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Clear Channel Outdoor Holdings, Inc. Announces New Post-Emergence Board of Directors
New Board Will Bring Broad, Global Expertise to Position the New Company for Future Growth
New York, NY and San Antonio, TX – February 4, 2019 –Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (PINK: IHRTQ), announced today the members selected to serve on its new Board of Directors when it becomes a standalone company upon iHeartMedia’s emergence from its previously announced restructuring process.
In conjunction with, and subject to, confirmation of iHeartMedia’s Plan of Reorganization, Clear Channel Outdoor Holdings’ (CCOH) post-emergence Board will consist of the following Directors, all of whom possess highly relevant knowledge and experience critical to positioning the company for future success:
Ben Moreland (Chair) – W. Benjamin (Ben) Moreland will serve as the lead independent director on the Board of Directors. He is a private investor and retired CEO of Crown Castle, where he remains a member of the Board of Directors. Crown Castle (NYSE: CCI), a leading provider of wireless infrastructure in the US, owns and operates over 40,000 towers and Small Cell facilities, supported by over 60,000 route miles of fiber in key US markets. An S&P 500 Company headquartered in Houston, Texas, Crown Castle has over 4,000 employees in the US. Prior to his retirement, Mr. Moreland served as Executive Vice Chairman from June 2016 through December 2017 and was President and Chief Executive Officer from July 2008 through May 2016. From 2000 through 2008, Mr. Moreland was Chief Financial Officer. Mr. Moreland joined Crown Castle in 1999, after 15 years with Chase Manhattan Bank and predecessor banks, primarily in corporate finance and real estate investment banking.
Mr. Moreland is a former board member and Chairman of the Board of WIA-The Wireless Infrastructure Association and former member of the Executive Board of the National Association of Real Estate Investment Trusts (NAREIT). He also served on the Board of Directors of Calpine Corporation (NYSE: CPN) from 2009 until its privatization in March 2018, and Monogram Residential Trust (NYSE: MORE) from 2016 until its privatization in September 2017. Mr. Moreland is also a former member of the executive board of the Greater Houston Partnership.
Mr. Moreland currently serves on the Board of Houston Methodist Hospital, where he chairs the subsidiary, Methodist Health Centers Board. He is also a member of the Board of the Hope and Healing Center, a comprehensive mental health resource non-profit serving the Houston Community and beyond. He is a member of the University of Texas McCombs School of Business Advisory Council and Chancellor’s Council Executive Committee. He holds a BBA from The University of Texas at Austin and an MBA from The University of Houston.
William Eccleshare – Mr. Eccleshare is the current CEO and Board Chairman of Clear Channel International – the international division of Clear Channel Outdoor. Effective upon iHeartMedia’s emergence from its restructuring, Mr. Eccleshare will become Chief Executive Officer of the new standalone CCOH. Mr. Eccleshare was formerly Chairman and CEO of BBDO Europe, Middle East and Africa (Omnicom), European Chairman of Young and Rubicam and Chairman and CEO of Ammirati Puris Lintas for Northern Europe. He also spent three years as a Partner at McKinsey & Co, leading the firm’s European Branding Practice. Mr. Eccleshare has an MA in History from Trinity College, University of Cambridge.
John Dionne – Mr. Dionne is a Senior Advisor to the Blackstone Group and a Senior Lecturer in the Finance Unit at the Harvard Business School. He is also a director of Caesars Entertainment, Cengage Learning Holdings II, Inc., Momentive Performance Materials, Inc. and Pelmorex Media, Inc. Until he retired from his position as a Senior Managing Director of Blackstone in 2013, Mr. Dionne was most recently Global Head of its Private Equity Business Development and Investor Relations Groups and served as a member of Blackstone’s Private Equity and Valuation Committees. Mr. Dionne originally joined Blackstone in 2004 as the Founder and Chief Investment Officer of the Blackstone Distressed Securities Fund. Mr. Dionne began his career with Price Waterhouse and holds an M.B.A. from the Harvard Business School and a BS degree in Accounting, Economics, and Finance from The University of Scranton.
Lisa Hammitt – Ms. Hammitt is a senior software executive with 25 years of industry experience. As Vice President of Cloud Marketplace and SaaS at IBM, she helps customers leverage Cognitive Computing in the Cloud. Prior to IBM, Ms. Hammitt was a VP of Marketing of Salesforce Community Cloud, where she spearheaded strategy that drove community adoption and reach. Before Salesforce, she headed mergers and acquisitions in Information Management and Cloud Computing at IBM and HP. Ms. Hammitt received a BA in economics and French from UC Berkeley and completed graduate course work in Artificial Intelligence at Stanford University.
Andrew Hobson – Mr. Hobson serves as Partner and Chief Financial Officer at Innovatus Capital Partners, LLC. Prior to joining Innovatus, Mr. Hobson was a senior Financial Executive at Univision for over twenty years. He served as Senior Executive Vice President at Univision Communications Inc. since 2004 and Chief Financial Officer since 2005. Mr. Hobson holds a B.S.E. in both Finance and Accounting, magna cum laude, from University of Pennsylvania – The Wharton School.
