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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 (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/.
Clear Channel Outdoor Holdings (NYSE: CCO) reported Q4 2024 financial results, highlighting record revenue in its America segment of $310.7 million, up 4.1% year-over-year. Airports revenue increased 4.3% to $116.0 million. Total consolidated revenue reached $426.7 million, a 2.6% increase.
The company announced significant strategic moves, including an agreement to sell its Europe-North segment to Bauer Media Group for $625 million and the completed sale of businesses in Mexico, Peru, and Chile for $20 million plus potential earn-out. The proceeds will be used to prepay debt and improve liquidity. CCO continues its sales process for remaining Latin American operations in Brazil and Spain.
Digital revenue showed strong performance, with America segment digital revenue up 7.6% to $122.7 million and Airports digital revenue increasing 1.5% to $74.1 million. The company operates over 61,800 advertising displays across 81 U.S. markets.
Clear Channel Outdoor Holdings (NYSE:CCO) has announced its participation in J.P. Morgan's 2025 Global Leveraged Finance Conference. CEO Scott Wells and CFO David Sailer will deliver a presentation on Tuesday, February 25, 2025, at 8:45 a.m. Eastern Time.
The presentation will be accessible through a live audio webcast on the company's investor website. A replay of the presentation will remain available at https://investor.clearchannel.com/ for 30 days following the event.
Clear Channel Outdoor Holdings (NYSE:CCO) has announced that CEO Scott Wells will be presenting at Morgan Stanley's Technology, Media & Telecom Conference. The presentation is scheduled for Tuesday, March 4, 2025, at 2:35 p.m. Pacific Time.
The company will provide access to both the live audio webcast and a replay of the presentation through their investor website at investor.clearchannel.com. This appearance represents an opportunity for investors and stakeholders to gain insights into the company's current position and future strategies.
Clear Channel Outdoor Holdings (NYSE: CCO) has completed the sale of its businesses in Mexico, Peru, and Chile to Global Media US (Global Vía Pública) in a simultaneous sign and close transaction. The deal is valued at $34 million Enterprise Value, with $20 million received in cash at closing and potential for an additional $1.25 million earn-out, subject to customary adjustments.
The company plans to use the net proceeds to improve its liquidity position. The transaction is part of CCO's strategy to optimize its portfolio and focus on growing its America and Airports segments while strengthening its balance sheet. The sales process for the remaining Latin American business in Brazil continues.
Starting with Q4 2024 results, the sold businesses will be reported as discontinued operations, with assets, liabilities, and results presented separately in the company's financial statements. Moelis & Company served as financial advisor for the Latin American businesses sale process.
Clear Channel Outdoor Holdings (NYSE: CCO) has scheduled its 2024 fourth quarter earnings release and conference call. The company will release its results on Monday, February 24, 2025, before market opens at 7:00 a.m. Eastern Time, followed by a conference call at 8:30 a.m. ET.
Investors can access the conference call via 866-424-3432 (US callers) or +1 215-268-9862 (international callers). A live audio webcast will be available on the company's website under the 'Events & Presentations' section. Earnings materials, including GAAP to non-GAAP reconciliations and other disclosures, will be accessible in the 'Financial Info' section by 7:00 a.m. ET. A replay of the webcast will be available after the live conference call.
Clear Channel Outdoor Holdings (NYSE: CCO) has secured a 10-year partnership extension with Huntsville-Madison County Airport Authority through a competitive RFP process, continuing their 35-year relationship that began in 1989. The agreement involves implementing new high-tech media at Huntsville International Airport (HSV), which serves 1.5 million annual passengers.
The upgrade coincides with HSV's multi-million-dollar terminal renovation project, 'HSV Refresh.' Clear Channel's new advertising network will include two large LED video walls with regional themed murals, an improved gate hold digital network, three four-sided digital columns in the arrivals departure area, new print assets, and reduced static displays. HSV, recently named the #1 Best Small Airport in the 2024 Newsweek Readers' Choice Awards, offers nonstop service to 14 destinations and serves as North Alabama's largest commercial airport.
Clear Channel Outdoor (NYSE: CCO) and Big Brothers Big Sisters of America have launched a national digital out-of-home media campaign for National Mentoring Month. The January campaign features BBBSA's newest cohort of women 'Game Changers,' influential leaders across various sectors working to create opportunities for youth, particularly girls and young women.
The initiative responds to concerning CDC data showing 3 in 5 teen girls face significant mental health challenges, and the 2023 ROX Survey indicating declining confidence levels among adolescent girls compared to boys. The campaign showcases fifteen prominent women leaders, including executives from Goldman Sachs, NFL, NASDAQ, and other major organizations.
This follows the 2023 inaugural 'Game Changers' group, which focused on encouraging Black men to become mentors. The campaign leverages CCO's digital billboard network to promote mentorship and drive volunteer engagement, building on the partnership's mission to create positive community impact through mentorship programs.
Clear Channel Outdoor Holdings (NYSE: CCO) has announced a definitive agreement to sell its Europe-North segment to Bauer Radio , a subsidiary of Bauer Media Group, for $625 million. The all-cash transaction, representing approximately 6.5x Europe-North segment results for the twelve months ended September 30, 2024, is expected to close in 2025 pending regulatory approvals.
The company plans to use the net proceeds to prepay the outstanding CCIBV term loans of $375 million plus accrued interest. This strategic move aligns with CCO's plan to optimize its portfolio and focus on growing its America and Airports segments, aiming to improve cash flow and reduce leverage.
Starting with Q4 2024 results, the Europe-North segment will be reported as discontinued operations, with assets, liabilities, and results presented separately in financial statements. The company engaged Moelis & Company and Deutsche Bank Securities Inc. as financial advisors for the transaction.
Clear Channel Outdoor (NYSE: CCO) has secured a 10-year contract to continue its advertising and sponsorship program at Detroit Metropolitan Wayne County Airport (DTW). This partnership, ongoing since 2003, was extended through a competitive RFP process. The new contract includes local subcontractors Chandler Campbell & Daschle, Bayview Electric, and McConnell Communications. Clear Channel will integrate upgraded digital display technology to enhance brand exposure to over 31 million annual travelers. The program will feature high-impact printed and digital displays, unique sponsorships, and experiential activations, including premier exposure by the McNamara Terminal's iconic water feature. Current DTW advertisers include Michigan Medicine and Michigan State University. The new network aims to connect brands with a geographically diverse and upscale audience, particularly frequent flyers who hold influential roles. Morten Gotterup, president of Clear Channel Outdoor's Airports Division, expressed excitement for the continued partnership.