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Clear Channel by the numbers
If you want to know why Clear Channel Entertainment is being jettisoned from the company, you need look no further than the raw numbers for the most recent quarter. Despite its current difficulties, CC Radio is still generating more than a quarter billion of cash flow in a tough quarter. CC Entertainment is hardly generating any at all.
Clear Channel Communications, Q1 2005 ($ in thousands)
| Revenues by unit |
Q1 2005
|
Q1 2004
|
Change
|
|
| Radio |
$773,592 |
$832,944 |
-7% |
|
| Outdoor |
$578,959 |
$521,593 |
11% |
|
| Entertainment |
$424,514 |
$513,958 |
-17% |
|
| Other (incl. TV & Katz) |
$138,706 |
$132,361 |
5% |
|
| Entire company |
$1,884,940 |
$1,969,566 |
-4% |
|
|
| Operating cash flow |
Q1 2005
|
Q1 2004
|
Change
|
|
| Radio |
$262,385 |
$311,616 |
-16% |
|
| Outdoor |
$122,600 |
$108,855 |
13% |
|
| Entertainment |
$1,017 |
$22,110 |
-95% |
|
| Other (incl. TV & Katz) |
$19,226 |
$18,267 |
5% |
|
| Entire company |
$405,198 |
$469,848 |
-14% |
|
Source: RBR/TVBR calculations from Clear Channel's 4/29 earnings release
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