Posted by iHeartVentureCapitalists on February 22, 2013 at 00:00:04:
In Reply to: Re: Re: Re: It's Official...Bye Bye local shows... posted by Hmmm on February 15, 2013 at 22:56:29:
Clear Channel Communications, Inc. is an American mass media company headquartered in San Antonio, Texas. Founded in 1972 by Lowry Mays and B. J. "Red" McCombs, the company was taken private by Bain Capital, LLC and Thomas H. Lee Partners in a leveraged buyout in 2008; as a result, the company now operates as a wholly owned subsidiary of CC Media Holdings, Inc.
So Bain has very much still to do with CC. It didn't flip it because it lost its ass in the deal and it's riding it out.
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