(From MSNBC.com)
CLEAR CHANNEL COMMUNICATIONS INC. on Friday unveiled plans to split up its media empire by spinning off its entertainment business. The nation’s top radio broadcaster also said profit fell by more than half in the first quarter.
[Because of this, some friends of mine at Clear Channel were told their employment with the company was terminated as of Friday. So, sorry to hear that guys! Can anyone help them out?]
Clear Channel Posts Profit Drop, Plans To Spin-Off Live-Entertainment Business
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