Clear Channel Outdoor Holdings Inc.

NYSE:CCO   3:59:59 PM EDT
2.18
-0.16 (-6.84%)
Debt Financing / Related, Layoffs, Other Pre-Announcement

Clear Channel Outdoor Holdings - Committed To Restructuring Plan For International Division Whereby Co Will Reduce Headcount In Europe, Latin America

Published: 09/15/2020 22:00 GMT
Clear Channel Outdoor Holdings Inc. (CCO) - Clear Channel Outdoor Holdings - Committed to Restructuring Plan for International Division Whereby Co Will Reduce Headcount in Europe, Latin America.
Clear Channel Outdoor Holdings - Estimates Total Charges for Restructuring Plan, Including Actions Already Taken, Will Be About $21 Million - $24 Million.
Clear Channel Outdoor Holdings Inc - Anticipated That Restructuring Plan Will Be Substantially Complete by Mid-2021.
Clear Channel Outdoor Holdings Inc - Expects Restructuring Plan to Result in Pre-tax Annual Cost Savings in Excess of $20.0 Million.
Clear Channel Outdoor Holdings Inc - Continues to Consider Other Cost Reduction Initiatives, Including in Americas Division.