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Clear Channel Outdoor US share offer raises insider trading fears

Clear Channel Outdoor US share offer raises insider trading fears

By Staff on March 15, 2012

Out of home giant Clear Channel; Outdoor is the subject of unwanted attention on Wall Street as suspicions mount about higher than usual levels of trading in its stock as it prepared a private offering of $1.25bn in so-called ‘senior notes’ carrying a special dividend of about $3.50 a share. This was on February 27. [...]

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Rupert Murdoch sells cut-price MySpace, gets green light to bid for BSkyB

Rupert Murdoch sells cut-price MySpace, gets green light to bid for BSkyB

By Stephen Foster on June 30, 2011

Ruperr Murdoch’s 81st year could be more significant than any of the others in the media industry veteran’s long and contentious career as boss of News Corporation. Today he’s agreed to sell his social media site MySpace (acquired for $580m back in 2005) to US company Specific Media for just $35m. As recently as 2007 [...]

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