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Reports: Clear Channel Deal in Jeopardy



By MICHELLE ROBERTS, AP
26 March 2008 @ 07:30 am EST

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The deal was struck during the years of easy credit that preceded the current crunch that is pressuring the U.S. market. The Clear Channel buyout remains the largest pending buyout in the U.S., according to Dealogic PLC.

In addition to its radio holdings, Clear Channel is a major billboard company with roughly 1 million signs worldwide.

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