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Clear Channel Outdoor Holdings Inc

Clear Channel Outdoor Holdings Inc (CCO)

Closed June 15 4:00PM
After Hours: 5:23PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
1.35 Day's Range 1.39
1.04 52 Week Range 2.055
Market Cap
Previous Close
Last Trade
Last Trade Time
Financial Volume
$ 2,086,790
Average Volume (3m)
Shares Outstanding
Dividend Yield
PE Ratio
Earnings Per Share (EPS)
Net Profit

About Clear Channel Outdoor Holdings Inc

Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable se... Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America's outdoor advertising and International outdoor advertising. The company generates most of its revenue from America's outdoor advertising. Show more

Advertising, Nec
Advertising, Nec
Wilmington, Delaware, USA
Clear Channel Outdoor Holdings Inc is listed in the Advertising sector of the New York Stock Exchange with ticker CCO. The last closing price for Clear Channel Outdoor was $1.39. Over the last year, Clear Channel Outdoor shares have traded in a share price range of $ 1.04 to $ 2.055.

Clear Channel Outdoor currently has 483,720,129 shares outstanding. The market capitalization of Clear Channel Outdoor is $662.70 million. Clear Channel Outdoor has a price to earnings ratio (PE ratio) of -2.13.

CCO Latest News

Gabelli Funds to Host 16th Annual Media & Entertainment Symposium Thursday, June 6, 2024

GREENWICH, Conn., June 03, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024...

Cameco finalise un placement de débentures de 500 millions de dollars

NE PAS DISTRIBUER AUX ÉTATS-UNIS NI DIFFUSER PAR L'ENTREMISE DES SERVICES DE PRESSE OU D'INFORMATION DES ÉTATS-UNIS Tous les montants sont exprimés en dollars canadiens, sauf indication contraire...

Cameco annonce un placement privé de 500 millions de dollars de débentures

Tous les montants sont exprimés en dollars canadiens, sauf indication contraire NE PAS DISTRIBUER AUX ÉTATS-UNIS NI DIFFUSER PAR L'ENTREMISE DES SERVICES DE PRESSE OU D'INFORMATION DES ÉTATS-UNIS...

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CCO Discussion

View Posts
Monroe1 Monroe1 10 months ago
10 K out. Sorry, can't read the attachment files.
AJ Freely AJ Freely 11 months ago
$CCO - Secures 10-Year Partnership with City of Austin to Remaster Advertising and Sponsorship Opportunities at Austin-Bergstrom International Airport (AUS)
Up 8.4% Pre-Market/ Current Price $1.60
Jtmathis42 Jtmathis42 11 months ago
Let's goooo!!!! Big close big close baby!!
Jtmathis42 Jtmathis42 11 months ago
Where is the filings? Where is the latest 10k. What has happened with ad space in San Jose. This ticker looks primed for a jump but it also looks like a penny stock scam
starbuxsux starbuxsux 1 year ago
And what would be the catalyst for a 50% increase in price?
BeachBum BeachBum 1 year ago
Nice close for CCO. Hopefully see it back to $1.80 next week.
TrendTrade2016 TrendTrade2016 2 years ago
The next big valuation play
starbuxsux starbuxsux 2 years ago
TommyBoyTrader9460 TommyBoyTrader9460 2 years ago
$CCO Post Masters Telegram Room continues to keep this on watch.— Tommy Boy Trader (@QuabbinR) February 21, 2022
RR67 RR67 3 years ago
Still waiting
starbuxsux starbuxsux 3 years ago
$1.875 +0.315 (+20.19%)
Volume 5,433,771
starbuxsux starbuxsux 3 years ago
$1.795 +0.235 (+15.06%)

Real-time quote: Jan 20, 2021, 2:01 PM ET
realfast95 realfast95 4 years ago
CCO Clear Channel ... Morgan Stanley Maintains Equal-Weight 1.10 1.50
realfast95 realfast95 4 years ago

Clear Channel Outdoor Q3 Sales $447.50M Beat $413.87M Estimate

Clear Channel Outdoor 3Q Loss $135.9M >CCO
realfast95 realfast95 4 years ago
11/2/2020 Morgan Stanley Initiated Coverage Equal Weight $1.10
KeepitGreen KeepitGreen 4 years ago
‘It looks like a free for all’: Dozens of electronic billboards may soon line San Jose freeways (home to Google, Apple, Netflix, Facebook, etc.)

In its latest step toward dismantling a decades-long ban on new billboards, San Jose, Ca. will consider allowing up to 90 new digital billboards on private property as well as some smaller signs on public land.

“We actually have the opportunity to get rid of a lot of blight and old signage and make room for something that will really benefit the community,” Councilman Raul Peralez, who has been working on amending the city’s sign ordinance for nearly five years, said in a recent interview.

