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Clear Channel Communications reported financial results for the third quarter of 2002, with revenues increasing 2% to $2.34 billion and EBITDA rising 11% to $616 million. Free cash flow grew substantially, increasing 108% to $419 million. Radio revenues were up 11% and EBITDA increased 18%, while Outdoor revenues increased 12% but EBITDA declined 3%. Entertainment revenues declined 16% and EBITDA declined 18%. The company expects fourth quarter 2002 EBITDA to be in the range of $525-550 million, an increase of 10% for the full year compared to 2001.