Private equity groups could bid for Clear Channel

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Published at: www.latimes.com

Melissa MitchellPresidentMGME Technology Services

Let the Bidding Begin

December 8, 2006

Clear Channel annoys its shareholders

Clear channel does not let shareholders know what's going on until the very last minute

New owners may help shareholder value by getting rid of stagnant employees, but may hurt the public by changing radio stations for profitability

But what does the future hold?

December 5, 2006

Analysis by: GLG Expert Contributor

1) Clear Channel was reported as accepting a $18.7 Billion Takeover Bid
2)the sum of the parts of Clear Channel will be worth more than the whole

Clear Channel radio acquisition

December 4, 2006

Analysis by: GLG Expert Contributor

I would not touch buying standard radio stations with everything going on in outer space.  I think they will be dinosaurs within the next 10 years.  If someone is going buy anything from Clear Channel it needs to be their outdoor advertising division which is dominant and in the top 50 markets.  Outdoor advertising is becoming more and more regulated prohibiting any new construction so their current inventory will prove to be some of the best assets on the planet.

Brad SaulPresidentPrime Access

Clear Channel Purchase

December 1, 2006

The privatization of Clear Channel will not set off a wave of similar transactions in the industry. It will, however, force the industry to reinvent itself and find ways to better compete with the public relations blitz of satellite radio and the looming threat of internet radio.

Joshua PollackChief Executive OfficerNXTCOM CORP

KKR gets it done

December 1, 2006

KKR and their partners know the value of a unique basket assets like this.  Accordingly, they quickly moved to get control of this tremendous opportunity, which includes significant market share.  They will now be able to sell off the pieces to groups of smallers operators who desperately want these stations at a premium.            

Alan AlbarranProfessor and DirectorUNIVERSITY OF NORTH TEXAS

Radio still generates good profit margins, but Wall Street not excited

December 1, 2006

The fact that private equity groups are jumping on to media companies like Clear Channel signals these industries are still capable of producing profits.

Private equity firms don't have to deal with Wall Street failing to recognize the value of traditional media.

Do the equity groups know what they are buying?

December 1, 2006

Analysis by: GLG Expert Contributor

Radio revenues are in decline. Radio needs to reinvent itself before it becomes the next "newpaper" with no reason for being. The equity groups need to bring broadcasters into the mix if this deal with work.    

CCU takeover. Is this good economics?

November 30, 2006

Analysis by: GLG Expert Contributor

1)Clear Channel has now accepted the $ 26 Billion Takeover Bid by Bain Capital partners and Thomas Lee partners.

2)Not sure if this is really good for long-term investors. In the short-term, it definitely has been.

There is a small likelihood that this will lead to a decline in the business due to limited options for consumers.

Media at a crossroads

November 30, 2006

Analysis by: GLG Expert Contributor

-Magazines, newspapers, radio, and television are all being reshaped

-Clear Channel's expertise in broadcast media could be revamped to meet Google-era demands and opportunities

-Alternatively, the challenge of user-generated content, customized music playlists, and targeted advertising may represent too much of a culture change for Clear Channel

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

Bid accepted

November 20, 2006

1) Clear Channel was reported as accepting a $18.7 Billion Takeover Bid

2) More than likely, the sum of the parts of Clear Channel will be worth more than the whole