Clear Channel Buys Back More Stock
August 10, 2006 at 6:11 AM (PT)
A note in CLEAR CHANNEL's quarterly report SEC filing notes that under its share repurchase program updated in MARCH, the company has bought back 5.2 million shares of its common stock since JULY 1.
The buyback, under which the company is authorized to buy back up to $600 million of its shares, has cost $154.8 million for the 5.2 million shares, including commissions and fees. The company previously bought back $1 billion in shares and has $130.4 million left for more buybacks.