The Clear Channel Communications (NYSE:CCU) Corporate
Conference Call took place on 21-Feb-06 9:00am ET.
Management reported that 2005 total CapEx was $328m, of which $208m was attributed to Clear Channel Outdoor. Long-term debt at 12/31/05 was $7b, with leverage, defined as debt net of cash, divided by the trailing 12-month EBITDA, of 3.4 times. During 2006, CCU expects CapEx to be relatively the same as it was in 2005 for both companies. CCU expects D&A of approx. $625m in 2006, of which it expects approx. $400m to be attributed to Clear Channel Outdoor.
More information on this Conference Call can be obtained from Research and Markets at
http://www.researchandmarkets.com/transcripts/80915
This document provides a non-biased summary of the conference call detailing the key points and the full Q&A session.
Management reported that 2005 total CapEx was $328m, of which $208m was attributed to Clear Channel Outdoor. Long-term debt at 12/31/05 was $7b, with leverage, defined as debt net of cash, divided by the trailing 12-month EBITDA, of 3.4 times. During 2006, CCU expects CapEx to be relatively the same as it was in 2005 for both companies. CCU expects D&A of approx. $625m in 2006, of which it expects approx. $400m to be attributed to Clear Channel Outdoor.
More information on this Conference Call can be obtained from Research and Markets at
http://www.researchandmarkets.com/transcripts/80915
This document provides a non-biased summary of the conference call detailing the key points and the full Q&A session.
© 2006 Business Wire
