Clear Channel Radio Revenue Up 1% in Q2 - Radio World

Clear Channel Radio Revenue Up 1% in Q2

Clear Channel radio revenue increased 1% in the second quarter compared to a year ago.
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Clear Channel radio revenue increased 1% in the second quarter compared to a year ago.

Helping the gain, average unit rates for 15-, 30- and 60-second commercials increased in the mid-size markets.

Radio operating expenses decreased $6.7 million.

Overall, Clear Channel Communications had revenues of $1.8 billion in the second quarter, up 5% from a year ago. Operating expenses increased 6%. Mark Mays said the company's focus "remains on transitioning our assets to meet the shifting demands of our audiences, as well as our advertisers."

The date and time of a shareholder meeting to OK the pending acquisition by private equity funds has not been set yet.

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