text: and services on a timely basis, it could have a material adverse effect on 
  financial condition and results of operations. Any 
  our business, 
  interruption in the supply of equipment for our networks could also 
  affect the quality of our service or impede network development and 
  expansion. 
  industry associations and agencies. If our radio and television ratings or 
  magazine readership levels decrease substantially, our advertising sales 
  volumes and the rates that we charge advertisers could be adversely 
  affected. 
  
  FINANCIAL RISKS 
  
  **Organizational Structure and Talent**
  The industry is competitive in attracting and retaining a skilled 
  workforce. Losing certain employees or changes in morale due to a 
  restructuring or other event could affect our revenue and profitability in 
  certain circumstances. 
  
  **Capital Commitments Liquidity, Debt and Interest Payments**
  Our capital commitments and financing obligations could have 
  important consequences including: 
  (cid:129) requiring us to dedicate a substantial portion of cash flow from 
  operations to pay dividends, interest and principal, which reduce 
  funds available for other business purposes including other financial 
  operations 
  (cid:129) making us more vulnerable to adverse economic and industry 
  conditions 
  (cid:129) limiting our flexibility in planning for, and/or reacting to, changes in 