CC Media Holdings Q2 Revenues Drop 21%
August 10, 2009 at 2:57 PM (PT)
CLEAR CHANNEL's CC MEDIA HOLDINGS second-quarter revenues dropped 21% year-to-year to $1.44 billion; without a $61 million decrease due to foreign exchange movements, the drop would have been 18%. Radio revenues were off 20% to $717.567 million, with outdoor off 24% to $692,117.
Net income decreased from a gain of $282.327 million to a loss of $3.673 billion.