UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K/A

þ		ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2006,

o		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to

LIVE NATION, INC.

Delaware		20-3247759
(State of Incorporation)		(I.R.S. Employer Identification No.)

9348 Civic Center Drive
Beverly Hills, CA 90210
(Address of principal executive offices, including zip code)

(310) 867-7000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Name of Each Exchange on which Registered
Common Stock, $.01 Par Value per Share		New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:
None

     Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. þ Yes o No

     Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. o Yes þ No

     Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. þ Yes o No

     Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. þ

     Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

þ Large accelerated filer      o Accelerated filer      o Non-accelerated filer

     Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes þ No

     On June 30, 2006, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the Common Stock beneficially held by non-affiliates of the registrant was approximately $990.7 million. (For purposes hereof, directors, executive officers and 10% or greater shareholders have been deemed affiliates).

     On February 23, 2007, there were 65,534,260 outstanding shares of the registrant’s common stock, $0.01 par value per share, excluding 1,702,652 shares held in treasury.

     Portions of our Definitive Proxy Statement for the 2007 Annual Meeting, expected to be filed within 120 days of our fiscal year end, are incorporated by reference into Part III.

 

 

Explanatory Note

     On March 1, 2007, Live Nation, Inc. (“Live Nation” or the “Company”) filed with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended December 31, 2006.

     This Amendment No. 1 to Form 10-K (“Amendment No. 1”) of Live Nation is being filed solely to amend Item 15 to include the separate financial statements of Broadway in Chicago, L.L.C. (“BIC”) as required under Rule 3-09 of Regulation S-X. The audit of the financial statements of BIC, whose fiscal year ends December 31, was not completed at the time the Company filed its Annual Report on Form 10-K. The audited financial statements are now included under Item 15(a)(2) of this Amendment No. 1.

     Item 15 is the only portion of the Company’s Annual Report on Form 10-K being supplemented or amended by this Form 10-K/A. This Amendment No. 1 does not change any other information set forth in the original filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2006. This Amendment No. 1 consists solely of the preceding cover page, this explanatory note, the information required by Item 15 of Form 10-K, a signature page, the accountants’ consent and certifications required to be filed as exhibits hereto.

PART IV

Item 15. Exhibits, Financial Statement Schedules

(a)1. Financial Statements.

The following consolidated and combined financial statements are included in Item 8 of the Company’s Annual Report on Form 10-K filed on March 1, 2007:

Consolidated Balance Sheets as of December 31, 2006 and 2005

Consolidated and Combined Statements of Operations for the Years Ended December 31, 2006, 2005 and 2004

Consolidated and Combined Statements of Changes in Business/Shareholders’ Equity for the Years Ended December 31, 2006, 2005 and 2004

Consolidated and Combined Statements of Cash Flows for the Years Ended December 31, 2006, 2005 and 2004

Notes to Consolidated and Combined Financial Statements

(a)2. Financial Statement Schedule.

	(i)		The following financial statement schedules of Broadway in Chicago, L.L.C. an unconsolidated subsidiary of the Company, are included herein pursuant to Rule 3-09 of Regulation S-X:
			Balance Sheets as of December 31, 2006 and 2005
			Statements of Income for the Years Ended December 31, 2006 and 2005
			Statements of Members’ Equity for the Years Ended December 31, 2006 and 2005
			Statements of Cash Flows for the Years Ended December 31, 2006 and 2005
			Notes to Financial Statements
	(ii)		The following financial statement schedule for the years ended December 31, 2006, 2005 and 2004 is filed as part of Item 15 of the Company’s Annual Report on Form 10-K filed on March 1, 2007 and should be read in conjunction with the consolidated and combined financial statements.
			Schedule II Valuation and Qualifying Accounts

     All other schedules for which provision is made in the applicable accounting regulation of the Securities and Exchange Commission are not required under the related instructions or are inapplicable, and therefore have been omitted.

BROADWAY IN CHICAGO, L.L.C.

FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2006 AND 2005

BROADWAY IN CHICAGO, L.L.C.
YEARS ENDED DECEMBER 31, 2006 AND 2005

CONTENTS

		Page
Independent accountants’ audit report		1
Financial statements:
Balance sheets		2
Statements of income		3
Statements of members’ equity		4
Statements of cash flows		5
Notes to financial statements		6-9

Independent Accountants’ Audit Report

Board of Directors
Broadway In Chicago, L.L.C.
Chicago, Illinois

We have audited the accompanying balance sheets of Broadway in Chicago, L.L.C. as of December 31, 2006 and 2005, and the related statements of income, members’ equity and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Broadway In Chicago, L.L.C. as of December 31, 2006 and 2005, and the results of its operations and cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

/s/ Zwick & Steinberger, P.L.L.C.

Southfield, Michigan
March 7, 2007

BROADWAY IN CHICAGO, L.L.C.

BALANCE SHEET — DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

ASSETS

		2006				2005
Current assets
Cash and cash equivalents		$	20,744,075			$	28,014,123
Accounts receivable			712,779				804,432
Loans receivable, related party			28,165				9,283
Stage show investments			907,557				1,875,869
Prepaid expenses and other			1,825,253				2,135,015
Total current assets			24,217,829				32,838,722
Property and equipment, less accumulated depreciation (2006, $397,868; 2005, $294,721)			1,466,607				865,472
		$	25,684,436			$	33,704,194
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Accounts payable		$	64,120			$	1,509,795
Loans payable, related party			0				13,427
Accrued liabilities			1,553,768				1,146,442
Advance ticket sales			20,782,839				22,747,501
Total current liabilities			22,400,727				25,417,165
Members’ equity			3,283,709				8,287,029
		$	25,684,436			$	33,704,194

See notes to financial statements

BROADWAY IN CHICAGO, L.L.C.

STATEMENT OF INCOME

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

		2006				2005
Ticket sales		$	19,161,096			$	13,692,286
Other revenue			40,604,872				35,822,580
			59,765,968				49,514,866
Operating expenses			38,745,585				29,739,804
Gross profit			21,020,383				19,775,062
Sales, general and administrative expenses			8,875,440				8,088,249
Income from operations			12,144,943				11,686,813
Other income
Interest income			960,551				575,739
Gain(Loss) from stage show investments			1,090,441				(328,107	)
Miscellaneous income			19,245				5,563
			2,070,237				253,195
Net income		$	14,215,180			$	11,940,008

See notes to financial statements

BROADWAY IN CHICAGO, L.L.C.

STATEMENTS OF MEMBERS’ EQUITY

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

		2006				2005
Balance, beginning		$	8,287,029			$	2,144,021
Net income for the year			14,215,180				11,940,008
Distributions to members			(19,218,500	)			(5,797,000	)
Balance, ending		$	3,283,709			$	8,287,029

See notes to financial statements

BROADWAY IN CHICAGO, L.L.C.

STATEMENT OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

		2006				2005
Cash flows from operating activities:
Net income		$	14,215,180			$	11,940,008
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			134,322				91,360
(Gain)Loss from stage show investments			(1,090,441	)			328,107
Changes in assets and liabilities:
(Increase)Decrease in accounts receivable			91,653				1,249,515
(Increase)Decrease in prepaid expenses			309,762				(462,261	)
Increase(Decrease) in accounts payable			(1,445,675	)			1,351,429
Increase(Decrease) in advanced ticket sales			(1,964,662	)			5,678,526
Increase(Decrease) in accrued liabilities			407,326				519,715
Total adjustments			(3,557,715	)			8,756,391
Net cash provided by operating activities			10,657,465				20,696,399
Cash flows provided by(used in) investing activities:
Purchase of property and equipment			(735,457	)			(151,102	)
Due from related parties			(18,882	)			2,564
Investments in stage show investments			(168,748	)			(3,625,000	)
Distributions from stage show investments			2,227,500				1,581,372
Net cash provided by(used in) investing activities			1,304,414				(2,192,166	)
Cash flows used in financing activities:
Due to related parties			(13,427	)			3,768
Distributions to members			(19,218,500	)			(5,797,000	)
Net cash used in financing activities			(19,231,927	)			(5,793,232	)
Net increase(decrease) in cash and cash equivalents			(7,270,048	)			12,711,001
Cash and cash equivalents, beginning of year			28,014,123				15,303,122
Cash and cash equivalents, end of year		$	20,744,075			$	28,014,123

See notes to financial statements

BROADWAY IN CHICAGO, L.L.C.

