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 (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/.
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.