Around the Net

Clear Channel Posts $4.7B Loss in 4Q

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 »

Next story loading loading..