Outdoor

Brian Coleman to Become Chief Financial Officer When Clear Channel Outdoor Holdings Becomes Standalone Public Company; Experienced Financial and Operating Executive Currently Serving as SVP and Treasurer of iHeartMedia, Inc.

Lynn Feldman To Become EVP and General Counsel of Clear Channel Outdoor Holdings, Inc.; Will Also Continue In Her Role as General Counsel for Clear Channel Outdoor Americas

San Antonio, TX and New York, NY – February 25, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (PINK: IHRTQ), announced today that Brian Coleman will become Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. (CCOH) when the company becomes a standalone public company upon iHeartMedia’s emergence from its previously announced restructuring process.

Coleman, an experienced financial and operating executive who currently serves as Senior Vice President and Treasurer of iHeartMedia, Inc., oversees the treasury, cash management and risk management functions for both iHeartMedia and CCOH and is directly responsible for management of the companies’ capital structure, liability management and liquidity.  In this new role, Coleman’s new responsibilities as CFO of CCOH will include assisting in the development of global financial strategy for each of the company’s operating divisions; leading all global financial functions, including liquidity management and tax strategies; supporting the capital allocation process; leading all M&A activities; and managing the company’s investor relations strategy, including equity and debt capital market communications.  He will report to William Eccleshare, who will serve as CEO of CCOH upon the companies’ separation.

The company also announced today that Lynn Feldman, currently serving as Executive Vice President and General Counsel of CCOH’s Clear Channel Outdoor Americas (CCOA) division, will become Executive Vice President, General Counsel and Corporate Secretary of CCOH when it becomes a standalone company.  Feldman will advise CCOH’s new Board of directors and senior leadership team on all major transactions, litigation, financial strategies and other critical initiatives; be responsible for the development and execution of the legal strategy and operations that support the company’s business plans; and lead the company’s compliance program.  Feldman, who in this new role will report to William Eccleshare, will also continue in her role as General Counsel for CCOA.  Adam Tow will continue as General Counsel of the International division, reporting into William Eccleshare.

“Our number one priority as Clear Channel Outdoor Holdings prepares to become a standalone company is to build the strong leadership team that can move quickly to position us for growth and success,” said Eccleshare.  “Brian and Lynn both have outstanding track records at Clear Channel over the past several years, and I am confident that they possess the strategic expertise and strong operational experience to enable us to hit the ground running as a newly independent company and emerge as a leader in the global out-of-home market.”

Forward-Looking Statements

This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “expect,” “believe,” “would,” “estimate,” “continue,” or “future,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, the proposed restructuring of iHeartMedia, timing to exit Chapter 11 and future outcomes. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements.

San Antonio, TX, February 4, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) announced today that its indirect, wholly-owned subsidiary, Clear Channel Worldwide Holdings, Inc. (“Clear Channel Worldwide”), will offer, subject to market and customary conditions, $2,200,000,000 aggregate principal amount of Senior Subordinated Notes due 2024 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

The Company, its wholly-owned subsidiary Clear Channel Outdoor, Inc., and certain of the Company’s other domestic subsidiaries will guarantee the Notes. The Notes will be unsecured senior subordinated obligations that will rank junior to all of Clear Channel Worldwide’s existing and future senior debt, equally with any of Clear Channel Worldwide’s existing and future senior subordinated debt and ahead of all of Clear Channel Worldwide’s existing and future debt that expressly provides that it is subordinated to the Notes. The guarantees of the Notes will rank junior to all of the guarantors’ existing and future senior debt, equally with any of the guarantors’ existing and future senior subordinated debt and ahead of all of the guarantors’ existing and future debt that expressly provides that it is subordinated to the guarantee of the Notes.

Clear Channel Worldwide intends to use the proceeds from the Notes to redeem all of its outstanding 7.625% Series A and Series B Senior Subordinated Notes due 2020 and satisfy and discharge the indenture governing such notes. Clear Channel Worldwide delivered today a conditional notice of redemption, calling such notes for payment on March 6, 2019. The redemption is conditioned on the closing of this offering and the notice thereof may be rescinded or amended if necessary.

The Notes and related guarantees will be offered only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities and foreign securities laws.

This press release is for informational purposes only and shall not constitute an offer to sell nor the solicitation of an offer to buy the Notes or any other securities. The offering is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.

About Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with over 450,000 displays in 31 countries across Asia, Europe, Latin America and North America. Reaching millions of people monthly, including consumers in 44 of the top 50 U.S. markets, Clear Channel Outdoor enables advertisers to engage with consumers through innovative advertising solutions. Clear Channel Outdoor is pioneering the integration of out-of-home with mobile and social platforms, and the company’s digital platform includes more than 1,200 digital billboards across 28 markets in the U.S. and over 13,000 digital displays in international markets.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements based on current Clear Channel Outdoor Holdings, Inc.’s management expectations. These forward-looking statements include all statements other than those made solely with respect to historical facts and include, but are not limited to, statements regarding the offering, the anticipated terms of the Notes and the anticipated use of the proceeds of the offering. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, whether or not the offering will be consummated and the terms of the Notes and the size, timing and use of proceeds of the offering. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Clear Channel Outdoor Holdings, Inc.’s ability to control or predict. Clear Channel Outdoor Holdings, Inc. undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Contact
For further information, please contact:

Media
Wendy Goldberg
Executive Vice President – Communications
(212) 377-1105

Investors
Eileen McLaughlin
Vice President – Investor Relations
(212) 377-1116

New Board Will Bring Broad, Global Expertise to Position the New Company for Future Growth

New York, NY and San Antonio, TX – February 4, 2019 –Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (PINK: IHRTQ), announced today the members selected to serve on its new Board of Directors when it becomes a standalone company upon iHeartMedia’s emergence from its previously announced restructuring process.

In conjunction with, and subject to, confirmation of iHeartMedia’s Plan of Reorganization, Clear Channel Outdoor Holdings’ (CCOH) post-emergence Board will consist of the following Directors, all of whom possess highly relevant knowledge and experience critical to positioning the company for future success:

Ben Moreland (Chair) – W. Benjamin (Ben) Moreland will serve as the lead independent director on the Board of Directors.  He is a private investor and retired CEO of Crown Castle, where he remains a member of the Board of Directors.  Crown Castle (NYSE: CCI), a leading provider of wireless infrastructure in the US, owns and operates over 40,000 towers and Small Cell facilities, supported by over 60,000 route miles of fiber in key US markets. An S&P 500 Company headquartered in Houston, Texas, Crown Castle has over 4,000 employees in the US. Prior to his retirement, Mr. Moreland served as Executive Vice Chairman from June 2016 through December 2017 and was President and Chief Executive Officer from July 2008 through May 2016.  From 2000 through 2008, Mr. Moreland was Chief Financial Officer.  Mr. Moreland joined Crown Castle in 1999, after 15 years with Chase Manhattan Bank and predecessor banks, primarily in corporate finance and real estate investment banking.

Mr. Moreland is a former board member and Chairman of the Board of WIA-The Wireless Infrastructure Association and former member of the Executive Board of the National Association of Real Estate Investment Trusts (NAREIT).  He also served on the Board of Directors of Calpine Corporation (NYSE: CPN) from 2009 until its privatization in March 2018, and Monogram Residential Trust (NYSE: MORE) from 2016 until its privatization in September 2017.  Mr. Moreland is also a former member of the executive board of the Greater Houston Partnership.

Mr. Moreland currently serves on the Board of Houston Methodist Hospital, where he chairs the subsidiary, Methodist Health Centers Board.  He is also a member of the Board of the Hope and Healing Center, a comprehensive mental health resource non-profit serving the Houston Community and beyond.  He is a member of the University of Texas McCombs School of Business Advisory Council and Chancellor’s Council Executive Committee.  He holds a BBA from The University of Texas at Austin and an MBA from The University of Houston.

William Eccleshare – Mr. Eccleshare is the current CEO and Board Chairman of Clear Channel International – the international division of Clear Channel Outdoor. Effective upon iHeartMedia’s emergence from its restructuring, Mr. Eccleshare will become Chief Executive Officer of the new standalone CCOH.  Mr. Eccleshare was formerly Chairman and CEO of BBDO Europe, Middle East and Africa (Omnicom), European Chairman of Young and Rubicam and Chairman and CEO of Ammirati Puris Lintas for Northern Europe. He also spent three years as a Partner at McKinsey & Co, leading the firm’s European Branding Practice. Mr. Eccleshare has an MA in History from Trinity College, University of Cambridge. 