NOTES TO FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

1.		Summary of significant accounting policies:
		A summary of the Company’s significant accounting policies consistently applied in the preparation of the accompanying financial statements follows.

Business activity:

Broadway in Chicago, L.L.C. (the “Company”) is a limited liability company, which was formed under the laws of the State of Illinois. The Company was formed to operate three entertainment facilities for theatre attractions in Chicago, Illinois. The Company began operating at a fourth facility in 2004. The Company presently has a term life of twenty years, with a possible extension of five years with member consent. Three various theatres are owned or leased by related parties and the fourth facility is rented from an unrelated third party. The members of the Company are Windy City Broadway, LLC, Palace Operating, LLC and SFX Theatrical Group, Inc.

Estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates.

Cash equivalents:

The Company considers all short-term investments with maturity of three months or less to be cash equivalents.

Receivables:

The company considers accounts receivable to be fully collectible, accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made.

Property and equipment:

Depreciation is provided in amounts sufficient to relate the cost of property and equipment to operations over their estimated useful service lives on the straight-line and accelerated methods.

Stage show and partnership investments:

Stage show and partnership investments are accounted for using the equity method of accounting.

BROADWAY IN CHICAGO, L.L.C.

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

1.

Summary of significant accounting policies: (Continued)

Revenue recognition:

Stage show revenue and theatre rental revenue, and the related stage show costs, are recognized after the conclusion of the last performance of the week. A week runs from Monday through Sunday.

Advertising costs:

Advertising costs related to a specific performance of a show that performs for less than 20 weeks are expensed at the time of the performance of the show. For shows that perform in excess of 20 weeks, advertising costs are expensed in the month in which the invoices are received from the vendors. Total advertising expense amounted to $11,459,775 and $8,870,964 for the years ended December 31, 2006 and 2005, respectively.

2.

Property and equipment: Property and equipment, stated at cost, consist of the following:

		2006				2005
Furniture		$	61,915			$	57,709
Office equipment			492,978				398,234
Leasehold improvements			1,309,582				704,250
			1,864,475				1,160,193
Less accumulated depreciation			(397,868	)			(294,721	)
		$	1,466,607			$	865,472

3.		Related party activity:
		Loans to and from affiliates represent advances between the Company and other entities controlled by one or more of the members. The loans are non-interest bearing. They are due on demand.

Loans receivable, related parties:

		2006				2005
Chicago Concessions, Inc.		$	2,050			$	0
Oz Sings Joint Venture			0				1,693
Live Nation			26,115				0
Windy City Broadway, LLC			0				7,590
		$	28,165			$	9,283

BROADWAY IN CHICAGO, L.L.C.

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

3.

Related party activity: (Continued)

Loans payable, related parties:

Chicago Concessions, Inc.		$	0			$	12,927
Windy City Broadway, LLC			0				500
		$	0			$	13,427

4.		Income Taxes:
		No provision has been made for income taxes for the Company, since such taxes, if any, are the liability of the individual members.
5.		Concentration of credit risk:
		Financial instruments that potentially subject the company to concentration of credit risk consist of cash on deposit with local financial institutions. These funds were on deposit in accounts at institutions insured by the Federal Deposit Insurance Corporation (FDIC). At December 31, 2006 and 2005, the excess of the insured amount ($100,000) amounted to approximately $22,800,000 and $18,500,000, respectively.
6.		Other revenue:
		Other revenue consists of the following amounts:

		2006				2005
Service fees		$	4,153,537			$	3,835,291
Commissions			2,343,299				1,779,461
Concessions			755,999				603,273
Miscellaneous			481,646				302,995
Restoration fees			3,227,298				2,701,606
Rental			6,078,048				5,761,021
Presenter fees			21,831,892				19,139,949
Sponsorship			1,733,153				1,688,694
		$	40,604,872			$	35,812,290

BROADWAY IN CHICAGO, L.L.C.

