Welcome to our dedicated page for Clear Channel Outdoor Hldgs In SEC filings (Ticker: CCO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Clear Channel Outdoor Holdings, Inc. filings document material-event disclosures for an out-of-home advertising company with common stock listed on the New York Stock Exchange under CCO. Recent Form 8-K reports cover operating results, material definitive agreements, shareholder voting matters, governance updates and capital-structure disclosures.
The filing record includes supplemental indentures tied to senior secured notes due in 2030, 2031 and 2033, with subsidiary guarantor and collateral-agent arrangements. Other disclosures address executive employment and compensation arrangements, financial-result releases, registered equity-security information and governance matters affecting the company’s public-company reporting profile.
Clear Channel Outdoor Holdings agreed to be acquired by an investor consortium led by Mubadala Capital, in partnership with TWG Global, in an all-cash deal valuing the company at an enterprise value of $6.2 billion. Clear Channel shareholders will receive $2.43 per share in cash, a 71% premium to the unaffected share price of $1.42 on October 16, 2025. A newly formed entity, Madison Merger Sub Inc., will merge into Clear Channel, which will become a wholly owned subsidiary of Madison Parent Inc. The board of directors unanimously approved the merger and recommends that shareholders vote in favor of adopting the merger agreement.
The agreement includes a go-shop period through March 26, 2026, allowing Clear Channel to solicit superior offers, and contains mutual termination fees, including a $39.8 million company termination fee in certain scenarios and a $92.9 million parent termination fee. Financing is supported by up to $3.3 billion of committed equity and a $3.369 billion bridge loan. Certain holders of approximately 48% of outstanding shares have entered support agreements backing the deal. The transaction is expected to close by the end of the third quarter of 2026, subject to shareholder and regulatory approvals; Clear Channel’s stock will be delisted and the company will remain headquartered in San Antonio.
Clear Channel Outdoor Holdings extended Chief Executive Officer Scott R. Wells’s employment under a second amended and restated agreement effective January 1, 2026. The new term runs through January 1, 2030 and will automatically renew for additional four-year periods unless either party gives advance notice of non-renewal.
Under the agreement, Mr. Wells will receive an annual base salary of $1,200,000, a target annual performance bonus equal to 120% of base salary, and eligibility for annual equity grants with a target value of $4,000,000, with no grant’s fair value less than $2,000,000, subject to the company’s stock incentive plan. If his employment is terminated without cause, not renewed by the company, or he resigns for good reason, he is entitled to salary and bonus accruals plus severance benefits, including 18 months of base salary, bonus-related payments, a COBRA-related cash payment, and specified vesting treatment for time-based and performance stock units, conditioned on signing a release.
The agreement also includes perpetual confidentiality obligations and 12-month post-employment non-competition, non-solicitation and non-interference covenants.
Clear Channel Outdoor (CCO) filed its Q3 2025 10‑Q, showing higher sales but losses from continuing operations. Revenue grew to $405.6 million (up 8.1%), driven by the MTA roadside billboard contract, stronger Airports demand, and a 15.6% rise in digital revenue to $170.9 million (42.1% of total). Operating income rose to $80.7 million, offset by $101.1 million interest expense and a $43.8 million extinguishment loss tied to note redemptions, leading to a continuing-ops loss of $49.6 million.
Year-to-date, asset sales drove reported profitability: discontinued operations delivered $113.6 million, producing $11.9 million net income attributable to the company. The company sold Mexico/Peru/Chile for $34.0 million (gain $69.9 million), Europe‑North for $625.0 million (gain $66.2 million), agreed to sell Spain for about $134.9 million, and sold Brazil for about $15.0 million. Debt fell to $5.10 billion from $5.66 billion, aided by refinancing into new 7.125% 2031 and 7.500% 2033 secured notes and open‑market repurchases. Cash from operations was $58.6 million; investing provided $545.0 million on sale proceeds. Shares outstanding were 497,305,185 as of November 3, 2025.
