Clear Channel Revenue Up in Q3

Revenue was up 6 percent in third quarter for Clear Channel Media, the owner of the largest radio and outdoor groups on an improving ad economy, but the company continues to lose money.

“Our diversified media platform continued to build on the momentum of the first half of the year,” said Mark Mays, president and chief executive officer of CC Media Holdings, who announced he would step down as CEO at the end of the year.

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