LYCOS RETRIEVER 
Clear Channel Communications: Companies
built 649 days ago
Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. Clear Channel, founded in 1972 by Lowry Mays and Red McCombs, wields considerable influence in radio broadcasting, concert promotion and hosting, and fixed advertising in the United States through its subsidiaries. The largest U.S. radio station owner owns over 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on XM Satellite Radio, and more than 30 television stations in the United States, among other media outlets in other countries. The present head of the company is Mark Mays, and its headquarters is located in San Antonio, Texas.
Source:
Clear Channel Communications, a Fortune 500 media company, owns more than 1,200 radio and TV stations across the United States and 750,000 billboards worldwide. The company‟s Enterprise Application Development group lacked a standard development methodology, formal software testing, and requirements authoring standards. In addition, the group missed project deadlines because requirements changed late in development. This situation adversely affected business planning. Seeking a solution, Clear Channel deployed Microsoft® Visual Studio® Team System and defined its development model and framework based on the Microsoft Solutions Framework. The result was a complete culture change: formerly opposing factions became a cohesive, productive team.
Source:
A fast-growing, diversified media company, Clear Channel Communications, Inc., operates nearly 200 radio stations and roughly 20 television stations in 39 markets in the United States. The company acquired the bulk of its broadcasting properties following the Telecommunications Act of 1996, which lifted restrictions on national radio station ownership. During the late 1990s, the company was diversifying beyond the broadcasting business by acquiring billboards in major metropolitan markets. By 1997, the company ranked as the second-largest outdoor advertiser in the United States. In addition to its domestic radio and television stations, Clear Channel ... operated broadcasting properties in New Zealand and Australia.
Source:
Clear Channel Communications Inc. reported results for its fourth quarter and year ended December 31, 2007. The Company reported revenues of $1.84 billion in the fourth quarter of 2007, a 4% increase over the $1.77 billion reported for the fourth quarter of 2006. Included in the Company's revenue is a $46.9 million increase due to movements in foreign exchange; strictly excluding the effects of these movements in foreign exchange, revenue growth would have been 1%. See reconciliation of revenue excluding effects of foreign exchange to revenue at the end of this press release. Net income for the period was $320,559,000 against $211,344,000 for the same period a year ago. For the full year, the Company reported revenues of $6.82 billion, an increase of 6% when compared to revenues of $6.46 billion for the same period in 2006.
Source:
Clear Channel Communications, Inc. leads the out-of-home advertising industry with radio and television stations, outdoor displays and entertainment venues in 63 countries around the world. One of its divisions, Clear Channel Family Entertainment, which negotiates tours with production companies to tour at Clear Channel venues, wanted to sell out a Minneapolis tour date of Veggie Tales prior to the show – the impetus being that Clear Channel's ticket-buyers are given the opportunity to buy tickets for any tour before the tickets go on sale to the public. Veggie Tales began as a computer–animated children's video series, based on the Bible. The series, owned by Big Idea Productions... includes a live show with life-size Veggie Tales Characters.
Source:
In 1994 Clear Channel merged with a Tampa, Florida, competitor named Metroplex Communications. In 1995 the company leaped well beyond its established operating territory when it acquired a 50 percent interest in the Australian Radio Network. By the end of that year, Clear Channel owned 36 radio stations and 10 television stations, which represented a modest increase over the total number of properties it owned in 1993. The figures were deceiving... because they did not accurately convey the financial progress the company had made during the two-year period. Annual revenues between 1993 and 1995 exploded from $135 million to $244 million, while the company's net income swelled from $9 million to $32 million.
Source:
MORE ABOUT
Companies