SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

Allowance for Doubtful Accounts


(In thousands)
Description	Balance at Beginning of period		Charges to Costs, Expenses and other		Write-off of Accounts Receivable		Other			Balance at End of Period

Year ended December 31, 2009	$	97,364	$	52,498	$	77,850	$	(362	)⁽¹⁾	$	71,650


Year ended December 31, 2010	$	71,650	$	23,023	$	20,731	$	718	⁽¹⁾	$	74,660


Year ended December 31, 2011	$	74,660	$	13,723	$	27,345	$	2,060	⁽¹⁾	$	63,098

(1)

Primarily foreign currency adjustments and acquisition and/or divestiture activity.

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

Deferred Tax Asset Valuation Allowance


(In thousands)
Description	Balance at Beginning of period		Charges to Costs, Expenses and other ⁽¹⁾		Utilization ⁽²⁾			Adjustments ⁽³⁾			Balance at end of Period

Year ended December 31, 2009	$	319,530	$	—	$	(7,369	)	$	(308,307	)	$	3,854


Year ended December 31, 2010	$	3,854	$	13,580	$	—		$	—		$	17,434


Year ended December 31, 2011	$	17,434	$	—	$	—		$	(3,257	)	$	14,177

(1)

During 2010, the Company recorded a valuation allowance on certain capital allowance deferred tax assets due to the uncertainty of the ability to utilize those assets in future periods.

(2)

During 2009 the Company utilized capital loss carryforwards to offset the capital gains generated in continuing operations from the disposition of primarily broadcast assets and certain investments. The related valuation allowance was released as a result of the capital loss carryforward utilization.

(3)

Related to a valuation allowance for the capital loss carryforward recognized during 2005 as a result of the spin-off of Live Nation and certain net operating loss carryforwards. During 2009 the Company released all valuation allowances related to its capital loss carryforwards due to the fact the all capital loss carryforwards were utilized or expired as of December 31, 2009. In addition, the Company released valuation allowances related to certain net operating loss carryforwards due to the fact that the Company can now carryback certain losses to prior years as a result of the enactment of the Worker, Homeownership, and Business Assistance Act of 2009 (the "Act") on November 6, 2009 that allowed carryback of certain net operating losses five years. The Company's expectations as to future taxable income from deferred tax liabilities that reverse in the relevant carryforward period for those net operating losses that cannot be carried back will be sufficient for the realization of the deferred tax assets associated with the remaining net operating loss carryforwards. During 2011, the Company adjusted certain valuation allowances as a result of changes in tax rates in certain jurisdictions and changes to the net deferred tax liabilities.