The environmental impact report evaluating the impacts of the changes to the city’s sign ordinance is expected to be completed sometime this fall.
realfast95 realfast95 4 years ago
6:51pm wth

Clear Channel Airports Wins Largest U.S. Airport Advertising Contract with Port Authority of New York & New Jersey to Transfo...
October 29 2020 - 06:51PM
PR Newswire (US)
Share On Facebook

NEW YORK, Oct. 29, 2020 /PRNewswire/ -- Clear Channel Airports (CCA), the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), and one of the nation's leading airport media providers, announced today the Port Authority of New York and New Jersey (PANYNJ) awarded it the largest airport advertising and sponsorship contract in the U.S. The 12-year deal will see Clear Channel Airports reimagine the media program with new digital displays and sponsorship opportunities for brands at the coveted PANYNJ airports, including; John F. Kennedy International (JFK), LaGuardia (LGA), Newark Liberty International (EWR) and New York Stewart International (SWF) Airports.

Contingent upon execution by both parties, which we expect to occur in mid-November, CCA anticipates the new contract will go into effect December 30, 2020, and the advertising platform transformation will begin with EWR's Terminal One redevelopment project and in conjunction with new LGA facilities. CCA plans to modernize the entire advertising program across PANYNJ airports with a proposed 95% of the overall investment going into highly impactful digital media. These world-class airports represent major travel hubs that historically welcomed over 140 million passengers annually, providing attractive opportunities for brands to reach valuable international, business and leisure travelers throughout the greater metropolitan region.

Moreover, in addition to modernizing the passenger and brand experience at PANYNJ, the partners aligned their interests with contract terms that set the stage for both parties to achieve their goals under the current conditions and for years to come and could become the new industry model. The deal contains a two-year transition period to account for the impact of COVID-19 and the traffic recovery at Port Authority facilities. The actual MAG due each year, as well as capex spend, after the two-year transition period will be dependent upon passenger traffic at JFK, EWR, LGA and SWF.

"We are confident in the audiences these world-class airports will deliver to our advertising partners over the longer-term as business and leisure travel ramps," said Scott Wells, CEO, Clear Channel Outdoor Americas (CCOA). "The PANYNJ airports are gateways to the world, and, as the region recovers, we believe our team is best suited to lead this historical transformation that will reimagine and modernize the brand experience for travelers. We believe this contract is a win-win for both organizations and provides an innovative approach to large-scale transit media deals against the backdrop of a difficult current reality."

"These contracts advance two key priorities for the Port Authority: increased ad revenue and significant investment in modern digital infrastructure at our facilities," said Rick Cotton, Executive Director of the Port Authority of New York and New Jersey. "Moving forward, these contracts will enable the Port Authority to better sell advertising rights to generate hundreds of millions of dollars in revenue, while travelers will benefit from the latest in digital display technology that allows for real-time alerts."

With the addition of these high-value, marquee airport assets, CCOA will have one of the greater metropolitan region's most extensive Out-of-Home (OOH) advertising networks. As a result, brands will have the unique "one-stop-shop" ability to execute campaigns that reach consumers as they "drive, walk or fly" throughout the NY/NJ metro area including all major airports, highly desirable suburbs, major arterial roadways and the boroughs of New York City.

Additionally, we anticipate the new partnership will offer brands the OOH industry's most comprehensive audience targeting and measurement solutions available to help them optimize their OOH spend: CCO RADAR®. This includes access to the new industry standard audience impressions methodology from Geopath. Through this data integration, CCA has brought to bear, for brands in airports, the only OOH third-party validated impressions currency which factors in a travelers' movements through an airport, time spent in an airport and opportunity to see and consume advertising in an airport.
Michael TRed Michael TRed 4 years ago
Easy double up. Get ready
whytestocks whytestocks 4 years ago
BREAKING NEWS: $CCO Clear Channel Outdoor Holdings, Inc. To Participate In The Goldman Sachs Communacopia Conference

SAN ANTONIO , Sept. 11, 2020 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE:CCO) announced today that William Eccleshare , Worldwide CEO of Clear Channel Outdoor Holdings, Inc., Brian Coleman , CFO of Clear Channel Outdoor Holdings, Inc. and Scott Wells , CEO of Clear Chan...

In case you are interested CCO - Clear Channel Outdoor Holdings, Inc. To Participate In The Goldman Sachs Communacopia Conference
realfast95 realfast95 4 years ago

Clear Channel Outdoor Holdings, Inc. Regains Compliance With NYSE Minimum Price Listing Standard
September 02 2020 - 06:55AM

SAN ANTONIO, Sept. 2, 2020 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that on September 1, 2020, the Company was notified by the New York Stock Exchange ("NYSE") that the Company had regained compliance with the NYSE's continued listing standards.

As previously disclosed, on August 4, 2020, Clear Channel Outdoor received formal notice from the NYSE that it was not in compliance with the NYSE's continued listing standards as a result of the average closing price of the Company's common stock being less than $1.00 per share over a consecutive 30 trading-day period.

