Four in Running for Clear Channel TV

FOUR IN RUNNING FOR CLEAR CHANNEL TV
[SOURCE: tvnewsday, AUTHOR: Harry A. Jessell]
With the bidding past the $1 billion mark, four companies are vying for Clear Channel Television, the division of Clear Channel Communications that operates 42 TV stations in 24 small- and mid-sized markets, and a winner could be named with the next two weeks. The four bidders include Nexstar Broadcasting Group, a publicly traded broadcast group headed by Perry Sook, along with three entities backed by private equity firms that have been active in the station trading marketplace over the past year -- Kelso, Oak Hill Capitol Partners and Providence Equity. The next round of bids is due next Wednesday, and parent Clear Channel Communications is expected to pick a winner within a week of those bids.
http://www.tvnewsday.com/articles/2007/04/13/daily.6/

* Suitors Raise Bid for Clear Channel
The two private equity firms seeking to buy Clear Channel Communications have sweetened their offer, fearing that their initial bid may be rejected by shareholders.
http://www.nytimes.com/2007/04/16/business/media/16deal.html