Pay Your Debt Down Like Clear Channel Just Did

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. 

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  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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