* Winning by losing? That’s how Blackstone feels about not ending up with Clear Channel. Kind of ironic, because that’s how Clear Channel buyer THL Capital feels about a whole host of overpriced deals it lost out on in 2007 (U.S. Foodservice, etc.).
* Will May be a merry month for IPOs?
* SEC officials defend their agency.
* ExpressJet is the next airline in trouble.
* Clear Channel trial is on in New York. The judge issues a summary ruling: ClearChannel.pdf