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This document is the annual report on Form 10-K filed by Clear Channel Communications, Inc. with the Securities and Exchange Commission for the fiscal year ended December 31, 2007. It provides information on Clear Channel's business segments, which include radio broadcasting, Americas outdoor advertising, and international outdoor advertising. It also discusses Clear Channel's strengths such as its global scale and local market leadership across radio stations and outdoor displays, as well as the attractive fundamentals of the out-of-home radio broadcasting and outdoor advertising industries.





















































































































































