Supplemental Disclosure Regarding Non-GAAP Financial InformationThe following tables set forth the Company’s OIBDAN for the three months ended June 30, 2012 and 2011. The Company defines OIBDAN as consolidated net income (loss) adjusted to exclude non-cash compensation expenses and the following line items presented in its Statement of Operations: Income tax benefit (expense); Other income (expense) - net; Equity in earnings (loss) of nonconsolidated affiliates; Gain (loss) on marketable securities; Interest expense; Other operating income (expense) – net; D&A and Impairment charges.
Clear Channel Outdoor Holdings, Inc. Reports Results For Second Quarter 2012
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