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Clear Channel Communications

Industry: Broadcasting Cable TV

CCU is a diversified media company with three business segments: broadcasting, live entertainment and outdoor advertising. The Company owns 1,182 radio stations and 39 T.V. stations, as well as 776K outside displays. For the 6 months ended 6/30/05, revenues fell 2% to $4.34B. Net income fell 27% to $268.6M. Results reflect sales declines at Radio Broadcasting and Live Entertainment, reduced operating margins, and fewer gains on marketable securities.

Clear Channel Communications, Inc. is a diversified media company with three business segments: radio broadcasting, outdoor advertising and live entertainment. As of December 31, 2004, the Company owned 1,189 radio stations and held equity interests in various international radio broadcasting companies. Clear Channel also owned or operated 151,603 outdoor advertising display faces in the United States and 671,977 international outdoor advertising display faces. As of December 31, 2004, the Company owned or operated 75 live entertainment venues in the United States and 29 live entertainment venues internationally. Clear Channel also owns a non-controlling interest or has booking, promotions or consulting agreements with 27 venues in the United States and one international venue. Other businesses of the Company include the ownership or programming of 40 television stations, as well as the operation of a Company-owned media representation firm that represents professional athletes.

Clear Channel Communications's rank changes

The company's ranking in 2008 was a decline from 2007 when it was ranked 330th on the Fortune 500. The Previous ranking was based on its 2007 revenue of $7,099 million (a change of 0 million compared to 2008) and profits of $692 million (a change of 247 million compared to 2008).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Clear Channel Communications would be ranked 194th rather than 339th due to its profits of $939 in 2008.

* US$ Million

• Address
  • Clear Channel Communications
    200 East Basse Rd
    San Antonio
    TX
    78209
• Contact Details
  • Phone: 210-822-2828
  • Fax: 210-822-2299
  • Website: www.clearchannel.com
  • Stock Symbol: CCU

Clear Channel Communications is not ranked in this year's Fortune 500