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