Walt Mossberg – Apps Raise the iPad’s Aptitude for Real Work
A hedge fund is accusing a subsidiary of Clear Channel Communications Inc. of improperly moving $656 million to its debt-laden parent, which is owned by private-equity giants Bain Capital Partners and Thomas H. Lee Capital Partners.
The cash transfers, which were fully disclosed, were made from billboard company Clear Channel Outdoor Holdings Inc. The company is 89 percent owned by Clear Channel Communications, with the rest owned by public shareholders.
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