Clear Channel reports 1st quarter profit
May 9, 2008
It was a good first quarter for Clear Channel accoring to an AP report. Revenue was up nearly $800 million which is significantly better than the $102 million at the same time last year. CC recently divested itself of its television group and is in the process of going private.
CC owns WDVE, WXDX, WKST, WWSW, WBGG-AM & WPGB in Pittsburgh; and WBBD-AM, WEGW, WKWK, WOVK, WVKF & WWVA-AM in Wheeling.
