PDA

View Full Version : Mitt Romney's VC Firm to Buy Clear Channel




banjojambo9
12-21-2007, 04:20 PM
What would it cost to buy the support of just about every nationally syndicated neocon talk show host in America? About $19.5 billion, which is what Mitt Romney's private equity firm, Bain Capital, and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications, the largest radio station owner in the country. This is part of a negotiation that has been pending for over a year. Mitt Romney remains a silent partner of Bain Capital.