Vote near on buyout of Clear Channel
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SAN ANTONIO - After several delays, a shareholder vote is imminent on a proposed $19.5 billion buyout of radio giant Clear Channel Communications Inc.
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The U S Federal Communications Commission may vote on Dec. 20 to make it easier for AT&amp;T Inc. and Verizon Communications Inc. to sell television service, FCC chairman Kevin Martin said.
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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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Business & money: Cable company says it has received a takeover bid and is considering potential sale.
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U.S. communications regulators are expected to approve on Tuesday a plan to loosen media ownership restrictions, despite objections from consumer groups and a threat by some U.S. senators to revoke the action.
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The boardâs support for a deal would leave a final decision to be made by Dow Jonesâ fractious controlling family, the Bancrofts, which could still seek to scuttle the sale.
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Robert M. McDowell will be permitted to cast the tie-breaking vote on the proposed acquisition of BellSouth by AT&T.
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The Federal Communications Commission is pushing ahead to pass a rule today that would allow more consolidation of local media ownership in the nation's largest cities, despite the fresh threat of a legislative rebuke and continued protests from advocacy groups.
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Clearwire Corp is expected to float on the US market today, executing its IPO despite last week's market slump. The WiMax service provider is a rare example of a telecom IPO, and clearly hopes to not flame out as badly as the last big one - Vonage.
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U.S. communications regulators are  expected to approve on Tuesday a plan to loosen media ownership  restrictions, despite objections from consumer groups and a  threat by some U.S. senators to revoke the action.
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Clear Channel Communications Inc.  , which has agreed to be acquired by two private equity  firms and the company's founding Mays family, on Friday posted  a lower profit from a year ago, before it spun off its  entertainment unit.
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Some big Cablevision Systems Corp  stockholders may drop opposition and vote in favor of the Dolan family's $10.6 billion buyout bid for the media company, the New York Post reported on Wednesday, citing sources familiar with the matter.
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Proxy advisory firms  Institutional Shareholder Services (ISS) and Glass Lewis and Co  on Tuesday recommended TXU Corp.  shareholders vote in  favor of a $32 billion buyout of the Texas power company.
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Rupert Murdoch, consolidating his global media empire in the U.S., is expected to announce that he will buy out the shareholders of his Fox properties.
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Cingular Wireless LLC&#39;s $41 billion buyout of rival AT&amp;T Wireless Services Inc., approved Tuesday by the Federal Communications Commission, is expected to give customers
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A critical Senate committee plans to vote this week on legislation that would require broadcasters to abandon their current analog TV channels and switch solely to digital transmissions by 2009.
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Clear Channel Communications said it had sued a unit of Providence Equity Partners to force a completion of a $1.2 billion purchase of 56 television stations.