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These excerpts taken from the CCO 8-K filed Dec 11, 2009. Equity in Earnings (Loss) of Nonconsolidated Affiliates Equity in earnings (loss) of nonconsolidated affiliates increased $64.3 million during 2008 as compared to 2007. In the first quarter of 2008, we sold our 50% interest in Clear Channel Independent, a South African outdoor advertising company, and recognized a gain of $75.6 million. This gain was partially offset by a $9.0 million impairment charge to one of our International equity method investments recorded during the third quarter of 2008. Equity in Earnings (Loss) of Nonconsolidated Affiliates Equity in earnings (loss) of nonconsolidated affiliates increased $64.3 million during 2008 as compared to 2007. In the first quarter of 2008, we sold our 50% interest in Clear Channel Independent, a South African outdoor advertising company, and recognized a gain of $75.6 million. This gain was partially offset by a $9.0 million impairment charge to one of our International equity method investments recorded during the third quarter of 2008. This excerpt taken from the CCO 10-Q filed May 11, 2009. Equity in Earnings (Loss) of Nonconsolidated Affiliates In the first quarter of 2008, we sold our 50% interest in Clear Channel Independent, a South African outdoor advertising company, and we recognized a gain of $75.6 million. This excerpt taken from the CCO DEF 14A filed Apr 30, 2009. Equity in Earnings (Loss) of Nonconsolidated Affiliates Equity in earnings (loss) of nonconsolidated affiliates increased $64.3 million during 2008 as compared to 2007. In the first quarter of 2008, we sold our 50% interest in Clear Channel Independent, a South African outdoor advertising company, and recognized a gain of $75.6 million. This gain was partially offset by a $9.0 million impairment charge to one of our International equity method investments recorded during the third quarter of 2008. These excerpts taken from the CCO 10-K filed Mar 2, 2009. Equity in Earnings (Loss) of Nonconsolidated Affiliates Equity in earnings (loss) of nonconsolidated affiliates increased $64.3 million during 2008 as compared to 2007. In the first quarter of 2008, we sold our 50% interest in Clear Channel Independent, a South African outdoor advertising company, and recognized a gain of $75.6 million. This gain was partially offset by a $9.0 million impairment charge to one of our International equity method investments recorded during the third quarter of 2008. Equity in Earnings (Loss) of Nonconsolidated Affiliates Equity in earnings (loss) of nonconsolidated affiliates increased $64.3 million during 2008 as compared to 2007. In the first quarter of 2008, we sold This excerpt taken from the CCO 10-Q filed Nov 10, 2008. Equity in Earnings (Loss) of Nonconsolidated Affiliates Three Months Equity in earnings (loss) of nonconsolidated affiliates decreased $9.0 million during the three months ended September 30, 2008 as compared to the same period of 2007, due to a $9.0 million impairment charge to one of our International equity method investments. Nine Months Equity in earnings (loss) of nonconsolidated affiliates increased $67.8 million during the nine months ended September 30, 2008 as compared to the same period of 2007. In the first quarter of 2008, we sold our 50% interest in Clear Channel Independent, a South African outdoor advertising company, and recognized a gain of $75.6 million. This gain was partially offset by the impairment discussed above. | EXCERPTS ON THIS PAGE:
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