Deal to Sell Clear Channel for $19 Billion Is Approved
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The $19.5 billion sale of Clear Channel Communications to two private-equity firms cleared its final regulatory hurdle.
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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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Top bidders put up a total of more than $2.4 billion in the opening round of the Federal Communications Commissionâs auction of coveted U.S. government-owned airwaves.
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The Justice Department yesterday approved the $41 billion merger of Cingular Wireless LLC and AT&amp;T Wireless Services Inc., requiring the combined company to sell off some assets in 11 states in order to satisfy antitrust concerns.
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Federal communications regulators cleared the way for Verizon Communications to sell its phone lines in three New England states for $2.7 billion to FairPoint Communications.
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Clear Channel Communications Inc., the country's largest owner of radio stations, Thursday said it will convert 20 to 25 stations to "Hispanic formats" over the next 12 to 18 months.
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Alltel Corp. shareholders overwhelmingly approved a $24.7 billion buyout Wednesday that put the wireless company in the hands of two private investor groups.
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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, posted better-than-expected quarterly earnings on Friday as radio broadcasting revenue and outdoor advertising sales rose.
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A federal judge has not yet approved the deal announced this month under which 10 former WorldCom directors agreed to pay 20 percent of their combined net worth -- around $18 million -- to settle their part of the shareholder lawsuit.
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The decision clears the way for the media company to complete its plans to go private by year's end.
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Nextel Communications Inc. yesterday gave final approval to a deal that gives it control over valuable new airwaves, ending a years-long lobbying battle among interest groups over how to reduce cell phone interference with police and fire radio systems.
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The U.S. Federal Communications  Commission said on Tuesday it has conditionally approved  Cingular Wireless' $41 billion acquisition of AT&T Wireless  Services Inc. AWE.N, clearing the last big hurdle for the  deal.
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General Electric Co. , with businesses from lighting to jet engines, agreed to buy 147 properties across the United States from a fund run by the Trammell Crow family's investment firm for $2.2 billion.
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Communications regulators have cleared Google Inc  to bid in an upcoming auction of coveted wireless airwaves, according to auction documents released by the Federal Communications Commission on Monday.
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A federal judge in Chicago has found sufficient evidence to allow an antitrust suit against concert promoter Clear Channel Entertainment to proceed to trial.
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The owners of Discovery Communications, Advance/Newhouse and Discovery Holding, have agreed in principle to combine their stakes and turn the company, an operator of cable TV channels, into an independent, publicly traded company.
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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.