Last $8.35 USD
Change Today +0.25 / 3.09%
Volume 643.0
CCMO On Other Exchanges
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

cc media holdings inc-a (CCMO) Snapshot

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cc media holdings inc-a (CCMO) Details

CC Media Holdings, Inc., together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States. The company operates through three segments: Media and Entertainment, Americas Outdoor Advertising, and International Outdoor Advertising. The Media and Entertainment segment provides radio broadcasting, online and mobile services and products, program syndication, entertainment, traffic data distribution, and music research services, as well as owns a portfolio of stations that offer various programming formats, including adult contemporary, country, contemporary hit radio, rock, news/talk, sports, urban, oldies, and others. It also operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 90 syndicated radio programs serving approximately 5,000 radio station affiliates, as well as delivers real-time traffic information through navigation systems, radio and television broadcast media, and wireless and Internet-based services. As of December 31, 2013, this segment owned 835 radio stations, which include 239 AM and 596 FM radio stations. The Americas Outdoor Advertising segment owns or operates display structures consisting of traditional and digital billboards, street furniture and transit displays, airport displays, mall displays, wallscapes, and other spectaculars focusing on metropolitan areas. As of December 31, 2013, this segment owned or operated approximately 105,000 display structures. The International Outdoor Advertising segment owns or operates displays comprising street furniture and transit displays, billboards, mall displays, Smartbike programs, wallscapes, and other spectaculars in Europe, Asia, Australia, and Latin America. As of December 31, 2013, this segment operated approximately 570,000 displays. The company was founded in 1972 and is headquartered in San Antonio, Texas.

20,800 Employees
Last Reported Date: 02/20/14
Founded in 1972

cc media holdings inc-a (CCMO) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Exec...
Total Annual Compensation: $1.0M
President, Chief Financial Officer and Direct...
Total Annual Compensation: $1.8M
Chairman of Clear Channel Media & Entertainme...
Total Annual Compensation: $1.2M
Chief Executive Officer of Clear Channel Outd...
Total Annual Compensation: $1.1M
Executive Vice President, General Counsel and...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

cc media holdings inc-a (CCMO) Key Developments

Clear Channel Names Brian Lakamp as President of Technology and Digital Ventures

Clear Channel announced that it is named Brian Lakamp its President of Technology and Digital Ventures. In this new role, Lakamp will work closely with Pittman and Rich Bressler, Clear Channel's President, to lead the overall technology platform and capabilities for all of Clear Channel, maximizing the impact across all of its technology businesses -- including its broadcast, digital radio, events and promotions and out-of-home businesses. He will also be responsible for developing the company's overall place in the worlds of big data and programmatic buying. He will serve as the company's corporate voice on major technology projects, oversee Clear Channel's relationship with Silicon Valley and the tech community, and develop a corporate strategy that unifies all Clear Channel technology platforms for the benefit of both consumers and advertisers. Lakamp will report to Pittman, and reporting to Lakamp will be Jeff Littlejohn, Executive Vice President of Engineering and Systems Integration; Pete Gerrald, Chief Information Officer; Philippe Generali, President and CEO of Clear Channel's RCS Worldwide division; and Joe Robinson, Executive Vice President of Strategic Development.

CC Media Holdings, Inc. Provides Capex Guidance for the Year 2014

CC Media Holdings, Inc. provided capex guidance for the year 2014. The company expects capex to remain unchanged at $300 million for the year 2014.

Cc Media Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

CC Media Holdings, Inc. reported consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company has posted revenue of $1,342,548,000 against $1,343,058,000 a year ago. Operating income was $82,813,000 against $81,328,000 a year ago. Loss before income tax was $364,002,000 against $305,444,000 a year ago. Net loss attributable to the company was $424,190,000 against $203,003,000 a year ago. The increase was primarily attributable to non-cash deferred income taxes, as well as higher interest expense, and equity in losses of non-consolidated affiliates. The company's OIBDAN was down 2%, or $6 million, to $261 million for the three months ended March 31, 2014, versus $267 million for the same period of 2013. Capital expenditures were approximately $67 million compared to $62 million for the same period in 2013. Cash used for operating activities was $92 million.


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