Clear Channel Outdoor Holdings, Inc. Reports Results For 2017 First Quarter
San Antonio, TX, May 4, 2017 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the first quarter ended March 31, 2017.
“In the first quarter, we continued to deliver on our strategic initiatives at our Americas and International outdoor businesses,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Around the world, we are investing in building out our digital networks, winning and renewing contracts, and expanding our data-rich, analytics capabilities and automated ad-buying solutions for our marketing partners.”
Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., said: “Consolidated revenues, operating income and OIBDAN declined in the first quarter. Adjusting for divestitures and foreign exchange, however, our revenues increased. We remain focused on balancing financial discipline with investments to grow our businesses.”