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Mergers & Acquisitions

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Deal Overview

Buyer:
Clear Channel Communications, Inc.
Actual Acquirer:
Clear Channel Broadcasting Licenses, Inc.
Target:
Two radio stations
Deal Type:
Media & Entertainment
Agreement Date:
3/31/2001
Announcement Date:
3/31/2001
Announced Deal Value ($ M):
1.60
Status:
Completed
Completion Date:
6/29/2001

Consideration Breakout
Cash ($M) 1.6

Deal Pricing Ratios

Announcement Completion
Cash Flow Multiple (x) 16.2 16.2
Deal Terms
Description of Consideration

Clear Channel Communications Inc. paid $1.6 million in cash to acquire two radio stations from Entravision Communications Corp.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Jorgenson Broadcast Brokerage
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Wiley Rein LLP
Seller Yes Thompson Hine LLP