February 18, 2008
Clear Channel Sues to Force Sale of TV Stations
Buyer's remorse is not our problem, says Clear Channel Communications, as it filed a complaint against a subsidiary of Providence Equity Partners to complete a $1.2 billion purchase of 56 television stations. Clear Channel is being acquired by private equity firms for close to $20 billion; this is a separate deal. NYTimes, Broadcaster Sues to Force Buyout Deal.
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