Lowry Mays

Bain Capital and Thomas H. Lee Partners Complete $26.7 Billion Clear Channel Leveraged Buyout - Creating Debt Crisis

2008-07-24 00:00:00 +0000 UTC | Importance: 9/10

On July 24, 2008, Bain Capital and Thomas H. Lee Partners completed a historic $26.7 billion leveraged buyout of Clear Channel Communications, the nation’s largest radio broadcaster with over 1,200 stations. The transaction, led by Bain Capital (founded by Mitt Romney in 1984), loaded the …

Bain Capital Thomas H. Lee Partners Clear Channel Communications iHeartMedia Mitt Romney +1 more media-consolidation private-equity leveraged-buyout regulatory-capture debt-loading +3 more

Clear Channel Radio Empire Reaches 1,240 Stations After AMFM Acquisition - Conservative Talk Radio Infrastructure Dominates American Airwaves

2000-08-30 00:00:00 +0000 UTC | Importance: 9/10

By August 30, 2000, Clear Channel Communications completed its acquisition of AMFM Inc., creating a radio empire of 1,240 stations nationwide—representing a 30-fold increase from the 40 stations Clear Channel owned before the 1996 Telecommunications Act eliminated ownership caps. This unprecedented …

Clear Channel Communications Rush Limbaugh AMFM Inc. Lowry Mays Republican Party media-consolidation radio-monopoly conservative-media talk-radio propaganda +3 more

Clear Channel Begins Unprecedented Radio Consolidation Under Telecommunications Act

1996-06-30 00:00:00 +0000 UTC | Importance: 8/10

Clear Channel Communications begins an unprecedented consolidation spree following the February 1996 Telecommunications Act, acquiring $581 million worth of radio and television stations within just four months of the act’s passage. Before the Telecommunications Act eliminated ownership caps, …

Clear Channel Communications Lowry Mays FCC Federal Communications Commission Local Radio Stations telecommunications media-consolidation radio clear-channel deregulation +2 more