CCC Still Almost Sold

After more than a year of fits and starts, Clear Channel Communications is on the cusp of being sold to private equity groups Thomas H. Lee Partners and Bain Capital.

But with the recent stock market slide, and the putative buyers going dark while the sale slouches to conclusion, stockholders are getting antsy the deal may be in peril, according to the Wall Street Journal.

Such jitters sent the radio giant’s stock south 7.1 percent, losing $2.3 billion in value in just two days.

For those keeping score of such things, that’s a little more than half what Clear Channel paid for SFX Entertainment back in 2000.

The current buyout deal is worth an estimated $19 billion and is expected to close by the end of March.