Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
WASHINGTON Federal regulators yesterday gave the green light to a private-equity deal that will take radio giant Clear Channel private and result in the sale of 42 stations.
While the FCC unanimously approved the $20 billion deal, the panel’s two Democrats expressed concerns that the agency wasn’t diligent enough in examining the pact.
Senior Democrat Michael Copps complained that the commission failed to examine the effect that private-equity purchases like the one being engineered by Bain Capital and Thomas H.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in