Tom King – Mr. King has more than 30 years of experience in the investment banking and financial services industry. Most recently, Mr. King served as Chief Executive Officer of Investment Banking at Barclays and Chairman of the Investment Banking Executive Committee. Mr. King was also a member of the Barclays Group Executive Committee which oversees all of the Barclays plc businesses. Mr. King is an Operating Partner at Atlas Merchant Capital. He holds a BA in Economics from Bowdoin College and an MBA in finance from University of Pennsylvania – The Wharton School.
Joe Marchese – Joe Marchese is President of Advertising Revenue for Fox Networks Group, a role in which he oversees advertising sales, research and innovation for FOX Broadcast, FOX Sports, FS1, FX, FXX and National Geographic. This includes tentpole advertising events like the World Series and Super Bowl. Mr. Marchese was previously co-founder and CEO of true[X], the leader in ad engagement technology, which was acquired by 21st Century Fox in 2015. Prior to co-founding true[X], Joe has spent time as a media executive, management consultant and multiple time entrepreneur. Mr. Marchese is also the Executive Chairman of Human Ventures, a leading New York based start-up studio and venture fund. He is a member of the Board of Trustees of the Paley Center for Media. He also serves on Board of Directors for the non-profits Tribeca Film Institute and Team Rubicon. In 2016, Mr. Marchese was inducted into the American Advertising Federation’s Advertising Hall of Achievement. He graduated from Bentley University in Waltham, Massachusetts with a bachelor’s degree in Economics and Finance.
MT Rainey – British-born Ms. Rainey is a highly respected advertising industry leader in both the UK and the U.S. As SVP Planning Director of Chiat/Day in the U.S. she pioneered the discipline of Account Planning across the U.S. offices, then returned to found Chiat/Day UK as CEO in London. She subsequently founded the highly successful agency Rainey Kelly Campbell Roalfe which was eventually acquired by Y&R, then became Joint CEO of the merged agency, leading it to a top 5 position within 4 years as part of WPP. She was Chairman of and investor in Th_nk Ltd, a digital transformation agency recently sold to EPAM U.S. She also recently completed a six-year term as Non-Executive Director of Channel 4 Television, the latter two years as Deputy Chair. She has previously served as a Board Director on a number of publicly listed UK companies and is currently on the Board of Hays plc.
Jinhy Yoon – Ms. Yoon is an executive vice president and credit analyst at PIMCO covering technology, media and telecom companies. Prior to joining PIMCO in 2010, she was an equity research analyst at J.P. Morgan Securities in San Francisco, focusing on the semiconductor capital equipment sector. Previously, Ms. Yoon covered integrated oil companies and independent refiners as an equity analyst at Bear Stearns and was a corporate attorney with Simpson Thacher & Bartlett in New York. She has 14 years of investment experience and holds a J.D. from Columbia University School of Law and a Bachelor of Business Administration degree from the University of Notre Dame. She is also a retired Certified Public Accountant (CPA).
The post-emergence Board is excited about CCOH’s prospects and looks forward to working with its strong management team to position the Company for future growth. Upon emergence, addressing the capital structure, including reducing leverage, will be a priority and CCOH has a variety of tools to do so.
“The quality of CCOH’s new Board is further validation of the strength of its business,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “Its members have broad and global expertise across advertising and media businesses, telecom, technology, strategy and planning, and financial service — and are leaders who will provide the kind of knowledge and experience critical to positioning CCOH for future growth and success.”
Clear Channel Outdoor Holdings, Inc.’s current Board of Directors will remain in place until iHeartMedia emerges from its restructuring, at which time the new CCOH Board will assume its responsibilities. Until the company exits the restructuring process, Bob Pittman and Rich Bressler will continue their current leadership roles for CCOH, with Mr. Pittman as CEO and Mr. Bressler as Chief Financial Officer.
Forward-Looking Statements
This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “expect,” “believe,” “would,” “estimate,” “continue,” or “future,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, the proposed restructuring of iHeartMedia, timing to exit Chapter 11 and future outcomes. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements.
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 43 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 more than 14,000 digital displays in international markets. More information is available at ClearChannelOutdoor.com and ClearChannelInternational.com.
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Contact:
iHeartMedia, Inc.
Wendy Goldberg, Executive Vice President – Communications
(212) 377-1105
WendyGoldberg@iheartmedia.com
Clear Channel Outdoor Holdings, Inc. Announces Proposed Private Offering of Senior Subordinated Notes
San Antonio, TX, February 4, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that its indirect, wholly-owned subsidiary, Clear Channel Worldwide Holdings, Inc. (“Clear Channel Worldwide”), will offer, subject to market and customary conditions, $2,200,000,000 aggregate principal amount of Senior Subordinated Notes due 2024 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
The Company, its wholly-owned subsidiary Clear Channel Outdoor, Inc., and certain of the Company’s other domestic subsidiaries will guarantee the Notes. The Notes will be unsecured senior subordinated obligations that will rank junior to all of Clear Channel Worldwide’s existing and future senior debt, equally with any of Clear Channel Worldwide’s existing and future senior subordinated debt and ahead of all of Clear Channel Worldwide’s existing and future debt that expressly provides that it is subordinated to the Notes. The guarantees of the Notes will rank junior to all of the guarantors’ existing and future senior debt, equally with any of the guarantors’ existing and future senior subordinated debt and ahead of all of the guarantors’ existing and future debt that expressly provides that it is subordinated to the guarantee of the Notes.
