Clear Channel revenues from radio dropped 10% in the latest quarter
The 10% decline in top line revenues exactly matches the industry average, as reported by the Radio Advertising Bureau for last October through December. Clear Channel also reports declines at its “Americas Outdoor” division of 1% and its International Outdoor division of 5%. The company’s fierce cost-cutting shows up in a 20% drop in operating expenses at the radio unit, and a 20% gain in what Clear Channel has always reported as OIBDAN. That’s Operating Income Before Depreciation and Amortization. Study the Clear Channel Media Q4 and full-year report here.
Hot Topics
- This just in – Dallas-Fort Worth
- CALL LETTER MEANINGS – Northern New England
- Rush On WOR: What Are The Odds? – New York
- Tomorrow is the day! – Dallas-Fort Worth
- KROQ giving Loveline the Rodney on the Roq Treatment – Los Angeles
- 1190 am WAFS – Atlanta
- Al Roney – Albany/Hudson Valley
- ax is swinging at 99.1 WPLM – Boston
- Citadel Goes BUST! – Dallas-Fort Worth
- WHY IS THIS STATION ON MY PRESETS? – Los Angeles
- Songs you liked better by the original artists – Off The Air
- U.S. mailboxes going the way of pay phones – Off The Air