John Dionne – Mr. Dionne is a Senior Advisor to the Blackstone Group and a Senior Lecturer in the Finance Unit at the Harvard Business School. He is also a director of Caesars Entertainment, Cengage Learning Holdings II, Inc., Momentive Performance Materials, Inc. and Pelmorex Media, Inc. Until he retired from his position as a Senior Managing Director of Blackstone in 2013, Mr. Dionne was most recently Global Head of its Private Equity Business Development and Investor Relations Groups and served as a member of Blackstone’s Private Equity and Valuation Committees. Mr. Dionne originally joined Blackstone in 2004 as the Founder and Chief Investment Officer of the Blackstone Distressed Securities Fund. Mr. Dionne began his career with Price Waterhouse and holds an M.B.A. from the Harvard Business School and a BS degree in Accounting, Economics, and Finance from The University of Scranton.   

Lisa Hammitt – Ms. Hammitt is a senior software executive with 25 years of industry experience. As Vice President of Cloud Marketplace and SaaS at IBM, she helps customers leverage Cognitive Computing in the Cloud. Prior to IBM, Ms. Hammitt was a VP of Marketing of Salesforce Community Cloud, where she spearheaded strategy that drove community adoption and reach. Before Salesforce, she headed mergers and acquisitions in Information Management and Cloud Computing at IBM and HP. Ms. Hammitt received a BA in economics and French from UC Berkeley and completed graduate course work in Artificial Intelligence at Stanford University.

Andrew Hobson – Mr. Hobson serves as Partner and Chief Financial Officer at Innovatus Capital Partners, LLC. Prior to joining Innovatus, Mr. Hobson was a senior Financial Executive at Univision for over twenty years. He served as Senior Executive Vice President at Univision Communications Inc. since 2004 and Chief Financial Officer since 2005. Mr. Hobson holds a B.S.E. in both Finance and Accounting, magna cum laude, from University of Pennsylvania – The Wharton School. 

Tom King – Mr. King has more than 30 years of experience in the investment banking and financial services industry.  Most recently, Mr. King served as Chief Executive Officer of Investment Banking at Barclays and Chairman of the Investment Banking Executive Committee. Mr. King was also a member of the Barclays Group Executive Committee which oversees all of the Barclays plc businesses. Mr. King is an Operating Partner at Atlas Merchant Capital. He holds a BA in Economics from Bowdoin College and an MBA in finance from University of Pennsylvania - The Wharton School.

Joe Marchese – Joe Marchese is President of Advertising Revenue for Fox Networks Group, a role in which he oversees advertising sales, research and innovation for FOX Broadcast, FOX Sports, FS1, FX, FXX and National Geographic. This includes tentpole advertising events like the World Series and Super Bowl. Mr. Marchese was previously co-founder and CEO of true[X], the leader in ad engagement technology, which was acquired by 21^st Century Fox in 2015. Prior to co-founding true[X], Joe has spent time as a media executive, management consultant and multiple time entrepreneur.  Mr. Marchese is also the Executive Chairman of Human Ventures, a leading New York based start-up studio and venture fund. He is a member of the Board of Trustees of the Paley Center for Media. He also serves on Board of Directors for the non-profits Tribeca Film Institute and Team Rubicon. In 2016, Mr. Marchese was inducted into the American Advertising Federation’s Advertising Hall of Achievement. He graduated from Bentley University in Waltham, Massachusetts with a bachelor’s degree in Economics and Finance.

MT Rainey – British-born Ms. Rainey is a highly respected advertising industry leader in both the UK and the U.S.  As SVP Planning Director of Chiat/Day in the U.S. she pioneered the discipline of Account Planning across the U.S. offices, then returned to found Chiat/Day UK as CEO in London. She subsequently founded the highly successful agency Rainey Kelly Campbell Roalfe which was eventually acquired by Y&R, then became Joint CEO of the merged agency, leading it to a top 5 position within 4 years as part of WPP. She was Chairman of and investor in Th_nk Ltd, a digital transformation agency recently sold to EPAM U.S. She also recently completed a six-year term as Non-Executive Director of Channel 4 Television, the latter two years as Deputy Chair. She has previously served as a Board Director on a number of publicly listed UK companies and is currently on the Board of Hays plc.

