Clear Channel Outdoor reports Q4 revenue $426.72M vs. $416.01M last year

“With the announced agreement to sell our Europe-North segment as well as the sale of our businesses in Mexico, Chile and Peru, we continue to execute on our plan to focus on our higher margin U.S. markets,” said Scott Wells, CEO of Clear Channel Outdoor (CCO) Holdings. “We are following a path aimed at enhancing our ability to drive organic cash flow with the ultimate goal of reducing leverage on our balance sheet. These steps are good progress as we continue to reduce risk and create optionality through our U.S. focus.”