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The Mays family remained in effective control of all three, and held key executive roles in each (with Mark Mays as CEO of both radio and outdoor and Randall Mays as Chairman of Live Nation).

Over a hundred stations have already been assigned to Aloha Station Trust, LLC upon the consummation of the merger.

The television stations were ultimately sold to Newport Television.

Clear Channel went on a subsequent buying spree, purchasing more than 70 other media companies and individual stations.

In a few cases, following purchase of a competitor, Clear Channel was forced to divest some of its stations, as it was above the legal thresholds in some cities.

(formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. "Red" Mc Combs in 1972, and later taken private by Bain Capital, LLC and Thomas H. As a result of this buyout, Clear Channel Communications, Inc.

began to operate as a wholly owned subsidiary of CC Media Holdings, Inc. specializes in radio broadcasting through division i Heart Media (sans "Inc." suffix; formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) and subsidiary i Heart Media and Entertainment, Inc.The partnership will expand upon i Heart Media's existing EDM-oriented outlets (such as Evolution). Grattan named to the board of managers of i Heart Media Capital I, LLC, the direct parent of i Heart Communications, as well as the board of directors of i Heart Media, Inc., the indirect parent of i Heart Communications.i Heart Media staff, including John Sykes, believed that the deal (particularly the Beatport countdown show) would help provide a higher level of national exposure to current and up and coming EDM artists. Donnelly, left the board of i Heart Communications and will be replaced by Laura A. On November 30, 2017, it was reported that a group of creditors had rejected i Heart Media Inc.’s latest debt restructuring proposal, instead bringing out a deal where the company might file for chapter 11 bankruptcy.Lee Partners, agreed to pay .7 billion for the company.In a separate transaction also announced on November 16, 2006, Clear Channel said it would seek buyers for all of its television stations and 539 of its smaller radio stations, presumably because the private-equity buyers are not interested in owning television or small-market radio.Various media outlets, including Bloomberg News, Reuters, Radio Ink, and i Heart Media's hometown newspaper the San Antonio Express-News, claimed that either bankruptcy or a major restructuring was likely.

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