Article: CC Media Holdings Posts 1Q 2009 Results


Wireless News
05-18-2009
CC Media Holdings Posts 1Q 2009 Results
Type: News

CC Media Holdings, Inc. has reported results for its first quarter ended March 31.

In a release on May 11, CC Media Holdings reported revenues of $1.2 billion in the first quarter of 2009, a decrease of 23 percent from the $1.6 billion reported for the first quarter of 2008. Included in the Company's revenue is a $64.5 million decrease due to movements in foreign exchange; strictly excluding the effects of these movements in foreign exchange, revenues would have declined 19 percent. See reconciliation of revenue excluding effects of foreign exchange to revenue at the end of this press release.
The Company's ...

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