Clear Channel Worldwide intends to use the proceeds from the Notes to redeem all of its outstanding 7.625% Series A and Series B Senior Subordinated Notes due 2020 and satisfy and discharge the indenture governing such notes. Clear Channel Worldwide delivered today a conditional notice of redemption, calling such notes for payment on March 6, 2019. The redemption is conditioned on the closing of this offering and the notice thereof may be rescinded or amended if necessary.
The Notes and related guarantees will be offered only to persons reasonably believed to be “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 and foreign securities laws.
This press release is for informational purposes only and shall not constitute an offer to sell nor the solicitation of an offer to buy the Notes or any other securities. The offering is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.
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 13,000 digital displays in international markets.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on current Clear Channel Outdoor Holdings, Inc.’s management expectations. These forward-looking statements include all statements other than those made solely with respect to historical facts and include, but are not limited to, statements regarding the offering, the anticipated terms of the Notes and the anticipated use of the proceeds of the offering. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, whether or not the offering will be consummated and the terms of the Notes and the size, timing and use of proceeds of the offering. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Clear Channel Outdoor Holdings, Inc.’s ability to control or predict. Clear Channel Outdoor Holdings, Inc. undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Contact
For further information, please contact:
Media
Wendy Goldberg
Executive Vice President – Communications
(212) 377-1105
Investors
Eileen McLaughlin
Vice President – Investor Relations
(212) 377-1116
The Ad Council Kicks off “Project Yellow Light” Scholarship Competition to Prevent Texting & Driving
AT&T’s It Can Wait and Apparent Insurance Join Corporate and Federal Safety Advocates
to Combat Distracted Driving with Student-Created TV, Radio and Billboard Public Service Advertisements (PSAs)
PR Newswire, NEW YORK, NY, January 17, 2019 – Today, the Ad Council and Project Yellow Light announced the opening of the eighth annual Project Yellow Light scholarship competition. The contest invites high school and college students nationwide to create a TV, radio or billboard PSA to educate their peers about the dangers of distracted driving, specifically texting and driving. Submissions are due March 1 (billboard) and April 1 (radio and video), and winners receive scholarship funding and the opportunity for national media exposure for their winning entries.
This year, AT&T’s It Can Wait and Apparent Insurance are supporting the initiative, joining longstanding funding, media distribution and issue expertise 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). CBS 2 New York has also created a TV spot to promote the competition, featuring anchor Alex Denis, which can be viewed here.
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.
“We’re excited to be entering our eighth year of this national competition with our amazing partners; and even more so by the addition of two noteworthy new alliances – AT&T’s It Can Wait and Apparent Insurance,” said Julie Garner, founder of Project Yellow Light. “These relationships will significantly amplify our reach and help us save more lives.”
Key facts about Project Yellow Light 2019:
- Billboard submissions are due March 1; radio and video submissions are due April 1
- High school juniors, seniors, and undergraduate college students are eligible to apply
- All winners receive scholarship money; first-place winners are awarded $5,000 for video and $2,000 for billboard and radio
- Winning submissions may be turned into public service advertisements (PSAs) and distributed nationwide on iHeartMedia broadcast radio stations, Clear Channel Outdoor billboards, and approximately 1,600 TV stations.
For full submission guidelines and official rules, visit ProjectYellowLight.com.
Last year, the contest received more than 1,600 submissions from 49 states and Washington, D.C. The winning TV PSAs can be viewed online here.
Since 2011, Project Yellow Light has partnered with the Ad Council to turn the winning student submissions into PSAs that receive nationwide exposure through 1,600 TV stations, across iHeartRadio broadcast radio stations and over 1,200 Clear Channel Outdoor digital billboards.
“Project Yellow Light makes it possible for young people to develop creative that reaches their peers with this critical message on a national scale,” said Lisa Sherman, President and CEO of the Ad Council. “We’re thrilled to welcome AT&T’s It Can Wait and Apparent Insurance to this extraordinary coalition.”
“Since 2010, our It Can Wait program has raised awareness of the dangers of smartphone use while driving and helped curb these dangerous habits,” said Ryan Luckey, AVP of Corporate Brand Marketing at AT&T. “Project Yellow Light shares this commitment and we look forward to joining and supporting those who are using their voice to combat distracted driving.”
“Apparent Insurance is excited to be a sponsor of the 2019 Project Yellow Light scholarship competition,” said Colleen Benzin, Managing Director of Apparent Insurance. “As an auto insurer designed for parents, by parents, we support the Project Yellow Light mission to engage young adults about the dangers of distracted driving. Our hope is that this partnership leads to safer drivers and safer roads for the families we serve.”
“People who use cellphones more frequently while driving may be riskier drivers in other respects,” said Heidi King, NHTSA Deputy Administrator. “Multiple studies find that drivers increase their risk of a crash when they choose to engage in distracting activities that require them to take their eyes off the road, such as using a handheld cell phone, reading or writing, or using touchscreen menus on a vehicle instrument pane. Some studies find that drivers engage in some type of distracting activity more than 50 percent of the time they are driving.”
