WSGR Represents Clear Channel in Separation from iHeartMedia
On May 1, 2019, Clear Channel Outdoor Holdings, the international advertising company, and iHeartMedia, the broadcasting company, announced that, in connection with iHeart's emergence from its Chapter 11 restructuring, Clear Channel has separated from iHeart and will continue operations as a standalone public company. iHeart previously held an approximately 89% stake in Clear Channel. Wilson Sonsini Goodrich & Rosati advised Clear Channel on the separation and other matters relating to iHeart's restructuring. WSGR also has represented Clear Channel in related litigation matters in the Delaware Court of Chancery and Delaware Supreme Court.
The WSGR team advising Clear Channel includes the following:
Corporate and M&A:
Delaware Law and Governance:
William B. Chandler III
Employee Benefits & Compensation:
For further details, please see Clear Channel's press release.