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CLEAR CHANNEL OUTDOOR OWES LOTS OF $$$

R

RADIO geek squad

As we all know, Clear Channel Outdoor Holdings Inc. is trying to come up with a plan for the $750 million worth of senior notes through a subsidiary and use the proceeds to pay down $730 million in debt it owes to parent company Clear Channel Communications.

Seems like parent company is not too happy with that deal.

The company has been pursuing ways to address the funds it owes to Clear Channel Communications for some months now and I believe there is still not a definite plan.

So, how would this affect Clear Channel Radio? Any ideas? Or, is this a total separate entity and will not affect? Just wondering, because I recently interviewed for a job. The least someone would like to do is get a job and then learn the company is restructuring and out the door you go.
 
Lamar Outdoor is better than Clear Channel Outdoor. Their billboards actually move and change into another ad! Now that looks cool!

At any rate, RGS, I wish you luck in your job hunt.
 
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