Clear Channel Trial Begins Tuesday

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– May 13, 2008Posted in: Radio News

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The trial in New York state court in a dispute over funding the buyout of Clear Channel Communications Inc. (CCU) will begin at 2 p.m. EDT Tuesday, a court official said.

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The start of the trial had been delayed Monday as a group of banks and buyout firms Bain Capital LLC and Thomas H. Lee Partners had been in settlement discussions. It was unclear Tuesday morning if those talks had been shelved. Read the whole story here

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