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Data Source: https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812603
About Project Yellow Light
Project Yellow Light is a film, billboard and radio scholarship competition in which high school and college students create compelling stories persuading their peers to develop safe driving habits. This project gives students a voice and a role in preventing car crashes — the number one killer of teenagers and young adults in the U.S. Project Yellow Light was created by Julie, Lowell and Alex Garner in memory of their son/brother, Hunter, who died tragically in a car crash in 2007. Each year the winners receive the Hunter Garner Scholarship.
About the Ad Council
The Ad Council is a nonprofit organization with a rich history of marshaling volunteer talent from the advertising and media industries to deliver crucial messages to the American public. Having produced literally thousands of PSA campaigns addressing the most pressing social issues of the day, the Ad Council has effected, and continues to effect, tremendous positive change by raising awareness, inspiring action and saving lives. To learn more about the Ad Council and its campaigns, visit AdCouncil.org, like us on Facebook, follow us on Twitter or view our PSAs on YouTube.
About AT&T
We help family, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to mobile video streaming, we innovate to improve lives. We have the best network according to America’s biggest test.** We’re building FirstNet just for first responders and creating next-generation mobile 5G. With DIRECTV and DIRECTV NOW, we deliver entertainment people love to talk about. Our smart, highly secure solutions serve over 3 million global businesses – nearly all of the Fortune 1000. And worldwide, our spirit of service drives employees to give back to their communities.
AT&T Communications is part of AT&T Inc. (NYSE:T). Learn more at att.com/CommunicationsNews.
AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T products and services is available at about.att.com. Follow our news on Twitter at @ATT, on Facebook at facebook.com/att and on YouTube at youtube.com/att.
© 2018 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners. **Based on GWS OneScore Sept. 2018. Excludes crowd sourced studies.
About CBS 2 NY
WCBS-TV and WLNY-TV are part of CBS Television Stations group, a division of CBS Corporation and one of the largest network-owned station groups in the country. The combined strengths of CBS 2 and WLNY 10/55 provide a strong platform for serving the entire tri-state area.
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 more than 13,000 digital displays in international markets. More information is available at http://www.clearchanneloutdoor.com.
About Apparent Insurance
Apparent Insurance is making the lives of parents and families easier and safer by delivering a better auto insurance experience. Apparent’s coverage protects families throughout life’s stages with features, benefits, discounts, and services that are tailored to the lives of all parents. Fully backed and secured by parent company, Admiral Group, which oversees over 6 million customers across 7 countries, Apparent Insurance is currently available to consumers across the state of Texas, with additional states being announced soon. Learn more about Apparent Insurance at http://www.apparentinsurance.com and connect on Facebook, Twitter, and Instagram at @ApparentInsurance.
About iHeartMedia
iHeartMedia is the number one audio company in the United States, reaching nine out of 10 Americans every month – and with its quarter of a billion monthly listeners, has a greater reach than any other media company in the U.S. The company’s leadership position in audio extends across multiple platforms including 850 live broadcast stations; streaming music, radio and on demand via its iHeartRadio digital service available across more than 250 platforms and 2,000 devices including smart speakers, digital auto dashes, tablets, wearables, smartphones, virtual assistants, TVs and gaming consoles; through its influencers; social; branded iconic live music events; and podcasts as the #1 commercial podcast publisher globally. iHeartMedia also leads the audio industry in analytics and attribution technology for its marketing partners, using data from its massive consumer base. iHeartMedia is a division of iHeartMedia, Inc. (PINK: IHRTQ). Visit iHeartMedia.com for more company information.
About the National Organizations for Youth Safety
NOYS was originally founded in 1995 as the Traffic Safety Collaboration supported by funding from government agencies, including the Department of Transportation. In 2005, NOYS became a 501(c)(3) organization and incorporated as National Organizations for Youth Safety. With over 100 organizational members – youth-serving nonprofits, businesses and government agencies, NOYS works collectively to address the most prevalent causes of injury and death among teens and young adults in the US. Learn more at www.NOYS.org.
About NHTSA
For more than four decades, the National Highway Traffic Safety Administration (NHTSA) has served as the key federal agency charged with improving safety on our nation’s roadways. As part of the U.S. Department of Transportation, NHTSA is working to reduce traffic-related deaths and injuries by promoting the use of safety belts and child safety seats; helping states and local communities address the threat of distracted, drunk and drug-impaired drivers; regulating safety standards and investigating safety defects in motor vehicles; establishing and enforcing fuel economy standards; conducting research on driver behavior and traffic safety; and providing consumer information on issues ranging from child passenger safety to impaired driving. For more information visit www.nhtsa.gov.
