Welcome to our dedicated page for Clear Channel Outdoor Hldgs In news (Ticker: CCO), a resource for investors and traders seeking the latest updates and insights on Clear Channel Outdoor Hldgs In stock.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) generates news as an out-of-home advertising company focused on digital displays, airport media and roadside billboards. Company news often highlights how its dynamic advertising platform combines digital billboards, data analytics and programmatic capabilities to deliver measurable campaigns for advertisers.
News updates for CCO include announcements about airport advertising contracts and media transformations. For example, the company’s Airports Division has reported new and extended agreements, such as an eight-year partnership to develop a digitally driven media network at Hollywood-Burbank Airport and a long-term contract renewal with the Metropolitan Washington Airports Authority covering Reagan National and Dulles airports, with plans to increase digital coverage and introduce new digital formats.
Investors and industry followers can also find earnings-related press releases, such as quarterly results that discuss revenue trends in the America and Airports segments, digital revenue performance and updates on the company’s growth strategy. Additional coverage includes financing activities, such as private offerings of senior secured notes and debt repurchase updates, which the company describes in detail through its communications and SEC filings.
Clear Channel Outdoor’s news flow also features collaborations with nonprofit and community organizations that use its media network for public service and awareness campaigns. Recent examples include partnerships with The King Center, Blood Cancer United and the Afterschool Alliance, where CCO’s digital billboards and other displays are used to amplify messages around civil rights, health and education. For ongoing information about CCO’s contracts, financial disclosures, partnerships and corporate events, this news page aggregates the latest company-issued updates.
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.
Clear Channel Outdoor Holdings (NYSE: CCO) announced an upsized offering of $375 million in 6.625% Senior Secured Notes due 2025, increasing by $25 million from previous amounts. The offering is expected to close on August 4, 2020. Proceeds will be used to repay a $54.9 million promissory note and for general corporate purposes, including operating expenses and capital expenditures. The notes will be secured by the capital stock and bank accounts of Clear Channel International and its subsidiaries.
Clear Channel Outdoor Holdings (NYSE: CCO) announced a proposed private offering of $350 million in Senior Secured Notes due 2025 by its subsidiary, Clear Channel International B.V. The offering aims to secure funds to repay existing debt and support corporate purposes, including operating expenses. The notes will be secured by certain assets and are offered to qualified institutional buyers, exempt from registration. Clear Channel plans to use around $54.9 million of the net proceeds for a full repayment of a promissory note and other corporate needs.
Clear Channel Outdoor (NYSE: CCO) has announced a partnership with Place Exchange, enhancing programmatic buying capabilities for digital media buyers. This integration allows seamless access to CCO's digital Out-Of-Home (DOOH) displays via leading Demand-Side Platforms (DSPs) like The Trade Desk and Roku's OneView. The collaboration aims to cater to evolving consumer travel patterns, providing marketers with tools to buy and measure DOOH media efficiently. CCO reaches over 100 million people monthly, strengthening its position in the growing digital advertising landscape.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will announce its 2020 Q2 results on August 7, 2020, before market opening, followed by a conference call at 8:30 a.m. Eastern Time. The call can be accessed at 877-665-6356 (U.S.) and 270-215-9897 (International), with access code 2242499. A live webcast will be available on the company's website and a replay will follow for thirty days. Clear Channel is a major outdoor advertising company with approximately 570,000 displays globally, including over 16,000 digital displays.
Clear Channel Outdoor Holdings (NYSE: CCO) announced on July 1, 2020, that it has regained compliance with the NYSE's continued listing standards. This follows a prior notice from the NYSE on April 10, 2020, indicating non-compliance due to an average stock price below $1.00 over a 30-day period. The company achieved compliance after its average closing price exceeded the minimum requirement by June 30, 2020. Clear Channel operates one of the largest outdoor advertising networks globally, featuring over 570,000 displays across various regions, reaching millions monthly.
Clear Channel Outdoor Americas (CCO) announced a month-long digital billboard campaign in Texas to raise awareness for missing children. The campaign highlights four cases in Houston, San Antonio, Dallas, and El Paso, featuring photos and details of the children, generating millions of daily impressions. As of 2019, Texas reported over 42,000 missing children. Previous similar campaigns have successfully led to recoveries. This initiative reinforces the partnership between CCO and Texas Center for the Missing to address the issue of missing juveniles in the state.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) has amended its credit agreement to navigate challenges due to COVID-19. The amendment suspends the first lien net leverage ratio covenant from Q3 2020 to Q2 2021, delaying the stepdown from 7.60:1 to 7.10:1 until Q1 2022. The company must maintain a minimum liquidity of $150 million during this period and refrain from certain payments. This strategic move aims to ensure compliance with its Revolving Credit Facility amidst declining advertising demand globally.