A Director at Clear Channel Outdoor is Exercising Options


Today it was reported that a Director at Clear Channel Outdoor (CCO), Dale Tremblay, exercised options to buy 36,493 CCO shares at $3.55 a share, for a total transaction value of $129.7K.

Following this transaction Dale Tremblay’s holding in the company was increased by 39.36% to a total of $789.4K.

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Based on Clear Channel Outdoor’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $748 million and quarterly net profit of $25.65 million. In comparison, last year the company earned revenue of $599 million and had a GAAP net loss of $127 million. Currently, Clear Channel Outdoor has an average volume of 64.05K.

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Clear Channel Outdoor Holdings, Inc. engages in the provision of advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays. It operates through the Americas and International Outdoor segments. The Americas segment primarily includes operations in the United States.

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