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CC must sell Cincinnati

T

tcsnrayp

Guest
The Justice Department says Clear Channel must sell radio stations in San Francisco, Houston, Las Vegas and Cincinnati to complete its $19.5 billion go-private buyout with Bain Capital and Thomas H. Lee Partners. The DOJ's Antitrust Division says without a sale, the deal would result in higher prices for advertisers. Clear Channel CEO Mark Mays says he is pleased they won approval, and says the merger continues on track for a first-quarter close.
 
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