Clear Channel Outdoor regained compliance after its average closing price for the 30 trading days ended August 31, 2020 exceeded the NYSE's minimum requirement of $1.00 based on a 30 trading-day average.
TFMG TFMG 4 years ago

$CCO | #ClearChannel Outdoor Holding 20% Upside

Clear Channel Outdoor Holdings, Inc. provides outdoor advertising solutions. It operates through Americas Outdoor Advertising and International Outdoor Advertising segments. The Americas Outdoor Advertising segment consists of operations primarily in the U.S. The International Outdoor Advertising segment consists of operations primarily in Europe, Asia and Latin America. The firm products include billboards, street furniture and transit advertising in traditional and digital formats. The company was founded in 1995 and is headquartered in San Antonio, TX .

realfast95 realfast95 4 years ago
insider purchase

he weighted average purchase price with respect to multiple trades ranging in price from $1.150 to $1.250
realfast95 realfast95 4 years ago
overbought but its still going up
1.4151 14 Day RSI at 80%
1.4082 38.2% Retracement From 52 Week Low

WATCH for possible breakout above 1.33, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 1.72
realfast95 realfast95 4 years ago
unfortunately it's difficult for retail to know what is driving CCO.
The Pro's know the Ad Rates

Lamar also moving, so it could be industry $LAMR

Does CCO have billboards in Russia
realfast95 realfast95 4 years ago

Clear Channel Outdoor Q2 Adj. EBITDA Loss $67.4M vs Gain $180.5M In Same Qtr. Last Year, Sales $314.91M Miss $322.97M Estimate


Revenue down 39.0% year-over-year to $199.7 million.
Segment Adjusted EBITDA1 down 65.6% year-over-year to $47.0 million.


Revenue down 63.0% year-over-year to $107.3 million.
Segment Adjusted EBITDA1 down $115.4 million year-over-year to $(68.8) million.
Revenue, excluding movements in foreign exchange rates ("FX"), down 62.3% year-over-year to $109.5 million.
Segment Adjusted EBITDA1, excluding movements in FX, down $117.5 million year-over-year to $(71.0) million.
realfast95 realfast95 4 years ago
as a comparison, Lamar reported today LAMR

Lamar reported net revenues of $347.7 million for the second quarter of 2020 versus $448.7 million for the second quarter of 2019, a 22.5% decrease

"As we anticipated, business picked up during the quarter as stay-at-home orders were lifted, drivers hit the roads and many businesses reopened. As we put concerns about the size of the OOH audience in the rear-view mirror, our customers began to spend again. This recovery in contract activity continued into the third quarter, and although the second surge of COVID-19 cases has taken a little wind out of our sails, we remain cautiously optimistic about the revenue outlook for the balance of 2020," said CEO Sean Reilly. "On the expense side, we are seeing the benefits of our efforts to contain costs and adjust our operations to the current environment."
realfast95 realfast95 4 years ago
William Eccleshare on the emergence of green shoots for Clear Channel
by Gurjit Degun
Added 4 hours ago

Signs of recovery for outdoor advertising are beginning to appear in town centres.

It’s no big surprise that Clear Channel’s worldwide chief executive wants to forget the financial implications of the coronavirus lockdown as quickly as he can. "[The second quarter has] been one of the toughest outdoor markets," William Eccleshare says.

As lockdowns were initiated around the world over the first quarter of the year, the deserted streets, transport hubs and shopping centres meant that no-one was looking at outdoor sites – a huge blow to the sector.

For Clear Channel, this led to a $25m cut in capital expenditure in Q2; for the year, it expects a 50% cut.

So of course Eccleshare wants to focus on the future and he says there is good news in that the business is "undoubtedly seeing signs of recovery". According to Clear Channel's anonymised data, green shoots have begun to emerge in town centres as the nation continues to work from home.

"What is interesting is that local high streets are massively over-indexing in terms of the speed of recovery, whereas city centres are significantly under-indexing," Eccleshare explains.

"The activity may not be back to normal, but from our data, it's probably running at about 80% of people [out and about in town centres]. That is three times the level of activity that we're seeing in the West End."

It’s a similar picture right across Europe. This means that Eccleshare is positive about the third quarter, which, he says, is "showing pretty good recovery".

With the government announcing last week that people in England can now use public transport for any journey (not just essential ones) and workplaces can welcome back employees from 1 August, where it is safe to do so, the movement in city centres is likely to improve further.

However Eccleshare doesn’t think there will be the same mix of advertisers that the sector had pre-Covid-19. "We are seeing certain categories come back very heavily," he says.

One such sector is automotive. Clear Channel has been running big campaigns for brands, including Vauxhall and Volkswagen, which have been suffering because of the closure of showrooms. "I think people are recognising that the car is actually quite a safe environment to be in," Eccleshare says.

