WHAT? Clear Channel Almost Empties Credit Line, Borrows $1.6 Billion

By

– February 10, 2009Posted in: Urban/M - Urban/AC

PREVIOUS POST

NEXT POST

Tweet
Email

Tweet
Email

Clear Channel borrowed the approximately $1.6 billion left from a previous $2 billion line of revolving credit this week and revealed the latest borrowing in a Monday morning filing with the U.S. Securities and Exchange Commission. The corporation borrowed the money to “improve its cash flow with continuing uncertainty in credit markets and economic conditions,” the filing stated.

format

previous post: Police source: Miami hip-hop DJ not in LA chase

next post: CONGRATS: Steve Harvey Show Grows 325% since 2005 Launch

Tags: Clear Channel

Comments Closed

Comments are closed. You will not be able to post a comment in this post.

Radio Facts Fans

MOST READ on Radio Facts
- 6 Reasons why Blacks CONTRIBUTE to Corporate Racism
  05 March 2012 11:15 AM | 1 Comment
- Pastor Marvin Winans Carjacked and Robbed
  16 May 2012 5:47 PM | No Comments
- OH NO: KKDA/AM Dallas Makes MAJOR Changes…
  23 May 2012 7:49 PM | No Comments
- Lupe Fiasco Stops by the Morning Riot Show on WGCI
  23 May 2012 3:18 PM | No Comments
- Will Smith Discusses His Kids on Ellen
  23 May 2012 2:55 PM | No Comments
- Bei Maejor feat. Waka Flocka Flame “Lights Down Low” Launch New Video
  23 May 2012 2:15 PM | No Comments
- Industry Legend Hal Jackson Dies
  23 May 2012 1:58 PM | No Comments
- Pastor Marvin Winans Carjacked and Robbed
  16 May 2012 5:47 PM | No Comments
- 6 Reasons why Blacks CONTRIBUTE to Corporate Racism
  05 March 2012 11:15 AM | 1 Comment
- Tredis Cox
  Kevin Brown Exits KBLX, Replaced by Steve Harvey
- Dee Robinson
  Four-Year-Old Future Musician Plays Keyboard (drums) like a Pro
- Shelley O'Sullivan
  Kevin Brown Exits KBLX, Replaced by Steve Harvey
- Barbara Murray
  Kevin Brown Exits KBLX, Replaced by Steve Harvey
- Danielle
  Kevin Brown Exits KBLX, Replaced by Steve Harvey
African American AM artists Atlanta bet CA case CBS CEO Clear Channel Detroit died dj ET FM free HEADLINE hip hop LA listeners LOOK Los Angeles Morning Show NEW news New York NO NY OH OH NO: PD Philadelphia PPM radio Radio Facts Radio News Radio One Sirius steve harvey Tom Joyner TV Urban Radio Vice President Video YIKES
Featured Stories
- RADIO FACTS BOOTCAMP: Avoid the 10 Biggest Mistakes Made Promoting Product to Radio and the Music Industry
  23 February 2012 9:55 AM | No Comments
  Tweet Email TweetEmailAre you ready to MAKE MONEY OR WASTE MONEY? Welcome to Radio Facts Boot Camp, this is a way for you to learn firsthand the tips and tricks...
  Read More
- The 10 Best UNSUNG Episodes So Far…
  07 February 2012 2:38 AM | No Comments
  Tweet Email TweetEmailUNSUNG is along the same line as Soul Train in the sense that a MUCH NEEDED and much deserved series dedicated to the amazing accomplishments of black music...
  Read More
- The Undeniable Top 12 Best Black Female Singers of All Time?
  30 January 2012 1:17 AM | 11 Comments
  Tweet Email TweetEmailSay what you may about today’s female singers and you still won’t come close to the black females singer style and skill of days gone by. While there...
  Read More
- FLASHBACK: The Best 45 Record Label Designs
  24 January 2012 4:31 AM | 1 Comment
  Tweet Email TweetEmailAhh the smell of the insence burning in the record store. The racks behind the counter with the wall of fresh 45 singles that had static when removed...
  Read More
- Where Are They Now: 6 Former Hitmaking Groups and Singers
  19 January 2012 6:26 AM | No Comments
  Tweet Email TweetEmailThere are SO many groups and singers that have come and gone over the years. Some still have successful behind-the-scenes careers and others might be struggling with health...
  Read More
Meta

Archives