Last edited Sun Apr 28, 2013, 08:18 PM - Edit history (1)
Per the link below:
http://www.allaccess.com/net-news/archive/story/115514/clear-channel-media-ccm-e-revenues-both-up-4-in-q4
There is the parent company - Clear Channel Mcommunications which had a 4% increase for the quarter and 3% for the year.
Subsidiary to that is Clear Channel Media Holdings (Radio, etc), which grew at 3%.
And there is also Clear Channel Outdoor, subsidiary to the parent company (billboards). This isn't addressed in the story, but it looks like that also grew at 3%.
These massive losses are due to the repayment of debt, from prior years, accrued to make huge purchases to get into the 'iheart Radio' business and other stuff.
Bottom line - these losses are not a meaningful way of judging Limbaugh's success or failure, or even the success of Clear Channel Media Holdings.
So, how is Limbaugh doing? I have no idea...and you'd probably have to be an investor to be 'in the know' on that. One way to judge would be to listen to the program and record the number of local vs Limbaugh advertiser spots...and do the same with a recording of the program from 2011. And compare. But I don't want to do that.
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