U.S. News

Clear Channel Profit Up on Higher Radio, Outdoor Ad Sales


Clear Channel Communications said on Friday second-quarter profit rose on higher revenues from radio broadcasting and outdoor advertising.

The radio station operator , which is preparing for a shareholder vote on a proposed $19.6 billion buyout, said earnings rose to $236 million, or 48 cents per share, from $197.5 million, or 39 cents per share, a year ago.

Net income from before discontinued operations was $209 million, or 42 cents per share, compared with $173 million, or 34 cents per share, in the year-ago period.