Clear Channel watchers look for Plan B

CLEAR CHANNEL WATCHERS LOOK FOR PLAN B
[SOURCE: Reuters, AUTHOR: Sue Zeidler]
Does Clear Channel Communications Inc. have a Plan B? That is the question analysts and industry watchers are wondering after the largest U.S. radio station operator this week delayed a shareholder vote on a $19-billion buyout offer from the founding Mays family and private equity firms Bain Capital and Thomas H. Lee Partners LP. Opposition to the deal has been mounting, with various analysts saying investors deserve more than the current offer of $37.60 a share, and the deal needs two-thirds of votes cast by shareholders to pass.
http://today.reuters.com/news/newsArticle.aspx?type=industryNews&storyID=2007-03-15T181241Z_01_N14381503_RTRIDST_0_INDUSTRY-CLEARCHANNEL-DC.XML

See also --

* Update: L.A.'s Mt. Wilson won't back down on Clear Channel anti-competitive charge
http://www.lasarletter.net/drupal/node/377