allaccess.com wrote:CLEAR CHANNEL COMMUNICATIONS has begun reaching out to lenders about restructuring the company's massive debt load just nine months after the company was acquired in a $27 billion leveraged buyout, sources tell THE NEW YORK POST, which writes:
"As part of those discussions, one topic being debated is a pre-packaged bankruptcy, one source said. A second person familiar with the matter stressed the talks are at an early stage.
...baby needs a bailout.