The chances of the Clear Channel $20 billion buyout closing look even more uncertain as the parties prepare to go to trial.
“Law and Order” Court Preps for Clear Channel Trial
By Leslie Gevirtz – Reuters (9 May 2008)
Clear Channel’s Murky Outlook
By John Simons – Money.CNN.Com (9 May 2008)
The company’s earnings, while shaky, aren’t terrible. But its efforts to march through the economy’s slowdown are overshadowed by a private equity deal that is likely doomed.
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