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Article: CC Media Holdings, Inc. Reports Fourth Quarter and Full Year 2008 Results.
- Article from:
- Business Wire
- Article date:
- March 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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