Clear Channel Posts Flat Q2
Jul 24, 2002, 12:00 AM
Clear Channel reported revenues of $2.17 billion for Q2, essentially flat compared with the same period last year. The company's radio division, however, was up 5% to $991 million. Some of the national revenue categories that were up during the second quarter included: Auto, Consumer Products, Retail, Travel, Political, Telecom/Utility, Beverages, Fast Food, Entertainment and Professional Services. Outdoor revenues were $474 million, which represented an 18% drop over last year. Clear Channel recently bought outdoor ad company The Ackerley Group and now claims it is the only outdoor company with a presence in all top 10 U.S. markets.