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.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
SONG REVENUE:
A STYLISTIC STEW MC, divas and singer-songwriters rub elbows. (3/28a)
| ||
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!
|