Clear Channel splits stock

Media co. gives 2-for-1, yet to finalize

NEW YORK — Clear Channel announced a 2-for-1 stock split Wednesday but declined to give a record date or an issue date, saying a special meeting will be called to finalize details relevant to the split.

Shares of the San Antonio-based media and outdoor company have traded between $47.5 and $101 over the past year, closing down $2.44 Wednesday to $88.50.

Including pending transactions, Clear Channel owns or programs 195 radio stations and 18 TV stations in 46 U.S. markets and has 88,000 outdoor displays in 31 domestic markets. More recently, the company has been expanding internationally, including a 40% stake in Mexican media conglomerate Grupo Acir and a bid that’s under consideration to take massive European billboard provider More Group Plc.

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