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The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm's inception in 1991. Current and previous areas of investment include [[cable television]] content and distribution, wireless and wireline [[telephony]], publishing, radio and television broadcasting and other media and communications sectors.
The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm's inception in 1991. Current and previous areas of investment include [[cable television]] content and distribution, wireless and wireline [[telephony]], publishing, radio and television broadcasting and other media and communications sectors.


Significant investments include [[VoiceStream Wireless]], [[Metro-Goldwyn-Mayer]], [[Warner Music Group]], [[Freedom Communications]], [[PanAmSat]], [[AT&T Canada]], [[eircom]], [[Casema]], [[Kabel Deutschland (DE)]], [[Telcordia Technologies]], [[Language Line]], [[F&W Publications]], [[USIS]] [[ProSiebenSat.1 (DE)]], [[Bresnan Broadband Holdings]] , [[Phones 4U|The Phones 4U Group (UK)]] , [[Canal Digitaal Satelliet|CanalDigitaal (NL)]] and [[TV Vlaanderen Digitaal|TV Vlaanderen (BE)]] .
Significant investments include [[VoiceStream Wireless]], [[Metro-Goldwyn-Mayer]], [[Warner Music Group]], [[Freedom Communications]], [[PanAmSat]], [[AT&T Canada]], [[eircom]], [[Casema]], [[Kabel Deutschland (DE)]], [[Telcordia Technologies]], [[Language Line]], [[F&W Publications]], [[USIS]], [[ProSiebenSat.1 (DE)]], [[Bresnan Broadband Holdings]] , [[Phones 4U|The Phones 4U Group (UK)]] , [[Canal Digitaal Satelliet|CanalDigitaal (NL)]] and [[TV Vlaanderen Digitaal|TV Vlaanderen (BE)]] .


The firm has offices in Providence, New York, and London.
The firm has offices in Providence, New York, and London.

Revision as of 18:30, 30 May 2007

Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies.

The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm's inception in 1991. Current and previous areas of investment include cable television content and distribution, wireless and wireline telephony, publishing, radio and television broadcasting and other media and communications sectors.

Significant investments include VoiceStream Wireless, Metro-Goldwyn-Mayer, Warner Music Group, Freedom Communications, PanAmSat, AT&T Canada, eircom, Casema, Kabel Deutschland (DE), Telcordia Technologies, Language Line, F&W Publications, USIS, ProSiebenSat.1 (DE), Bresnan Broadband Holdings , The Phones 4U Group (UK) , CanalDigitaal (NL) and TV Vlaanderen (BE) .

The firm has offices in Providence, New York, and London.

Entertainment

On April 20, 2007, Providence Equity Partners entered into an agreement to acquire all of the television stations currently owned by Clear Channel Communications.[1] 161 radio stations are also included in the deal, but it is not yet clear which radio stations are being sold.

The stations currently owned by Clear Channel are as follows:

Current DMA# Market Station Current Affiliation Notes
5. Santa Rosa-San Francisco, California KFTY 50 Independent
14. Bellingham-Seattle, Washington KVOS 12 Independent
33. Cincinnati, Ohio WKRC-TV 12 CBS
CinCW 12.2 The CW
35. Salt Lake City, Utah KTVX 4 ABC
KUCW 30 The CW
ABC (secondary)
Licensed to Ogden, Utah
37. San Antonio, Texas WOAI-TV 4 NBC
41. Harrisburg, Pennsylvania WHP-TV 21 CBS MyNetworkTV on 21.2
44. Memphis, Tennessee WPTY-TV 24 ABC
WLMT 30 The CW
50. Jacksonville, Florida WAWS 30 Fox MyNetworkTV on 30.2 (launched January 2007)
WTEV 47 CBS
55. Fresno, California KGPE 47 CBS
56. Albany, New York-Pittsfield, Massachusetts WXXA-TV 23 Fox
57. Little Rock, Arkansas KLRT 16 Fox
KASN 38 The CW
59. Mobile, Alabama WPMI-TV 15 NBC
Pensacola, Florida WJTC 44 Independent
62. Tulsa, Oklahoma KOKI 23 Fox
KMYT-TV 41 MyNetworkTV
67. Wichita, Kansas KSAS-TV 24 Fox
KMTW 36 MyNetworkTV
71. Defiance-Toledo, Ohio WDFM-LP 26 Independent
78. Rochester, New York WHAM-TV 13 ABC
CW-WHAM 13.2 The CW
79. Syracuse, New York WSYR-TV 9 ABC
120. Eugene, Oregon KMTR 16 NBC The CW on 16.2
122. Santa Maria, California KCOY 12 CBS
KKFX-CA 24 Fox
124. Salinas, California KCBA 35 Fox
KION-TV 46 CBS The CW on 46.2
Monterey, California KMUV-LP 23 Univision Repeater of Entravision-owned KSMS-TV
126. Bakersfield, California KGET-TV 17 NBC The CW on 17.2 and on co-operated cable station
KKEY-LP 11 Telemundo
"KWFB" 17.2 The CW
157. Binghamton, New York WIVT 34 ABC
WBGH-CA 20 NBC
173. Elmira, New York WETM-TV 18 NBC
WTTX-LP 30 Independent
174. Jackson, Tennessee WJKT 16 Fox
176. Watertown, New York WWTI 50 ABC The CW on WBWT and on co-operated cable station
WBWT 50.2 The CW
202. Fairbanks, Alaska KTVF 11 NBC

Providence Equity Partners Website [2]