Article: CC Media Holdings, Inc. Reports Fourth Quarter and Full Year 2008 Results.

SAN ANTONIO -- CC Media Holdings, Inc. (OTCBB: CCMO) today reported results for its fourth quarter and year ended December 31, 2008.

Fourth Quarter 2008 Results

CC Media Holdings reported revenues of $1.6 billion in the fourth quarter of 2008, a decrease of 14% from the $1.9 billion reported for the fourth quarter of 2007. Included in the Company's revenue is a $55.2 million decrease due to movements in foreign exchange; strictly excluding the effects of these movements in foreign exchange, revenues would have declined 11%. See reconciliation of revenue excluding effects of foreign exchange to revenue at the end of this press release.

The ...

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