Clear Channel Outdoor’s Losses Mitigated by Strong LatAm Demand

Clear Channel Outdoor Holdings have recorded a precipitous drop in share value for Q3 2008, with net income dropping an incredible 83.3% this quarter, from $54.7 million to $9.1 million.
 
Despite the poor showing, the company reported that growth in Latin American markets had helped to cut losses.
 
The company also reported that growth in U.S. Digital networks helped to stave-off even greater losses.
 
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Entravision Sells-off Outdoor Advertising Operations


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