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Clear Channel Outdoor Holdings, Inc. Reports Results For 2019 Second Quarter

San Antonio, TX, August 1, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (“the Company”) today reported financial results for the quarter ended June 30, 2019.

“This is an exciting time for Clear Channel Outdoor now that we are a fully independent, out-of-home advertising company,” said William Eccleshare, Worldwide Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “With our energized and dedicated leadership team in place and the support of our new shareholders and Board of Directors, we are now well positioned to build on our market leadership position, technology investments and growing digital platform as we continue to execute our strategic plan.

“Our teams are off to a great start – we have been chosen to partner with the city of Paris to modernize and bring its street furniture to life across the city. We also recently expanded our successful CCO RADAR platform in the U.S. with the development of a suite of tools that helps brands connect with audiences using their proprietary data. In addition, the completion of our equity offering marks an important step toward improving our capital structure.

“We believe the fundamental strengths of our industry, combined with our global footprint and strategic investments in digitization, automation and data analytics, together with a stronger balance sheet provide us with a solid foundation for the future.”

CCO Earnings Release 2019 Q2 PDF

Clear Channel Outdoor Pioneers Seamless Integration of Advertisers’ Preferred Data Sets for Customized Campaign Planning, Measurement & Optimization

Industry-Leading CCO RADAR Ushers in New Era Connecting Advertisers with Audiences Exposed to OOH Using Brand Proprietary Data

New York, New York – Clear Channel Outdoor (CCO) (NYSE: CCO) today announced another Out-of-Home (OOH) industry first, augmenting its CCO RADAR platform to enable brands to integrate their own unique, proprietary data sets into CCO’s industry-leading planning and analytics solution. Advertisers can now plan, amplify, measure and optimize their OOH campaigns using first and third-party data to connect with audiences based on the consumers’ online and offline behaviors.

Branded as RADARSync™, advertisers leveraging this new CCO RADAR solution can build truly integrated, cross-platform campaigns that apply to OOH the same data and analytical approach used to plan and measure digital and mobile campaigns. CCO RADAR provides advertisers with insights from analysis of aggregated and anonymous mobile data that illustrate the behaviors of audiences exposed to OOH campaigns. Advertisers can also receive actionable insights into the delivery of their OOH campaigns against key performance indicators (KPIs), along with recommendations for how performance can be optimized moving forward.

While thousands of local, regional and national advertisers have benefited from the existing CCO RADAR solutions, this innovation comes amidst a shifting media landscape where national agencies and brands desire to work with partners who offer them the technology to integrate their own unique data sets into the ad campaign planning and analytics process. RADARSync™ delivers on this objective by connecting the unified RADAR data set with best-in-class data and analytics partners, including Cuebiq, Ubimo and more. Importantly, the CCO RADAR advertising solutions do not obtain or use any personally identifiable consumer data, and all data is transferred and processed using secure, compliant, industry-standard methodologies.

“In the three years since we pioneered CCO RADAR, we’ve listened to the needs and challenges of our clients and developed an omnichannel suite of tools that helps them understand what people do and where they go in both the online and offline worlds, delivering scalable, cross-platform solutions that drive measurable outcomes,” said Dan Levi, EVP & CMO, CCOA. “Our CCO RADAR products, including the new ability to integrate data sets via RADARSync™, offer customers solutions consistent with those used by advertisers to plan, measure and optimize digital and mobile media, applied uniquely to the high-impact creative storytelling platform of OOH. With CCO RADAR, we’re delivering truly actionable tools and insights that help brands understand how their campaigns are working and for the first time, giving them the ability to optimize.”

CCO RADAR applies the wealth of mobile insights already available and in use by marketers across the digital media ecosystem, to its growing footprint of tens of thousands of printed and digital OOH assets in the U.S.  Advertisers and agencies increasingly recognize that OOH is the critical connective tissue that bridges the gap between consumer behavior in the physical offline world and their behavior in the digital online world.

