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Clear Channel Outdoor

 
Hoover's Profile: Clear Channel Outdoor Holdings, Inc.
(NYSE:CCO)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Clear Channel Outdoor Holdings, Inc.
2201 E. Camelback Rd., Ste. 500
Phoenix, AZ 85016
AZ Tel. 602-381-5700
Fax 602-381-5782

Type: Public
On the web: http://www.clearchanneloutdoor.com
Employees: 7,400
Employee growth: (6.3%)

In the great outdoors, billboards in clear view mean money for Clear Channel Outdoor Holdings. The company is a leading display advertising operator, with more than 900,000 properties in some 50 countries. Besides billboards, the company sells advertising on buses and trains and on "street furniture" such as bus stops and information kiosks in metropolitan markets. On its 240,000 display spots in the Americas and another 670,000 internationally, the company sells advertising space in airports and malls and on the sides of high-profile buildings, as well as creating displays that feature video and moving parts. Clear Channel Communications, the #1 radio broadcaster, owns about 90% of the company.

Key numbers for fiscal year ending December, 2008:
Sales: $3,289.3M
One year growth: 0.2%
Net income: ($2,851.1)M

Officers:
Chairman: L. Lowry Mays
CEO and Director: Mark P. Mays
CFO and Director: Randall T. Mays

Competitors:
CBS Outdoor
JCDecaux
Lamar Advertising

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Clear Channel Outdoor (NYSECCO), is a company controlled by Clear Channel Communications and is one of the world's largest outdoor advertising corporations. The company is headquartered in Phoenix, Arizona and has operations in six of the seven continents.

The company offers advertising on traditional and non-traditional advertising mediums. This includes billboard advertising, posters, street furniture, mall/retail advertising, airport advertising, mobile/transit advertising and spectacular advertising locations such as Times Square in New York City.

Contents

History

They are also the oldest outdoor advertising company in the United States as their roots trace back to the three companies that merged into the current incarnation: Foster & Kleiser (1901-1986), Patrick Media Outdoor (1986-1995) and Eller Media Company (1959-1997). F&K changed their name to Patrick after Metromedia sold the company which in turn was acquired by Eller in 1995. It would change its name to Clear Channel Outdoor in 2001 after the company acquired it.

Along the way the company acquired the following:

Universal Outdoor (Naegele, Derse)

Paxton Outdoor

Ackerley Media

Badger Outdoor

ABC Outdoor

Hansen Outdoor

Divisions

  • Clear Channel Outdoor

-Outdoor billboards

-Posters/Print

-Bus/Transit busboards

An "Adshel" bus shelter poster
  • Clear Channel Adshel

-Ads for bus shelters

  • Clear Channel Airports

-Ads/posters located at major airports

  • Clear Channel Malls

-Advertisting/posters for major shopping centers

  • Clear Channel Spectacolor

-Specializing in "living" billboards; locations include New York City Subway entrances and Toronto's Yonge Street.

  • Clear Channel Taxi Media

-Taxicab advertising

See also

And rival outdoor advertising companies:

External links


 
 

 

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