Clear Channel Communications Inc. on Friday released earnings for the media and entertainment company's first quarter at a critical juncture in its history.
The company, which owns eight Cincinnati radio stations, had been set to finalize its merger with an investment group led by Thomas H. Lee Partners LP and Bain Capital Partners LLC by the close of the first quarter. That has not happened due to lenders' reluctance to provide financing for the deal.
http://www.bizjournals.com/cincinnati/stories/2008/05/05/daily57.html
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