“In recent months, we have used the capabilities of RADARSync™ and the CCO RADAR solutions to integrate first and third-party data used by a number of our advertising clients,” said Michael Cooper, Global President & CEO of Rapport Worldwide, Interpublic Group’s Out-of-Home media agency. “Through this collaboration with Clear Channel Outdoor, we are providing our clients with highly customized campaign plans that complement Rapport’s proprietary platforms, tools and insights to prove the value and impact of Out-of-Home in a digital and mobile-led advertising environment.”

CCOA now offers four proprietary CCO RADAR solutions:

  • RADARView™ – Audience Planning: A dynamic campaign planning tool, combining digital audience insights with demographics and location targeting, to build the best Clear Channel Outdoor media campaign that efficiently reaches desired customer segments.
  • RADARProof™ – Attribution: Industry-leading attribution solutions to measure campaign outcomes, including visits to businesses, brand sentiments, TV tune-in, mobile app usage and more, gaining valuable insights to understand Out-of-Home’s effectiveness and optimize future campaigns.
  • RADARConnect™ – Amplification: Targeted mobile and digital advertising solution that extends messaging when and where it matters, to drive engagement throughout key moments in the consumer journey.
  • RADARSync™ – Integration: Align data on exposed Out-of-Home audiences with customer data, offering highly customized solutions to measure, plan and optimize Out-of- Home campaigns as an integrated part of the media mix.

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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 450,000 displays in over 31 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 Wins a New 5-Year Contract with Palm Beach International Airport (PBI) to Provide State of the Art Advertising Network

Innovative Media Solutions Allow Global and Local Brands to Reach Over 6.5 Million Passengers Annually at One of the Hottest Tourism Hubs in the U.S.

WEST PALM BEACH, Fla.June 10, 2019 /PRNewswire/ — Clear Channel Airports (CCA), the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), today announced Palm Beach International Airport (PBI) selected the U.S. airport media leader (CCA) for a new five-year airport advertising contract. CCA was selected over two other out-of-home (OOH) advertising companies via a competitive process and marks CCA’s third major contract announced in 2019, following Philadelphia International Airport (PHL) and Omaha Airport Authority’s Eppley Airfield (OMA).

The new PBI contract and media upgrades begin October 2019.

Palm Beach International Airport (PBI) is the gateway to the famed Palm Beach County, a lush, made-for-getaways location boasting 47 miles of beaches, stretching from Jupiter to Boca Raton and from Lake Okeechobee to the Island of Palm Beach. The region is driven by the resort and tourism industry, land development, high-end retail and great food, making it an airport of choice for global brands looking to connect with highly coveted leisure travelers and affluent local residents. The county is also home to numerous technology employers, providing brands the opportunity to connect and engage with business travelers and corporate decision-makers as well.

PBI is enjoying year-over-year growth increasing annual passenger count 2.6 percent from 2017 to 2018. The airport regularly wins accolades for its high-touch and enjoyable airport customer experience which includes being named 9th Best Domestic Airport by Travel + Leisure Magazine in 2018. 2017 awards include ranking 5th Best Medium Airport in the 2017 J.D. Power North American Airport Satisfaction Study, 9th Best Domestic Airport by Travel + Leisure Magazineand found to be #1 across the U.S. for best overall wait times for its TSA Checkpoints.

“Clear Channel Airports has been a true partner and is a leader in the airport advertising industry.  As such, we are excited to continue our relationship with Clear Channel Airports,” said Laura Beebe, Airport Director, Palm BeachInternational Airport.

“CCA is experiencing record growth by concentrating on powerful partnerships with the most progressive airports,” said Morten Gotterup, president, Clear Channel Airports. “We have invested, innovated and customized together with PBI for many years and we’re excited to continue to evolve the passenger and advertiser experience at PBI to be even more inviting.”

PBI has nearly 200 daily non-stop arrivals and departures to nearly 30 destinations in the U.S., Canada and the Caribbean on 11 airlines. The new state of the art media program will enhance the passenger experience and seek to capture the attention of all passengers. CCA will incorporate diverse media assets and the latest in digital technology into the media network to meet the demands of a robust group of current advertisers and attract new brands to continue to grow benchmark revenues.

