Friday, July 27, 2007

UPDATE 1-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 Bonds News

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