He adds that other "early successes" have been from retailers and brands that want to shout about their return, such as McDonald’s (which also returned to TV last week), Vision Express and Tui.

Eccleshare is also optimistic about other brands returning to outdoor. "I can’t prove this yet," he says. "But I suspect they will come back, it’s simply a question of when."

He points out that the outdoor market had been a growing sector in the traditional media space before Covid-19 hit. "We have stronger audiences, we’re not fragmenting in the way TV audiences are and you can’t fast-forward us," Eccleshare points out. "I can't see any reason why there should be a kind of structural change against that."
Digital out-of-home investments

The impact of the coronavirus outbreak has led to many changes at businesses. For Clear Channel there is the question of how it will continue to invest in turning its sites into digital ones, having had to cut costs so much this year.

Eccleshare insists that the business continues to invest in the transition it began about 10 years ago. "The economics of it make very good sense," he says.

"One of the things that is encouraging at the moment is that advertisers are using the flexibility that digital offers for time-sensitive messaging about recovery, about the return to work and location-specific advertising. So, if anything, I think the crisis has demonstrated the value of digital inventory and will reaffirm our belief in it."

The only downside of the digital sites during the height of the crisis was the fast nature at which any cancellations could be implemented. "But the upside of that is we're benefiting hugely now [as lockdowns begin to ease]."
Supporting staff

The health of the business is not the only thing that Eccleshare has been concerned with. Supporting staff through the lockdown is something that many business leaders have had to adapt to.

"I've lived through several big recessions and worked through many of them but it was quite clear that this was going to be different from anything we've seen before in terms of the potential impact on our people," Eccleshare says.

Since the initial excitement of working from home began to wear off, Eccleshare has noticed that younger members of staff have found not being in the office harder than their older colleagues who are more likely to have the space – much like Eccleshare himself, who is speaking to Campaign from his study.

"The younger members of staff, who were big advocates for working from home, have found it harder than they anticipated and they're keen to get back into the workplace," he explains. "They miss their colleagues, the sociability, the mentoring, the learning from friends and they tend – because they're [earlier on] in their careers – to have smaller places to live."
Returning to the office

The younger staff will then be pleased to hear that Clear Channel is one of the businesses that have started to reopen offices. Eccleshare wants to encourage people to come into the Soho office, where he has been popping in now and then.

He is asking people to go into the office only if they have a specific reason, for example to attend meetings, and maintains that there is no pressure for anyone to do so. Eccleshare thinks that there will be a bigger appetite for people to return to the office once schools reopen.

He adds that the company will likely end up with a hybrid model where there is a lot of flexible working, mainly because there isn’t enough room for all staff to be in the office at the same time while abiding by social-distancing guidelines.

As lockdown measures begin to ease, Eccleshare is confident that the industry will go into 2021 "with momentum" but the question of when it will see a return to pre-coronavirus levels remains unknown.
realfast95 realfast95 4 years ago
Results of Operations and Financial Condition

Clear Channel Outdoor Holdings, Inc. (the “Company”) expects cash and cash equivalents to be approximately $650 million as of June 30, 2020. This amount includes the proceeds from the sale of Clear Media Limited.

This expected cash balance, combined with the amendment to the Company’s credit agreement announced in June and the Company’s successful cost savings initiatives, support the Company’s efforts to manage through the current macroeconomic environment.

Impact of the COVID-19 Pandemic

On March 11, 2020, the COVID-19 outbreak was characterized as a pandemic by the World Health Organization. In an effort to slow the pandemic, governments around the world placed significant restrictions on travel and closed businesses, resulting in unprecedented nationwide lock-downs. Our business, along with the global economy, has been adversely affected by these developments, which have resulted in a significant reduction in time spent out of the home by consumers, reductions in consumer spending, large declines in GDP, volatile economic conditions, and business disruptions across markets globally. The full magnitude and duration of the pandemic and the resulting downturn and their impact on our business is difficult to predict.

To better ensure the health, safety and wellbeing of our employees and their families during this extraordinary time, we initially transitioned a significant portion of our employees to work from home in Italy in early March, and expanded this directive globally by the end of March. We believe these teams were able to make the shift to a remote work environment relatively seamlessly. Our advertising inventory has been used to facilitate messages of support to medical teams, first responders, delivery professionals, food service workers, and many other key workers in all parts of the world. In addition, we have provided support to governments in helping remind citizens to observe restrictions and how to stay safe.

Markets in Europe have experienced dramatic declines in customer demand as a result of COVID-19. The downward impact across some European markets started to be felt in early March, corresponding with governments issuing advice on lockdowns in markets such as Italy, France and Spain. That downward impact continued across all European markets for the majority of the second quarter. In France, our largest market, the lockdown was announced mid-March and resulted in a sharp downturn in advertising spend at the end of the first quarter. In the U.K., our second largest market, the country entered full lockdown in the last week of March.

