Welcome to our dedicated page for Clear Channel Outdoor Holdings news (Ticker: CCO), a resource for investors and traders seeking the latest updates and insights on Clear Channel Outdoor Holdings stock.
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.
Clear Channel Outdoor (CCO) announced its Q4 2020 financial results, showing a 25.3% revenue decline in the Americas, totaling $257.8 million, and a 17.9% dip in Europe, at $268.4 million. Adjusted EBITDA fell 35.4% and 43.2% respectively. The resurgence of COVID-19 impacted mobility and advertising, leading to lower revenues. The company emphasized its digital transformation and cost-cutting measures to enhance liquidity, reporting $785.3 million cash on hand. Guidance for Q1 2021 indicates further revenue declines due to ongoing pandemic effects.
Clear Channel Outdoor Holdings (NYSE: CCO) will present at the J.P. Morgan Global High Yield and Leveraged Finance Conference on March 3, 2021, at 8:30 a.m. ET. The session will include insights from CEO William Eccleshare, CFO Brian Coleman, and Scott Wells, CEO of Clear Channel Outdoor Americas. A live audio webcast will be accessible on their investor website and will be available for replay for 30 days. Clear Channel Outdoor, a leader in outdoor advertising, operates about 500,000 displays globally, including over 16,000 digital displays.
Clear Channel Outdoor Holdings (NYSE: CCO) will participate in a Q&A session at the Deutsche Bank Media, Internet and Telecom Conference on March 8, 2021, at 9:00 a.m. ET. CEO William Eccleshare and CFO Brian Coleman, along with Scott Wells, CEO of Clear Channel Outdoor Americas, will be featured. A live audio webcast will be available on the company’s investor website and can be replayed for 30 days. Known for its extensive portfolio of about 500,000 displays globally, Clear Channel is a leader in outdoor advertising.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO Scott Wells will participate in a Q&A session at the Morgan Stanley Media and Telecom Conference on March 1, 2021, at 3:30 p.m. ET. The session will be accessible via a live audio webcast on their investor website, with a replay available for 30 days. Clear Channel is a leading outdoor advertising company with around 500,000 displays across 31 countries, including over 16,000 digital displays internationally and more than 2,000 in the U.S. alone.
Clear Channel Outdoor Holdings has announced a $1 billion offering of 7.750% Senior Notes due 2028. The issuance is expected to close on February 17, 2021. Proceeds will be used to redeem $940 million of existing 9.25% Senior Notes due 2024 and cover related fees. The Notes will rank equally with all current senior debt but will be subordinated to secured debts. The offering is targeted at qualified institutional buyers and will not be registered under the Securities Act.
Clear Channel Outdoor Holdings announced a private offering of $1 billion in Senior Notes due 2028, intended to refinance existing debt by redeeming $940 million of its 9.25% Senior Notes due 2024. The offering is exempt from registration under the Securities Act, targeting qualified institutional buyers and non-U.S. investors. The Notes will be guaranteed by certain subsidiaries but will rank subordinate to existing secured debt. The company warns that various risks may affect the offering's consummation and terms.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its 2020 fourth quarter and full year results on February 25, 2021, before market opens. A conference call is scheduled for 8:30 a.m. ET to discuss these results, with a live audio webcast accessible on their website. The company's portfolio includes approximately 500,000 displays globally, employing around 5,100 people. Key insights and reconciliations related to financial metrics will be available on their financial section post-release.
Clear Channel Outdoor Americas (CCOA) has launched a partnership with Bombora to enhance its RADARView audience planning solution, allowing brands to target B2B decision-makers effectively. This integration provides advertisers with insights into over 100 B2B audience segments and how CCOA's displays impact these groups. As businesses adapt to pandemic-induced changes, the solution enables precise targeting for brands looking to reach key business audiences, including C-level executives and small business owners, throughout their daily routines.
Clear Channel Outdoor Americas (CCO) announced a partnership with No Kid Hungry to launch a nationwide digital billboard campaign aimed at addressing childhood hunger during the holiday season. This initiative, running through the end of the year, promotes local meal resources and aims to reach tens of millions of viewers. With nearly one in four children facing food insecurity exacerbated by the pandemic, the campaign highlights available assistance in both English and Spanish across 1,400 digital billboards.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that its executive team, including CEO William Eccleshare, CFO Brian Coleman, and Scott Wells, CEO of Clear Channel Outdoor Americas, will participate in a Q&A session at the Wells Fargo TMT Summit on December 2, 2020, at 10:40 a.m. ET. A live audio webcast will be available on their investor website, with a 30-day replay option. As a leading outdoor advertising firm, CCO operates approximately 500,000 displays globally, including over 16,000 digital displays.