Clear Channel Communications, which will soon be the largest U.S. radio broadcaster, thanks to its recent purchase of AMFM, has agreed to purchase Robert F.X. Sillerman’s SFX Entertainment for $3.8 billion in stock and debt.
Clear Channel will pay six-tenths of a share, or $45.11 for each SFX Class A share. It will also swap one share for each SFX Class B share and will assume $1.1 billion in debt.
SONG REVENUE: CALM BEFORE THE STORM
J. Cole has his moment; Future-Metro have another big payday. (4/19a)
WARNER CHAPPELL ROPES IN RED CLAY STRAYS
Another big get for Guy and Carianne (4/19a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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