As a result, since March, there has been a significant decline in our customers’ near-term demand as they have deferred buying decisions and reduced marketing spend. The impact of COVID-19 and the protocols


implemented around the world significantly affected the behavior and movement of consumers and our customers’ target audiences. Transit was the hardest hit with many people avoiding public transport for health and safety reasons. The scale and speed with which near-term demand declined, and the number of requests we received to defer or cancel contracts, has been unprecedented. We have taken, and will continue to take, steps to ensure the continuity of our platform and operations to serve our customers as local conditions permit.

In May, as new daily cases continued to fall in Europe, European countries started to gradually reopen their businesses and lift restrictions, helping mobility recover toward pre-COVID-19 levels. Following the continued return to normalized traffic levels, we are experiencing not only an uptick in bookings but also a shift in behavior from our customers, with lead time from booking to display now shorter than normal. With our high proportion of roadside advertising, we believe we are well positioned to capture the recovery in walking and driving and the resulting audience exposure to our assets.

It is unclear when an economic recovery could start and what a recovery will look like as countries emerge from this unprecedented shutdown of the global economy. In light of the rapidly-evolving impact of the COVID-19 pandemic, the magnitude and duration of its impact on our results of operations and overall financial performance will not be known until future periods. We anticipate significant adverse effects throughout our business during the remainder of the year. This is largely due to customers deferring buying decisions and reducing marketing spend.

We have taken a highly disciplined approach in managing the use of our cash through this period. We have implemented extensive cost saving initiatives, including reductions in operating costs and capital expenditures. We have taken steps that we believe will most effectively support our advertising partners to take quick advantage of renewed opportunities for connection with their customers as the pandemic restrictions begin to relax. Sales teams have been in active discussions with customers to develop advertising plans as restrictions are lifted. Importantly, we believe technology investments made before the pandemic, specifically in expanding our digital footprint, will serve to position our businesses to meet our customer’s needs. We believe that the depth of our digital inventory provides the flexibility to quickly accelerate advertising campaigns and most effectively target audiences at the right time for our advertisers. However, a second wave of the virus may result in changes or delays in our customers’ advertising plans, causing further adverse effects on our results.

Recent Developments

Our unaudited interim financial statements for the three months ended June 30, 2020 are unavailable at this time because our financial closing procedures are not yet complete. However, our results will be adversely impacted by the COVID-19 pandemic.

Our preliminary estimated range of revenue for the three months ended June 30, 2020 is expected to be between $100 million and $115 million. In addition, we expect our Adjusted EBITDA for the three months ended June 30, 2020 to be substantially negative and we do not expect to achieve positive Adjusted EBITDA for the year ended December 31, 2020.
realfast95 realfast95 4 years ago
Ares Partners has been accumulating shares
12/31 = 11,820,808
03/31 = 20,647,773
05/22 = 22,977,773
07/06 = 32,179,773

Kdogger Kdogger 4 years ago
Hello everyone, I'm new here to this board. I just wanted to say it almost seems like most CCO followers didn't see the Citigroup updgrade to Buy from neutral with a price target of $1.60. That's more than a 55% upside from here! I say BUY BUY BUY Man!!! It's a cheap stock with a really big bank backing it up. I'm no pro, but it certainly looks like up from here! Have a Great and Blessed day all!!
realfast95 realfast95 4 years ago
Clear Channel Outdoor Raised to Buy From Neutral by Citigroup
from 0.90 to 1.60

Previous CCO Ratings
May 14, 2020 Citigroup Maintains Neutral 0.50 0.90
May 11, 2020 Wells Fargo Maintains Overweight 1.00 2.00
Feb 3, 2020 JP Morgan Initiates Coverage On Neutral
Sep 24, 2019 Wells Fargo Initiates Coverage On Outperform 4.00
Sep 4, 2019 Barclays Initiates Coverage On Overweight 3.00
Sep 4, 2019 Cowen & Co. Initiates Coverage On Outperform
Sep 4, 2019 Citigroup Initiates Coverage On Neutral 2.70
Mar 11, 2019 Barrington Research Upgrades Market Perform Outperform 6.50Previous CCO Ratings
May 14, 2020 Citigroup Maintains Neutral 0.50 0.90
May 11, 2020 Wells Fargo Maintains Overweight 1.00 2.00
Feb 3, 2020 JP Morgan Initiates Coverage On Neutral
Sep 24, 2019 Wells Fargo Initiates Coverage On Outperform 4.00
Sep 4, 2019 Barclays Initiates Coverage On Overweight 3.00
Sep 4, 2019 Cowen & Co. Initiates Coverage On Outperform
Sep 4, 2019 Citigroup Initiates Coverage On Neutral 2.70
Mar 11, 2019 Barrington Research Upgrades Market Perform Outperform 6.50
barnyarddog barnyarddog 4 years ago

realfast95 realfast95 4 years ago

realfast95 realfast95 4 years ago
Insider open market purchases
EVP and CEO - Americas Scott Wells

