Clear Channel Communications, Inc. operates as a diversified media company. It has two segments, Radio Broadcasting and Outdoor Advertising. The Radio Broadcasting segment includes radio stations, for which it operates as a licensee, as well as programs or sells air time under local marketing agreements or joint sales agreements. It also operates radio networks. As of December 31, 2006, this segment owned 1,176 radio stations and a radio network in the United States. The Outdoor Advertising segm ...