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Boston Firms Fund Clear Channel Deal

Clear Channel Communications has agreed to a buyout offer from two Boston-based private equity firms. Bain Capital Partners and Thomas H. Lee Partners will pay almost $19 billion for the country's largest radio network. They'll also assume another $8 billion dollars in debt.

WBUR's Business and Technology Curt Nickisch explains how these Boston companies can afford one of the country's biggest-ever buyouts of a public company.

This program aired on November 17, 2006. The audio for this program is not available.

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