Reclaim the Media 2

Reclaim the Media - Radio

Clear Channel buyer accused of fraud
Posted on: November 20, 2006
Summary:

The country's largest owner of radio stations, Clear Channel, has agreed to a buy-out for a reported 18.7 billion dollars. One of the two major investment groups involved in the purchase of Clear Channel has been accused of violating Securities and Exchange Commission disclosure requirements. Thomas H Lee Partners' history of litigation over unethical business practices may not bode well for the legal and financial future of Clear Channel.

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