San Antonio - Clear Channel Radio (NYSE: CCU) said on Monday that it has signed a deal with Reciva, a provider of Internet radio modules for use with broadband applications, to stream all of its stations on Reciva-powered receivers. U.S.-based companies that manufacture Reciva-based Internet radios include C. Crane, CTA Digital, DMTech, Grace Digital Audio, Sangean and Tangent

San Antonio, Texas - Radio broadcaster Clear Channel (NYSE: CCU) has announced its sale to private equity firms Bain Capital Partners and Thomas H. Lee Partners, for $17.9 billion or $36 per share -- ending litigation between Clear Channel, the private equity firms and a consortium of banks funding the deal. The original value of the deal was $39.20 per share in October 2007, but the banks involved later got cold feet in light of the current credit climate, and the private equity firms sued to enforce the agreement.

Denver - Radio broadcaster Clear Channel (NYSE: CCU) is looking to add a personalized Web radio player to its station websites, and is in talks with Pandora, but no deal has yet been finalized, Billboard reports.

Boston - A Texas judge has ordered several banks to follow through with funding the $19.5 billion acquisition of radio network giant Clear Channel Communications (NYSE: CCU) by Bain Capital and Thomas H. Lee Partners, the Associated Press reported. The two private equity firms filed lawsuits on Wednesday against the group of banks, claiming that they were reneging on their agreements to provide long-term financing for the deal.

DMW’s CEO & Publisher provides a wrap-up of the top stories of the week. Who’s hot, who’s not and what’s the industry buzz?

The week started with a bang on news that Yahoo Inc’s (NSDQ: YHOO) board rejected Microsoft Corp.’s (NSDQ: MSFT) unsolicited $44.6 billion offer for the company.

Washington - The U.S. Justice Dept. has approved the buyout of radio giant Clear Channel Communications (NYSE: CCU) by private equity firms Bain Capital and Thomas H. Lee Partners, provided the company divest radio stations in Cincinnati, Houston, Las Vegas and San Francisco.

Providence, R.I. - Ando Media, a provider of Internet radio audience measurement services, announced on Wednesday that Clear Channel Radio's (NYSE: CCU) online unit will use its Webcast Metrics service for all of its streaming radio sites. Clear Channel stations will be able to measure in real-time their online audiences to plan promotions and advertising campaigns run in their online streams; Ando will also provide real-time listener statistics for Clear Channel's social networking sites.

Washington - The Federal Communications Commission (FCC) will approve a $19.5 billion deal that will see Clear Channel Communications (NYSE: CCU), the nation's largest radio broadcaster, become a privately-held company, the Associated Press reported. Clear Channel shareholders have already approved the deal, under which a group led by private equity firms Thomas H. Lee Partners and Bain Capital Partners will offer $39.20 a share, a premium of about 10% on the company's current share price.

Columbia, Md. - iBiquity Digital, the developer of HD Radio technology, announced that HD Radio receivers are now available for purchase directly from the websites of individual Clear Channel Radio stations.

Columbia, Md. - IBiquity Digital, the developer of HD Radio technology that lets broadcasters transmit a digital, multicast signal alongside their analog signals, on Tuesday announced that major broadcast groups CBS Radio, Clear Channel, Cumulus, Cox, Entercom and Greater Media are installing iTunes Tagging technology that lets HD Radio owners flag songs they hear on the air for later purchase at the online store. Consumer electronics firms JBL and Polk Audio are set to release the first HD Radio receivers that support iTunes Tagging during the holiday shopping season.

Columbia, Md. - iBiquity Digital, developer of HD Radio technology that lets broadcasters transmit a digital signal alongside their analog signals, this week announced a new feature for HD Radio receivers, iTunes Tagging, that lets listeners tag songs they hear on FM radio for later purchase from the iTunes Store. The company said that several major broadcasters, including Clear Channel, will implement iTunes Tagging initially across hundreds of stations. The first devices to support the feature, the Polk I-Sonic Entertainment System 2 and JBL iHD, are slated to ship in the fall. iBiquity said additional car and home receivers that support tagging will follow in early 2008.

Los Angeles - Radio giant Clear Channel has dropped a waiver it had been asking independent and unsigned artists to sign to make them eligible for online airplay, which many had construed to mean that such artists would forego any royalties for this airplay.

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Microsoft Corp. today announced that Katherine Styponias will join the Media & Entertainment Group as general manager, where she will lead the business development team working with major content suppliers. Styponias joins Microsoft from Prudential Equity Group LLC, where she served as senior vice president and the senior cable, entertainment and satellite equity analyst.

Los Angeles - Norman Lear, a political activist and creator of TV shows including "All in the Family" and "Good Times," is producing a series of voter awareness short films that will be distributed on popular video sites like YouTube and MySpace, Variety reported. Lear has recruited writers including Ben Garant and Thomas Lennon ("Reno 911!"), and is in talks with Doug Ellin ("Entourage") and Shonda Rhimes ("Grey's Anatomy"), to create shorts for the series. The spots will also be broadcast on-air before the election, through partners Comedy Central and Clear Channel.

San Antonio, Texas - Radio giant Clear Channel announced on Monday a new service that will allow its local stations to interact with listeners via mobile phones. The free service, initially available for New York's WHTZ, WAXQ, WKTU, WWPR and WLTW, will allow users to send text messages to the studio, participate in contests, make requests, receive song alerts, and view the last ten songs played. Clear Channel said it plans to add downloads of station logos, wallpapers and ringtones later this summer, and expand the service to up to 100 of its stations by the end of 2008.

New York - Clear Channel, the nation's largest owner of radio stations, on Monday introduced localized social networking sites for seven of its radio stations' websites, with plans to debut an additional five this summer.

Mountain View, Calif. - Google announced on Monday a multi-year agreement with Clear Channel Radio that will see the broadcasting giant provide Google the rights to sell a guaranteed portion of 30-second ad inventory across 675 of its stations.

San Antonio, Texas - Radio giant Clear Channel will provide audience data from its Online Music & Radio unit to BigChampagne, which tracks broadcast and streaming radio and downloads on peer-to-peer network, Billboard reported. Clear Channel will provide BigChampagne with streaming, download and broadcast Internet programming data. Beverly Hills, Calif.-based BigChampagne also provides online music charts for Billboard's Radio Monitor.