iHeartMedia, Inc. Reports Results for Second Quarter 2016
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Clear Channel Outdoor Holdings (CCO) Posts Q2 Results
August 4, 2016 8:42 AM EDTClear Channel Outdoor Holdings (NYSE: CCO) reported Q2 revenue of $712.15 million versus the consensus estimate of $721.57 million.
Consolidated revenue decreased 1.5%. Consolidated revenue increased 3.2%, after adjusting for a $6.2 million impact from movements in foreign exchange rates and the $27.1 million impact of the non-strategic outdoor markets we sold in the first quarter of 2016.Americas revenues decreased $15.8 million, or 4.6%. Revenues increased... More