Clear Channel Outdoor Hldgs In Stock Price, News & Analysis

Clear Channel Outdoor Holdings (NYSE: CCO) has announced an agreement to sell its Brazil business to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for approximately R$80 million (US$14 million). The transaction, subject to regulatory approval and customary closing conditions, is expected to close in 2025.

The sale represents a strategic move as CCO continues to optimize its portfolio and focus on growing its America and Airports segments. Upon completion, CCO will have divested all of its Latin American businesses. The company plans to use the net proceeds to improve its liquidity position. Moelis & Company LLC served as the financial advisor for CCO's Latin American business sales.

Clear Channel Outdoor (CCO) and the United Service Organizations (USO) have launched a nationwide digital out-of-home media campaign for Military Appreciation Month in May 2025. The campaign, themed "It Starts With You," will be displayed on digital billboards across major markets and airports throughout the United States.

The initiative aims to encourage public support and gratitude for U.S. military service members and their families, highlighting that less than one percent of Americans serve in the military. The campaign emphasizes how individual actions can strengthen service members and their families, with the USO being uniquely positioned to reach service members globally through its programming.

Clear Channel Outdoor Holdings (NYSE: CCO) reported Q1 2025 results with consolidated revenue increasing 2.2% to $334.2M. The company's America segment revenue grew 1.8% to $254.2M, while Airports revenue rose 4.0% to $80.0M. Despite revenue growth, the company posted a net loss from continuing operations of $55.3M, though this was a 20.1% improvement from 2024. The company completed significant international divestitures, selling its Mexico, Peru, and Chile businesses for $34M and its Europe-North segment for $625M. CCO used proceeds to prepay $375M of debt and plans to continue debt reduction. The company maintained its full-year 2025 guidance, projecting consolidated revenue of $1.56-1.61B and improved its loss from continuing operations forecast to ($70M)-($60M).

Clear Channel Outdoor (NYSE: CCO) has announced a strategic partnership introducing large-scale moving out-of-home advertising displays in downtown Chicago via PRU's electric bus fleet. The initiative features a four-bus fleet equipped with state-of-the-art technology, including Wi-Fi, operating along Michigan Avenue and key business districts during peak hours.

The advertising displays target high-value business consumers across prominent locations including Millennium Park, Grant Park, and The Art Institute of Chicago. The service area, Chicago's third-largest DMA, hosts 15 Fortune 500 companies and boasts a significant demographic reach with 23,793 residential population and 284,083 daytime working population according to 2023 Census Estimates.

The partnership offers brands exclusive takeover campaigns on BYD's K9MD all-electric buses, providing unique advertising opportunities in areas with consumer reach options. CCO maintains its position as the exclusive media provider for O'Hare International and Midway airports, as well as Chicago's largest commuter hub at 500 W. Madison Transit Center.

Clear Channel Outdoor Holdings (NYSE: CCO) has scheduled its 2025 first quarter earnings release and conference call. The company will release Q1 2025 results on Thursday, May 1, 2025, before market opens at 7:00 a.m. Eastern Time.

A conference call to discuss the results will be held at 8:30 a.m. Eastern Time. Investors can join via phone at 866-424-3432 (US) or +1 215-268-9862 (international). A live audio webcast will be available on the company's investor relations website, along with earnings materials and reconciliations of non-GAAP to GAAP financial measures.

Clear Channel Outdoor Holdings (NYSE: CCO) has completed the sale of its Europe-North segment to Bauer Radio , a subsidiary of Bauer Media Group, for $625 million. The net cash proceeds received totaled $243 million after prepaying $375 million in CCIBV term loans plus $12 million in accrued interest.

The company plans to use the remaining proceeds to retire the most advantageous debt in its capital structure, aiming to reduce cash interest and increase AFFO. This transaction is part of broader international divestitures totaling $745 million in purchase consideration. CCO remains optimistic about divesting its businesses in Spain and Brazil, citing their strong performances in 2024.

Clear Channel Outdoor Holdings (NYSE: CCO) has announced receiving all required regulatory clearances and approvals for the sale of its Europe-North segment to Bauer Radio , a subsidiary of Bauer Media Group. The transaction's closing is now only pending the delivery of customary closing items by both parties as outlined in the share purchase agreement. The deal is expected to close on March 31, 2025.

Clear Channel Outdoor Americas (NYSE: CCO) has appointed Eric Hamme as president of its Chicago market, the third-largest media market in the U.S. Hamme, a 19-year advertising and sales veteran, will oversee all market operations including sales, marketing, real estate, public affairs, operations and finance.

During his seven-year tenure at CCOA, Hamme has specialized in leveraging technology, data, and out-of-home (OOH) media. The Chicago market reaches 92% of the DMA 18+ population weekly, including exclusive advertising contracts at Chicago Midway and O'Hare International Airports, with monthly passenger counts of 1.8 million and 6.7 million respectively.

Previously serving as regional director of sales for CCOA-Midwest, Hamme progressed through various roles including local sales manager for Milwaukee and vice president of sales. His prior experience includes positions at Hearst Television, FOX Sports, Milwaukee Bucks Inc., and Entercom Milwaukee.

Clear Channel Outdoor Holdings (NYSE: CCO) has announced its participation in Deutsche Bank's 33rd Annual Media, Internet & Telecom Conference. David Sailer, the company's Chief Financial Officer, will deliver a presentation on Tuesday, March 11, 2025, at 1:00 p.m. Eastern Time.

Investors and interested parties can access both the live audio webcast and its replay through Clear Channel Outdoor Holdings' investor website at https://investor.clearchannel.com/.