We continued to make progress in each of our businesses in the third quarter. For the second consecutive quarter Clear Channel Radio experienced sequential financial improvement over the previous quarter. |
We have allowed ourselves as much flexibility as we can. We believe it's in our shareholders' interest for us to have that flexibility. |
We have reduced our inventory capacity approximately 20%, and thus we have to continue to focus on increasing our yield per minute. We are building a new 30-second marketplace, which continues to move forward, albeit more slowly than we would hope. We are also hoping for a more robust radio and advertising environment that has not materialized yet. |
When combined with previously completed repurchases of nearly $1 billion this share repurchase authorization, if completed, would represent the remaining balance under the company's strategic realignment plan. |
When the electricity didn't work, when television didn't work, when the Internet didn't work, when pay radio didn't work, free radio worked, |