Private Equity-owned Companies in Times Square 

1501 Broadway # 450; 220 W 42nd St.; 249 W 45th St.

Private equity owners: Bain Capital & Thomas H. Lee Partners (pending)

Deal announced: Pending

Proposed value: $19.5 billion

Employees: 2,800

Look up—with over 900,000 billboards world-wide, chances are that one you’re looking at is owned by ClearChannel. And private equity has been working mightily this year to buy not only ClearChannel’s outdoor advertising operation, but also their radio stations (1225), their television stations (37) and their concert promotion business. ClearChannel shareholders know a good thing when they see it; they’ve forced Bain and TH Lee to up their offer and even to figure out a way shareholders can get in on the deal. What is not yet clear is how employees of the company will fare once the dust settles.