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9 March 2007 By Robert Cyran Follow @rob_cyran

The media group s camp has recently complained about shortterm investors moving into its Outdoor subsidiary for a quick pop. Now, it is considering delaying the record vote on its contentious $19bn MBO in hopes that hot money can bail out the buyout.

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Clear Channel is reportedly considering pushing back the January 22 record date for voting on its leveraged buyout. Under Texas law, there must be ten days between the record date and the voting date. The vote is scheduled for March 21.

Bain and Thomas H. Lee, along with the founding Mays family have offered to buy the media company for $37.60 a share. The total value of the bid, including debt, is about $26bn.

Twothirds of shareholders must approve the deal for it to go through. Abstentions are counted as votes against. Fidelity Investments, Clear Channel's largest shareholder at the end of 2006, will reportedly vote against the deal.

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