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

YEARS ENDED DECEMBER 31, 2006 AND 2005
(See Independent Accountants’ Audit Report)

7.		Agreements:
		The Company has a twenty-year lease agreement with a related party to lease space to the related party for exclusive and limited right to operate concession stands and coat check rooms. For the years ended December 31, 2006 and 2005, income from this agreement was $755,999 and $603,273, respectively.
8.		Retirement Plan:
		The Company sponsors a retirement plan for all eligible employees under Section 401(k) of the Internal Revenue Code. Participants may make voluntary contributions to the plan based upon a percentage of eligible compensation. The plan provides for a matching contribution by the Company equal to 50% of the first 6% of the participant’s contributions. For the years ended December 31, 2006 and 2005, the Company contributed approximately $37,000 and $37,500, respectively, to the plan.
9.		Commitments and contingencies:
		The Company leases a theatre under a lease through December 31, 2049, with the Company having the right to extend the term for an additional forty-nine (49) years. The base rent is $200,000 per year, plus any taxes levied on the theatre, payable in monthly installments. Additional percentage rent is based on Net Theatre Income, as calculated according to the lease. The allocation of general and administrative expenses is subject to updating effective July 1, 2003 and every subsequent 5th anniversary of such date if the landlord believes it creates an unfair allocation and gives the Company a notice to that effect within ninety (90) days prior to the Reset date.
		The Company leases office space under a lease expiring January 31, 2013.
		Minimum lease commitments as of December 31, 2006 are as follows:

Year Ending		Amount
December 31, 2007		$	337,115
December 31, 2008			341,233
December 31, 2009			345,471
December 31, 2010			349,834
December 31, 2011			354,329
Thereafter			7,772,431
		$	9,500,413

Exhibit
Number		Description
10.7 §		CCE Spinco, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.7 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.8 §		Form of Stock Option Agreement under the CCE Spinco, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.8 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.9 §		Form of Restricted Stock Award Agreement under the CCE Spinco, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.9 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.10 §		CCE Spinco, Inc. Annual Incentive Plan (incorporated by reference to Exhibit 10.10 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.11		Credit Agreement, dated as of December 21, 2005, among SFX Entertainment, Inc. and the foreign borrowers party thereto, as Borrowers, and CCE Spinco, Inc., the Lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian Agent, J.P. Morgan Europe Limited, as London Agent, Bank of America, N.A., as Syndication Agent, and J.P. Morgan Securities Inc. and Bank of America Securities LLC, as Co-Lead Arrangers and Joint Bookrunners (incorporated by reference to Exhibit 10.11 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.12		Guarantee and Collateral Agreement, dated December 21, 2005, among CCE Spinco, Inc., SFX Entertainment, Inc., the other subsidiaries of CCE Spinco, Inc. identified therein and JPMorgan Chase Bank, N.A., as Administrative Agent (incorporated by reference to Exhibit 10.12 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.13 §		Employment Agreement, dated August 17, 2005, by and between SFX Entertainment, Inc., d/b/a Clear Channel Entertainment and Michael Rapino (incorporated by reference to Exhibit 10.7 of the Company’s Registration Statement on Form 10 (File No. 001-32601)).
10.14 §		Employment Agreement, dated November 28, 2005, by and between SFX Entertainment, Inc., d/b/a Clear Channel Entertainment and Alan Ridgeway (incorporated by reference to Exhibit 10.11 of the Company’s Registration Statement on Form 10 (File No. 001-32601)).
10.15 §		First Amendment to Employment Agreement entered into August 8, 2006 by and between Live Nation Worldwide, Inc. and Alan Ridgeway (incorporated by reference to Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q filed August 11, 2006).
10.16 §		Employment Agreement, dated December 22, 2004, by and between Kathy Willard and SFX Entertainment, Inc., d/b/a/Clear Channel Entertainment, as amended December 1, 2005 effective January 1, 2005 (incorporated by reference to Exhibit 10.13 of the Company’s Current Report on Form 8-K filed December 23, 2005).
10.17 §		Employment Agreement dated March 13, 2006 by and between SFX Entertainment, Inc., d/b/a Live Nation, and Michael G. Rowles (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed February 1, 2006).
10.18 §		Employment Agreement entered into May 1, 2006 by and between SFX Entertainment, Inc., d/b/a Live Nation and Charles Walker (incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q filed August 11, 2006).
10.19 §		Employment Agreement entered into May 1, 2006 by and between SFX Entertainment, Inc., d/b/a Live Nation and Bruce Eskowitz (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed May 5, 2006).
10.20		Membership Interest Purchase Agreement dated January 26, 2006 by and among SFX Sports Group, Inc. and Arn Tellem (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed March 17, 2006).
10.21		Stock Purchase Agreement, dated May 26, 2006, by and among Live Nation, Inc., SFX Entertainment, Inc., SAMCO Investments Ltd., Concert Productions International Inc., CPI Entertainment Rights, Inc., Michael Cohl and the other parties set forth therein (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed June 2, 2006).
10.22		Securityholders Agreement, dated May 26, 2006, by and among Live Nation, Inc., SFX Entertainment, Inc., SAMCO Investments Ltd., Concert Productions International Inc., CPI Entertainment Rights, Inc., Michael Cohl and the other parties set forth therein (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K filed June 2, 2006).
10.23 §		Services Agreement, dated May 26, 2006, by and among CPI International Touring Inc., CPI Touring (USA), Inc., Grand Entertainment (Row), LLC, CPI Entertainment Content (2005), Inc., CPI Entertainment Content (2006), Inc., KSC Consulting (Barbados) Inc. and Michael Cohl (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K filed June 2, 2006).
10.24		Credit Agreement, dated May 26, 2006, by and among Live Nation, Inc., SFX Entertainment, Inc., CPI International Touring Inc., CPI Touring (USA), Inc., Grand Entertainment (Row), LLC, CPI Entertainment Content (2005), Inc., and CPI Entertainment Content (2006), Inc. (incorporated by reference to Exhibit 10.4 of the Company’s Current Report on Form 8-K filed June 2, 2006).

