Highfields to vote against revised Clear Channel bid-source

LOS ANGELES, April 18 (Reuters) - Highfields Capital Management LP plans to vote against a revised $19.5 billion buyout offer for Clear Channel Communications Inc. (CCU.N) made by private equity groups, a person familiar with the matter said on Wednesday.

The source said the new $39-a-share bid, which was increased from $37.60 a share, or $19 billion, did not change anything for Highfields, which owns about 5 percent of Clear Channel and said in March it would vote against the deal.

Clear Channel, the nation's largest radio station operator, earlier said it had agreed to the higher buyout offer from Thomas H. Lee and Bain Capital.