Inside Music MediaJerry Del Colliano

The wheels are coming off.

They are burning through cash at a record pace.

Their big markets are down 12% or more in revenue.

No prospect of breaking even by the end of the year.

Then how is it possible to pay your debt down by $2.5 billion?

You want what Bob Pittman is having. 

If you’ve been thinking about subscribing and would like to access this story, let me tell you what you will get.

1. How Clear Channel got their debt to under $20 billion for the first time since Lee & Bain acquired the company.
2. And that’s turning in two lousy revenue quarters and tracking down for the rest of the year – how is it possible?
3. Why now?  The reason Clear Channel is under pressure to get that number under $20 billion even if they have to use this trick.
4. Why Bressler refuses to break out radio revenue for analysts.

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