This has ramifications for both the television and radio industries. Details here:
Clear Channel Sold for $26.7 Billion
May’s Family Finds Buyers for Clear Channel, TV Stations for Sale
Clear Channel Goes Private in $26.7 billion deal
List of TV Stations to be sold by Clear Channel (courtesy of Michigan Buzzboard)
List of radio stations to be sold by Clear Channel
Official Press Release from Clear Channel
Updated 11:05pm, 11-16-06