Jinhy Yoon – Ms. Yoon is an executive vice president and credit analyst at PIMCO covering technology, media and telecom companies. Prior to joining PIMCO in 2010, she was an equity research analyst at J.P. Morgan Securities in San Francisco, focusing on the semiconductor capital equipment sector. Previously, Ms. Yoon covered integrated oil companies and independent refiners as an equity analyst at Bear Stearns and was a corporate attorney with Simpson Thacher & Bartlett in New York. She has 14 years of investment experience and holds a J.D. from Columbia University School of Law and a Bachelor of Business Administration degree from the University of Notre Dame. She is also a retired Certified Public Accountant (CPA).

The post-emergence Board is excited about CCOH’s prospects and looks forward to working with its strong management team to position the Company for future growth. Upon emergence, addressing the capital structure, including reducing leverage, will be a priority and CCOH has a variety of tools to do so.

“The quality of CCOH’s new Board is further validation of the strength of its business,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc.  “Its members have broad and global expertise across advertising and media businesses, telecom, technology, strategy and planning, and financial service -- and are leaders who will provide the kind of knowledge and experience critical to positioning CCOH for future growth and success.”

Clear Channel Outdoor Holdings, Inc.’s current Board of Directors will remain in place until iHeartMedia emerges from its restructuring, at which time the new CCOH Board will assume its responsibilities.  Until the company exits the restructuring process, Bob Pittman and Rich Bressler will continue their current leadership roles for CCOH, with Mr. Pittman as CEO and Mr. Bressler as Chief Financial Officer.

Forward-Looking Statements

This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “expect,” “believe,” “would,” “estimate,” “continue,” or “future,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, the proposed restructuring of iHeartMedia, timing to exit Chapter 11 and future outcomes. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements.

William Eccleshare to Become Chief Executive Officer of the New Standalone CCOH

San Antonio, TX, [December 21, 2018] – iHeartMedia, Inc. (PINK: IHRTQ) (“iHeartMedia”) and Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (“CCOH”) announced that they have reached an agreement on the material terms to fully separate CCOH’s business from iHeartMedia, which currently owns 89.1% of CCOH’s outstanding common stock.

The separation is expected to occur in conjunction with, and is subject to, iHeartMedia’s emergence from its ongoing restructuring process.  The material terms of the separation are outlined in CCOH’s Form 8-K, which was filed with the Securities and Exchange Commission on Monday, December 17, 2018.

Effective upon iHeartMedia’s emergence, William Eccleshare will become Chief Executive Officer of CCOH. Mr. Eccleshare, who currently serves as Chairman and CEO of Clear Channel International (CCI), has deep experience in creating value for advertisers across the out-of-home industry. He joined CCI in 2009 and went on to lead Clear Channel Outdoor, including full operational responsibility for CCI and Clear Channel Outdoor Americas (CCOA), before assuming his current role, in which he is responsible for overseeing CCI’s business operations in 22 countries across Asia, Europe and Latin America. Mr. Eccleshare will be based in London and will also continue to lead CCI as part of his new role.

Scott Wells will continue to lead CCOA as CEO, driving innovation and a customer-centric focus at the business. He will report to Mr. Eccleshare.

Until the company exits the restructuring process, Bob Pittman and Rich Bressler will continue their current leadership roles for CCOH, with Mr. Pittman as CEO and Mr. Bressler as President and Chief Financial Officer.

Mr. Eccleshare will also be a member of the new Board of Directors of CCOH, which will be announced prior to the separation.

“Today’s announcement is recognition that while iHeartMedia and CCOH are both very strong in their respective areas – iHeartMedia is America’s number one audio company and CCOH is one of the world’s largest outdoor advertising companies – their key constituencies have little strategic overlap. We believe that the separation of the two businesses makes strategic and financial sense, and will allow each company to better achieve their individual missions,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. and current CEO of Clear Channel Outdoor Holdings, Inc. “Although both businesses are powerful advertising platforms, they each have valuable but different touch points within the advertising community and pursuing separate, highly-targeted strategies will unlock their full potential as freestanding companies.”

“William Eccleshare has a long, successful track record at CCOH, and throughout his career in the advertising industry, and has played an instrumental role in driving growth across CCOH’s business, especially in digital,” said Mr. Pittman. “Scott Wells will continue his successful leadership of CCOA, fostering deep relationships with advertising partners and growing the company’s offerings in exciting areas such as programmatic. With these strong leaders and CCOH’s creative, innovative and dedicated team, the future standalone company will be very well positioned for future growth and success.”

