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Mitt Romney’s Former Investment Fund to Buy Clear Channel

HeadlineJan 15, 2008

In media news, the Federal Communications Commission has approved a nearly $20 billion deal to sell Clear Channel Communications, the nation’s largest radio broadcaster, to a group of private investors. One of the investors buying Clear Channel is Bain Capital Partners, the Boston-based private-equity firm founded in 1984 by Republican presidential candidate Mitt Romney.

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