Bid accepted

Implications: 1) Clear Channel was reported as accepting a $18.7 Billion Takeover Bid

2) More than likely, the sum of the parts of Clear Channel will be worth more than the whole

Analysis: Thomas H. Lee Partners and Bain Capital won the bidding for the nation’s largest network of radio stations over KKR's attempt. The Clear Channel's board has unanimously approved the proposed transaction and is recommending that shareholders vote in favor of it.

The parts of Clear Channel more than likely will be realigned to companies that can provide more value with the content. A large percentage of talk-radio was lost by Clear Channel and scooped up by Satellite Radio. The outdoor business channel could inherit a tremendous benefit if expanded to digital, then sold to a large player.