-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U78aQxvDNqYazd3dGOptumqreSzwot/iBN9Um62dZAHQq0HXxZ+BrOL1bYLHTlB9 X0ZVh7OsZDgziXcH+6zGWQ== 0000950134-09-007788.txt : 20090417 0000950134-09-007788.hdr.sgml : 20090417 20090417161145 ACCESSION NUMBER: 0000950134-09-007788 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090417 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20090417 DATE AS OF CHANGE: 20090417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: C C Media Holdings Inc CENTRAL INDEX KEY: 0001400891 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53354 FILM NUMBER: 09757044 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET STREET 2: C/O THOMAS H. LEE PARTNERS, L.P. CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-227-1050 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET STREET 2: C/O THOMAS H. LEE PARTNERS, L.P. CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: BT Triple Crown Capital Holdings III, Inc. DATE OF NAME CHANGE: 20070524 8-K 1 d67292e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 17, 2009
CC MEDIA HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
         
Delaware   000-53354   26-0241222
         
(State or Other Jurisdiction of
Incorporation or Organization) 		  (Commission File Number)   (I.R.S. Employer
Identification No.)
200 East Basse Road
San Antonio, TX 78209
(Address of Principal Executive Offices, Including Zip Code)
(210) 822-2828
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

ITEMS TO BE INCLUDED IN THIS REPORT
Item 2.02 Results of Operations and Financial Condition; Item 7.01 Regulation FD Disclosure.
     Preliminary financial data for CC Media Holdings, Inc.’s quarter ended March 31, 2009, available as of April 17, 2009, is provided below. This financial data for the quarter ended March 31, 2009 is preliminary and may be subject to final quarter-end closing adjustments which could materially change the final results.
Preliminary Statement of Operations Data:
(In thousands)
         
    Three Months Ended
    March 31, 2009
    (Unaudited)
Revenue
   $ 1,207,987  
Direct operating expenses and selling, general and administrative expenses
   $ 995,885  
Corporate expenses
   $ 47,635  
     Included in direct operating expenses, selling, general and administrative expenses and corporate expenses is approximately $33.6 million related to our restructuring program. On January 20, 2009, we announced that we commenced a restructuring program targeting a reduction of fixed costs by approximately $350 million on an annualized basis.
     Also included in direct operating expenses, selling, general and administrative expenses and corporate expenses for the quarter ended March 31, 2009 is approximately $9.8 million of non-cash compensation charges, which represents employee compensation costs related to stock option grants and restricted stock awards.
Preliminary Balance Sheet Data:
(In thousands)
         
    As of March 31, 2009
    (Unaudited)
Short-term investments (1)
   $ 1,472,959  
Total debt
   $ 21,016,728  
Total guaranteed/subsidiary debt
   $ 17,775,509  
 
(1)   Short-term investments are cash equivalents and are included in the “cash and cash equivalents” line item of the balance sheet.

 

 

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  CC MEDIA HOLDINGS, INC.
 		  
Date: April 17, 2009  By:   /s/ Herbert W. Hill, Jr.    
    Herbert W. Hill, Jr.   
    Senior Vice President/Chief Accounting Officer   
 

 

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