Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), an outdoor advertising company, confirmed on Thursday two transactions involving the sale of five non-strategic outdoor markets to Lamar Advertising Co (NASDAQ: LAMR) for an aggregate amount of $458.5 million. The first transaction involves the...

Benchmark is out with its report today on Clear Channel Outdoor (NYSE: CCO), commenting on Q4 10 results. In a note to clients, Benchmark writes, "Clear Channel Outdoor reported 4Q10 revenue of $793 million, up 4%, just below consensus of $805 million, but OIBDAN of $207 million, up 33% y/y,...

Clear Channel Outdoor (NYSE: CCO) reported solid 4Q10 results with revenue and OIBDAN of $793M/$208M “versus our estimates of $813M/$193M,” Piper Jaffray reports. “Revenues improved 3.9% (5% ex FX) and OIBDAN growth was an impressive 33%,” Piper Jaffray writes. “Management was upbeat on the call,...