Clear Channel Outdoor (iHeartMedia)
PE-OwnedBain Capital and THL Partners took Clear Channel Communications private for $26.7B in 2008 — one of the largest LBOs before the financial crisis. The company (renamed iHeartMedia) filed for bankruptcy in 2018 with $20B in debt.
0
locations tracked
Ownership Information
Clear Channel Outdoor (iHeartMedia) is owned by Bain Capital. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1972
Clear Channel Outdoor (iHeartMedia) founded
2008
Acquired by Bain Capital for $26.7B
Community Reviews
Share your experience →Tracked Locations
Location data coming soon.