Clear Channel Communications Confirms Settlement Talks.SAN ANTONIO -- Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. , Inc. confirmed today that the court proceeding pending in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. initiated by it and CC Media Holdings, Inc. against the banks issuing debt commitments in connection with the proposed acquisition of Clear Channel by CC Media Holdings, Inc. is postponed until 9 a.m. Central Time on Tuesday, May 13, 2008. The postponement is to allow the parties to continue settlement discussions that were recently initiated. No settlement has been reached by the parties and there can be no assurance that any settlement will be reached. Clear Channel will not comment on any potential settlement terms or the likelihood that a settlement agreement will be reached. About Clear Channel Communications Clear Channel Communications, Inc. (NYSE NYSE See: New York Stock Exchange :CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ) is a global media and entertainment company specializing in mobile and on-demand entertainment and information services See Information Systems. for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, the company's businesses include radio and outdoor displays. More information is available at www.clearchannel.com. |
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