Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Clear Channel accepts revised buyout offer

Published on .

San Antonio—Clear Channel Communications, which owns radio stations, TV outlets and outdoor advertising displays, said its board of directors has accepted the revised version of a buyout offer from Thomas H. Lee Partners and Bain Capital worth $19.5 billion. Under the terms of the agreement, Clear Channel shareholders will receive $39.20 per share, up from the previous offer of $39 per share. Before it can go forward, the deal must be formally approved by a majority of shareholders in a special, still unscheduled vote. If the deal is ultimately approved, Clear Channel would go into private hands.
Most Popular
In this article: