Earnings: ClearChannel’s Net Income Up 19 Percent

Clear Channel (NYSE:CCU), the biggest radio network in U.S. and awaiting approval of its planned acquisition by two private-equity firms, has reported its Q2 earnings, and its revenues were up 5 percent for the quarter, to $1.8 billion. Its net income jumped 19 percent to $236 million, up from $197.5 million for the year-ago period. Radio business is flat with just 1 percent growth, but the company’s outdoor advertising revenues jumped 12 percent.

Nothing on its digital revenues in the earnings release, and the company didn’t hold an earnings call pending the acquisition.

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