Thomas H. Lee Partners

SAN ANTONIO--(BUSINESS WIRE)-- CC Media Holdings, Inc. (OTCBB: CCMO) today reported results for its third quarter ended September 30, 2008. CC Media Holdings, Inc., the new parent company of Clear Channel Communications, Inc. was formed in May 2007 by private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. for the purpose of acquiring the business of Clear Channel Communications, Inc. The acquisition was completed on July 30, 2008, pursuant to the Agreement and Plan of Merger, dated November 16, 2006, as amended on April 18, 2007, May 17, 2007 and May 13, 2008. Prior to the consummation of its acquisition of Clear Channel on July 30, 2008, the Company had not conducted any activities, other than activities incident to its formation and in connection with the acquisition, and did not have any assets or liabilities, other than as related to the acquisition. Subsequent to the acquisition, Clear Channel became an indirect ...

Raymond James downgrades Avanex (Nasdaq: AVNXD) ...

Raymond James initiates coverage on RedHat ...

Foot Locker, Inc. (NYSE: FL) reports Q2 EPS of $0.11, 9 cents better than the analyst ...

Oppenheimer banking analyst Meredith Whitney has been at the top of her game, as her pessimistic views on the credit crisis have been dead on. Whitney's prescient calls have given her a national name and now the cover of Fortune magazine (see pic).

Whitney has proven that she is one bright lady, but does her recent celebrity status signal a bottom to the credit crisis?

Tops in markets are often marked by mainstream media picking up the euphoric feeling and putting it in writing. Like the dot com bubble and most recently the housing bubble, article after article were reported in the mainstream about the riches being made by regular folks flipping houses or riding the next hot dot com ...