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Clear Channel Outdoor Holdings (CCO)
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CCO » Topics » We face risks related to unresolved SEC staff comments.

This excerpt taken from the CCO 8-K filed Dec 18, 2009.

We face risks related to unresolved SEC staff comments.

We and CC Media Holdings, our indirect parent company, have each received written comments from the SEC staff regarding our respective Annual Reports on Form 10-K for fiscal 2008 and our Quarterly Report on Form 10-Q for the first fiscal quarter of 2009 and its Quarterly Report on Form 10-Q for the third fiscal quarter of 2009. The SEC staff has requested further explanation regarding the determination of our operating segments. If the SEC staff disagrees with our accounting treatment, we may be required to revise our segment presentation and related disclosures and our goodwill impairment testing in future filings or amend our Annual Report on Form 10-K for fiscal 2008 and subsequent periodic reports, and such changes could be material.

This excerpt taken from the CCO 8-K filed Dec 11, 2009.

We face risks related to unresolved SEC staff comments.

We have received written comments from the SEC staff regarding our Annual Report on Form 10-K for fiscal 2008 and Quarterly Report on Form 10-Q for the first fiscal quarter of 2009. The SEC staff has requested further explanation regarding the determination of our operating segments. If the SEC staff disagrees with our accounting treatment, we may be required to revise our segment presentation and related disclosures and our goodwill impairment testing in future filings or amend our Annual Report on Form 10-K for fiscal 2008 and subsequent periodic reports, and such changes could be material.

EXCERPTS ON THIS PAGE:

8-K
Dec 18, 2009
8-K
Dec 11, 2009

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