The World: Washington - FCC in go-ahead for $20bn Clear Channel deal

Federal regulators have given the go-ahead to a private equity deal that will take the radio giant Clear Channel private, and result in the sale of 42 stations.

Although the Federal Communications Commission unanimously approved the $20 billion deal, the panel's two Democrat members voiced concerns the body had not examined the plan carefully enough.

Michael Copps said: "I have called for the commission to examine the potential impact of private equity on our ability to ensure that broadcast licensees protect, serve and sustain the public interest. Unfortunately, that has not happened."

Jonathan Adelstein, an FCC commissioner, said he was worried that an opportunity had been missed to explore the ability of large station groups to dominate local ad markets.