Clear Channel Communications
Clear Channel Communications, Inc. is an American mass media company headquartered in San Antonio, Texas. Founded in 1972 by Lowry Mays and B. J. "Red" McCombs, the company was taken private by Bain Capital, LLC and Thomas H. Lee Partners in a leveraged buyout in 2008. As a result, the company now operates as a wholly owned subsidiary of CC Media Holdings, Inc.Clear Channel specializes in radio broadcasting through division Clear Channel Media and Entertainment (formerly Clear Channel Radio) and subsidiary Clear Channel Broadcasting, Inc.; the company also specializes in outdoor advertising through subsidiary Clear Channel Outdoor Holdings, Inc.