5/27/2020 P 10000 A $1.079 (1) 348600 D
Common Stock 5/28/2020 P 20000 A $1.097 (2) 368600
realfast95 realfast95 4 years ago
May 22, 2020
5:46 pm ET
Ares Management Reports 5.9% Stake in Clear Channel Outdoor
New$tockguy New$tockguy 4 years ago
Nope haven’t heard but I will be looking for an entry point on Monday
Trumpicano Trumpicano 4 years ago
Clear Channel infrastructure chosen to disseminate emergency info for COVID-19, Amber Alert style? Anyone know anything about this
Trumpicano Trumpicano 4 years ago
Anybody know anything about Clear Channel digital signage billboards being tapped by Trump/CDC to disseminate Coronavirus or other public health info "Amber Alert" style moving forward?
New$tockguy New$tockguy 4 years ago
What do you think about next week?
1plus1 1plus1 4 years ago
starbuxsux starbuxsux 5 years ago
Clear Channel Outdoor Holdings, Inc. Reports Results For 2019 Third Quarter
6:00 AM ET 11/6/19 | PR Newswire

SAN ANTONIO, Nov. 6, 2019 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) ("the Company") today reported financial results for the quarter ended September 30, 2019.

"In our first full quarter as an independent company, we continue to successfully execute on our strategic plan. Our largest business segment delivered strong growth, and we strengthened our capital structure and cash flow generation," said William Eccleshare, Worldwide Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "Specifically, our Americas revenue grew more than 8% year-over-year in the third quarter, including double-digit growth in digital revenue. We continue to benefit from our technological transformation, most particularly the development of our proprietary CCO RADAR tools, and the positive audience trends for the outdoor medium.

"Globally, we are raising the bar in our industry by demonstrating the power and influence of our medium. We recently announced the first airport in the U.S. showcasing all-digital advertising displays in San Jose, California. In the U.K., our Adshel Live network now reaches approximately 38% of the population weekly and is the country's largest individual digital out-of-home network.

"We remain on track to achieve the financial guidance and outlook we provided in August. As a result of our recent capital market activities, Clear Channel Outdoor is benefiting from an improved balance sheet and reduced cash interest payments. We are investing our available free cash flow in attractive new assets that we see generating significant returns on capital for our business. This investment represents a majority of our capital expenditure guidance for 2019. We are optimistic and believe that our strengthened financial position, combined with expected growth in free cash flow, will provide us with greater flexibility to reduce leverage and drive shareholder value."

Key Financial Highlights

The Company's key financial highlights for the third quarter of 2019, as compared to the same period of 2018, include:

-- Consolidated revenue decreased 1.6%. After adjusting for the impact from

movements in foreign exchange rates, consolidated revenue increased 0.6%.

-- Americas revenue increased $24.8 million, or 8.2%.

-- International revenue decreased $35.1 million, or 9.7%. After adjusting

for a $14.4 million impact from movements in foreign exchange rates,

International revenue decreased $20.7 million, or 5.8%.

-- Operating income decreased $3.5 million to $47.7 million.

-- OIBDAN decreased 5.8%. Excluding the impact from movements in foreign

exchange rates, OIBDAN decreased 5.3%.

Additionally, during the third quarter of 2019:

-- The Company issued 100 million shares of common stock in a public

offering and used the net proceeds to redeem approximately $333.5 million

aggregate principal amount of 9.25% Senior Subordinated Notes due 2024

(which ceased to be subordinated indebtedness following the refinancing

transactions as described below) (the "New CCWH Senior Notes").

-- The Company refinanced its outstanding $2,725.0 million aggregate

principal amount of 6.5% Series A and Series B Senior Notes due 2022 (the

"CCWH Senior Notes") and $375.0 million aggregate principal amount of

8.75% Senior Notes due 2020 (the "CCIBV Senior Notes") with the issuance

of $1,250.0 million aggregate principal amount of new 5.125% Senior

Secured Notes due 2027 (the "New CCOH Senior Secured Notes") and a

$2,000.0 million seven-year term loan facility (the "New Term Loan


-- The Company entered into a $175.0 million revolving credit facility (the

"New Revolving Credit Facility") and replaced its existing

receivables-based credit facility with a new $125.0 million

receivables-based credit facility (the "New Receivables-Based Credit


Refer to the "Liquidity and Financial Position" section of this press release for more details.

Key Non-Financial Highlights

The Company's key third quarter non-financial highlights include:


-- Adding 18 new digital billboards in the United States, for a total of

more than 1,600 digital displays, including more than 1,300 digital

billboards, in our Americas business as of September 30, 2019.

