CC Q3 Revs Drop 17%
November 9, 2009 at 2:42 PM (PT)
CC MEDIA HOLDINGS has reported results for its third quarter ended SEPTEMBER 30th.
On the radio side, revenue was down to $703,232 from $843,943 for the quarter, a drop of 17%.
CC MEDIA HOLDINGS reported revenues of $1.4 billion in Q3, a decrease of 17% from the $1.7 billion reported for the third quarter of 2008.
The Company’s operating expenses decreased 17% to approximately $969.8 million during the third quarter of 2009 compared to 2008. Included in CC MEDIA HOLDINGS’ third quarter 2009 expenses is a $9.8 million increase "due to movements in foreign exchange."