Radio giant Clear Channel amps up digital strategy

Clear Channel Communications Inc., the nation's largest owner of radio stations, is ramping up its strategy to stream radio to mobile phones, computers and other devices.

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Arbitron deal with Clear Channel worth $69 million

Arbitron Inc. said Tuesday it has entered into three-year agreements to measure listener ratings for Clear Channel Communications Inc., the nation's largest owner of radio stations, and affiliated companies in 105 markets.

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Clear Channel cutting 590 radio jobs

Clear Channel Communications Inc., the largest owner of U.S. radio stations, said Tuesday it is cutting 590 jobs, including some on-air personalities, in its second round of mass layoffs this year amid pressure from the recession and evaporating advertising budgets.

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Clear Channel cuts 1,850 jobs, 9 pct of work force

The parent of Clear Channel Communications Inc. told workers on Tuesday that it is cutting 1,850 jobs as the nation's largest owner of radio stations grapples with the economic meltdown.

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Clear Channel goes private as delayed deal closes

The long-delayed deal to take radio and billboard company Clear Channel Communications Inc. private closed Wednesday.

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Clear Channel clears buyout hurdle

Clear Channel Communications Inc. said the debt financing needed for its $17.9 billion sale to two private equity firms is in place, clearing one hurdle in the transaction's path.

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Clear Channel terms reflect tight credit, ad slump

A lot has changed in the year and a half since radio industry leader Clear Channel Communications Inc. struck a deal to go private. Credit markets seized up, radio advertising continued to falter and another radio buyout deal failed.

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Asset sales boost Clear Channel profit; Deal still in limbo

Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.

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Banks Want Clear Channel Lawsuit Tossed

Banks being sued by Clear Channel Communications Inc. and the private equity firm that wants to buy the company fired back Monday, asking a New York state court to dismiss the suit and to ignore requests for an expedited hearing.

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Clear Channel Said to Cut TV Sale Price

Clear Channel Communications Inc. has agreed to drop the price for its television group by $100 million in an effort to preserve a deal with a private equity firm, a person familiar with the matter said Monday.

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Providence Miffed by Clear Channel Suit

Providence Equity Partners said Sunday it was "surprised and disappointed" by a lawsuit filed Friday by Clear Channel Communications Inc. to force the private-equity firm to close a purchase of Clear Channel's television stations.

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Justice Dept. OKs Clear Channel Deal

The Justice Department on Wednesday approved the $19.5 billion sale of Clear Channel Communications Inc., the largest U.S. operator of radio stations and the world's largest billboard company.

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Radio Giant to Sell Stations in 42 Areas

Clear Channel Communications Inc. has agreed to sell radio stations in 42 markets as part of a deal reached with federal regulators that will allow the company to complete its sale to private investors.

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Ads Drive Clear Channel 3Q Up 51 Percent

Radio station and billboard advertising leader Clear Channel Communications Inc. said Thursday third-quarter earnings surged 51 percent, as outdoor advertising revenue continued to grow sharply.

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Google, Clear Channel Ink Long-Term Deal

Google Inc. and Clear Channel Communications Inc. announced a long-term agreement Sunday that will allow the Internet search leader to place advertising for its online customers on more than 675 Clear Channel radio stations.

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Clear Channel 4Q Profit Slumps

Clear Channel Communications Inc., the nation's largest operator of radio stations, said Friday its fourth-quarter earnings tumbled 54 percent as expenses rose ahead of an $18.7 billion planned buyout by a group of private equity firms.

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Clear Channel 2Q Profit Falls to $197.5M

Clear Channel Communications Inc., the nation's largest operator of radio stations, said Tuesday its second-quarter earnings fell more than 10 percent as higher operating costs offset a gain in revenue.

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Clear Channel Posts 4Q Profit of $461.6M

Clear Channel Communications Inc., the nation's largest radio-station owner, said Tuesday it swung to a fourth-quarter profit, most of it generated by the company's spinoff of its live-entertainment subsidiary.

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In his 1983 treatise, The Media Monopoly, Ben Bagdikian warned that 50 multinationals, "all interlocked in common financial interest with other massive industries and with a few dominant international banks," controlled the majority of the leading outlets.

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Facing increasing competition from satellite radio and iPods, Clear Channel Communications is trying something radically different at a commercial radio station in Texas: getting rid of the commercials.

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Ticket seller and concert promoter Live Nation (NYSE: LYV) ranked as the 557th largest company in the U.S. in 2006, the first year it made the list, on "Fortune" magazine's annual record of the nation's top 1,000 corporations.

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Pressures by media companies to generate ever-greater profits are threatening the very freedom the nation was built upon, former CBS News anchor Walter Cronkite warned Thursday.

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