Media Contacts:
Julie Garner
The Martin Agency
804-698-8203
julie.garner@martinagency.com
Margaret Files
Ad Council
212-984-1953
mfiles@adcouncil.org
Jason D. King
Clear Channel Outdoor Americas
212-812-0064
jasondking@clearchannel.com
Isabella Diecidue
NOYS
240-998-1178
idiecidue@noys.org
Clear Channel Airports Wins 5-Year Renewal with Tallahassee International Airport (TLH) for Innovative Media Makeover
State-of-the Art Media Program Will Help Brands Engage with over 730K Passengers Annually as the Airport Paces for Record Growth in 2018
Tallahassee, FL – – Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor (CCO) (NYSE: CCO), and an indirect subsidiary of iHeartMedia Inc., today announced it was awarded a five-year contract expansion with Tallahassee International Airport (TLH). The new partnership began December 1, 2018 and media upgrades begin mid-March 2019. Clear Channel Airports has been the media provider for TLH since 1999.
Tallahassee International Airport has experienced a 12 percent year-over-year growth in passenger traffic, reaching over 730K. Its annualized passenger traffic has increased for seven consecutive months so far in 2018.
The airport was recently named the Commercial Service Airport of the Year by the Florida Department of Transportation and the Federal Aviation Administration delivered TLH a rare perfect score during the airport’s safety inspection. The airport is currently in the midst of a more than $50 million makeover to enhance the airport’s service level and efficiency, which includes an international passenger processing facility to enable flying abroad. The city is home to major industries including education, food processing, government, lumber and printing/publishing.
The new media network at TLH will create a captivating digital network for advertisers to connect and engage with leisure travelers, frequent business travelers and residents. The new digital walls at arrivals and baggage claim will be the first of its kind in an airport the size of TLH. Some of the key details of the new program are as follows:
- Two (2) LED video walls;
- Two (2) double-sided tension fabric displays;
- Four (4) single-sided tension fabric displays; and
- One (1) glass cling.
“As Florida’s capital continues strong economic growth, Tallahassee International Airport is increasingly becoming a strategic choice for brands to activate their advertising campaigns to reach the growing and diverse passenger traffic at the airport,” said Morten Gotterup, President, Clear Channel Airports. “We’ve been TLH’s advertising partner now for almost 20 years, and we look forward to working side by side with their dedicated team to implement a state of the art, cutting edge advertising network to help brands tell their stories in new and innovative ways.”
In addition, a recent Nielsen study shows airport advertising offers consumers a great opportunity to absorb and respond to brand messaging. According to the study, frequent flyers are highly responsive to airport advertising, with 80% noticing the media and 42% taking action that includes visiting a website, going to a store or learning more about a product/brand/service. Nineteen percent of frequent flyers bought a product they saw advertised at the airport. Additionally, airport campaigns are a significant driver of foot traffic, with 84% of frequent fliers likely to visit a restaurant, 50% likely to visit a clothing/accessories/jewelry store and 41% likely to visit a consumer electronics store.
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 270 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 Airports Wins 10-Year Partnership with San Diego International Airport (SAN) to Provide Innovative Media Solutions for Advertisers
Contract Includes Cutting-Edge Digital Media for Brands to Engage with More Than 22 Million Passengers Annually
San Diego, CA – Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor (CCO) (NYSE: CCO), an indirect subsidiary of iHeartMedia Inc., today announced it won a 10-year contract with San Diego International Airport (SAN) to provide brands with innovative advertising solutions. The new partnership began Nov. 1, 2018 and media upgrades begin mid-2019. Operated by the San Diego County Regional Airport Authority, SAN is experiencing record-breaking passenger traffic with double-digit passenger growth in the first half of 2018, bringing the airport’s annual passenger count to over 22 million.
“The San Diego County Regional Airport Authority is excited to launch this new partnership with Clear Channel Airports,” said Domenico D’Ambrosio, the Airport Authority’s Vice President of Marketing, Innovation and Chief Revenue Officer. “Together, we plan on creating a dynamic new program that will provide valuable forms of brand engagement and media exposure for our advertisers and community stakeholders. This partnership, along with others, will help deliver on our promise to everyone who comes through SAN that we are committed to creating an efficient, convenient and memorable customer journey and experience.”
Clear Channel Airports’ new partnership with SAN rounds out CCO’s significant advertising presence in the San Diego metropolitan area. In May, CCO announced it won a long-term contract with the San Diego Metropolitan Transit System (MTS). Clear Channel Outdoor currently reaches 99 percent of the San Diego designated marketing area (DMA) on a weekly basis with its Out-of-Home (OOH) assets including; bulletins, posters, buses and transit shelters.
“In today’s on-the-go society, advertisers and business owners want to reach the audiences that matter most to them, at the right time and in the right place throughout the increasingly complex consumer journey,” said Morten Gotterup. “Our presence in San Diego now completes a brand’s drive, walk, fly consumer engagement experience by offering them a 360 approach to connecting with audiences travelling to, and through, the market. We look forward to working with SAN to bring this opportunity to life for advertisers in an aesthetically pleasing way that creates an overall all first-impression worthy of the region.”
SAN is currently celebrating its 90th year of operation. And in 2017, the airport had a record-setting 22 million passengers and had a strong start in 2018, with traffic up 12.1% across the first half of 2018. San Diego was ranked the 30th Best City in the United States by U.S. News & World Report in 2018. The city is a growing tourist and convention destination as host to the iconic annual Comic-Con, and as such, SAN attracts an affluent and diverse set of passengers for brands to reach their target audiences with the new in-airport digital media network.
