On May 25, 9:53*am, dave wrote:
Booble wrote:
SIGNS OF TROUBLE FOR CLEAR CHANNEL
By JOSH KOSMAN and KAJA WHITEHOUSE

May 22, 2009 --
Clear Channel Communications' efforts to avert bankruptcy hit a patch
of static this week after two senior lenders opposed the company's
debt-swap proposal, sources told The Post.

Only nine months after private-equity firms THL Partners and Bain
Capital bought the radio and billboard giant in a $27 billion
leveraged buyout, the two firms this week reached out to Clear
Channel's largest senior lenders to propose a debt exchange and were
roundly rejected by at least two lenders, who sources said had little
interest in the proposal.

http://en.wikipedia.org/wiki/Bain_Capital

Hope John Hogan shows up on the unemployment line.