Key details of the new PBI program include:

  • Comprehensive, head-on digital network throughout the concourses;
  • Flight information display system (FIDS) LCD network;
  • V-Portrait LCD network throughout baggage claim;
  • Multiple state-of-the-art, large-format LED video walls;
  • Integrated and energy efficient custom fixtures that complement architecture and passenger flow;
  • Experiential zones; and
  • Regionally themed wallscapes.

About Clear Channel Airports 
Dedicated to airport advertising for close to 45 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 260 airport programs across the globe and has a presence in 28 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

Follow & Like: LinkedInTwitterInstagramFacebook 
Read our award-winning blog: http://blog.clearchanneloutdoor.com/

 

Student Winners Announced for 8th Annual “Project Yellow Light” Scholarship Contest to Promote Dangers of Texting and Driving

Winning Public Service Advertisements (PSAs) Premiere Today in New York’s Times Square

WASHINGTON, D.C., June 7, 2019
Today the Ad Council and Project Yellow Light announced the winners of the eighth annual Project Yellow Light scholarship competition. The contest calls for students to create a TV, radio or billboard PSA to educate their peers about the dangers of distracted driving, including the dangers of smartphone distracted driving. The winning PSAs will be revealed today on a digital billboard in New York City’s Times Square, in space donated by Clear Channel Outdoor.

Project Yellow Light was established in 2007 by the family of Hunter Garner to honor his memory after his death in a car crash at age 16. According to the latest data, 3,166 people were killed in crashes involving distracted drivers in 2017, representing 8.5% of all crash fatalities that year.*

“We’re so proud of all our winners, all those who took part in this year’s competition and everyone taking an active role to encourage safe driving among their peers,” said Julie Garner, founder of Project Yellow Light. “Thank you to our amazing partners helping us advance our mission to save lives.”

Since 2011, Project Yellow Light has partnered with the Ad Council to turn the winning submissions into PSAs that receive national exposure through 1,600 TV stations nationwide, iHeartMedia radio stations, and Clear Channel Outdoor’s hundreds of printed billboards and over 1,200 digital billboards.

This year, AT&T’s It Can Wait and Apparent Insurance and Elephant Insurance are supporting the initiative for the first time, joining longstanding partners CBS 2 New York, Clear Channel Outdoor (CCO), iHeartMedia, the National Highway Traffic Safety Administration (NHTSA) and the National Organizations for Youth Safety (NOYS). Scholarships for this year’s winning students are provided with support from Aspire, AT&T’s $500 million commitment to education and skilling, Apparent Insurance, Clear Channel Outdoor and Elephant Insurance. A special Snapchat filter, donated by Snap, will be available in Times Square during today’s winner reveal event.

 

Clear Channel Airports Receives 3-Year Contract Extension with Omaha Airport Authority’s Eppley Airfield (OMA) to Provide Innovative Media Network

State-of-the Art Media Program Will Help Brands Engage with over 5 Million Passengers Annually in OMA, One of the Fastest Growing Airports in the Country

Omaha, NE  – – Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor  (CCO) (NYSE: CCO), today announced Omaha Airport Authority’s Eppley Airfield (OMA) awarded the U.S. airport media leader, CCA, a new three-year extension of its existing airport advertising contract. This agreement continues a relationship that began in 2009 when CCA invested nearly a half million dollars in deployment of first-to-market digital media to OMA. Through this investment, and a robust go-to-market sales strategy, CCA nearly doubled the annual revenue of the previous concessionaire during the course of contract term.

This extension marks CCA’s second major contract announced in 2019, following Philadelphia International Airport (PHL). It  complements 15 wins in 2018 and 80 wins over the last five years. CCA will install the new media upgrades in OMA by Sept., 2019.

