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Clear Channel reported financial results for the first quarter of 2003, with revenues increasing 5% year-over-year to $1.78 billion. Net earnings were $71 million, a decrease from $90 million in the prior year. EBITDA increased slightly to $376 million. The company saw growth in its radio, outdoor, and other divisions, while entertainment revenues declined due to a lack of large tours. Clear Channel expects EBITDA to be slightly up or modestly down for the second quarter but grow in the mid to high single digits for the full year 2003.