CC Media Holdings (OTCBB:CCMO) is the parent of Clear Channel Communications, a global media and entertainment company specializing in providing mobile and on-demand entertainment and information services for local communities and premier opportunities for advertisers – through outdoor, radio and digital platforms.
Based in San Antonio, Texas, the company was founded in 1972 and today operates two main businesses – outdoor advertising – through its subsidiary Clear Channel Outdoor Holdings (publicly traded under ticker symbol NYSE: CCOH), and broadcast and digital media and entertainment services through wholly-owned Clear Channel Radio.
With nearly $6 billion in annual revenue, the company is focused on building the leadership position of its assets and maximizing financial performance across its globally diversified platform. Clear Channel is investing strategically in its digital platforms, including the development of the next generation of iHeartRadio and the ongoing deployment of digital outdoor displays. Top line growth combined with a focus on cost management has resulted in consistent improvement in Clear Channel’s overall operating profit margin.
