Friday, July 27, 2007

Clear Channel posts higher profit

(Reuters) - 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.


Read more at Reuters.com Mergers News

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