Clear Channel Outdoor Hldgs In Stock Price, News & Analysis

Clear Channel Outdoor (CCO) has partnered with Foursquare to enhance campaign performance metrics for digital out-of-home (DOOH) advertising. This collaboration integrates Foursquare Attribution with CCO's RADARProof®, enabling brands to receive daily updates on impressions, conversions, and offline visitation. The partnership aims to provide actionable insights and facilitate in-flight ad optimizations, allowing advertisers to measure performance across various channels effectively. This move signifies a significant advancement in DOOH measurement and attribution, enabling brands to adapt strategies in real-time.

Clear Channel Outdoor Holdings reported strong Q2 2021 results, with revenues rising 36% in the Americas to $271.6 million and 130.2% in Europe to $247.1 million. Segment Adjusted EBITDA surged 170.6% to $127.2 million in the Americas. The company anticipates continued revenue growth, with expectations of $315-$325 million in the Americas for Q3 2021. William Eccleshare will transition to Executive Vice Chairman, while Scott Wells becomes CEO on January 1, 2022.

Despite positive momentum, restructuring and pandemic impacts may affect future guidance.

On July 12, 2021, the National Summer Learning Association (NSLA) launched National Summer Learning Week with a campaign on Clear Channel Outdoor's digital billboards, featuring the Game Builder Garage game for Nintendo Switch. This initiative aims to promote summer learning and provide families with resources via DiscoverSummer.org, especially important after the challenges of the pandemic. Clear Channel Outdoor supports this cause by running messages across 2,000 digital displays. The partnership focuses on educational equity to enhance learning opportunities for vulnerable children.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its second quarter 2021 results on July 29, 2021, at 7:00 a.m. ET, prior to market opening. A conference call to discuss these results will follow at 8:30 a.m. ET. Interested participants can join by calling 877-665-6356 (U.S.) or 270-215-9897 (International), using access code 2397443. A live audio webcast will also be available on the company's website. Clear Channel Outdoor is a leading outdoor advertising firm with a portfolio of over 500,000 displays across 31 countries, emphasizing its expanding digital platform.

Clear Channel Outdoor (CCO) launched a billboard campaign supporting the '1MBB' initiative in partnership with Operation HOPE, aiming to build one million Black-owned businesses. The campaign, active since April, highlights the need for resources and guidance to bridge the gap for Black business owners, who have seen a 40% decline due to the pandemic. Currently, there are 2.6 million Black-owned businesses in the U.S., but 96% lack employees. Operation HOPE offers coaching and technical assistance to empower new and existing entrepreneurs.

Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells and CFO Brian Coleman will participate in a Q&A session at the Cowen Technology, Media, and Telecom Conference on June 3, 2021, at 11:10 a.m. Eastern Time. The session will be available via live audio webcast on Clear Channel Outdoor's investor website and can be replayed for 30 days. Clear Channel Outdoor is a leading outdoor advertising firm with over 500,000 displays across 31 countries, including 17,000 digital displays, reaching millions globally.

Clear Channel Outdoor Americas (CCO) has launched a month-long digital billboard campaign across Texas to raise awareness of four missing children’s cases. The initiative coincides with National Missing Kids Day and aims to highlight the plight of 37,023 missing children reported in 2020 in Texas. Each child's image will be displayed on digital billboards 1,250 times daily, generating millions of impressions. Previous campaigns have successfully contributed to locating missing teens in San Antonio and Houston. This public service campaign is provided at no cost in collaboration with the Texas Center for the Missing.

Clear Channel Outdoor Holdings (NYSE: CCO) announced a pricing of an offering totaling $1,050,000,000 in 7.500% Senior Notes due 2029. The issuance is set to finalize on June 1, 2021, subject to customary conditions. Proceeds will be used to redeem $961,525,000 of 9.25% Senior Notes due 2024 and cover related transaction expenses. The Notes will be guaranteed by certain subsidiaries and are offered under Rule 144A exemptions. The company cautions that forward-looking statements are subject to risks and uncertainties, including the consummation of the Offering.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced a proposed private offering of $1,050,000,000 in Senior Notes due 2029, exempt from registration under the Securities Act. The Notes will be guaranteed by certain domestic subsidiaries and will rank equally with the company's existing senior debt. Proceeds will be used to redeem $961,525,000 of 9.25% Senior Notes due 2024 and cover related expenses. The offering targets qualified institutional buyers under Rule 144A and complies with Regulation S for international investors.