Head Janitor
Jan 25th 2007, 11:09 AM
Anyone know the status of Clear Channel's plan to sell off its television stations? I haven't heard anything recently, but I may have missed an update. Thanks in advance!
almostlive
Jan 25th 2007, 12:00 PM
Just a guess, but I wouldn't expect much in the way of a sell-off until (if) the Clear Channel private equity buyout is approved. By most accounts, that is still several months away. Latest from the rumor mill indicates the deal is getting substantial resistance and could be rejected by shareholders.