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Clear Channel Communications reported financial results for the second quarter of 2007, with revenue increasing 5% to $1.8 billion compared to the second quarter of 2006. Operating expenses grew 6% to $1.1 billion, and income before discontinued operations increased 21% to $208.7 million. By division, radio revenues grew 1% to $918 million while outdoor advertising revenues increased 12% to $837 million. The company also provided an outlook for the third quarter and full year 2007, with radio revenues pacing down 1.5% and 0.2% respectively, while outdoor revenues were pacing up 10.6% for Q3 and 7.2% for the full year.