Exhibit
Number		Description
12.1 *		Computation of Ratio of Earnings to Fixed Charges.
21.1 *		Subsidiaries of the Company.
23.1 *		Consent of Ernst & Young LLP
23.2 **		Consent of Zwick & Steinberger, P.L.L.C.
31.1 **		Certification of Chief Executive Officer.
31.2 **		Certification of Chief Financial Officer.
32.1 **		Section 1350 Certification of Chief Executive Officer.
32.2 **		Section 1350 Certification of Chief Financial Officer.

     The Company has not filed long-term debt instruments of its subsidiaries where the total amount under such instruments is less than ten percent of the total assets of the Company and its subsidiaries on a consolidated basis. However, the Company will furnish a copy of such instruments to the Commission upon request.

SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Amendment No. 1 to be signed on its behalf by the undersigned, thereunto duly authorized, on March 30, 2007.

		LIVE NATION, INC.
		By:		/s/ Michael Rapino
				Michael Rapino President and Chief Executive Officer

     Pursuant to the requirements of the Securities Exchange Act of 1934 this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Name		Title		Date
/s/ Michael Rapino   Michael Rapino		President and Chief Executive Officer and Director		March 30, 2007
/s/ Alan Ridgeway   Alan Ridgeway		Chief Financial Officer		March 30, 2007
/s/ Kathy Willard   Kathy Willard		Chief Accounting Officer		March 30, 2007
*		Director		March 30, 2007
Henry Cisneros
*		Director		March 30, 2007
Michael Cohl
*		Director		March 30, 2007
Robert Ted Enloe, III
*		Director		March 30, 2007
Jeffrey T. Hinson
*		Director		March 30, 2007
L. Lowry Mays
*		Director		March 30, 2007
Mark P. Mays
*		Director		March 30, 2007
Randall T. Mays
*		Director		March 30, 2007
Connie McCombs McNab
*		Director		March 30, 2007
John N. Simons, Jr.
*		Director		March 30, 2007
Timothy P. Sullivan
*		Director		March 30, 2007
Harvey Weinstein

Exhibit
Number		Description
21.1 *		Subsidiaries of the Company.
23.1 *		Consent of Ernst & Young LLP
23.2 **		Consent of Zwick & Steinberger, P.L.L.C.
31.1 **		Certification of Chief Executive Officer.
31.2 **		Certification of Chief Financial Officer.
32.1 **		Section 1350 Certification of Chief Executive Officer.
32.2 **		Section 1350 Certification of Chief Financial Officer.

     The Company has not filed long-term debt instruments of its subsidiaries where the total amount under such instruments is less than ten percent of the total assets of the Company and its subsidiaries on a consolidated basis. However, the Company will furnish a copy of such instruments to the Commission upon request.