The new advertising solutions at SAN will create a unified terminal-wide network of assets which complement terminal aesthetics for advertisers to connect and engage with leisure travelers, frequent business travelers and local residents. It also provides flexibility through future terminal construction and expansions. Some key details of the new program include:
- Experiential and interactive media and sponsorship activations
- Energy-efficient, sustainable, environmentally conscious fixtures;
- Terminal-wide vertical digital LCD network; and
- A large-format digital LED arrivals network.
In addition, a recent Nielsen study shows airport advertising offers consumers a great opportunity to absorb and respond to brand messaging. According to the study, frequent flyers are highly responsive to airport advertising, with 80% noticing the media and 42% taking action that includes visiting a website, going to a store or learning more about a product/brand/service. Nineteen percent of frequent flyers bought a product they saw advertised at the airport. Additionally, airport campaigns are a significant driver of foot traffic, with 84% of frequent fliers likely to visit a restaurant, 50% likely to visit a clothing/accessories/jewelry store and 41% likely to visit a consumer electronics store.
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 270 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 Appoints Media Industry Veteran Kim Bradley as Regional President for the Midwest Region
Chicago, IL – Clear Channel Outdoor (CCO) (NYSE: CCO), an indirect subsidiary of iHeartMedia Inc., today announced it has hired Kim Bradley as Regional President for its Midwest Region, reporting to Gene Leehan, Executive Vice President and Senior Regional President, Clear Channel Outdoor. Ms. Bradley joins CCO from Comcast Spotlight and is based in Chicago, Illinois.
As the new Regional President for the Midwest Region, Bradley will provide leadership in all areas of branch operations including sales, marketing, real estate, public affairs, operations and finance in Chicago. In addition, CCO’s market leaders in Milwaukee and Minneapolis will report to her directly.
With over 30 years’ experience in revenue growth and profitability, strategic planning, designing high performance sales teams, using data insights for improved performance and building long-term client relationships, Bradley has demonstrated her expertise and leadership. Prior to joining CCO, Bradley held the position of Vice President, General Manager for Comcast Spotlight (Comcast Cable’s Advertising Division) with P&L responsibility for local, regional, national, digital and political sales. Her leadership included oversight of marketing, research, finance and creative services for a staff of 140 serving a diversified customer base of CEO, President, CMO, SVP/Strategy and business owners.
Prior to Comcast, she worked for The Tribune Company as Executive Director of Sales Development and was President of her own B2C/B2B consulting company: Bradley Marketing Group. She started her career with J. Walter Thompson in the Media Group as market specialist negotiator.
“This is a very exciting time to join the Out-of-Home (OOH) industry and I’m looking forward to working with the talented Midwest team and growing our presence as a leading provider of dynamic advertising solutions for brands,” said Bradley. “Clear Channel Outdoor has made its mark as a pioneer in the out of home industry by evolving its innovative advertising campaign tools that help brands optimize their OOH spend in measurable ways.”
“Kim is a dynamic sales leader who is focused on driving results while remaining passionate about mentoring and challenging her teams,” said Gene Leehan. “As one of our most successful regions, the Midwest team already spearheads some of Clear Channel Outdoor’s most significant client relationships, and we are confident that under Kim’s leadership we are well positioned to continue to grow our current client partnerships and expand our roster of new brands.”
Bradley is a graduate of the University of Illinois with a B.S. in Psychology and she’s completed advanced leadership programs from Women in Cable & Telecommunications (WICT) Betsy Magness Leadership Institute and Women in Leadership and Executive Leadership Forum at Comcast Cable.
Bradley has been on the Board of Directors and President of the Broadcast Advertising Club of Chicago, Rotary Club President of Lake Forest/Lake Bluff, Board Director and Marketing Chair for Starlight Children’s Foundation. She and her husband, Gary live in Lake Forest and have three sons.
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 more than 13,000 digital displays in international markets. More information is available http://www.clearchanneloutdoor.com and www.clearchannelinternational.com.
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Jason D. King
jasondking@clearchannel.com
212.812.0064
National League of Cities Honors Clear Channel Outdoor with “Service to Cities Award” for Transportation Infrastructure Support
Municipal Leaders Recognize Company’s Use of Digital Billboards to Raise Awareness of the Rebuild With Us Campaign
LOS ANGELES – The National League of Cities (NLC) presented the Service to Cities Award to Clear Channel Outdoor this past weekend for its outstanding contributions to cities across the nation. Through Clear Channel Outdoor’s support of NLC’s 2018 infrastructure campaign, Rebuild With Us, the company raised awareness of the country’s critical infrastructure gap and helped municipal governments fight for federal investment.
“From drinking water to workforce development, reliable infrastructure is critical to sustaining a thriving national economy. America’s growing infrastructure gap is the most pressing issue for our nation’s cities and towns,” said Clarence Anthony, CEO and executive director, National League of Cities (NLC). “We are fortunate to have a tremendous partner in Clear Channel Outdoor, who helped to raise awareness around this important topic.”
Awarded at NLC’s 2018 City Summit Conference in Los Angeles, the Service to Cities award is given to NLC partners who have demonstrated a strong commitment to building stronger, more innovative and resilient cities and towns.
