iHeartMedia 2000 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2000 iHeartMedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 97

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97

14
pursuant to a joint sales agreement. Excluded from the above table are four Mexican radio stations
that we provide programming to and sell airtime under exclusive sales agency arrangements.
Excluded from the 1,107 radio stations owned or operated are radio stations in Australia, New
Zealand, Czech Republic , Great Britain, Mexico and Norway. We own a 50%, 33%, 50%, 32%,
40% and 50% equity interest in companies that have radio broadcasting operations in these markets,
respectively. Also excluded from the 1,107 radio stations owned or operated are radio stations
operated by Hispanic Broadcasting Corporation, a leading domestic Spanish-language radio
broadcaster. We own a 26% non-voting equity interest in Hispanic Broadcasting Corporation.
(b) Excluded from the 698,265 outdoor display faces owned or operated are display faces in Australia -
New Zealand, Canada, China, Germany, Hong Kong, India, Singapore and Thailand. We own a
50%, 50%, 50%, 10%, 50%, 20%, 30% and 31.9% equity interest in companies that have outdoor
advertising operations in these markets, respectively.
(c) Venues include 65 theaters, 40 amphitheaters, 10 clubs, 3 arenas, a concert hall and an arena/motor
racing circuit. Of these 120 venues, we own 31, lease 42 with lease expiration dates from August
2001 to August 2045, lease 3 with lease terms in excess of 100 years, and operate 44 under various
operating agreements.
Excluded from the 120 live entertainment venues owned or operated are 14 venues in France and
Netherlands. We own various equity interest in companies that have live entertainment operations in
these markets.
(d) Small transit displays are small display faces on the interior and exterior of various public
transportation vehicles.
Below is a discussion of our operations within each segment that are not presented in the above
table.
Radio Broadcasting
In addition to the radio stations listed above, our radio broadcasting segment includes a national
radio network that produces more than 60 syndicated radio programs and services for more than 7,800
radio stations including Rush Limbaugh, The Dr. Laura Show and The Rick Dees Weekly Top 40, which
are three of the top rated radio programs in the United States. We also own various sports, news and
agriculture networks.
Outdoor Advertising
In addition to the outdoor advertising display faces listed above, our outdoor advertising segment
operates numerous smaller displays, such as cube displays in retail malls.