Located four miles from downtown Omaha, OMA is a medium-hub airport that served over 5 million passengers in 2018. According to the Omaha World Herald, more people than ever used OMA last year, as airlines offered additional service to new destinations, such as the west coast. Eppley is among the country’s fastest-growing airports in capacity, or the number of seats available for purchase. Among the 61 largest U.S. airports, Eppley ranked No. 17 in capacity growth in 2018, clocking a 7.3 percent rise from the previous year.

OMA offers advertisers the opportunity to connect and engage with a diverse group of travelers including leisure, business and local residents. Omaha is home to nine Fortune 1000 companies and is a regular stop for various NCAA activities (including post season tournaments). The city hosts the College World Series every year, the Olympic swim trials and the Annual Berkshire Hathway annual shareholder’s meeting, which attracts over 40,000 shareholders from around the world.

“Clear Channel Airports has demonstrated strong commitment to our partnership over the years and as a result Omaha Airport Authority and Clear Channel Airports have had a very good and mutually beneficial working relationship,” said Stanley Kathol, director, Finance and Administration, Omaha Airport Authority. “The new contract and related investment on the part of Clear Channel Airports will bring more enhancements to continue to align with our mission of providing premier customer service and airport facilities through operational excellence.”

“We’ve been Eppley Airfield’s advertising provider for over 10 years and we’re proud to call them our strategic partners for another three years,” said Morten Gotterup, president, Clear Channel Airports. “With its impressive passenger growth, OMA remains a top choice in the Midwest for brands to reach their audiences via our state of the art media network. We’re excited to work with OMA to develop new offerings for advertisers to reach business travelers and local residents in this vibrant city.”

Eight airlines provide approximately 88 departures per day to 34 nonstop destinations from Eppley Airfield. The airport is embarking on a complete terminal modernization and expansion project to enable them to consolidate the TSA checkpoint, consolidate arrivals, move more food, beverage and news and gift concessions beyond the checkpoint and add additional gates.

OMA’s new ad program with CCA will achieve a goal of providing an aesthetically pleasing environment that reflects contemporary advertising and optimizes space for marketing effectiveness and revenue generation. Some new program details include:

  • Introduction of program-wide branding of the Omaha cityscape inspired by the beauty and charm of The Old Market;
  • Development of the arrivals corridors with large, head-on, custom LED video walls;
  • Digital network across the entirety of both baggage claims;
  • Large-format static displays in prime locations not previousely available; and
  • Redeveloping and beautifying the arrivals soffits of down escalators with upgraded, energy-saving LED lighted signage.

About Clear Channel Airports
Dedicated to airport advertising for close to 45 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 260 airport programs across the globe and has a presence in 28 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

Follow & Like: LinkedIn, Twitter, Instagram, Facebook

Read our award-winning blog: http://blog.clearchanneloutdoor.com/

For more information, contact:
Wendy Weatherford, wendyweatherford@clearchannel.com, 212.812.0081

 

Clear Channel Outdoor Holdings, Inc. Ceo, William Eccleshare To Present At The J.p. Morgan Global Technology, Media And Communications Conference

San Antonio, TX, May 9, 2019:  Clear Channel Outdoor Holdings, Inc., (NYSE:CCO) announced today that William Eccleshare, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc., is scheduled to present at the J.P. Morgan 47th Annual Global Technology, Media and Communications Conference in Boston on Wednesday, May 15, 2019 at 4:20 p.m. Eastern Time.  The live audio webcast as well as the replay will be available on Clear Channel Outdoor Holdings’ investor website at www.investor.clearchannel.com.

About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with a diverse portfolio of 450,000 print and digital displays in 31 countries across Asia, Europe, Latin America and North America, reaching millions of people monthly. A growing digital platform includes over 13,500 digital displays in its international markets and more than 1,200 digital billboards across 28 markets in the U.S.

