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The World: Washington - FCC in go-ahead for dollars 20bn Clear Channel deal.(Brief article)
Federal regulators have given the go-ahead to a private equity deal that will take the radio giant Clear Channel private, and result in the sale of 42 stations.
Although the Federal Communications Commission unanimously approved the dollars 20 billion deal, the panel's two Democrat members voiced concerns the body had not examined the plan carefully enough.
Michael Copps said: 'I have called for the commission to examine the potential impact of private equity on our ability to ...
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