CCO Reports 2Q Revenue Increased 2 Percent

• Revenues increased 2% to $781 million, with International revenues increasing 7% and Americas declining 5%
• OIBDAN1 was down 3% to $197 million, with Americas declining 8% and International increasing 5%

Bob Pittman

Clear Channel Outdoor Holdings, Inc. (CCO) today reported financial results for the second quarter ended June 30, 2014.

"We are continuing to make progress across our Outdoor businesses, engaging global consumers more deeply than ever with the industrys most advanced solutions and initiatives," said Bob Pittman, Executive Chairman of Clear Channel Outdoor Holdings, Inc.

"At last months Cannes Lions International Festival of Creativity, William Eccleshare and our Clear Channel Outdoor team represented their groundbreaking vision and innovation to the leadership of the worlds biggest global brands and agencies in advertising, creative and media. We were especially proud to see our recent innovative work with partners earn well-deserved international industry recognition, including Clear Channel UKs collaborative work with British Airways to create its digital out-of-home campaign, which earned nine awards."

"Our International business delivered standout growth of 7% in revenues and 5% in OIBDAN during the quarter, with continued momentum in Western Europe, as well as China and Brazil, said Chief Executive Officer William Eccleshare. The growth of our local advertising business in the Americas was strong, and we are refocusing national sales operations to fully capitalize on growing demand for out-of-home advertising in the US."