Thursday, November 16th, 2006

Clear Channel Downsizes, Goes Private

From Paul Porter at Industry Ears comes the news that Clear Channel is going private for a $27 billion buyout from investors Bain Capital and Thomas H. Lee Partners.

Even more interesting is the announcement that they are selling off more than 400 radio stations.

Is this the beginning of a reversal in terrestrial monopoly radio? Has the logjam been broken?

UPDATE: Apparently Mass governor and potential Republican presidential candidate Mitt Romney is a principal in Bain Capital. Political speculation is running rampant.

posted by @ 8:04 am | 3 Comments

3 Responses to “Clear Channel Downsizes, Goes Private”

  1. the clutterer says:

    I fear that this might have to do more with the decreasing returns of radio more than anything else.

  2. Jeff says:

    could be that old law of history: good things happen because of the wrong reasons.

  3. LFager says:

    Nobody get excited, these stations are all outside the top 100 market. They are very small stations in small markets… I can only imagine that none of the buyers will be people of color or women. This was truly a good ole boys sell. Most companies give buyers 5 months to prepare to bid… Clear Channel gave buyers 3 weeks.

    Lisa Fager
    Industry Ears

Previous Posts

Feed Me!






Come follow me now...


We work with the Creative Commons license and exercise a "Some Rights Reserved" policy. Feel free to link, distribute, and share written material from for non-commercial uses.

Requests for commercial uses of any content here are welcome: come correct.

Creative Commons License