International Business News - CCU http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Clear Channel Communications Inc. withdrew a lawsuit that accused publisher Tribune Co. of stealing trade secrets, the radio broadcaster confirmed late Wednesday. http://www.ibtimes.com/articles/20080724/clear-channel-drops-lawsuit-against-tribune.htm Thu, 24 Jul 2008 10:00:57 EDT The deal to take Clear Channel Communications Inc. private, announced 20 months ago, has been the subject of a lot of static from rankled shareholders, company officials and lenders. http://www.ibtimes.com/data/articleimgs/95601-clear-channel-headquarters.jpg http://www.ibtimes.com/articles/20080722/shareholders-consider-clear-channel-buyout-again.htm http://www.ibtimes.com/articles/20080722/shareholders-consider-clear-channel-buyout-again.htm Tue, 22 Jul 2008 08:17:51 EDT Two of the largest radio station operators have agreed to a syndication deal for conservative talk show host Sean Hannity. In a joint statement Monday, Citadel Broadcasting Corp. and Clear Channel Radio said they will syndicate Hannity's program starting Dec. 28. Clear Channel's Premier will handle all advertising sales for the show. http://www.ibtimes.com/articles/20080721/citadel-clear-channel-to-co-syndicate-hannity.htm Mon, 21 Jul 2008 10:39:55 EDT Carl Icahn moved ahead with his attempt to overthrow Yahoo Inc.'s board of directors by submitting his final list of candidates Monday. The nominees remain the same as those he first provided in May, except the list has been whittled from 10 to nine candidates to reflect Yahoo's decision to reduce the size of its board. Here's a look at the incumbents and the Icahn-led opposition: http://www.ibtimes.com/articles/20080714/yahoos-current-board-versus-icahns-challengers.htm Mon, 14 Jul 2008 17:35:46 EDT The former owner of KGFO radio in Fargo has been fined for broadcasting a voicemail message left by former state workers comp director Sandy Blunt. The Federal Communications Commission fined Capstar $12,000 for airing the recording from Blunt to talk show host Joel Heitkamp. Blunt said the comments were cut down and aired several times without his permission. http://www.ibtimes.com/articles/20080709/fcc-issues-fine-for-fargo-radio-station-kfgo.htm Wed, 09 Jul 2008 15:18:54 EDT The Outdoor Advertising Association of America spent more than $257,000 in the first quarter lobbying on a highway bill and other issues, according to a disclosure report. http://www.ibtimes.com/articles/20080708/outdoor-ad-group-spent-over-257k-lobbying-in-1q.htm Tue, 08 Jul 2008 12:16:12 EDT Sirius Satellite Radio Inc.'s acquisition of rival XM Satellite Radio Holdings Inc. may be cleared by federal regulators this month, and it can't happen fast enough for XM. http://www.ibtimes.com/articles/20080706/long-wait-for-satellite-radio-deal-may-end-soon.htm Sun, 06 Jul 2008 14:20:49 EDT Satellite broadcaster XM Satellite Radio Inc. spent $214,530 in the first quarter lobbying in favor of its multibillion-dollar acquisition by Sirius Satellite Radio Inc., according to a recent disclosure report. http://www.ibtimes.com/articles/20080630/xm-satellite-radio-spent-214-530-lobbying-in-1q.htm Mon, 30 Jun 2008 14:58:30 EDT Standard & Poor's CapitalIQ tracks deal spreads, or the difference between the offer price and the deal's current value. CapitalIQ reports the following leveraged buyouts had the smallest spreads, as of June 4. http://www.ibtimes.com/articles/20080626/capitaliq-lbos-with-the-smallest-deal-spreads.htm Thu, 26 Jun 2008 14:34:03 EDT AOL is revamping its popular online radio service Tuesday, adding streams from all 140 CBS Corp.-owned radio stations and upgrading its player to add more functions and expand the service's reach. http://www.ibtimes.com/data/articleimgs/67868-an-aol-radio-screen.jpg http://www.ibtimes.com/articles/20080610/aol-revamps-online-radio-cbs-stations.htm http://www.ibtimes.com/articles/20080610/aol-revamps-online-radio-cbs-stations.htm Tue, 10 Jun 2008 00:04:13 EDT Clear Channel Communications Inc. said Wednesday that full funding for its $17.9 billion sale to two private equity firms is now in place in an escrow account. http://www.ibtimes.com/articles/20080528/clear-channel-says-17-9b-buyout-now-fully-funded.htm Wed, 28 May 2008 20:46:15 EDT Clear Channel Communications Inc. spent more than $760,000 in the first quarter lobbying against the combination of two satellite radio companies and on other issues, according to a disclosure form. http://www.ibtimes.com/articles/20080523/clear-channel-spent-more-than-760-000-lobbying.htm Fri, 23 May 2008 16:57:56 EDT 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. http://www.ibtimes.com/articles/20080523/clear-channel-clears-buyout-hurdle.htm Fri, 23 May 2008 16:42:25 EDT Clear Channel Communications Inc. said it will receive full funding for the debt financing needed for its $17.9 billion acquisition, clearing one hurdle in the transaction's path. http://www.ibtimes.com/articles/20080523/clear-channel-reaches-agreement-with-its-lenders.htm Fri, 23 May 2008 07:00:59 EDT Shares in Bell Canada tumbled Thursday after a court ruled that its $35 billion sale to the Ontario Teachers Pension fund and others was unfair to bondholders. http://www.ibtimes.com/articles/20080522/teachers-remain-committed-to-bce-takeover-despite-ruling.htm Thu, 22 May 2008 16:42:28 EDT The purchase of BCE Inc., the parent of telecommunications holding company Bell Canada by a group led by one of Canada's largest pension funds hit a snag Wednesday when an appeals court sided with BCE bondholders who want to stop the $35.1 billion takeover. http://www.ibtimes.com/articles/20080521/teachers-remain-committed-to-bce-takeover-despite-ruling.htm Wed, 21 May 2008 22:34:57 EDT Shares of BCE Inc., the parent of Bell Canada, declined Monday following reports that its proposed $52 billion takeover by an investor group led by the Ontario Teachers' Pension Plan was in trouble. http://www.ibtimes.com/articles/20080519/bce-shares-fall-on-report-saying-buyout-in-trouble.htm Mon, 19 May 2008 13:10:37 EDT Clear Channel Communications Inc. says it has resolved a legal dispute with its lenders, clearing the way for the leading radio broadcaster to go private. http://www.ibtimes.com/articles/20080513/clear-channel-lenders-resolve-dispute-over-buyout.htm Tue, 13 May 2008 23:19:06 EDT Clear Channel Communications Inc. and its prospective buyers are talking with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5 billion takeover, the radio and outdoor advertising company said Monday. http://www.ibtimes.com/articles/20080512/clear-channel-banks-buyers-in-settlement-talks.htm Mon, 12 May 2008 17:13:50 EDT Shares of Clear Channel Communications Inc. are surging on media reports that a revised deal has been reached to finance the radio and media company's buyout by Thomas H. Lee Partners and Bain Capital. http://www.ibtimes.com/articles/20080512/clear-channel-surges-on-possible-buyout-financing.htm Mon, 12 May 2008 12:53:31 EDT