due 2010 (CUSIP No. 184502AK8) (the "CCU Notes") and Clear Channel's subsidiary AMFM Operating Inc.'s ("AMFM") previously announced tender offer for its outstanding 8% Senior Notes due 2008...
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- Incorporated: 1974
- CEO: Mr. Mark P. Mays
Clear Channel Communications is a media company with three principal business segments: radio broadcasting, Americas outdoor advertising and international outdoor advertising. Co. also owns, programmes or sells airtime for 56 television stations, including 18 television stations distributed as digital multicast stations and owns a media representation firm. As of Dec 31 2007, Co. owned 1,005 radio stations and a national radio network operating in the U.S. In addition, Co. has equity interests in various international radio broadcasting companies. As of Dec 31 2007, Co. owned or operated approximately 209,000 Americas and 687,000 international outdoor advertising display faces.
Key Competitors
Clear Channel Communications Inc. Company Info
Board of Directors
Mr. L. Lowry Mays
Chairman
Mr. John H. Williams
Mr. John B. Zachry
Mr. Alan D. Feld
Mr. Perry J. Lewis
Mr. Mark P. Mays
Mr. Randall T. Mays
Mr. B. J. McCombs
Ms. Phyllis B. Riggins
Mr. Theodore H. Strauss
Mr. J. C. Watts Jr.
Contact Information
200 East Basse Road
San Antonio, TX
210 822-2828
NAICS Code
Radio Networks: 515111
