VISA Signature Takes Exclusive Launch Sponsorship, Including “Presented By” Naming Rights and Mobile Takeover
Clear Channel today launched a new digital radio station dedicated to live music drawing from the company’s cache of exclusive live artist performances and interviews. Available 24/7, stripped radio is presented by Visa Signature, the exclusive launch sponsor for the channel. [...]

All Debt Financing Now Secured in Escrow Account; Equity Financing Expected Next Week
Clear Channel Communications, Inc. (NYSE: CCU) today announced that the bank syndicate providing the debt financing with respect to the acquisition of Clear Channel, pursuant to the amended merger agreement with entities sponsored by Bain Capital Partners, LLC and Thomas H. Lee [...]

Clear Channel Communications, Inc. confirmed today that the court proceeding pending in San Antonio, Texas initiated by it and CC Media Holdings, Inc. against the banks issuing debt commitments in connection with the proposed acquisition of Clear Channel by CC Media Holdings, Inc. is postponed until 9 a.m. Central Time on Tuesday, May 13, 2008. [...]

In connection with Clear Channel Communications, Inc.’s (”Clear Channel”) previously announced tender offer for its outstanding 7.65% Senior Notes due 2010 (CUSIP No. 184502AK8) (the “CCU Notes”) and Clear Channel’s subsidiary AMFM Operating Inc.’s (”AMFM”) previously announced tender offer for its outstanding 8% Senior Notes due 2008 (CUSIP No. 158916AL0) (the “AMFM Notes” and, collectively [...]