Approval has yet to be announced.
The company is being taken private by a group led by Boston-based Thomas H. Lee Partners LP and Bain Capital Partners LLC for $39.20 a share. Shareholders already have approved the transaction.
The buyout still needs approval from the Justice Department.
Clear Channel grew into a media giant following a 1996 law eliminating limits on how many radio stations a single company may own.
A formal announcement spelling out the details of the transfer of Clear Channel's broadcast licenses to the new owner will likely be released next week.
