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- AT&T Sends Controversial ‘American Idol’ Text Message
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Clear Channel Confirms Rumors
Clear Channel Communications has confirmed rumors that it is entertaining offers from suitors interested in purchasing the company.
In a statement issued after the markets closed yesterday, the company wrote, “Clear Channel Communications confirmed today that its board of directors is evaluating various strategic alternatives to enhance its shareholder value,” writes Radio Ink.
Speculation that Clear Channel may be considering taking the company private surfaced Tuesday, following reports that it was in talks with private equity firms, including Kohlberg, Kravits and Roberts.
Jonathan Jacoby, in a Banc of America Securities report, said such a transaction seems unlikely.
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