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Clear Channel Outdoor Holdings (CCO)
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CCO » Topics » Other Income (Expense)-Net

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

Other Income (Expense)—Net

Other income of $25.5 million for the year ended December 31, 2008 primarily related to net foreign exchange transaction gains on short-term intercompany accounts of $19.8 million. In addition, we recorded income of $8.0 million related to dividends received from an International investment. Other income—net of $10.1 million and $0.3 million for the years ended December 31, 2007 and 2006, respectively, relates primarily to net foreign exchange transaction gains on short-term intercompany accounts.

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