EX-99 3 bob8k-ex99.txt EXHIBIT 99 Radio and Outdoor ------------------ 2002 Financial Information (Dollars in millions) Three Months Ended, Year Ended ------------------------------------------- ---------- March 31, June 30, September December December 31, RADIO 30, 31, 2002 ---------- -------- --------- --------- -------- ---------- Revenues $ 451.3 $ 565.8 $ 539.2 $ 565.3 $ 2,121.6 Operating Income $ 189.7 $ 278.9 $ 259.0 $ 280.0 $ 1,007.6 Depreciation & Amortization $ 7.8 $ 8.2 $ 7.4 $ 7.4 $ 30.8 EBITDA (1) $ 197.5 $ 287.1 $ 266.4 $ 287.4 $ 1,038.4 OUTDOOR --------- Revenues $ 348.2 $ 423.3 $ 429.0 $ 433.0 $ 1,633.5 Operating Income $ 25.6 $ 71.5 $ 63.0 $ 57.9 $ 218.0 Depreciation & Amortization $ 50.9 $ 50.6 $ 51.2 $ 52.9 $ 205.6 EBITDA (1) $ 76.5 $ 122.1 $ 114.2 $ 110.8 $ 423.6 (1) EBITDA is defined as operating income before depreciation and amortization