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Clear Channel Outdoor Holdings, Inc. Reports Results For 2017 Third Quarter

San Antonio, TX, November 8, 2017 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the third quarter ended September 30, 2017.

“Our Outdoor businesses continue to build out our digital footprint worldwide,” said Bob Pittman, Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “At the same time, we are focused on enhancing our automated ad-buying, data analytics and attribution capabilities to generate improved results for our advertising and marketing partners.”

Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. said: “Our consolidated results decreased in the third quarter. However, revenue increased, after adjusting for the impact from foreign exchange and certain businesses we sold. We continue to be committed to financial discipline as we invest in data, programmatic and attribution to grow our businesses.”

View PDF for 2017 Q3 Earnings Release Report

View Investor Deck for 2017 Q3

iHeartMedia, Inc. and Clear Channel Outdoor Holdings, Inc. Set Date for 2017 Third Quarter Earnings Teleconference

San Antonio, TX, October 31, 2017 — iHeartMedia, Inc. (PINK: IHRT) and its publicly traded subsidiary, Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), will release 2017 third quarter results, including the results of iHeartCommunications, Inc. and Clear Channel International B.V., before the market opens on Wednesday, November 8, 2017 by 7:00 a.m. Eastern Time and will host a conference call to discuss results at 8:30 a.m. Eastern Time.

The conference call number is 877-531-2986 (U.S. callers) and 612-332-1210 (International callers) and the access code for both is 432190. A live audio webcast of the conference call and the related earnings materials, including reconciliations of any non-GAAP financial measures to GAAP financial measures and any other applicable disclosures, will be available on the investor section of the iHeartMedia, Inc. website (www.iheartmedia.com) and the Clear Channel Outdoor Holdings, Inc. website (www.clearchanneloutdoor.com).

After the live conference call, a replay will be available for a period of thirty days. The replay numbers are 800475-6701 (U.S. callers) and 320-365-3844 (International callers) and the access code for both is 432190. An archive of the webcast will be available beginning 24 hours after the call for a period of thirty days

Clear Channel Airports Wins 10-Year Contract with the Port of Seattle to Provide Benchmark-Setting Media Program at Seattle-Tacoma International Airport (SEA)

Clear Channel Airports Renews Deal with the Port of Seattle via a Competitive Request for Proposal Process and Extends Partnership Through 2027 with the 9th Busiest Airport in the U.S.

New and Strikingly Beautiful Advertising Network Will Help Global, National and Regional Brands Reach over 45 Million Annual Passengers

Seattle, WA – – Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), and a subsidiary of iHeartMedia Inc., today announced it has signed a new 10-year agreement with the Port of Seattle to provide a benchmark-setting media program at the Seattle-Tacoma International Airport (Sea-Tac). CCA will transition Sea-Tac and its valued advertising partners seamlessly into a stunning, architecturally integrated media advertising network. CCA has been the premiere display advertising provider for Sea-Tac since 2007 and was awarded the new 10-year contract via a competitive request for proposal process against other major competing outdoor (OOH) media companies. The new partnership went into effect August 1, 2017 with the new advertising program launching in 2018.

The new partnership will include a highly integrated and aesthetically anchored design and fixtures that will compliment architecture and passenger flow at Sea-Tac, attracting global, national and local brands to reach its over 45 million annual travelers. Sea-Tac and the city of Seattle continue to experience tremendous yearly growth with the Puget Sound region serving as home to some of the largest companies in the world including Amazon, Microsoft, Starbucks, Costco, Alaska Airlines, Nordstrom, Nintendo of America and multiple technology/e-commerce companies such as Expedia, Zillow, Concur and PayScale.
Sea-Tac is one of the fastest growing large hub airports in the U.S. for the past three years. Moving up four spaces to the ninth busiest in the country last year, Sea-Tac has a regional economic impact of more than $16 billion in business revenue and generates over 170,000 jobs and more than $565 million in state and local taxes. Currently, Sea-Tac’s 30 airlines serve 88 domestic and 24 international non-stop destinations.

CCA’s new, state-of-the-art displays and interactive technology for Sea-Tac will include:

Three unique digital networks formatted and positioned for terminal-wide coverage and for local, regional, national and international advertiser preferences:
• Ceiling-suspended LED high definition video walls; each more than 100 square feet in size;
• Vertical concourse digital LCD network targeting 100% of arriving and departing passengers;
• Baggage claim digital LCD network – full bag carousel coverage including 100% of arrivals exposure and extended passenger wait times.

