iHeartMedia 2002 Annual Report Download - page 12

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 100
syndicated radio programs and services for more than 5,000 radio stations including Rush Limbaugh, Bob and Tom, and John Boy and Billy,
which are three very popular radio programs in the United States. We also own various sports, news and agriculture networks.
Live Entertainment
In addition to the live entertainment venues listed above, our live entertainment segment produces and presents touring and original
Broadway & Family shows. Touring Broadway shows are typically revivals of previous commercial successes or new productions of theatrical
shows currently playing on Broadway in New York City. We invest in original Broadway productions as a lead producer or as a limited partner
in productions produced by others. The investments frequently allow us to obtain favorable touring and scheduling rights for the production
that enable distribution across the presenter’snetwork.
Other
Television
As of December 31, 2002, we owned, programmed or sold airtime for 34 television stations. Our television stations are affiliated with
various television networks, including ABC, CBS, NBC, FOX, UPN, PAX and WB.
Media Representation
We own the Katz Media Group, a full-service media representation firm that sells national spot advertising time for clients in the radio and
television industries throughout the United States. Katz Media represents over 2,565 radio stations, 380 television stations and growing
interests in the representation of cable television system operators.
Sports Representation
We operate in the sports representation business. Our full-service sports marketing and management operations specialize in the
representation of professional athletes, integrated event management and marketing consulting services. Among our clients are Michael Jordan
(basketball), Kobe Bryant (basketball), Roger Clemens (baseball), Jason Giambi (baseball), Greg Norman (golf), Andre Agassi (tennis), Jerry
Rice (football) and David Beckham (soccer –UK).
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New Zealand, Mexico and Norway. We own a 50%, 33%, 40% and 50% equity interest in companies that have radio broadcasting
operations in these markets, respectively. We also own a 26% equity interest in Hispanic Broadcasting Corporation, a leading domestic
Spanish-language radio broadcaster. Radio stations owned or operated by Hispanic Broadcasting Corporation are also excluded from the
above table.
(b) Excluded from the 716,039 outdoor display faces owned or operated by Clear Channel are display faces in Africa, Australia —New
Zealand, China, Germany, Hong Kong, Italy, Korea, Malaysia, Norway, Singapore and Thailand. We own a 37%, 50%, 46%, 20%, 50%,
35%, 30%, 49%, 50%, 30% and 32% equity interest in companies that have outdoor advertising operations in these markets,
respectively.
(c) Venues include 51 theaters, 39 amphitheaters, nine clubs and three arenas. Of these 102 venues, we own 33, lease 46 with lease
expiration dates from January 2003 to November 2058, lease four with lease terms in excess of 100 years and operate 19 under various
operating agreements.
Excluded from the 102 live entertainment venues owned or operated by Clear Channel are nine venues in which we own a non-
controlling interest and 19 venues with which we have a booking, promotions or consulting agreement.
(d) Small transit displays are small display faces on the interior and exterior of various public transportation vehicles.