You might also like
Clear Channel Outdoor Holdings, Inc. (CCO) is one of the largest out-of-home advertising companies globally, operating over 330,000 print and digital displays across 19 countries. The company provides dynamic advertising solutions, including roadside billboards, urban street furniture, and airport advertising displays, leveraging digital technology, data analytics, and programmatic capabilities to deliver measurable campaigns. CCO is listed on the New York Stock Exchange under the symbol "CCO" and has been actively restructuring its operations to enhance financial flexibility.
- America - Operates roadside billboards and other out-of-home advertising displays across the United States, excluding airports, with a focus on billboard advertising.
- Europe-North - Manages advertising operations in the United Kingdom, Nordics, and other northern and central European countries, offering a variety of out-of-home advertising solutions.
- Airports - Provides advertising displays in U.S. and Caribbean airports, catering to travelers and airport visitors.
- Other - Includes operations in Latin America (Mexico, Brazil, Chile, Peru) and Singapore, offering diverse out-of-home advertising services.
Name | Position | External Roles | Short Bio | |
---|---|---|---|---|
David Sailer Executive | Executive Vice President and Chief Financial Officer | None | CFO since Mar 2024; joined CCO in 2013; previously EVP, CFO of Americas; led financial strategy and portfolio optimization. | |
Jason A. Dilger Executive | Senior Vice President and Chief Accounting Officer | None | CAO since May 2019; joined CCO in 2011; CPA with extensive accounting and finance experience. | |
Justin Cochrane Executive | Chief Executive Officer, Clear Channel U.K. & Europe | Chair of Outsmart; Board Member of Committee of Advertising Practice in the U.K. | CEO of U.K. & Europe since 2019; joined CCO in 2001; extensive leadership experience in European markets. | |
Lynn A. Feldman Executive | Executive Vice President, Chief Legal Officer, and Corporate Secretary | None | Chief Legal Officer since Nov 2022; joined CCO in 2016; extensive legal expertise in corporate governance and compliance. | |
Scott R. Wells Executive | President and Chief Executive Officer | Chair of Achievement Network; Chair of Outdoor Advertising Association of America (OAAA) | CEO since Jan 2022; previously CEO of Clear Channel Outdoor Americas (2015-2021); extensive experience in advertising and technology. | |
Andrew Hobson Board | Director and Chair of Audit Committee | Partner and CFO at Innovatus Capital Partners; Chairman of the Board at Cumulus Media | Director since at least 2023; extensive financial expertise; previously CFO at Innovatus and held leadership roles in media companies. | |
Jinhy Yoon Board | Director | Board Member at Intelsat | Director since at least 2023; extensive expertise in investment management and corporate governance; EVP at PIMCO. | |
Joe Marchese Board | Director | Co-Founder and Executive Chairman of Human Ventures; Partner at Casa Komos Brands Group; Board Member at Cox Media Group and National CineMedia | Director since at least 2023; extensive experience in media and advertising; founder of multiple ventures and board member of media companies. | |
Lisa Hammitt Board | Director | Chairwoman of Intelsat; Board Member at QuSecure, Auterion, and Archetype AI; Advisor at Brighton Park Capital | Director since at least 2023; extensive expertise in artificial intelligence and advertising; held executive roles at Visa, IBM, and Salesforce. | |
Ted White Board | Director and Audit Committee Member | Co-Founder, Managing Director, and Chief Compliance Officer at Legion Partners Asset Management | Director since Jan 2024; extensive experience in corporate governance and asset management; previously at CalPERS and Knight Vinke. | |
Thomas C. King Board | Director and Compensation Committee Member | Operating Partner at Atlas Merchant Capital; Director at Concord Acquisition Corp III and SVB Financial Group | Director since at least 2023; extensive experience in investment banking and private equity; previously CEO of Investment Banking at Barclays. | |
Tim Jones Board | Director, Audit and Compensation Committee Member | None | Director since Sep 2024; extensive advertising and management experience; previously COO at Publicis Groupe and CEO of Publicis Media U.S.. | |
W. Benjamin Moreland Board | Independent Chair of the Board | Board Member at Houston Methodist Hospital; Member of UT McCombs School Advisory Council; Member of Bauer Board at University of Houston | Independent Chair since May 2019; retired CEO of Crown Castle; extensive experience in corporate governance and finance. |
-
Given that Europe-North revenue increased 8.6% but segment adjusted EBITDA was down 4.5% , can you explain what specific factors are causing margins to decline in this region, and how do you plan to address them going forward?
-
With the termination of the Spain sale agreement , does this alter your strategy for exiting Europe, and have you considered alternative options such as a spin-off to unlock value for shareholders?
-
Considering that the MTA contract comes with a high revenue share in the high 70s, which could impact margins , how do you expect this to affect your operating leverage in 2025 and beyond, and what steps are you taking to mitigate any negative impacts?
-
Given the slower growth in Airports' digital revenue, can you elaborate on the underlying factors contributing to this trend, and what initiatives are in place to stimulate digital growth within the Airports segment ?
-
As the national advertising market remains choppy, are you seeing increased competition from streaming ad inventory impacting your national revenues, and what strategies are you implementing to capture national ad dollars in this challenging environment ?
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
---|---|---|
Urban Infrastructure Partner (UIP) | 2024 | Clear Channel Outdoor Holdings acquired 100% of UIP on August 19, 2024, for a net cash consideration of $9.3 million; the deal included $7.4 million of net assets (primarily property, plant, and equipment) and $1.9 million of goodwill, and it strategically fits their portfolio by expanding into urban infrastructure in Norway (e.g., bike-sharing programs and bus shelters). |
Recent developments and announcements about CCO.
Earnings
New Earnings (Q4 2024)
·Feb 24, 2025, 5:42 PMView full earnings summary →CCO projects ~2% Americas revenue lift from MTA ramp in 2024 but warns of margin erosion in 2025 as new contracts and rent expirations bite. Meanwhile, national ad tailwinds in CA and strong AFFO growth potential could offset cost pressures.
8-K Filings
8-K Filing
·3 days agoFinancial ExhibitsRegulation FD DisclosureView full 8-K filing →Clear Channel Outdoor Holdings secured all regulatory approvals on March 10, 2025, for the sale of its Europe-North segment to Bauer Radio Limited. The transaction is expected to close on March 31, 2025.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Clear Channel Outdoor secures a 10-year extension to its 35-year partnership with Huntsville International, modernizing ad networks to reach 1.5M annual passengers via upgraded LED walls, digital columns, and enhanced gate networks.