Comprised of two business divisions – Clear Channel International (CCI), covering markets in Asia, Europe and Latin America, and Clear Channel Outdoor Americas (CCOA), the U.S and Caribbean business division – CCO employs 5,600 people globally. More information is available at www.investor.clearchannel.comwww.clearchannelinternational.com and www.clearchanneloutdoor.com

For further information, please contact:

Investors:

Eileen McLaughlin
Vice President, Investor Relations
(212) 377-1116
investorrelations@clearchannel.com

Press:

Lucy Puddefoot
Head of PR & Communications
Clear Channel International
+44(0) 7525 731 733
lucypuddefoot@clearchannel.com

 

Jason D. King,
SVP, Corporate Communications & Marketing
Clear Channel Outdoor Americas
212.812.0064, 
jasondking@clearchannel.com

 

Clear Channel Outdoor Holdings Starts Trading as Independent Company

* Clear Channel Outdoor Holdings, Inc. completes separation from iHeartMedia, Inc. to become an independent company  

* Marks a new chapter for the company, which will be led by Worldwide CEO William Eccleshare and CCOH’s newly appointed board of directors

* The company begins trading during time of strong growth for the Out-of Home (OOH) industry, with recent figures showing digital OOH growth is expected to outpace that of online advertising

New York, NY – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), one of the world’s leading outdoor advertising companies, today completed its separation from iHeartMedia, Inc., to become an independent company with its own board of directors. The common stock of the outdoor advertising company will continue trading on the New York Stock Exchange under the ticker symbol “CCO.”

CCOH is the holding company for Clear Channel International (CCI), which covers markets across Asia, Europe and Latin America, and Clear Channel Outdoor Americas (CCOA), which includes markets in the United States and Caribbean. The two will continue to operate as separate business divisions.

The news comes as recent figures show that out of home has consistently outgrown other traditional advertising media (4.1%), with the growth of digital out of home (19.1%) even out pacing online (9.6%).[1]

William Eccleshare, Worldwide CEO of Clear Channel Outdoor Holdings, will mark the new chapter for the company by ringing the opening bell above the trading floor at the New York Stock Exchange on May 2.

“Today marks a significant milestone for our company. This new chapter provides us with the mandate and stability to continue to invest in the transformation of out of home, while ensuring that we continue to hold our position as a market leader in a fast moving and dynamic industry,” Eccleshare said.

“I am excited to lead Clear Channel Outdoor Holdings as we embrace our new-found position as an independent company, and build on the strong results both our CCI and CCOA divisions delivered last year.”

Ben Moreland, Chair of the Board for CCOH, added: “I have joined CCOH at a very exciting time for the company. Our new board has a wealth of global experience from diverse and complimentary backgrounds including the tech, data, and advertising industries and the financial expertise to support CCOH as it continues to drive the best customer solutions and innovations for out of home. I believe this positions us very well to deliver for customers and shareholders going forward, and speaking for the whole Board, we are excited to be part of this next chapter.”

CCOH is one of the world’s biggest outdoor advertising companies with more than 450,000 displays in 31 countries worldwide, and in 2018 had revenues of $2.72 billion.

CCOH’s separation from parent company iHeartMedia Inc., was announced in December 2018 as part of iHeartMedia’s financial restructuring process, with CCOH board appointments published in January of this year.

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Notes to Editors

[1] according to figures from Magna Media Forecast (April 2019).

About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with a diverse portfolio of 450,000 print and digital displays in 31 countries across Asia, Europe, Latin America and North America, reaching millions of people monthly. A growing digital platform includes over 13,500 digital displays in its international markets and more than 1,200 digital billboards across 28 markets in the U.S.

Comprised of two business divisions – Clear Channel International (CCI), covering markets in Asia, Europe and Latin America, and Clear Channel Outdoor Americas (CCOA), the U.S and Caribbean business division – CCO employs 5,600 people globally. More information is available at www.investor.clearchannel.com, www.clearchannelinternational.com  and www.clearchanneloutdoor.com

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

Contact:
Jason D. King, 212.812.0064, jasondking@clearchannel.com
SVP, Corporate Communications & Marketing
Clear Channel Outdoor Americas

Clear Channel Outdoor Holdings, Inc. Reports Results For 2019 First Quarter

San Antonio, TX, April 24, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for
the first quarter ended March 31, 2019.

