We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

A baleful tune

18 April 2007 By Lauren Silva

The Bain/Lee buyout group raised its offer for the radio company to $27bn, or $39 a share. It still doesn t pass the valuation smell test. But given the business risks Clear Channel would need to assume to enhance value on its own, investors would be smart to snatch the cash.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)