CCOH’s current leadership and Board of Directors will remain in place until iHeartMedia exits its restructuring process, at which time the new executives and Board will assume their responsibilities.

Leading National Multi-Platform Media and Entertainment Company Writes Advertising History Atop NYC’s Largest Rooftop Billboard

NEW YORK - July 19, 2016 - iHeartMedia Inc., the media and entertainment company with the largest reach of any radio or TV outlet in America, staked its claim to the New York skyline with its new presence on one of the city’s most iconic billboards, high atop the old Ruppert Ice House, overlooking the Triboro/RFK Bridge leading into Manhattan and out of The Bronx. The billboard displays the company’s nationally-recognized iHeartRadio logo and is one of only eight brands to grace this historic billboard over the last 80 years. iHeartMedia joins Pepsi and Domino Sugar as one of only three historic billboards along the East River.

The new iHeartMedia billboard is over 8,000 square feet (the size of 12 traditional roadside billboards) and is visible for miles from various vantage points around the city. In addition to the iHeartRadio logo, the billboard will display a digital LED screen that promotes iHeartMedia’s iconic New York City-based station brands -- Z100, Power 105, KTU, Lite FM, Q104.3 and WOR -- and upcoming events such as the iHeartRadio Jingle Ball Tour and the iHeartRadio Music Awards, among other nationally-recognized iHeartMedia brands and events. The billboard will reach millions of people weekly and is scheduled for completion in the coming days.

“Given iHeartMedia’s huge audience, unparalleled national and local reach and profile, it’s only fitting that the company would have the most historic and viewed sign in New York City,” said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Americas.

“In just five years the iHeartRadio national brand has grown into one of the most-recognized consumer media and entertainment brands in America, and our iconic New York radio stations, including Z100, Power 105, KTU, Lite FM, Q104.3 and WOR, continue to be a huge part of the fabric of the city. We couldn’t be more excited to now become part of New York City’s physical skyline,” said Bob Pittman, Chairman and CEO of iHeartMedia, Inc. “We are proud of iHeartRadio’s strong presence in New York City, and this incredible billboard, which reaches millions of people every month with the power of this display, embodies our presence here and our commitment to our listeners.”

"Having Clear Channel Outdoor Americas reinvest in this iconic sign, which serves as a beacon to all Bronx residents and a landmark throughout the region, while also having a leading national media company move into our neighborhood via this historic billboard is emblematic of the continued revitalization of The Bronx," said Bronx Borough President Ruben Diaz. "On behalf of the millions who travel this route every week, and the more than 1.4 million people who live here, I am thrilled to welcome iHeartMedia to our borough's waterfront."

Clear Channel Outdoor Americas has invested $2 million in the billboard’s renovation over the last year and worked with officials to secure its grandfathered status in 2015. This billboard, and the building it stands proudly atop, carries with it a rich history dating back to the 1920s.

The building was constructed for Jacob Ruppert, who owned the Yankees, built Yankee Stadium and brought Babe Ruth to the team. The Ruppert family owned and operated Rupert Beer and Knickerbocker Beer and originally used the building to store ice and keep beer cold prior to the refrigeration era. Ruppert Beer was the first brand to adorn this now iconic sign, maintaining its presence there from 1936 to 1952.

Each brand that followed in Ruppert’s footprint for the next 80 years held claim to the billboard for nearly a decade or more. These include: Knickerbocker Beer (1952-1962), City Services Gasoline (aka Citgo, 1962- early 70s), Kent Cigarettes (early 70s – late 70s), Golden Lights Cigarettes (early 80s – late 80s), Newport Cigarettes (early 90s – 1999), HISTORY Channel (2000-2015) and now iHeartMedia (2016 - ).

Clear Channel Outdoor Holdings, Inc. Closes Sales of Five Outdoor Markets to Lamar Advertising Company for $458.5 Million 
 
January 7, 2016 - New York, New York – Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (OTCBB:IHRT), today announced the closing of two transactions involving the sale by its Clear Channel Outdoor Americas segment (CCOA) of non-strategic outdoor markets for $458.5 million, in the aggregate, to Lamar Advertising Company (Nasdaq: LAMR).
 
