iHeartMedia 2003 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2003 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 179

  • 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
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179

* Per Arbitron Rankings for Fall 2003
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, Fox Sports Radio and American Top-40
Countdown with Casey Kasem, which are three 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
showscurrentlyplayingonBroadwayinNewYorkCity.We
11
Radio Outdoor Liv
e
Market Broadcasting Advertising Entertainment
Market Rank* Stations Display Faces Venues
Netherlands n/
a
Norway (a) (b) n/
a
10,075
Peru n/a 2,598
Poland n/
a
12,348
Singapore n/
a
2,801
Spain n/
a
29,025
Sweden n/
a
27,886 1
Switzerland n/
a
14,358
Thailand (b) n/
a
Turkey n/a 4,037
United Kingdom n/
a
62,697 26
Small transit displays (d) n/
a
232,078
Total 1,182(a) 787,575(b) 103(c)
(a) Excluded from the 1,182 radio stations owned or operated by Clear Channel are 46 radio stations programmed pursuant to a local
marketing agreement or a joint sales agreement (FCC licenses not owned by Clear Channel), 38 radio stations programmed by another
party pursuant to a local marketing agreement or a joint sales agreement (FCC licenses owned by Clear Channel) and six Mexican radio
stations that we provide programming to and sell airtime under exclusive sales agency arrangements. Also excluded are radio stations in
Australia, New Zealand, Mexico and Norway. We own a 50%, 50%, 40% and 50% equity interest in companies that have radio
broadcasting operations in these markets, respectively.
(b) Excluded from the 787,575 outdoor display faces owned or operated by Clear Channel are display faces in Africa, China, Hong Kong,
Italy, Korea, Norway and Thailand. We own a 41%, 48%, 50%, 35%, 30%, 50%, and 49% equity interest in companies that have
outdoor advertising operations in these markets, respectively.
(c) Venues include 53 theaters, 37 amphitheaters, nine clubs and four arenas. Of these 103 venues, we own 35, lease 47 with lease
expiration dates from January 2004 to November 2058, lease four with lease terms in excess of 100 years and operate 17 under various
operating agreements.
Excluded from the 103 live entertainment venues owned or operated by Clear Channel are eight venues in which we own a non-
controlling interest and 17 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.