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Asset sales boost Clear Channel profit; Deal still in limbo
NEW YORK - Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.
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Dow -118.62
12748.16
Nasdaq -11.09
2440.15
S&P 500 -11.29
1386.39
local stocks...
PEPCO HOLDINGS IN
POM+0.83
25.40
XM SATELLITE RADI
XMSR-0.31
11.98
LEGG MASON INC
LM+0.42
55.40
CAPITAL ONE FINAN
COF-0.71
53.05
TIME WARNER INC
TWX-0.13
16.02
LOCKHEED MARTIN C
LMT-0.37
105.47
SPRINT NXTEL CP
S+0.51
9.49
MARRIOT INT CL A
MAR+0.20
35.76
OPNET TECH INC
OPNT-0.30
9.09
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