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The Clear Channel board has agreed to private equity firms Thomas H. Lee Partners and Bain Capital’s increased bid.
The new offer of $39 a share (compared to the original $37.60) faces a shareholder vote on May 8, writes the Contra Costa Times. The vote for the original offer was scheduled to take place this week.
Clear Channel is the largest outdoor advertising company in the world. It owns 973,000 billboards in more than 60 countries. Clear Channel Communications owns nearly 90 percent of the outdoor business; the other 10 percent will continue to trade as a separate stock, regardless of whether the equity buyout succeeds.
Clear Channel Radio is selling nearly 450 radio stations in its smaller markets; after those transactions are complete, Clear Channel will own 675 radio stations, most of them in the largest U.S. markets.
Comcast is hoping to enlighten media buyers on the ways of young men ages 18-34 with its new “field guide,” titled Hunting with Lightsabers, that has been in the works for a year and is now available.
The guide provides…
One of the few remaining tabloid book review sections in the country’s newspapers bought the farm this weekend.
The Chicago Tribune, which last year moved its stand-alone book review tabloid from Sunday to Saturday, has killed the section altogether, replacing…
A “Money Bus” took off to begin its tour of the country this week. The bus - part of a campaign by Kiplinger’s Personal Finance, the National Association of Personal Financial Advisors (NAPFA) Consumer Education Foundation, and TD Ameritrade Institutional…
Though prime time viewing on broadcast is down, all four networks are up in viewers for NFL games through the first four weeks of the season, compared to last year.
NFL games are scoring high ratings in part because the…
Most Americans are very concerned about their internet privacy and many are taking steps to limit the information that is being collected and shared about them online, according to a poll from Consumer Reports, MarketingCharts reports.
To combat what they view…
Companies are struggling with how to adapt to serve a new wave of consumers from the Millennial Generation (or Gen Y) - born between 1982 and 2001 - according to a global survey by the Economist Intelligence Unit and Alcatel-Lucent company Genesys, reports Retailer…
