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House of Roberts

(5,168 posts)
Thu May 2, 2013, 06:24 PM May 2013

CC Media, Clear Channel Outdoor See 1st-Quarter Losses Widen Sharply

CC Media Holdings Inc. (CCMO) saw its first-quarter loss sharply widen as revenue dropped, while sister company Clear Channel Outdoor Holdings Inc. (CCO) also had a wider loss amid higher expenses tied to interest, depreciation and amortization.

CC Media, the vehicle used by private-equity firms Bain Capital LLC and Thomas H. Lee Partners LP to privatize Clear Channel Communications in 2008, reported a loss of $203 million, versus a year-ago loss of $143.6 million.

Revenue fell 1.3% to $1.34 billion. Revenue from media and entertainment, the company's largest segment, was down 2.2%.

http://online.wsj.com/article/BT-CO-20130502-720101.html?mod=googlenews_wsj


I would so love to see Bain drive Clear Channel into bankruptcy and void Limbought's contract!

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CC Media, Clear Channel Outdoor See 1st-Quarter Losses Widen Sharply (Original Post) House of Roberts May 2013 OP
This is delicious! JNelson6563 May 2013 #1
R#5 & K n/t UTUSN May 2013 #2
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