Clear Channel Under Performs Radio Index

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clear channel

Clear Channel stock underperformed both the radio index and the S&P 500 composite index over the five-year period ended Dec. 31, 2006. A $1,000 investment in Clear Channel in 2001 fell to $769 by year-end 2006; a similar investment fell to $565 on the radio index but rose to $1,348 on the S&P.

For the third quarter ended Sept. 30, Clear Channel reported net income of $279.7 million, or 56 cents a share, on revenue of $1.73 billion. That compares with net income of $185.9 million, or 38 cents a share, on revenue of $1.64 billion in the 2006 quarter.

Stock outstanding as of April 2 record date: 496,087,136