iHeartMedia 2003 Annual Report Download - page 53
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The ratio of earnings to fixed charges was computed on a total enterprise basis. Earnings represent income from continuing operations
before income taxes less equity in undistributed net income (loss) of unconsolidated affiliates plus fixed charges. Fixed charges represent
interest, amortization of debt discount and expense, and the estimated interest portion of rental charges. We had no preferred stock outstanding
for any period presented.
ITEM 7A. Quantitative and Qualitative Disclosures about Market Risk.
Required information is within Item 7
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