“We’re honored to receive the Service to Cities award and contribute to our longtime partner’s efforts to address this critical issue through Rebuild With Us,” said Scott Wells, CEO, Clear Channel Outdoor Americas. “Rebuilding and investing in America’s infrastructure is essential to support the needs of a modern, innovative economy and the needs of our local communities. As a company committed to both, we understand the value and importance of safe roads and bridges and we’re proud to lend the power of our digital media to deliver this crucial message.”
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The National League of Cities (NLC) is dedicated to helping city leaders build better communities. NLC is a resource and advocate for 19,000 cities, towns and villages, representing more than 218 million Americans. www.nlc.org
Press Contact:
Meri St. Jean
Communications Specialist
National League of Cities
202-626-3167 | stjean@nlc.org
Clear Channel Outdoor’s Efforts Help the Patriot Education Fund Reach $500K Milestone
Four Illinois Veteran/Veteran Family Members Receive a 2018 Scholarship, Bringing the Total Awarded to 135 Scholarships Since 2011
November 8, 2018
Chicago, IL – The Patriot Education Fund, the organization that provides college scholarships, and mentoring to Illinois military families, and Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), an indirect subsidiary of iHeart Media Inc., today announced the Patriot Education Fund has reached a milestone of awarding $500,000 in scholarships to Illinois veterans and their families. Clear Channel Outdoor has been an active supporter of the Patriot Education Fund by donating digital out of home (DOOH) billboards annually to promote scholarships for military veterans. Four local Illinois residents were named as recipients of the Patriot Education Fund’s Clear Channel Outdoor scholarships for 2018.
The Patriot Education Fund provides financial and educational assistance to enlisted military veterans (E1 to E5) and their dependents. The organization bridges the unintended funding gaps created by the post 9/11 GI Bill, by providing financial support to individuals pursuing bachelor and associate degrees, accredited technical training diplomas and certified apprenticeship programs. With a 100 percent graduation rate since 2011, the Patriot Education Fund has underwritten135 scholarships with over $500,000 reinvested back into Illinois military families across the state.
A corporate partner to the Patriot Education Fund since 2013, Clear Channel Outdoor has donated complimentary digital out of home advertising from 2016-2018 throughout Northeast Illinois to promote scholarships for military veterans. The billboards ran creative on how to apply for a scholarship through the Patriot Education Fund in over 30 communities.
“We’re proud to support the mission of the Patriot Education Fund over the last five years,” said Ed Marcin, Vice President Public Affairs/Special Projects, Clear Channel Outdoor Chicago. “The Patriot Education Fund provides our local Illinois veterans and their families with access to the educational opportunities they need as they transition from service to our country into successful careers. We honor our veterans for their dedicated services and are so proud of our scholars as they continue to thrive as students and new professionals.”
“Thanks to key corporate partners like Clear Channel Outdoor, the Patriot Education Fund has raised over $500,000 to provide education benefits for veterans and their families,” said Dave Dahler, Chairman, Patriot Education Fund. “The Patriot Education Fund and Clear Channel Outdoor partnership has ensured that these American heroes will transition successfully into the private sector.”
“Clear Channel Outdoor has been extremely valuable from our inception by raising awareness of our mission and by making veterans aware of valuable scholarship opportunities,” said Mark Slaby, Founder, Patriot Education Fund. “Clear Channel has had a major factor in building awareness of our program and mission to support military families.”
2018 Patriot Education Fund Clear Channel Outdoor Scholarship Recipients
John Leonard Sims of Evergreen Park, Illinois, served as an Army Ranger and was deployed three times to Afghanistan and oversaw training of new Rangers as well as served as a medic. He is in his third semester of college pursuing a degree in Middle Eastern Affairs at Columbia University in New York and has a college GPA of 3.65. John wants to pursue a career with the FBI after college.
John Leonard Sims says: “While the GI Bill has enabled millions of veterans to obtain a college education, it unfortunately does not always cover the true cost of an education. This was a reality that I was faced with when I began attending Columbia University upon my separation from the United States Army. While many veterans must take out thousands of dollars in student loans, I am extremely fortunate in having received a scholarship from the Patriot Education Fund. The Patriot Education Fund is an incredible organization that is dedicated to helping veterans make their post military aspirations a reality. While many organizations claim this as their mission, the Patriot Education Fund is truly dedicated to it. The Patriot Education Fund provides a level of assistance to individual veterans that truly makes an impact on not only their day to day lives but on their futures as well. Since receiving the scholarship, I have been able to dedicate more of my attention to excelling in the classroom and far less time worrying about how I am going to pay for my education. This is all thanks to the Patriot Education Fund and the wonderful work that they are doing.”
Destiny Williams of Chicago, Illinois, is studying Early Childhood Education at Illinois State University and is a Dean’s List student (top 10%). Both of her parents are veterans, her father was deployed four times, and Destiny would like to become an educator of low-income students and eventually hopes to teach fellow military children.
