Business
Clear Channel Outdoor Holdings, Inc. Reports Results for the First Quarter of 2026
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2026.
About this update from Clear Channel Outdoor Holdings, Inc.
[{"type":"text","content":"SAN ANTONIO, May 6, 2026 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2026.","length":191,"tagName":"p"},{"type":"text","content":"Pending Take-Private Merger:","length":28,"tagName":"p","attribs":{}},{"type":"text","content":"On February 9, 2026, the Company entered into a definitive agreement (the "Merger Agreement") to be acquired by an investor consortium comprised of affiliates and/or certain investment funds advised by Mubadala Capital, in partnership with TWG Global (the "Merger"). Under the terms of the Merger Agreement, the consortium will acquire all outstanding shares of the Company's common stock (subject to certain exceptions), with the Company's common stockholders receiving $2.43 per share in cash.","length":523,"tagName":"p"},{"type":"text","content":"The Merger is expected to close by the end of the third quarter of 2026, subject to the satisfaction of customary closing conditions, including receipt of required stockholder and regulatory approvals, such as review by the Committee on Foreign Investment in the United States. The applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on April 9, 2026. Upon consummation of the Merger, the Company's common stock will no longer be listed for trading on any public market.","length":532,"tagName":"p"},{"type":"text","content":"In April 2026, the Company filed a definitive proxy statement with the Securities and Exchange Commission ("SEC") relating to the Merger, and a special meeting of stockholders is scheduled to be held on May 12, 2026 (subject to adjournment or postponement) to consider and vote on the adoption of the Merger Agreement.","length":328,"tagName":"p"},{"type":"text","content":"In light of the Merger, the Company will not host a public earnings conference call or webcast and is not providing financial guidance.","length":135,"tagName":"p"},{"type":"text","content":"Financial Highlights:","length":21,"tagName":"p","attribs":{}},{"type":"text","content":"Financial highlights for the first quarter of 2026 compared to the same period in 2025:","length":87,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","...