peHUB First Read

Some links to kick off your Thursday:

* Heidi Moore writes that a pivotal PE financing event occured yesterday, and it has nothing to do with Clear Channel.

* Here are .pdf copies of the Clear Channel complaints in New York and Texas. Also, here is Clear Channel’s statement on receiving a temporary restraining order against the banks. The Deal Professor weighs in. And here’s me on CNBC this morning, discussing Clear Channel and other deals in trouble.

* Morgan Stanley puts its CICC stake sale on ice.

* CNet is cutting 10% of its workforce. In related news, peHUB is looking for some editorial help…

* Wall Street wives are having to cut back on their luxury spending. Let’s collectively shed a tear…