The first transaction is the sale of Reno, NV; Seattle/Tacoma, WA; and Des Moines, IA. On a trailing 12-month basis ended September 30, 2015, these markets generated $40.9 million in net revenues and $18.9 million in OIBDAN1. The second transaction includes Cleveland, OH and Memphis, TN, which generated $35.6 million in net revenues and $17.8 million in OIBDAN1 on a trailing 12-month basis ended September 30, 2015. The aggregate purchase price of $458.5 million represents a blended multiple of 12.5x of the five markets’ OIBDAN1 on a trailing 12-month basis ended September 30, 2015. With these transactions, Clear Channel Outdoor Americas (CCOA) now has operations in 44 of the top 50 U.S. markets.
 
“Lamar made a very attractive offer that makes sense for CCOA, given our focus on core markets where we have a strong presence and scale,” said Scott Wells, CEO of CCOA.  “These transactions give us more focused operations and free up resources to continue to drive innovation in the out-of-home space, and are a win for both companies.”
 
The Company is considering the optimal uses of the proceeds of the sales.
 
1 OIBDAN is a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. OIBDAN does not represent and should not be considered an alternative to operating income, as determined under GAAP. For a reconciliation of OIBDAN to operating income, please see our Current Report on Form 8-K dated January 7, 2016.

Restored, Polaris, Indiana Attorney General Greg Zoeller, Law Enforcement and Members of the Outdoor Ad Industry Lead Effort to Raise Awareness, Help Victims and Stop Human Trafficking

Scott Wells Becomes Chief Executive Officer, Clear Channel Outdoor Americas

class="page-title">Gerald R. Ford International Airport  Launches Clear Channel Outdoor’s ClearVision TV Network as GRR-TV, Featuring Original Content

Advertisers to Benefit from Dynamic Platform Reaching GFIA’s More Than Two Million Annual Passengers

New York, NY– Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor (NYSE: CCO), and a subsidiary of iHeartMedia Inc., announced today that its in-airport TV network, ClearVision, is now available and broadcasting as GRR-TV at Gerald R. Ford International Airport (GRR) giving businesses and brands operating in Michigan and beyond, including local tourist attractions, a new channel for advertising.
 
ClearVision remains the only airport television network that links brand campaigns to a variety of content from major TV networks, including; ABC, FOX, NBC, E!, PGA Tour and many more. ClearVision delivers a lineup of top network shows from over 200 content providers, transformed into short-form “mini-sodes” covering entertainment, news, weather and sports and enabling airports to offer a customized TV station featuring local businesses and airport promotions.

Additionally, ClearVision is now producing original content from many premiere and red carpet exclusive Hollywood events such as the American Idol finale, the Grammy’s and the Emmy’s. Original lifestyle and sports content for the network leverages the talents of home and style guru Jennifer Adams and MLB All Star Royce Clayton. Popular local attractions, including the Children’s Museum of Grand Rapids and Friends of Grand Rapids Parks, have already signed on as content providers.

“Launching GRR-TV supports our brand promise and helps solidify that ‘getting there is better here,’” said Gerald R. Ford International Airport Executive Director Brian Ryks.  “Coming off our 50th anniversary celebration, this ‘in-airport TV network’ further contributes to our expansion projects and contributes toward an elite airport status with an eye toward passenger conveniences.”

This latest ClearVision TV instalment follows CCA’s signing a new 10 year deal with ClearTV Media in Dec. 2014, to continue delivering diverse broadcast and cable network TV programming to airport travellers, while also offering local, regional and national brands unique and immersive digital place based advertising opportunities.

“We are thrilled to continue our successful relationship with Clear Channel Airports by bringing ClearVision to GRR,” said David Tetreault, COO, ClearTV Media. “As broadcasters in the away-from-home television space, we deliver a programming line-up embraced by travelers because of the rich entertainment, education and information and by advertisers for our delivery of the highly desirable demographic – the affluent business traveler."

“Adding GRR to our ClearVision portfolio underscores our ongoing commitment to helping airports across the country reach their goals,” said Jon Sayer, president, Clear Channel Airports. “The addition of in-airport TV to the growing list of amenities at GRR will be a significant contributor to the airport’s goals for providing enhanced amenities and creating new business opportunities.”

Since its launch in 2012, CCA has deployed ClearVision in Louis-Armstrong New Orleans International Airport (MSY), Raleigh-Durham International (RDU),Cleveland-Hopkins International (CLE) and Dallas Love Field (DAL) airports.  All participating airports have leveraged the unique ability to create their own locally branded television networks, featuring the best content in both national and local news, entertainment, sports and weather.