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Shareholder Lawsuit Filed Against Clear Channel Merger SAN ANTONIO November 17: On Thursday a shareholder of Clear Channel Communications filed suit against the company, claiming it violated its "fiduciary duties" by agreeing to a $26.7 billion buyout offer.
Kevin Martin Approved For New Term As FCC Chairman WASHINGTONNovember 17: The United States Senate today approved FCC Chairman Kevin Martin for a second term in the agency's top post.
Arbitron Updates Portable People Meter Rollout Schedule for 2007 COLUMBIA, MD November 17: Arbitron has released an updated rollout schedule for its Portable People Meter measurement system that moves up the date of launch for certain markets that are "embedded" within larger markets.
Clear Channel Station Divestiture Signals "Shift In Strategic Thinking" CHANTILLY, VANovember 17: BIA Financial Network Vice President Mark R. Fratrik says Clear Channel's plan to sell off 448 radio stations may indicate what might be the optimum level of stations that any one company can effectively manage.
Perfect Timing: Radio Ink Forecast 07 PALM BEACHNovember 17: Clear Channel's decision to go private sent shockwaves throughout the radio industry. What will the fallout be? Hear reaction from top industry experts on December 5 at Radio Ink's Forecast 07.
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CC Readies Massive Station Divestiture; Internal Email Specifies Which Markets CHANTILLY, VANovember 17: BIA Financial Network Vice President Mark R. Fratrik says Clear Channel's plan to sell off 448 radio stations may indicate what might be the optimum level of stations that any one company can effectively manage.
Peak To Purchase Seven CBS Radio Stations In Fresno NEW YORKNovember 17: In their latest effort to sell off non-core stations, CBS Radio has agreed to sell seven Fresno stations to Peak Broadcasting for $90 million in cash.
Biggest Radio Story Of The Decade?: CC Goes Private SAN ANTONIONovember 17: The news of Clear Channel's $26.7 billion deal to go private shook the radio industry on Thursday. Now that the shock is wearing off, what are the next steps for the company?
Are Clear Channel Investors Eyeing Outdoor, Or Radio? NEW YORKNovember 17: At least two Wall St. analysts suggest that the private equity investors who are spending $26.7 billion to acquire Clear Channel may be as interested in the company's outdoor advertising assets as its radio division.
Ginsburg New PD At WBOS Boston BOSTONNovember 17: Greater Media has announced that David Ginsburg has been promoted to program director of WBOS-FM Boston. His new position is in effect immediately.
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Forecast 2007: 12/4/2006
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