From The New York Times: "The Mays Family, which built Clear Channel Communications into the country’s largest network of radio stations through decades of acquisitions, is in negotiations to be taken private by a consortium of investors for more than $18.5 billion, people involved in the talks said yesterday....As Clear Channel has grown, it has come under attack for homogenizing radio entertainment by standardizing playlists, playing too many commercials and not running enough local news. This in part spurred the growth of satellite-based subscription services like XM Radio."
More Recent Stories on Clear Channel From the News Archives:
* Clear Channel Radio Creates 75 New Radio Channels - Then Gives Them Away
* Clear Channel Radio Now Offering HD Programming on Over 200 Stations
* Clear Channel Rolls Out "Videos on Demand" at 16 Radio Station Websites
What Happened On This Day in Radio History: October 26
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