Clear Channel Communications Inc. on Friday reported a loss of $4.7 billion in the fourth quarter of 2004, all of it due to an accounting change to comply with federal regulations.
Excluding
the charge, Clear Channel's earnings were $214.3 million, or 37 cents per share, in the quarter ended Dec. 31, 2004, up 14.5 percent from the $187.2 million, or 30 cents per share, earned in the same
quarter in 2003.
Read the whole story at The Associated Press, February 25, 2005 »