|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||5.41 - 5.62|
|52 Week Range||4.22 - 6.38|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.50|
NEW YORK, Jan. 17, 2019 /PRNewswire/ -- Today, the Ad Council and Project Yellow Light announced the opening of the eighth annual Project Yellow Light scholarship competition. The contest invites high school and college students nationwide to create a TV, radio or billboard PSA to educate their peers about the dangers of distracted driving, specifically texting and driving.
Inc.’s reorganization plan one week before the confirmation hearing for the nation’s largest radio broadcaster closes. denied claims by a group of junior bondholders, the so-called legacy bondholders, who had sued to get better treatment in a reorganization plan that awards 94% of the broadcaster’s equity to senior bondholders. Wilmington Savings Fund Society, the trustee for the company’s legacy bondholders, sued iHeart over the restructuring plan that it claims shortchanges bondholders on their recovery.
# Clear Channel Outdoor Holdings Inc ### NYSE:CCO View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for CCO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CCO. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $4.15 billion over the last one-month into ETFs that hold CCO are among the highest of the last year, but the rate of growth is slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
IHeartMedia Inc., whose bankruptcy last March was among the biggest chapter 11 cases of 2018, moved a step closer Thursday to completing a reorganization built around eliminating about $10 billion, or nearly two-thirds, of its debt. has amended its proposed reorganization plan—which has about 10 voting classes—five times. In court Thursday, iHeart said all classes of creditors have voted overall to accept the plan.
Radio giant iHeartMedia currently owns more than 89 percent of Clear Channel Outdoor's outstanding common stock.
The separation frees Clear Channel from constant demands for cash from private equity-backed iHeartMedia, which used the outdoor advertising company to shore up its own balance sheet. IHeartMedia in turn emerges as a leaner company that can capitalize on its dominance in the radio broadcasting space -- and as an attractive target for a potential buyer. Clear Channel, too, has attracted potential suitors.
Sears Holdings Corp. will hit the auction block without selecting a lead bidder for its stores amid criticism from creditors unhappy with a bid by the retailer’s chairman, Edward Lampert.
A bankruptcy judge granted preliminary approval to iHeartMedia’s settlement of potential litigation by shareholders of billboard subsidiary Clear Channel Outdoor Holdings Inc.
Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor (CCO) (CCO), and an indirect subsidiary of iHeartMedia Inc., today announced it was awarded a five-year contract expansion with Tallahassee International Airport (TLH). Clear Channel Airports has been the media provider for TLH since 1999. Tallahassee International Airport has experienced a 12 percent year-over-year growth in passenger traffic, reaching over 730K.
Inc. from legal trouble will delay the radio broadcaster’s exit from chapter 11 until the new year. Inc. If approved, it would end litigation that accuses private-equity owners Bain Capital Partners LLC and Thomas H. Lee Partners L.P. of taking advantage of Clear Channel for iHeart’s benefit. The agreement would also allow iHeart to pay $150 million to eliminate the $1 billion debt it owes to Clear Channel, iHeart said.
Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor (CCO) (CCO), an indirect subsidiary of iHeartMedia Inc., today announced it won a 10-year contract with San Diego International Airport (SAN) to provide brands with innovative advertising solutions. Operated by the San Diego County Regional Airport Authority, SAN is experiencing record-breaking passenger traffic with double-digit passenger growth in the first half of 2018, bringing the airport’s annual passenger count to over 22 million. “The San Diego County Regional Airport Authority is excited to launch this new partnership with Clear Channel Airports,” said Domenico D’Ambrosio, the Airport Authority’s Vice President of Marketing, Innovation and Chief Revenue Officer.
A sales process is under way for Gymboree’s profitable Janie & Jack chain, people familiar with the matter said. The retailer may file for bankruptcy to complete its plan to close most of its stores, the ...
Inc., have agreed to settle legal disputes over financial arrangements between the two companies, as they prepare to part ways. Under a chapter 11 bankruptcy exit plan, radio broadcaster iHeart will separate from the billboard company. A proposed settlement unveiled Monday spells out terms of the separation, including a forecast that Clear Channel will collect $150 million from iHeart, which will also provide financing to boost the billboard company’s chances of success after the separation.
Clear Channel Outdoor (CCO) (CCO), an indirect subsidiary of iHeartMedia Inc., today announced it has hired Kim Bradley as Regional President for its Midwest Region, reporting to Gene Leehan, Executive Vice President and Senior Regional President, Clear Channel Outdoor. Ms. Bradley joins CCO from Comcast Spotlight and is based in Chicago, Illinois.
Inc. said on Monday that it had won substantial support from its shareholders and creditors to back a reorganization plan that would ensure its debt holders get paid after it leaves bankruptcy. The proposed plan will reduce the company’s funded debt to $5.75 billion from about $10.3 billion, iHeartMedia said. Under the proposed reorganization plan, the company would call for its senior lenders and bondholders to walk away with nearly all the equity in the business after it leaves from bankruptcy.
It’s a curving conduit frequented by movie stars, studio executives, agents, and all other industry folks to shuttle between homes in the Hollywood hills, agencies and offices in Beverly Hills, and studios in Hollywood. This 1.7 mile section of Sunset Blvd known as the Sunset Strip is packed dense with billboards trying to grab these…
The National League of Cities (NLC) presented the Service to Cities Award to Clear Channel Outdoor this past weekend for its outstanding contributions to cities across the nation. Through Clear Channel Outdoor’s support of NLC’s 2018 infrastructure campaign, Rebuild With Us, the company raised awareness of the country’s critical infrastructure gap and helped municipal governments fight for federal investment. “From drinking water to workforce development, reliable infrastructure is critical to sustaining a thriving national economy.
The Patriot Education Fund, the organization that provides college scholarships, and mentoring to Illinois military families, and Clear Channel Outdoor Americas (CCOA) (CCO), an indirect subsidiary of iHeart Media Inc., today announced the Patriot Education Fund has reached a milestone of awarding $500,000 in scholarships to Illinois veterans and their families. Clear Channel Outdoor has been an active supporter of the Patriot Education Fund by donating digital out of home (DOOH) billboards annually to promote scholarships for military veterans. Four local Illinois residents were named as recipients of the Patriot Education Fund’s Clear Channel Outdoor scholarships for 2018.
Bob Pittman has been the CEO of Clear Channel Outdoor Holdings Inc (NYSE:CCO) since 2015. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at Read More...
On a per-share basis, the San Antonio-based company said it had a loss of 18 cents. The outdoor advertising company posted revenue of $663.7 million in the period. Clear Channel Outdoor shares have climbed ...
Clear Channel Outdoor Holdings, Inc. today reported financial results for the third quarter ended September 30, 2018.
Clear Channel Outdoor Holdings, Inc. (CCO), will release 2018 third quarter results before the market opens on Thursday, November 8, 2018 by 7:00 a.m. Eastern Time and will host a conference call to discuss results at 8:30 a.m. Eastern Time. The earnings conference call will not include iHeartMedia, Inc., the indirect parent of Clear Channel Outdoor, as iHeartMedia, Inc. will not hold quarterly conference calls during iHeartMedia’s bankruptcy process. The conference call number is 1-800-230-1074 (U.S. callers) and 1-612-288-0329 (International callers) and the access code for both is 455791.