“We have carried our momentum from 2018 into the new year by continuing to focus on our sales execution and strategic growth
initiatives, including building our digital network, expanding our programmatic offerings and enhancing our data analytics,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “We’re proud of Clear
Channel Outdoor’s leadership in the growing OOH industry. As they prepare to become a standalone public company led by
CEO William Eccleshare, we believe the new executive team and incoming Board of Directors are poised to capitalize on the
opportunities in the out-of-home medium, which continues to resonate with advertisers and marketers.”

“In the first quarter, our consolidated revenue declined due to the impact of foreign exchange, while operating income and
OIBDAN increased, led by our Americas segment,” said Rich Bressler, Chief Financial Officer of Clear Channel Outdoor
Holdings, Inc. “The strength in the Americas business speaks to the success of our growth initiatives. Looking ahead, Clear
Channel Outdoor is prepared to continue to grow and build on its status as a global market leader through its ongoing investment
in innovative technologies.”

Clear Channel Outdoor Holdings, Inc. Reports Results For 2019 First Quarter

Clear Channel Outdoor Holdings, Inc. Earnings Presentation For 2019 First Quarter

Clear Channel Outdoor Holdings, Inc. Sets Date For 2019 First Quarter Earnings Teleconference

San Antonio, TX, April 16, 2019 —Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), will release 2019 first quarter results before the market opens on Thursday, April 25, 2019 by 7:00am and will host a conference call to discuss results at 8:30 a.m. Eastern Time.

The earnings conference call will not include iHeartMedia, Inc., the indirect parent of Clear Channel Outdoor, as iHeartMedia, Inc. will not hold quarterly conference calls during iHeartMedia’s bankruptcy process.

The conference call number is 1-800-230-1093 (U.S. callers) and 1-612-234-9959 (International callers) and the access code for both is 466576. 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 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 800- 475-6701 (U.S. callers) and 320-365-3844 (International callers) and the access code for both is 466576. An archive of the webcast will be available within 24 hours after the call for a period of thirty days.

About Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with over 450,000 displays in 31 countries across Asia, Europe, Latin America and North America. Reaching millions of people monthly, including consumers in 44 of the top 50 U.S. markets, Clear Channel Outdoor enables advertisers to engage with consumers through innovative advertising solutions. Clear Channel Outdoor is pioneering the integration of out-of-home with mobile and social platforms, and the company’s digital platform includes more than 1,200 digital billboards across 28 markets in the U.S. and over 13,500 digital displays in international markets. More information is available at www.clearchanneloutdoor.com and www.clearchannelinternational.com.

Media:
Wendy Goldberg
Executive Vice President, Communications (212) 377-1105

Investors:
Eileen McLaughlin
Vice President, Investor Relations (212) 377-1116

Clear Channel Outdoor Holdings, Inc. Reports Results For 2018 Fourth Quarter And Full Year

San Antonio, TX, March 5, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the fourth quarter and year ended December 31, 2018.

“Throughout 2018 favorable trends in the out-of-home sector, especially in the U.S., have combined with our strategic initiatives to deliver growth across our businesses,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Our commitment to creating smarter out-of-home advertising solutions by expanding our innovative assets, providing data-backed insights and empowering our sales teams are generating superior results for our advertising partners. We believe these strategic investments will provide Clear Channel Outdoor’s experienced new Board of Directors and strong leadership team with the foundation for future growth and success when it becomes a standalone public company.”

“We are pleased to report consolidated revenue, operating income, and adjusted OIBDAN increased for the full year, including the fourth quarter,” said Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. “We believe the steps we have taken to strengthen Clear Channel Outdoor’s operations through the investments in our strategic initiatives and our financial discipline led to the strong results this year and the recent successful refinancing of the $2.2 billion of Senior Subordinated Notes.”

View PDF for full report
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