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The document is Clear Channel Communications' annual report on Form 10-K filed with the SEC for the fiscal year ended December 31, 2006. It provides an overview of Clear Channel's business operations, including that it operates radio stations and outdoor advertising displays across the United States and internationally. It also discusses Clear Channel's operating segments, company strategy, sources of revenue, and competition within the radio broadcasting industry. Additionally, it discloses that on November 16, 2006 Clear Channel entered into an agreement to be acquired by private equity firms in a leveraged buyout transaction subject to shareholder and regulatory approval.
