Last $7.54 USD
Change Today +0.28 / 3.86%
Volume 18.5K
CCMO On Other Exchanges
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OTC US
As of 3:46 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 East Basse Road

San Antonio, TX 78209

United States

Phone: 210-822-2828

Fax:

CC Media Holdings, Inc. operates as a diversified media and entertainment company. Segments The company operates in three business segments: Media and Entertainment (CCME); Americas outdoor advertising (Americas outdoor); and International outdoor advertising (International outdoor). The company’s CCME segment provides media and entertainment services via broadcast and digital delivery and also includes its national syndication business. The company’s Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. The company’s Americas outdoor segment consists of operations primarily in the United States and Canada. The company’s International outdoor segment consists of operations primarily in Asia, Australia, Europe and Latin America. CCME The company’s CCME operations include radio broadcasting, online and mobile services and products, program syndication, entertainment, traffic data distribution and music research services. The company’s radio stations and content can be heard on AM/FM stations, HD digital radio stations, satellite radio, at iHeartRadio.com and its radio stations’ Websites, on gaming consoles, via in-home entertainment, in enhanced automotive platforms, through its iHeartRadio mobile application on tablets and smart phones, and via navigation systems. As of December 31, 2013, the company owned 835 domestic radio stations servicing approximately 150 U.S. markets. The company is also the beneficiary of Aloha Station Trust, LLC, which owns and operates 19 radio stations which the company was required to divest in order to comply with Federal Communication Commission (FCC) media ownership rules, and which are being marketed for sale. The company’s portfolio of stations offers an assortment of programming formats, including adult contemporary, country, contemporary hit radio, rock, news/talk, sports, urban, oldies and others. In addition to its local radio programming, the company also operates Premiere Networks (Premiere), a national radio network that produces, distributes or represents approximately 90 syndicated radio programs and serves approximately 5,000 radio station affiliates, reaching approximately 190 million listeners weekly. The company operates Premiere Networks, a national radio network that produces, distributes or represents approximately 90 syndicated radio programs and services for 5,000 radio station affiliates, reaching approximately 190 million listeners weekly. Strategy: The company’s CCME strategy centers on delivering entertaining and informative content across multiple platforms, including broadcast, mobile and digital as well as promotional events. The company’s CCME strategy also focuses on continuing to improve the operations of its stations by providing valuable programming and promotions, as well as sharing best practices across its stations in marketing, distribution, sales and cost management. Americas Outdoor Advertising segment The company owns or operates approximately 105,000 display structures in the Americas outdoor segment with operations in 47 markets in the United States. The Americas outdoor assets consist of traditional and digital billboards, street furniture and transit displays, airport displays, mall displays, and wallscapes and other spectaculars, which the company owns or operate under lease management agreements. The company’s Americas outdoor advertising business is focused on metropolitan areas with dense populations. As of December 31, 2013, the company owned or operated approximately 105,000 display structures in its Americas Outdoor Advertising segment with operations in 47 of the 50 largest markets in the United States, including all of the 20 largest markets. Strategy: The company seeks to capitalize on its Americas Outdoor Network and diversified product mix to maximize revenue. The company’s outdoor strategy focuses on leveraging its diversified product mix and presence in its existing markets, which provides the company with the ability to launch new products and test new initiatives in a reliable and cost-effective manner. International Outdoor Advertising segment The International outdoor business segment includes its operations in Asia, Australia, Europe and Latin America. As of December 31, 2013, the company owned or operated approximately 570,000 displays across 28 countries. The company’s International outdoor assets consist of street furniture and transit displays, billboards, mall displays, Smartbike programs, wallscapes and other spectaculars, which the company owns or operate under lease agreements. The company’s International business is focused on metropolitan areas with dense populations. Other The company’s Other category includes its 100%-owned media representation firm, Katz Media, as well as other general support services and initiatives which are ancillary to its other businesses. Katz Media, a media representation firm in the U.S. for radio and television stations, sells national spot advertising time for clients in the radio and television industries throughout the United States. As of December 31, 2013, Katz Media represented approximately 4,000 radio stations. Katz Media also represents approximately 800 television and digital multicast stations. Regulations The company’s radio broadcasting is subject to the jurisdiction of the Federal Communications Commission under the Communications Act of 1934, as amended. History CC Media Holdings, Inc. was founded in 1972.

 

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