-- Transforming the San Jose International Airport into the first

all-digital and most advanced airport advertising and sponsorship program

in the U.S., integrated with CCO RADAR, our suite of audience planning,

amplification and measurement solutions.

-- Completing the transformation and launch of over 1,300 new visually

striking, printed out-of-home displays across the small, mid and large

U.S. market footprint. Premiere panels bring nearly bulletin-sized media

down-to-earth for even greater pedestrian and road travel visibility.

These newly repositioned, vinyl-wrapped posters are available in

highly-trafficked urban, upscale and nightlife areas and are fully

supported by our RADAR suite of products.

-- Partnering with a major movie studio to develop a unique campaign for a

blockbuster movie. The campaign expands the footprint of print displays

beyond the key Los Angeles and New York markets with 161 bulletins in 16

markets benefiting from the creative flexibility and impact that

out-of-home can deliver.

-- Continuing to build out our real-time digital capabilities, including the

first weather-triggered programmatic ad campaign in Times Square,

airports and across our roadside inventory. This enables advertisers to

reach consumers with relevant products in an audience-centric and

contextually-relevant way depending on weather conditions.

-- Launching a new capability through our RADAR platform which advances our

ability to measure and attribute mobile app download activity and

consumer actions relative to our ad campaigns.


-- Adding 1,004 new digital displays in our International markets, for a

total of more than 15,000 digital displays in our International business

at September 30, 2019.

-- Close to completing the roll-out of more than 1,600 street furniture

units in Paris, with advertising campaigns for Éric Bompard, Chanel,

Netflix, Uber, Coca-Cola and Calvin Klein in place for the fourth


-- Winning a six-year contract for the subway in Toulouse, one of France's

largest metropolitan areas, which will increase the number of digital

screens from 30 to 95 and reduce print screens from 415 to 332.

-- Renewing the Helsinki Airport contract for another 8.5 years with plans

to upgrade the airport's existing inventory and increase the digital

out-of-home presence significantly, with the ambition to have digital

represent 85% of total displays within the duration of the contract.

-- Installing the 2,000th Adshel Live digital screen in the U.K., which

firmly cements the position of Clear Channel's Adshel Live network as the

country's largest individual digital out-of-home network, reaching

approximately 38% of the population weekly.

-- Continuing our digital expansion efforts to reach 1,000 digital screens

across Sweden's biggest cities of Stockholm, Malmö, Gothenburg and

Solna. Clear Channel Sweden is the only out-of-home provider to offer

advertisers digital street furniture solutions in the cities of Stockholm,

Malmö and Gothenburg.

-- Receiving the "Best Poster Provider" award at the Swiss media industry

awards, which was voted on by the country's 750 top advertisers, media

agencies and creatives.

Guidance and Outlook

-- The Company anticipates revenue and OIBDAN growth in the Americas to be

in the mid-to-high single digits for the second half of 2019.

-- Internationally, excluding China and any foreign currency impact, the

Company expects low single digit growth in both revenue and OIBDAN for

the second half of 2019.

-- The Company is unable to discuss the expected performance of Clear Media

Limited, its consolidated Chinese investment, because Clear Media Limited

is a publicly traded company listed on the Hong Kong Stock Exchange.

-- The Company expects its consolidated capital expenditures to be in the

$225 million to $235 million range for the full year of 2019.

-- The Company intends to provide full-year guidance for 2020 in its

earnings release for the fourth quarter of 2019.

GAAP Measures by Segment

Three Months Ended % Nine Months Ended %

(In thousands) September 30, Change September 30, Change

2019 2018 2019 2018


Americas $328,250 $303,421 8.2 % $928,114 $859,190 8.0 %

International 325,197 360,318 (9.7) % 1,010,464 1,114,927 (9.4) %


Revenue $653,447 $663,739 (1.6) % $1,938,578 $1,974,117 (1.8) %

Direct operating and SG&A expenses(1) :

Americas $192,465 $180,488 6.6 % $566,076 $532,448 6.3 %

International 294,853 309,990 (4.9) % 889,785 944,952 (5.8) %



operating and


expenses(2) $487,318 $490,478 (0.6) % $1,455,861 $1,477,400 (1.5) %



(loss)(2) :

Americas $98,132 $83,150 18.0 % $240,331 $199,332 20.6 %

International (4,029) 13,701 (129.4)% 17,913 56,100 (68.1)%

Corporate (41,735) (38,724) (7.8) % (112,059) (114,039) 1.7 %


charges (5,300) (7,772) 31.8 % (5,300) (7,772) 31.8 %

Other operating



(MORE TO FOLLOW) Dow Jones Newswires

November 06, 2019 06:00 ET (11:00 GMT)
Destinator Destinator 5 years ago
Sorry wrong board. If there is a moderator for this board please remove my post along with this one. My apologies.
Destinator Destinator 5 years ago
My take on Cameco Conference Call:

Gitzel Gets it!

Gitzel is a REAL CEO. His defense of Cameco’s “A Contract is a Contract” belief demonstrates that he means business. It is conceivable that in light of the TEPCO ruling, RELIABLE PRODUCERS such as CAMECO are going to be less likely to sign VERY LONG TERM CONTRACTS unless an insurance price is factored into it. If buyers don’t want to live up to their end, then they will have to pay up or they will have to work with shorter term contracts. That is a very real possibility and other operators/buyers will have Tepco to thank for it.

Cameco is NOT there to see others achieve their profit targets. - Well said Cameco.

Cameco holds $1.1 billion in cash. Not bad for a company that shut down their biggest mine.

Cameco is batting 3 for 3 in terms of executing their strategy.

“I’ve seen this movie twice before” – This comment speaks volumes.

Supply is less certain and, in fact, declining. As I stated yesterday on the UEX board, sometimes a picutre is worth $millions.

Discussing with Tier One customers what it takes to protect supply going forward. These customers want certainty of supply from RELIABLE SUPPLIERS. - In other words, price may be important to the buyers but certainty of supply is even more important.

As a Uranium and Cobalt Investor, I never liked the concept of intermediary buyers and some have taken exception to that view when I expressed it in the past. Look at Cobalt 27. They no longer exist. They sold out. Now I hear Cameco addressing intermediary buying and the panic that sometimes kicks in. Listen in to the following part of Cameco’s conference call.

IMPORTANT: 34:23 mark of the Cameco Conference Call – The following is me paraphrasing:

Intermediaries are panicking and not living up to their chosen strategy. Cameco will let them panic and take advantage of it. I could say that the same goes for Uranium Mining Stock Investors who are panicking. That is why I like to say:


Click below for Cameco Conference Call. Thanks for the link @quakes99 twitter feed.


Investolator Investolator 5 years ago
I was off just over a year. Now it looks like the triangle is complete. This is a long triangle and many will not see it. If I what I have been taught is true, then we could see the price move to $15, the first peak of the triangle. Only time will tell if my thinking is correct or not. Hope all are having a great evening.

Destinator Destinator 6 years ago
Catch 22 or Perfect Storm?

Imagine this:

At least three banks have experienced issues with enormous trading volumes. Jan 2, 2018 was a disaster for the discount brokerage industry. It was not much better in the couple of days following either. Some are issuing apologies to their client base for the inconvenience. Oh wait. You don't have to imagine. This is already occurring. Stay with me on this.

Now think about this:

Once investment discussion board is having trouble handling the volume of posters on their Investment social media site. Their error message states that their engineers are working around the clock trying to fix it. I believe it but are they doing all they can with what they have? Are you still with me?

Investing/trading/and discussion boards has become a booming business and the success of this industry seems to be victimizing the industry itself. I wonder how much electricity this industry is going to need to fuel all the new computing capacity that will be required to keep trading running smoothly and discussion boards being available during trading hours. What will happen when the computers have adequate capacity but not enough electricity to run them? Oh sure, I don’t believe the full extent of the Bitcoin Power supply stories …

Bitcoin Power Consumption

…but there is no question that Bitcoin transactions do consume a lot of electricity. With the advent of an AI and EV revolution on the horizon I wonder what fuel the world will need to fulfill that requirement for increased capacity. Could it be Uranium? Ya think?

And yet, the price of uranium is not rising. Or, at least if it is rising, investors have no way of knowing what the price is because the Futures market is in a coma or, like a criminal, it is not talking.

Are we to believe that not one Uranium Spot contract closed since Dec 20, 2017?

Are we to believe that no one needs Uranium anymore?

Are we to believe that we should sell our Uranium stocks because no one wants Uranium?

Are we to believe that the Uranium that is being mined is simply vanishing into thin air or being stored at the producer’s warehouses?

Lots of questions.

When will the 'credible' people with this knowledge start providing us with answers to those questions?

When the answers are provided will there be so much excitement for Uranium investors that the computers will all come crashing down again?

Should we be investing in Uranium Stocks now or wait until everything comes crashing down? Or until the lights go out and we can’t buy shares any more?

Are we approaching the biggest Catch 22 of all time and is this the Perfect Storm scenario?

It sure looks like it to me on both counts.
Investolator Investolator 6 years ago
I forgot to add that it is possible that there could be a shakeout from the triangle before breaking on the upside of the triangle. I am looking to make at least 100% on my trade. Wishing everyone a great New Year.
Investolator Investolator 6 years ago
My opinion only but it seems that CCO is about ready to complete a triangle and move upward. When? Only time will tell. I bought in at 4.65. Best of luck to everyone and hope each and everyone of you have a great and happy New Year.

thumper15 thumper15 8 years ago
chaostrader chaostrader 9 years ago
keep going cco!
ManicTrader ManicTrader 9 years ago
post was from 2013? lol no worries bro, make that money!

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