iHeartMedia 2009 Annual Report Download - page 163

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PART III
ITEM 10. Directors, Executive Officers and Corporate Governance
Intentionally omitted in accordance with General Instruction I(2)(c) of Form 10-K.
ITEM 11. Executive Compensation
Intentionally omitted in accordance with General Instruction I(2)(c) of Form 10-K.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Intentionally omitted in accordance with General Instruction I(2)(c) of Form 10-K.
ITEM 13. Certain Relationships and Related Transactions, and Director Independence
Intentionally omitted in accordance with General Instruction I(2)(c) of Form 10-K.
ITEM 14. Principal Accounting Fees and Services
The following fees for services provided by Ernst & Young LLP were billed during the year ended December 31, 2009:
The Audit Committee has considered whether Ernst & Young LLP’s provision of non-audit services is compatible with
maintaining Ernst & Young LLP’s independence.
The Audit Committee pre-approves all audit and permitted non-audit services (including the fees and terms thereof) to be
performed by its independent auditor. The chairperson of the Audit Committee may represent the entire Audit Committee for the
purposes of pre-approving permissible non-audit services, provided that the decision to pre-approve any service is disclosed to the
Audit Committee no later than its next scheduled meeting.
158
(In thousands)
Annual audit fees (1)
$ 6,627
Audi
t
-related fees (2)
—
Tax fees (3)
938
All other fees (4)
75
Total fees for services
$ 7,640
(1) Annual audit fees are for professional services rendered for the audit of annual financial statements and reviews of quarterly
financial statements. This category also includes fees for statutory audits required domestically and internationally, comfort
letters, consents, assistance with and review of documents filed with the SEC, attest services, work done by tax professionals in
connection with the audit or quarterly reviews, and accounting consultations and research work necessary to comply with
generally accepted auditing standards.
(2) Audit-related fees are for due diligence related to mergers and acquisitions, internal control reviews and attest services not
required by statute or regulations.
(3) Tax fees are for professional services rendered for tax compliance, tax advice and tax planning, except those provided in
connection with the audit or quarterly reviews. Of the $937,733 in tax fees, $348,444 was related to tax compliance services.
(4) All other fees are the fees for products and services other than those in the above three categories. This category includes,
among other things, permitted corporate finance assistance, and certain advisory services such as internal audit assistance and
legal services permitted by SEC rules during the applicable period.