Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
Advertising came to a screeching halt in fourth quarter driving Clear Channel Media Holdings down 14 percent to $1.6 billion, the radio and outdoor operator reported Monday (March 2).
For the year, CC posted a $4 billion loss in part to a $5.2 billion impairment charge. Revenue declined 3 percent to $6.7 billion.
Radio revenue dropped 13 percent in fourth quarter to $788.8 million. About 43 percent of the division’s decline occurred during the fourth quarter, sending full year revenue down 7 percent to $3.3
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in