Clear Channel Outdoor Hldgs In Stock Price, News & Analysis

On October 23, 2020, Clear Channel Airports (CCA), the airport advertising division of Clear Channel Outdoor Holdings (NYSE: CCO), announced a pioneering rollout of a new audience impressions methodology. Developed by Geopath, this system enhances advertisers' understanding of consumer behavior within airports, moving beyond basic passenger counts. The new methodology demonstrates that airport advertising campaigns could deliver impressions up to 8x higher than previously estimated. This initiative aims to provide greater transparency and effectiveness in advertising campaigns as travel gradually increases.

Clear Channel Outdoor (NYSE: CCO), in collaboration with Afterschool Alliance and other organizations, has launched a nationwide campaign featuring over 1,000 digital billboards to celebrate the Lights On Afterschool event. This campaign highlights the vital role of afterschool programs during the pandemic, which now serve 10.2 million students, amid a significant unmet demand. The rally aims to raise awareness of the importance of these programs in enhancing education, safety, and community engagement, especially for underserved communities.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is set to announce its 2020 third quarter earnings before the market opens on November 9, 2020, at 7:00 a.m. Eastern Time. A conference call will follow at 8:30 a.m. to discuss the results. Investors can access the call by dialing 877-665-6356 for U.S. callers or 270-215-9897 for international callers, with the access code 8978255. A live audio webcast will also be available on the company’s website, and replays will be accessible for 30 days after the call.

Clear Channel Outdoor Holdings (NYSE: CCO) announced that its Worldwide CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells will participate in a Q&A session at the Goldman Sachs 29th Annual Communacopia Conference on September 17, 2019, at 10:30 a.m. ET.

A live audio webcast will be accessible on the company's investor website for 30 days after the event. Clear Channel Outdoor is a leading outdoor advertising firm with approximately 510,000 displays worldwide, including 15,000 digital displays.

On September 2, 2020, Clear Channel Outdoor Holdings (NYSE: CCO) announced that it has regained compliance with the NYSE's listing standards. This follows a notification received on August 4, 2020, regarding non-compliance due to the stock trading below $1.00 per share for a consecutive 30-day period. As of August 31, 2020, CCO's average closing price exceeded the $1.00 requirement, allowing the company to meet NYSE standards once again.

Clear Channel Outdoor (CCO) announced a partnership with Tremor Video, enhancing their out-of-home (OOH) advertising by integrating video ads across all screens. This collaboration aims to boost brand engagement through targeted video content, utilizing CCO's RADARConnect® technology. The partnership emerges amid changing consumer behaviors due to COVID-19, allowing brands to connect more effectively with audiences during their journeys. Enhanced reporting metrics from RADAR will enable brands to optimize future campaigns, improving performance in a recovering economy.

Clear Channel Outdoor (CCO) has partnered with Arrivalist to enhance tourism-based advertising through geo-location insights. This collaboration has resulted in a remarkable 66% average increase in visits to a theme park from consumers exposed to their Out-of-Home (OOH) ads. Notably, 36% of these consumers visited the park for the day, while 64% made overnight stays. CCO's RADARProof® solution offers detailed consumer analytics, aiding hospitality brands in effectively reaching potential visitors and navigating the post-COVID landscape.

Clear Channel Outdoor Holdings (CCO) reported substantial financial declines for Q2 2020, with revenue falling 39% in the Americas and 63% in Europe year-over-year due to COVID-19. To bolster liquidity, the company enacted over $125 million in cost savings and raised $375 million from secured notes and $253 million from selling Clear Media. While some recovery is noted with improving mobility and sequential growth in bookings, current levels are still below historical norms. The company remains cautious about future recovery amid ongoing uncertainties.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) received a notice from the NYSE on August 4, 2020, regarding non-compliance with continued listing standards due to its stock price falling below $1.00 for 30 consecutive trading days. The company has six months to regain compliance, potentially through a reverse stock split, subject to board and shareholder approval. If compliance is not achieved within this period, delisting may occur. This notice does not affect operational business nor reporting obligations with the SEC.