Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, 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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