High-profile interior assets that optimize visibility, impact and dwell time:
• Double-sided, ceiling-mounted banners on ticketing/departures level and in high-dwell-time pre-security areas;
• LED-illuminated and non-illuminated eco-friendly tension fabric displays;
• Variety of eye-level, soffit-mounted and floor-mounted illuminated signage;
• Exhibit spaces for specialty displays/booths, experiential and branding/sponsorship opportunities.

Marquee exterior assets that significantly impact passengers, greeters and transient traffic:

• Pedestrian walk-over glass clings connecting the parking/transportation deck to the terminal;
• Roadway-facing exterior banners on parking deck exterior;
• Pedestrian breezeway banners connecting SEA passengers to the Sound Transit light rail link.

“The Port of Seattle strives to provide a world-class experience at Sea-Tac Airport for our travelers as the gateway to this region,” said Lance Lyttle, Managing Director of Sea-Tac Airport. “Creating a consistent look and feel within the media program provides us the opportunity to incorporate our local Northwest sense of place with national and international brands that will ring true for locals and be a welcoming sight for visitors. Both will come to realize there’s even more to enjoy in our region than they might initially realize.”

“Seattle-Tacoma International Airport is one of our most exciting partnerships because the Puget Sound region truly represents innovation, cutting-edge technology and rapid growth,” said Morten Gotterup, President, Clear Channel Airports. “Sea-Tac’s surge to a top 10 airport in the nation is a testament to the area’s economic strength and prospects, offering advertisers the rare opportunity to reach a growing and an increasingly affluent set of residents and business travelers each day. Sea-Tac is dedicated to providing its passengers with the highest quality amenities, and we’re looking forward to working closely with their team to set a whole new standard for a media program befitting of this trend-setting city.”

About Seattle-Tacoma International Airport
Operated by the Port of Seattle, Seattle-Tacoma International Airport (SEA, KSEA) is ranked as the 9th busiest U.S. airport, serving nearly 45.7 million passengers and more than 366,000 metric tons of air cargo in 2016. With a regional economic impact of more than $16.3 billion in business revenue, Sea-Tac generates 171,796 jobs (109,924 direct jobs) representing over $2.8 billion in direct earnings and more than $565 million in state and local taxes. Twenty-four airlines serve 83 non-stop domestic and 24 international destinations. More information can be found by visiting www.portseattle.org.

About Clear Channel Airports
Dedicated to airport advertising for more than 40 years, Clear Channel Airports is the premier innovator of contemporary display concepts. The Company, a brand division of Clear Channel Outdoor Americas (NYSE:CCO), one of the world’s largest outdoor advertising companies, currently operates more than 280 airport programs across the globe and has a presence in 32 of the top 50 U.S. markets with major airports. More information can be found on Clear Channel Airports and Clear Channel Outdoor by visiting www.clearchannelairports.com and www.clearchanneloutdoor.com

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For more information, please contact:
Jason D. King
212.812.0064
jasondking@clearchannel.com

Paul Corvino Named Regional President for Clear Channel Outdoor’s Midwest Region

Media Sales Leader Brings over 25 Years of Management and Operations Experience to Clear Channel Outdoor

New York, New York – Clear Channel Outdoor (CCO) (NYSE: CCO), a subsidiary of iHeartMedia Inc., today announced that Paul Corvino has joined the company as Regional President for the Midwest. Corvino will provide leadership in all areas of branch operations including sales, marketing, real estate, public affairs, operations and finance for the Chicago, Minneapolis and Milwaukee markets. Based in Chicago, Corvino will report to Gene Leehan, Executive Vice President and Senior Regional President of Clear Channel Outdoor. Corvino joins CCO from C2MediaSales.com, an advertising, sponsorship and business development organization he founded.

In his new role, Corvino will ensure that Clear Channel Outdoor’s Midwest regional offices continue to outperform and grow as a major player in the company’s portfolio of U.S. markets. His position at CCO is a continuation of over 25 years of successful media sales, management and operations experience.

“Paul brings an impressive and deep-rooted media background to Clear Channel Outdoor and we’re pleased he’ll lead these teams,” said Leehan. “The Midwest is a significant part of our portfolio and a region where we also operate major airport advertising contracts (ORD, MSP, MKE) in addition to premium roadside and transit media displays. This delivers a 360-brand experience for advertisers looking to engage with consumers throughout their journeys from the time they arrive into Chicago, Minneapolis and Milwaukee.”

Corvino’s experience has spanned the full media spectrum, building and running three of the largest and most respected sales and marketing organizations in the U.S. He has held the position of SVP and General Manager for AOL, Managing Director at the New York Times, and Corporate Head of Sales for Cablevision Systems. Corvino also brings extensive experience in commercial real estate as he owned and operated industrial parks and office and residential properties in various cities across the country.

