RUMOR MILL
Back to Rumor Mill >
"...the opportunity to call Network 40 my own."
—-- Lowry Mays
Monday, March 6, 2000

Clear Channel Swallows Sillerman For $4.4 Billion

Lowry Mays buying spree continues.

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.

 
BACK TO RUMOR MILL
 
FIREAID SETS SUPERSTAR LINEUP, EXPANDS TO FORUM
Everybody who's anybody will be performing. (1/16a)
Check It Out Now
SPOTIFY CANCELS GRAMMY-WEEK EVENTS, DONATES TO FIREAID, MUSICARES, MORE
Yet another shoe drops. (1/16a)
Check It Out Now
PERSHING SQUARE PUSHES TO SET UP U.S. LISTING FOR UMG
Ackman won't take no for an answer. (1/16a)
Check It Out Now
ACADEMY TELESCOPES GRAMMY WEEK EVENTS
The show must go on, with modifications. (1/15a)
Check It Out Now
I LOVE L.A.
Simon Glickman on his adopted hometown (1/16a)
Check It Out Now
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions