Clear Channel Outdoor Hldgs In Stock Price, News & Analysis

Clear Channel Outdoor Holdings (NYSE: CCO) announced Scott Wells as the new CEO, effective January 3, 2022, as part of its succession planning. Wells, previously CEO of Clear Channel Outdoor Americas since 2015, succeeds William Eccleshare, who becomes Executive Vice Chairman. The transition aims to capitalize on anticipated growth opportunities within the company's diverse outdoor advertising portfolio, including over 500,000 displays worldwide. The company is well-positioned for future success, bolstered by strong leadership and a commitment to enhancing customer relationships.

Clear Channel Outdoor Americas (CCO) has partnered with No Kid Hungry for a second consecutive year to launch a holiday campaign aimed at combating childhood hunger in the U.S. Nearly one in six children face hunger, and every dollar donated can provide up to 10 meals. The campaign includes immersive 'Showcase Shelters' in Washington, D.C., and digital billboards promoting local food assistance. The initiative aims to connect communities with resources, stressing the importance of support as families struggle during the pandemic.

Clear Channel Outdoor Holdings (NYSE: CCO) announced a strategic review of its European business, potentially leading to a sale. CEO William Eccleshare stated that improved revenue performance in Europe and a desire to align with strategic goals motivated this decision. The fourth-quarter guidance was raised, with consolidated revenue expectations now between $730 million and $750 million, up from previous estimates. The Americas segment is also performing well, with anticipated revenue growth. However, the company acknowledged uncertainties, including the ongoing impacts of COVID-19 on operations.

Clear Channel Outdoor Holdings (NYSE: CCO) announced participation in the Barclays Global Technology, Media and Telecommunications Conference 2021. Scott Wells, CEO, and Brian Coleman, CFO, will engage in a Q&A session on December 7, 2021, at 4:10 p.m. ET. Investors can access a live audio webcast on the company's investor website, which will also be available for replay for 30 days. Clear Channel Outdoor operates over 500,000 displays globally, with a significant digital presence, including more than 17,000 digital displays worldwide.

Clear Channel Outdoor Holdings (NYSE: CCO) announced its executives, including CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells, will participate in a Q&A session at the Wells Fargo Virtual 5th Annual TMT Summit on December 1, 2021, at 9:20 a.m. ET. The session will be webcast live on their investor website and available for replay for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays globally, including more than 17,000 digital displays.

Clear Channel Outdoor Holdings (NYSE: CCO) reported strong third-quarter 2021 financial results, with Americas revenue up 42.6% to $319 million and Europe revenue up 21% to $262.6 million. Both segments showed significant growth compared to 2020, primarily driven by increased mobility and advertising demand. The company maintains a healthy balance sheet with $600 million in cash and has repaid $130 million of its credit facility. Looking ahead, consolidated revenue is guided between $715 million and $740 million for Q4, suggesting recovery towards pre-pandemic levels.

On November 2, 2021, Conservation International announced a global Out-Of-Home (OOH) campaign with Clear Channel, titled "Hear me while you can", during COP26 in Glasgow. The campaign aims to amplify the importance of nature in climate discussions, featuring sounds from various ecosystems on digital screens that link to a dedicated site for further engagement. Clear Channel is donating advertising space to boost visibility, emphasizing the need for increased investment in nature-based solutions to combat climate change. The initiative aligns with recent commitments to biodiversity protection made at COP15.

Clear Channel Outdoor (NYSE: CCO) announces a partnership with the Afterschool Alliance, the National League of Cities, and the National Summer Learning Association to launch a national visibility campaign for Lights On Afterschool. Running through October, the campaign highlights afterschool programs' critical roles during the COVID-19 pandemic. Data shows that for every child in these programs, three are waiting to join. The campaign features over 2,000 digital billboards, emphasizing the growing demand for afterschool services and the barriers faced by many families in accessing them.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its third quarter 2021 results on November 9, 2021, before the market opens at 7:00 a.m. Eastern Time. A conference call to discuss the results will take place at 8:30 a.m. Eastern Time, accessible via dial-in and a live audio webcast on the company's website. CCO is a leading outdoor advertising company, operating over 500,000 displays globally, with significant digital assets. Detailed financial materials will be provided on the company's website following the release.