Clear Channel Outdoor Holdings begins operating as an independent company

Led by its CEO, William Eccleshare, this holding, composed of Clear Channel International and Clear Channel Outdoor Americas, will operate with its own board of directors and will be listed on the New York Stock Exchange under the symbol CCO.

Outdoor advertising company Clear Channel Outdoor Holdings (CCOH) has completed the separation of iHeartMedia to become an independent company with its own board of directors. The common shares will continue to trade on the New York Stock Exchange under the symbol CCO.

CCOH is a holding company integrated by Clear Channel International (CCI), covering Asia business, Europe and Latin America; y Clear Channel Outdoor Americas (CCOA), which includes the United States and Caribbean markets. The two will continue to operate as separate business divisions..

This new chapter of the company will be led by its CEO William Eccleshare and the newly appointed board of directors of CCOH.

“Today is an important milestone for our company. This new chapter gives us the stability to continue investing in the outdoor transformation, while ensuring we maintain our position as a market leader in a fast and efficient movement. I am delighted to lead Clear Channel Outdoor Holdings as we embrace our new position as an independent company., and we take advantage of the strong results obtained by our CCI and CCOA divisions last year”, comment on Eccleshare.

“I joined CCOH at a very exciting time for the company. Our new Board has extensive global experience of various non-core funds, including technology sectors, data and advertising, and financial expertise to support CCOH as it continues to drive best-in-class solutions and innovations for out oh home customers.”, adds Ben Moreland, Chairman of the CCOH Board.

CCOH's separation from parent company iHeartMedia was announced in December 2018 as part of iHeartMedia's financial restructuring process, while the appointments of the CCOH board of directors were published at the beginning of the year and today the separation has become effective.

Clear Channel Outdoor Holdings is one of the largest advertising companies in the world, with a portfolio made up of 450.000 screens installed in 31 Asian countries, Europa, Latin America and North America. A growing digital platform that includes more than 13.500 digital screens in its international markets and more than 1.200 digital posters in 28 markets in the United States.