Clear Channel Outdoor Holdings, Inc. filed a current report to note that it issued a press release with its financial results for the quarter ended September 30, 2025. The company furnished this press release as Exhibit 99.1, describing its recent operating performance. The information in this item and the exhibit is being treated as furnished rather than filed under the securities laws, which limits its use for certain liability and incorporation purposes.
The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 21,452,023 shares (4.31%) of Clear Channel Outdoor Holdings (CCO) as of 09/30/2025.
The filing lists 0 shares with sole voting power and 1,891,532 shares with shared voting power. Vanguard reports 19,287,587 shares with sole dispositive power and 2,164,436 shares with shared dispositive power. It is identified as an investment adviser (IA), and states the securities are held in the ordinary course of business, not to change or influence control.
Vanguard notes its clients have rights to dividends or sale proceeds related to these securities, and that no single other person’s interest exceeds five percent of the class.
Ares and affiliated entities report beneficial ownership of 41,197,491 shares of Clear Channel Outdoor Holdings, Inc. (Common Stock), representing 8.3% of the class based on 497,012,805 shares outstanding as of July 31, 2025. The Schedule 13D/A states the holdings are for investment purposes and that the Reporting Persons will continue to review their investment and may engage with management, other securityholders or third parties about strategic alternatives. The filing discloses that on September 9-10, 2025 the Reporting Persons disposed of an aggregate 14,631,555 shares (1,631,555 shares on September 9 at $1.386 and 13,000,000 shares on September 10 at a weighted average price of $1.1316). The statement lists the specific holdings by affiliated funds and describes the reporting group structure and voting relationships within the Ares organization.
Ares Management and related Ares Entities disclosed sales of Clear Channel Outdoor Holdings, Inc. (CCO) common stock on September 9-10, 2025. The filings show an aggregate sale of 14,631,555 shares: 1,631,555 shares sold on 09/09/2025 at $1.386 (weighted) and 13,000,000 shares sold on 09/10/2025 at a weighted average price of $1.1316. Beneficial ownership reported after the 09/09 transaction was 54,197,491 shares and after the 09/10 transaction was 41,197,491 shares. The report lists the specific Ares entities that hold shares and explains their ownership chain and shared beneficial ownership disclaimers. The Form 4s are signed by an authorized Ares signatory on 09/11/2025.
Ares Management and related entities reported sales of Clear Channel Outdoor Holdings, Inc. (CCO) common stock on September 9 and 10, 2025. The filing shows an aggregate sale of 14,631,555 shares: 1,631,555 shares sold on 09/09/2025 at a weighted price of $1.386 and 13,000,000 shares sold on 09/10/2025 at a weighted average price of $1.1316. Following the reported transactions, the Ares Entities collectively report beneficial ownership of 41,197,491 shares. The filing explains that those shares are held indirectly across multiple Ares-managed funds and provides a breakdown of shares by fund, including 8,722,544 shares held by ASSF IV AIV B Holdings and 19,332,427 shares held by ASOF Holdings I, among others. The report is signed by authorized signatories for the Ares entities.
Clear Channel Outdoor Holdings, Inc. is hosting an Investor Day on September 9, 2025, which can be accessed by live webcast through its investor relations website. The company plans to use this event to discuss its growth strategy and to present financial goals it has set for 2028.
In connection with the event, Clear Channel issued a press release reiterating its guidance for the full year 2025 that was previously discussed on its August 5, 2025 earnings call. The press release and an excerpt of the Investor Day slide presentation are being furnished as exhibits, and the full presentation is being made available on the company’s website.
Clear Channel Outdoor Holdings, Inc. announced that its wholly owned subsidiary Clear Channel International Holdings B.V. has signed a definitive agreement to sell the Company’s business in Spain to Atresmedia Corporación de Medios de Comunicación, S.A.
The expected purchase price is approximately USD 135 million, based on exchange rates on September 5, 2025, and is subject to customary adjustments. The transaction is expected to close by early 2026, upon satisfaction of regulatory approval. The terms were disclosed through a press release furnished as an exhibit.