“I am pleased to join Clear Channel Outdoor, especially at a time when the company is regularly coming to market with new, innovative solutions that help brands more strategically plan and measure their advertising campaigns,” said Corvino. “The Midwest teams have set the bar high with their consistent outperformance in growing revenues and securing premier brand partnerships, and I am very excited to work with such a talented group.”
Corvino is a graduate of Iona College. He has served on various boards including; Influential.co, Channel M and The Guardian Angel.

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About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) is one of the world’s largest outdoor advertising companies, with more than 650,000 displays in over 35 countries across five continents, including 43 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 1,200 digital billboards across 28 U.S. markets. Clear Channel Outdoor Holdings’ International segment operates in 22 countries across Asia and Europe in a wide variety of formats. More information is available at www.clearchanneloutdoor.com

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Press Contact:
Jason D. King
jasondking@clearchannel.com
212.812.0064

Clear Channel Airports Awarded Five Year Contract Renewal with Clinton National Airport (LIT) to Provide Cutting Edge Media Network

New Five-Year Extension Will Help Advertisers Reach 1.9 Million Annual Passengers at Vibrant Airport

Little Rock, AR – – Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), and a subsidiary of iHeartMedia Inc., today announced it has been awarded a five-year partnership renewal with Bill and Hillary Clinton National Airport (LIT) to provide state of the art advertising solutions. The latest advertising network will allow brands to reach approximately 1.9 million annual travelers passing through the airport. The new agreement went into effect on June 1, 2017 with the new advertising program launching December 15, 2017.
Clear Channel Airports has been the incumbent concessionaire at Clinton National Airport since 2012. Clinton National Airport is Arkansas’s largest commercial service airport hosting five airlines with dozens of daily departures and nonstop service to 12 destinations. A $25 million concourse renovation is nearing completion.

As the capital of Arkansas, Little Rock is a cultural, economic, government, and transportation center within Arkansas and the South. Industries currently driving economic growth for the city include advanced manufacturing, aerospace, innovation, healthcare and non-profits.

The new advanced advertising program at Clinton National Airport will include an aesthetically balanced network that integrates technology and symmetry to deliver advertising messages in creative ways while enhancing the passenger experience. Specific elements include:

• An LED Video Wall;
• Lit Tension Fabric Displays; and
• A Digital Reservation Center.

“We’re pleased that Clear Channel Airports will provide additional high-tech opportunities to help businesses reach their marketing goals,” said Ronald F. Mathieu, airport executive director. “Research shows that the demographics of Little Rock passengers are among some of the most sought after, which can make airport advertising very effective.”

“With growing passenger traffic and the flourishing economy of Little Rock, this is a very exciting time for us to extend our partnership with Clinton National Airport,” said Morten Gotterup, President, Clear Channel Airports. “Little Rock continues to draw a highly educated, affluent frequent flyer passenger base making Clinton National Airport a very attractive advertising venue for national and regional brands. We are eager to begin implementing our new media network that will surely take the passenger experience to the next level.”

Clear Channel Airports representatives will be at the Clinton National Airport the week of September 18. For an appointment to see demonstrations and renderings contact Dan Devine, Project Sales Manager, 610-944-2130 or danieldevine@clearchannel.com.

About Clear Channel Airports
Dedicated to airport advertising for more than 40 years, Clear Channel Airports is the premier innovator of contemporary display concepts. The Company, a brand division of Clear Channel Outdoor Americas (NYSE:CCO), one of the world’s largest outdoor advertising companies, currently operates more than 280 airport programs across the globe and has a presence in 32 of the top 50 U.S. markets with major airports. More information can be found on Clear Channel Airports and Clear Channel Outdoor by visiting www.clearchannelairports.com and www.clearchanneloutdoor.com

Like us on Facebook at facebook.com/CCOutdoor
Follow us on Twitter at twitter.com/CCOutdoorNA

For more information, please contact:
Jason D. King
212.812.0064
jasondking@clearchannel.com

Clear Channel Outdoor Holdings, Inc. Announces Upsize and Pricing of Offering of 8.75% Senior Notes Due 2020 by Its Subsidiary Clear Channel International B.V.

SAN ANTONIO–(BUSINESS WIRE)–Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) (the “Company”) announced today that its indirect, wholly-owned subsidiary, Clear Channel International B.V. (“Clear Channel International”), upsized and priced an offering of $150.0 million aggregate principal amount of additional 8.75% Senior Notes due 2020 (the “Notes”), an upsize of $25.0 million over the amount previously announced.

