Clear Channel Outdoor
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Clear Channel Outdoor Holdings, Inc.
(NYSE:CCO)
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200 East Basse Rd. San Antonio, TX 78209 TX Tel. 210-832-3700 |
Type: Public
On the web:
http://www.clearchanneloutdoor.com
Employees:
7,800
Employee growth: 7.3%
In the great outdoors, billboards in clear view mean money for Clear Channel Outdoor Holdings. The company is a leading display advertising operator, with about 820,000 properties in some 45 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 188,000 display spots in the Americas and another 630,000 internationally, the company sells advertising space in airports and malls and on the sides of high-profile buildings, and also creates displays that feature video and moving parts. Clear Channel Communications, the #1 radio broadcaster, controls the company.
Key numbers for fiscal year ending December, 2011:
Sales: $3,003.9M
One year growth: 7.4%
Net income: $42.9M
Officers:
Chairman: Robert W. (Bob) Pittman
CEO: C. William Eccleshare
EVP and CFO, North Americas: Renee Krug
Competitors:
CBS Outdoor
JCDecaux
Lamar Advertising
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(Chief or Corporate Compliance Officer) The executive person in charge of compliance issues, regulatory requirements, internal controls and managing audits within an enterprise or organization. Hiring for the position of CCO became popular in the early 2000s as a response to accounting and fraud scandals of such companies as Enron, Tyco and WorldCom, which were involved in corporate governance and financial disclosure problems. Legislation to ensure responsible reporting was passed, and policy compliance became a significant focus of upper management everywhere. See Sarbanes-Oxley Act.
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Clear Channel Outdoor
Clear Channel Outdoor (NYSE: CCO), 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 nontraditional 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.
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Contents
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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
- 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.
See also
And rival outdoor advertising companies:
External links
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(Private Company)
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