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PRINT THIS PAGE Clear Channel to sell television station group to Providence23/04/2007. Source: AltAssets. 
 Clear Channel Communications has agreed to sell its Television Group to Providence Equity Partners for approximately $1.2bn. The sale includes 56 television stations located in 24 markets across the US.
Also included in the sale are the stations' associated websites, the Television Operations Center, and Inergize Digital Media, which manages the Television Group's online and wireless initiatives.
Al Dobron, a managing director of Providence, said, 'This is a rare opportunity to acquire a premier collection of broadcast television stations with strong positions in many attractive markets across the United States.'
Providence specialises in equity investments in media, entertainment, communications and information companies around the world.
Copyright © 2007 AltAssets
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