The Notes will be issued as additional notes under the indenture governing the outstanding $225.0 million in aggregate principal amount of Clear Channel International’s 8.75% Senior Notes due 2020 that were issued on December 16, 2015. The Notes were priced at 104.0% of par, plus accrued and unpaid interest from June 15, 2017. The sale of the Notes is expected to be completed on August 14, 2017, subject to customary closing conditions.

The Notes will be guaranteed by certain of Clear Channel International’s existing and future subsidiaries (collectively, the “Guarantors”). The Company will not guarantee or otherwise assume any liability for the Notes. The Notes will be senior unsecured obligations that rank pari passu in right of payment to all unsubordinated indebtedness of Clear Channel International, and the guarantees of the Notes will be senior unsecured obligations that rank pari passu in right of payment to all unsubordinated indebtedness of the Guarantors.

Clear Channel International intends to use the net proceeds of the Notes to make a cash distribution to its parent company, which will transfer the net proceeds to Clear Channel CV (an indirect parent of Clear Channel International and a subsidiary of the Company). Clear Channel CV intends to use the net proceeds it receives for general corporate purposes, including to fund Clear Channel International’s operating expenses and capital expenditures as well as those of its other subsidiaries and its parent entities.

The Notes and the related guarantees are being offered only to “qualified institutional buyers” in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. The Notes offering is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. Offers of the Notes are being made only by means of a private offering circular.

Clear Channel Outdoor Holdings, Inc. Announces Proposed Private Offering Of Senior Notes By Its Subsidiary Clear Channel International B.V.

San Antonio, TX, August 9, 2017 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that its indirect, wholly-owned subsidiary, Clear Channel International B.V. (“Clear Channel International”), will offer, subject to market and customary conditions, $125.0 million aggregate principal amount of additional 8.75% Senior Notes due 2020 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be issued as additional notes under the indenture governing the outstanding $225.0 million in aggregate principal amount of the 8.75% Senior Notes due 2020 that were issued on December 16, 2015.

The Notes will be guaranteed by certain of Clear Channel International’s existing and future subsidiaries (collectively, the “Guarantors”). The Company will not guarantee or otherwise assume any liability for the Notes. The Notes will be senior unsecured obligations that rank pari passu in right of payment to all unsubordinated indebtedness of Clear Channel International, and the guarantees of the Notes will be senior obligations that rank pari passu in right of payment to all unsubordinated indebtedness of the Guarantors.

Clear Channel International intends to use the net proceeds of the Notes to make a cash distribution to its parent company, which will transfer the net proceeds to Clear Channel CV (an indirect parent of Clear Channel International and a subsidiary of the Company). Clear Channel CV intends to use the net proceeds it receives for general corporate purposes, including to fund Clear Channel International’s operating expenses and capital expenditures as well as those of its other subsidiaries and its parent entities.

The Notes and related guarantees will be offered only to “qualified institutional buyers” in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act, and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities laws.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. The offering of the Notes is not being made to any person in any jurisdiction in which the offer, solicitation or sale of the Notes is unlawful.

Clear Channel Outdoor Holdings, Inc. Reports Results For 2017 Second Quarter

 

San Antonio, TX, August 3, 2017 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the second quarter ended June 30, 2017.

“With the technology-fueled transformation of our Outdoor businesses enhancing our ability to monetize digital inventory, we are focused more than ever on strengthening our innovative data analytics and automated ad-buying offerings to maximize the value of our out-of-home digital reach,” said Bob Pittman, Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “In the quarter, we continued to expand our digital networks around the world and extend our footprint across airports, street furniture and shopping centers, among other valuable venues.”

Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holding, Inc. said: “In the second quarter, our consolidated results declined. However, adjusting for the impact of certain businesses we sold in 2016 and foreign exchange, we delivered growth in revenues at International outdoor. We remain committed to balancing financial discipline with investments to grow our businesses.”

View PDF for full report

View Deck for 2nd Quarter Earnings

Clear Channel Outdoor RADAR Gets Smarter by Adding Cuebiq’s Real-time Mobile Analytics to Help Advertisers Understand Campaign Performance in the Physical World

24 Hour Fitness Uses New Data for Integrated Out-of-Home and Mobile Campaign Achieving 264% Lift in Gym Visits

New York, New York – Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), a subsidiary of iHeartMedia Inc., today announced the evolution of its Clear Channel Outdoor RADAR suite of Out-of-Home (OOH) advanced advertising platform with the addition of Cuebiq’s location intelligence and attribution solutions, which leverage the largest source of accurate location data in the U.S. The new agreement enables CCO RADAR to tap into Cuebiq’s location insights and footfall attribution analysis, based on aggregated and anonymized mobile location data, to identify audiences exposed to CCOA’s printed and digital billboards.
These additional insights, via Cuebiq’s privacy-compliant methodology, helps inform advertisers and media buyers how to most efficiently reach consumers and measure campaign performance based on real-world behavior. This enhances CCO RADAR’s suite of solutions by offering advertisers access to more location data at scale and with more granularity and speed, including the ability to measure campaigns in smaller markets and from many local businesses.

