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The document is Clear Channel Communications' annual report on Form 10-K for the fiscal year ended December 31, 2005. It provides an overview of Clear Channel's business operations, financial performance, risks, properties, legal proceedings, and other required disclosures. Specifically, it notes that Clear Channel owns radio stations and outdoor advertising displays across the United States and internationally. It also previously operated a live entertainment business that was spun off in 2005. The report includes segment financial data and discusses Clear Channel's strategy of serving local communities through diverse media assets.
