British publication, MediaWeek UK, says that US money man Tom Hicks is getting ready to retire next year, and that before he does he is likely to sell his $1.5B stake in Clear Channel Communications.

The sale is not expected to have any effect on the balance of power in the media businesses. Clear Channel’s primary business is radio, augmented by a presence in television, outdoor and talent and venue management.

Hicks owns 6% of the company, which is likely to be sold to institutional investors.