Since February 2016, a diverse mix of national brands, ranging from QSR, beverage, retail, cable TV and automotive, have successfully used CCO RADAR to measure double digit lifts in the results driven by their OOH ad campaigns with CCOA.
As marketers engage with connected and highly-mobile consumers, adding these new location solutions to CCO RADAR provides brands with additional insights into consumers’ offline behaviors such as uplift in store visits, how long they spent at a location and brand affinities. Cuebiq’s proprietary technology, which spans tens of millions of mobile devices in the U.S., helps advertisers to better identify audience groups exposed to CCOA’s media.

24 Hour Fitness, a leading fitness industry pioneer with nearly four million members in more than 400 clubs across the U.S., recently tapped the new CCO RADAR capabilities to plan and measure the impact of its latest OOH campaigns. 24 Hour Fitness used Cuebiq’s accuracy and scale against CCOA’s OOH inventory in two markets to anonymously identify mobile IDs exposed to their OOH campaign. CCO RADAR audience insights were used to identify the CCOA locations that most efficiently reached 24 Hour Fitness customers and non-customers. The company was then able to measure the lift in physical gym visits among customers exposed to the advertising. The exposed audiences showed a significant increase in guest traffic.

In addition, the combination of data accuracy, density and scale used for its footfall analysis allowed 24 Hour Fitness to review their results at an even more granular level, including: by DMA; how frequency of exposure affected visitation rates; dwell time of exposed devices; and by daily comparison of visitations between the exposed and control groups.
“These enhanced RADAR data sets provided valuable insights that allowed us to quantify the impact of our OOH campaigns,” said Tom Lapcevic, Executive Vice President and Chief Marketing Officer, 24 Hour Fitness. “We look forward to working with Clear Channel Outdoor Americas in the future to help us improve more lives through fitness.”
“We’re excited to partner with Clear Channel Outdoor Americas to bring our attribution, location intelligence and audience analysis solutions to advertisers’ OOH campaigns,” said Antonio Tomarchio, CEO, Cuebiq. “Our proprietary technology delivers higher data accuracy and data density per user at larger scale, providing advertisers actionable insights into consumers’ offline behaviors.”

“The addition of Cuebiq to our growing list of respected and privacy compliant mobile data partners dramatically increases the scale of CCO RADAR insights,” said Andy Stevens, SVP, Research & Insights, Clear Channel Outdoor Americas. “This means we can apply our analytics more quickly, with greater precision and in more markets than ever before, and it addresses advertisers’ greater demand for location analytics based on mobile users’ offline behavior.”

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About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) is one of the world’s largest outdoor advertising companies, with more than 650,000 displays in over 35 countries across five continents, including 43 of the 50 largest markets in the United States. Clear Channel Outdoor Holdings offers many types of displays across its global platform to meet the advertising needs of its customers. This includes a growing digital platform that now offers over 1,200 digital billboards across 28 U.S. markets. Clear Channel Outdoor Holdings’ International segment operates in 22 countries across Asia and Europe in a wide variety of formats. More information is available at www.clearchanneloutdoor.com

Like us on Facebook at facebook.com/CCOutdoor
Follow us on Twitter at twitter.com/CCOutdoorNA

Press Contact:

Jason D. King
jasondking@clearchannel.com
212.812.0064

About Cuebiq
Cuebiq is a next generation location intelligence company, leveraging the largest database of accurate and precise location data in the U.S.  Its leading data intelligence platform analyzes location patterns of 61 million monthly active U.S. smartphone users on over 180 mobile apps, allowing businesses to glean actionable insights about real-world consumer behaviors and trends.  Cuebiq provides clients geo-behavioral audiences for cross-platform ad targeting, the industry’s only SaaS based real-time campaign optimization and footfall attribution tools, and offline location analytics.  Cuebiq does not collect any personally identifiable information. Its privacy-sensitive methodology has earned the company membership status with the Network Advertising Initiative (NAI), the leading self-regulatory industry association dedicated to responsible data collection and its use for digital advertising.  Cuebiq is headquartered in New York with offices in Chicago, Italy and China.

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Follow us on LinkedIn at linkedin.com/company/cuebiq

Press Contact:

Paul Chronister
paul@kitehillpr.com