Clear Channel Outdoor Holdings, Inc. Common Stock (CCO)
Clear Channel Outdoor Holdings, Inc. (CCO) is a global outdoor advertising company that provides innovative advertising solutions through a network of billboards, transit displays, and digital signage. Founded in 1901, the company has a long history of delivering impactful out-of-home advertising services across North America, Europe, and other regions. It focuses on leveraging technology to enhance advertising effectiveness and engage audiences in various environments.
Company News
Over 8,000 local events nationwide will celebrate afterschool programs on October 23, highlighting their importance in student development amid uncertain federal funding. The event aims to showcase the benefits of afterschool programs and advocate for continued support.
Clear Channel Outdoor has agreed to sell its Europe-North segment businesses to Bauer Radio for $625 million. The company plans to use the proceeds to repay $375 million in outstanding term loans and focus on growing its America and Airports segments to improve cash flow and reduce debt.
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Although the revenue and EPS for Clear Channel Outdoor (CCO) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The spot price for uranium, vital for fueling nuclear reactors, climbed to just over $103/pound on Monday, a level not seen since 2007.