Destiny Williams says: “I am so appreciative to have received the Patriot Education Scholarship. Ever since I won the scholarship I had more time to focus on my academics. Since I started my senior year this semester I have been struggling to find a job to help my dad pay my rent and pay for personal expenses like toiletries, gas money, and groceries. If it weren’t for the scholarship, trying to figure out how to pay for my tuition would have been an extra burden for my family and me. If I did not have this scholarship I might have come out of college with a lot of student loans. Since the salary in the field of education is not super great, the time it would have taken me to pay off the student loans would have been much longer and harder to complete, thus adding yet another burden for my parents and I to worry about. I am truly grateful to have been given the opportunity to receive this scholarship because I know there were a lot of people that applied for it.”
Josue Contreras of Chicago, Illinois, was an Army Combat Medic who was deployed two times. Josue saved for his education — but when Hurricane Maria hit Puerto Rico – he and his wife used all his savings to help his family members there. Josue is now a Chicago Public School middle school teacher working with students from low income backgrounds. Impacted by the immense gun violence in his hometown of Chicago, Josue changed his course of study from medicine to becoming a teacher because he saw impacting young people as the greatest need. He is working on his Master’s Degree in Dual Language Teacher Leadership at Roosevelt University having previously graduated summa cum laude from Northeastern Illinois University.
Josue says: “My wife saw the billboard advertisement at the Ogilvie train station. To be selected in itself is humbling and a great honor. I am beyond ecstatic that my financial security is squared away because of the Patriot Education Fund. Now I can just focus on working and getting my Master’s degree. You’re donating to a group of Americans who already have proven their worth in gold just simply by raising their right hand and saying that they will defend the Constitution of the United States. You’re investing in people who view America as worth dying for. That mission of serving their country doesn’t die when they get out of uniform. It’s still ingrained in them.”
Leah Staros of Glendale Heights, Illinois, is a 12 year veteran military spouse. Her husband had two deployments to Al Taqqadum, and completed eight years active duty and an additional four years as a reservist. Leah is working to fulfill her dream of becoming a nurse while being a mother and caregiver to a mom who’s in her early stages of dementia. Leah’s requirements outside the classroom make it difficult to fund her pursuit of higher education. The Patriot Education Fund has been “an answer to her prayers.” Her anticipated graduation is May 2019 from the Chamberlain School of Nursing.
Leah says: “I was really unsure how I was going to pay for my final classes as I am out of federal loan funding after this session. I am incredibly grateful for The Patriot Education Fund. The support of PEF has made my education possible. My scholarship is not only an investment in my future but my family’s well-being by lifting our financial burden. I followed my Marine around the world and had to put my education on hold until we settled somewhere long enough to complete my degree. Once we transitioned to the civilian life, financial barriers put my education on hold. PEF erased those barriers. I look forward to graduating with my nursing degree and serving my community!”
For more information on the Patriot Education Fund, please visit: http://www.patrioteducationfund.org/.
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 more than 13,000 digital displays in international markets. More information is available at www.clearchanneloutdoor.com and www.clearchannelinternational.com.
Follow & Like Us:
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Read our award-winning blog: http://blog.clearchanneloutdoor.com/
Press Contact:
Wendy Weatherford
wendyweatherford@clearchannel.com
212.812.0081
About The Patriot Education Fund
The mission of the Patriot Education Fund is to provide financial and educational assistance to enlisted military veterans (E1 to E5) and their dependents. We bridge the unintended funding gaps created by the post 9/11 GI Bill, by providing financial support to individuals pursuing: bachelor and associate degrees, accredited technical training diplomas, and certified apprenticeship programs. We focus our investments in those individuals and families who display financial need, while demonstrating the greatest promise that our investments in their lives will continue to benefit our country and community through their leadership. The Patriot Education Fund is recognized by the Internal Revenue Service as a tax-exempt, charitable organization under Section 501(c)(3) of the Internal Revenue Code. Contributions to the Patriot Education Fund are deductible under Section 170 of the Internal Revenue Code, and the Fund is qualified to receive tax deductible bequests, devises, transfers, or gifts under Sections 2055, 2106, or 2522 of the Internal Revenue Code.
Clear Channel Outdoor Holdings, Inc. Reports Results For 2018 Third Quarter
San Antonio, TX, November 8, 2018 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the third quarter ended September 30, 2018.
“In the third quarter we continued to combine sales execution with digital innovations across our Americas and International businesses, generating results for us and our advertising partners,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Our progress in making advanced data insights and programmatic central to our platform has opened up even more opportunities for marketers to create strategic moments of engagement with their audiences at scale. This is one of the reasons many of the world’s most respected brands, including top Internet media companies, appear on our out-of-home advertising displays.”
Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. said, “We have delivered another quarter of growth with both Americas and International contributing to revenue, operating income and OIBDAN increases in the third quarter. We continue to benefit from the success of our strategic initiatives while remaining committed to financial discipline.”
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. SETS DATE FOR 2018 THIRD QUARTER EARNINGS TELECONFERENCE
San Antonio, TX, October 25, 2018 —Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), will release 2018 third quarter results before the market opens on Thursday, November 8, 2018 by 7:00 a.m. Eastern Time 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 1-800-230-1074 (U.S. callers) and 1-612-288-0329 (International callers) and the access code for both is 455791. 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 455791. 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 43 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 more than 14,000 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
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