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Clear Channel Outdoor Holdings, Inc. reports developments in out-of-home advertising across printed and digital displays, roadside billboards, street furniture and airport media. The company sells advertising placements through a portfolio that includes U.S. roadside assets, airport displays and other markets, with recurring updates tied to digital billboard expansion, data analytics, programmatic buying and campaign measurement.
Company news also covers airport advertising contracts, brand and content partnerships for digital screen networks, research on creative quality and campaign performance, operating and financial results, shareholder matters and capital-structure actions.
Hivestack has partnered with Clear Channel Outdoor Americas (CCOA), allowing advertisers to purchase programmatic digital out-of-home (DOOH) inventory. This collaboration enables CCOA to leverage the Hivestack SSP and Ad Exchange for programmatic buying, expanding its nationwide reach to over 100 million people monthly through digital billboards, airport media, and more. The partnership aims to enhance programmatic revenue opportunities for CCOA while providing marketers with advanced data-driven solutions to target audiences effectively.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that 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 Communacopia Conference on September 21, 2021, at 12:25 p.m. ET. The session will be available via a live audio webcast on the company's investor website, with a replay option for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays across 27 countries, including more than 17,000 digital displays globally.
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.