Yikes! Clear Channel Posts Sales Fall of 55%!

Clear Channel Sales Fall 55%

Clear Channel Outdoor announced a net loss of $137.2 million for the second quarter this year.  Sales fell 55% to $314.9 million. Americas revenue slid 39%, while Europe revenue fell 63%. Last year’s second quarter was a loss of $10.9 million.

Here’s more from Market Watch⇒ Clear Channel Outdoor Loss Widens