Clear Channel Earnings Plummet 60 Percent
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Clear Channel Communications Inc.&#39;s third-quarter profit fell nearly 60 percent from the same period in 2003, which had been inflated by the nation&#39;s largest radio station operator&#39;s sale of its stake in a Spanish-language broadcasting network.
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Rupert Murdochâs media company said quarterly profit fell 24 percent from a year earlier, when it had a one-time gain from asset sales.
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The New York Times Co. said November advertising revenue declined 3.8 percent. Total company revenue, excluding TV stations up for sale, declined 1.7 percent to $278.5 million, the publisher said. The drop reflects the industry's continued loss of advertisers to other media. Ad sales at the New England Media Group, led by The Boston Globe, slid 11 percent to $36 ...
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The buyout of Clear Channel has become a test of wills between some of the nationâs largest investors.
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Clear Channel Communications Inc.  on Wednesday said it converted three stations to a liberal talk  format and this year could double to 44 the number of stations  carrying such programming.
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Toll Brothers also warned that write-downs were expected to balloon to $60 million to $160 million or more for the quarter.
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Slashed earnings estimate pulls down shares.
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Clear Channel Communications Inc.  CCU.N, the largest U.S. radio station chain, on Friday posted  higher operating earnings, but radio advertising revenue fell  on weak sales to its automotive and telecommunications  customers.
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New ITV chairman Michael Grade admits the broadcaster must do better as it  unveils a drop in annual profits.
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Clear Channel Communications Inc. , the top U.S. radio conglomerate, on Friday posted a quarterly profit but said radio advertising continued to suffer.
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Radio companies Clear Channel Communications (CCU :NYSE - news - research) and Westwood One (WON :NYSE - news - research) struggled with a tough advertising market in the third quarter.
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The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
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Outdoor advertising company Clear Channel Outdoor Holdings Inc.  posted higher quarterly profit on Friday, helped by higher revenue.
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Clear Channel Communications Inc. on Wednesday said it converted three stations to a liberal talk format and this year could double to 44 the number of stations carrying such programming.
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Clear Channel Communications Inc.  CCU.N, the largest U.S. radio station chain, on Friday posted  higher operating earnings although radio advertising revenue  slipped on weak sales to its automotive and telecommunications  customers.
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Clear Channel Communications Inc. (CCU.N: Quote, Profile, Research) , the largest US radio station chain, on Friday posted higher operating earnings although radio advertising
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Countrywide Financial Corp. on  Wednesday posted a 47 percent drop in quarterly earnings and  cut its outlook as mortgage refinancings fell and interest  rates climbed, sparking a broad sell-off in mortgage company  stocks.