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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.
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.