In the San Antonio Express David Hendricks wrote an article saying that Clear Channel will have trouble making its payments and may have to go into bankruptcy...In his article titled
"Is the bell tolling for Clear Channel?" He wrote...
"The signal from Clear Channel Communication Inc.'s radio empire may be fading out. When holding company CC Media Holdings Inc. announced early this month it wanted to reposition debt between its radio and billboard units, lenders for last year's massive private equity acquisition of Clear Channel signaled their intention to block the move.
The lenders evidently want to steer the company into bankruptcy so they can pick up the assets cheap and sell them"...
David's complete story is here..