Saturday, August 11, 2007

I bet ClearChannel now wished they had taken the money

Clear Channel May Get Buyout Offers of $18 Billion (Update5)

It may not be available now. Back in Nov 2006 - ah those were the times! One could turn up one's nose at a mere USD18.7billion as too low a price. They may now become forced to take only a fraction of that. Severance Packages The executives have severance agreements that would pay them seven years of salary and bonus in case they leave after a takeover. They also each could receive options for 1 million shares at ``fair market value,'' full vested and exercisable for 10 years. Clear Channel's third-quarter profit rose 8.2 percent on increasing advertising sales at its radio stations. Profit from continuing operations climbed to $185.9 million, or 38 cents a share, from $171.8 million, or 32 cents, a year earlier. Sales increased to $1.79 billion from $1.68 billion.

Posted by lvmreader @ 03:33 AM (421 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>