peHUB First Read

Some links to kick off your Thursday…

* A federal judge kicks the Clear Channel case back to Texas. Edge: Plaintiffs.

* A novel exit strategy for private equity firms.

* The euro falls against the dollar and yen.

* Jana maps out its operational gameplan for CNet.

* Leverage cuts both ways for Sam Zell. It helped him sell Equity Office, but may snare him with Tribune. BreakingViews gives its… view.

* DealBook looks at our Leveraged Planet.

* TechCrunch50 vs. Demo. Edge: Blogs where each will advertise.