FCC OKs Clear Channel buyout
523335
The Federal Communications Commission has signed off on the $19.5 billion deal that will take the nation's largest radio broadcaster private, an agency official said Thursday.
153093
Cingular Wireless completed its purchase of AT&amp;T Wireless yesterday after the Federal Communications Commission signed off on the $41 billion deal that creates the country&#39;s largest mobile phone provider.
68318
Clear Channel Communications Inc., the largest U.S. radio station chain, on Friday posted higher operating earnings and said a new strategy to trim advertising airtime showed early signs of success.
626926
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.
69299
Clear Channel Communications Inc., the nation's largest radio station operator, has selected Fox News Radio to provide national news for most of its news and talk stations in deal expected to nearly double Fox's radio presence.
607366
Multimedia monster Clear Channel Communications (NYSE: CCU) turned up the volume today with a third-quarter report that was decidedly better than the headlines hyping a &quot;60% drop&quot; in earnings.
103113
Clear Channel Communications Inc., the largest US radio station chain, on Friday posted higher operating earnings and said a new strategy to trim advertising airtime showed early signs of success.
716854
Clear Channel Communications, the largest United States radio broadcaster, postponed a shareholder vote on its $19 billion sale by a month yesterday to improve the dealâs chances for approval.
117026
The U.S. Federal Communications Commission has approved the purchase by AT&amp;T of 12MHz of wireless spectrum that covers 60 percent of the U.S.AT&amp;T bought the spectrum from Aloha Spectrum Holdings. The spectrum, in the highly coveted 700MHz band, covers 196 million of the 303 million U.S. residents and includes 72 of the top 100 media markets in the country. Aloha acquired the spectrum in earlier FCC auctions and from other auction winners. This portion of the 700MHz spectrum is not part of the&#160;FCC auction&#160;now in progress.The FCC, in an order issued Monday, approved the sale despite concerns expressed by the commission&#39;s two Democratic members. AT&amp;T announced in October that it intended to buy the spectrum for $2.5 billion. The company said then it planned to use the spectrum for broadcast video or for two-way communications such as voice, data or multicast content.The 700MHz spectrum band carries wireless signals three to four times farther than some higher spectrum bands, making it optimal for long-range broadband networks.Commissioner Jonathan Adelstein said he voted to approve the deal because of a lack of public opposition, but he had concerns about the FCC&#39;s review of the deal.The agency&#39;s review &quot;lacks both substance and analysis in its review of whether, on balance, the transaction serves the public&#39;s interest,&quot; Adelstein said in a statement. &quot;We are required to do more than simply conclude that a transaction benefits the public and will not have an adverse effect on competition. I would have preferred to see a more thorough assessment weighing the potential public interest harms and benefits of this transaction and its impact on the mobile telephony market.&quot;Commissioner Michael Copps voted against the deal. The deal could have a large impact on a mobile voice and data market &quot;that has seen round after round of consolidation in recent years,&quot; he said in a statement.Copps also raised concerns about the FCC&#39;s review of the deal. The review &quot;contains only an extremely abbreviated analysis of the competitive effects of this change in ownership,&quot; he said.AT&amp;T, in a statement, said it was pleased with the FCC&#39;s decision. The deal will help AT&amp;T meet growing customer demand for wireless services, the company said.
621333
WASHINGTON -- The Federal Communications Commission voted Tuesday to overturn a 32-year-old ban and allow broadcasters in the nation's 20 largest media markets to also own a newspaper.
411245
WASHINGTON, Oct 26  - Cingular Wireless Corp. announced Tuesday it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
504291
The Federal Communications Commission gave its approval Tuesday to Cingular Wireless LLC's &#36;41 billion acquisition of AT&amp;T Wireless Services Inc., completing the federal regulatory blessing necessary for creation of the country's largest cellphone company.
273139
News Corp. agreed to buy out John C. MaloneÂs stake in the company in exchange for a stake in DirecTV.
391979
The Senate approved legislation Wednesday designed to force some broadcast stations to give up their current analog channels by 2008.
564316
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. Clear Channel said in the lawsuit that Providence has dragged its feet in the $1.2 billion deal for the TV stations, [...].
540734
SAN ANTONIO -- Clear Channel Communications Inc., the country&#39;s largest owner of radio stations, Thursday said it will convert 20 to 25 stations to &quot;Hispanic formats&quot; over the next 12 to 18 months.
19816
The $23 billion buyout of radio and outdoor advertising giant Clear Channel Communications could get antitrust approval from the Department of Justice as early as Wednesday, according to The Deal.com. The proposed buyout by Bain Capital and Thomas H. Lee Partners, which was announced more than a year ago, has already received approval from the Federal [...].