The Company’s key highlights include:
- Installing 49 new digital billboards for a total of 963 across 37 U.S. markets;
- Winning one of the largest advertising contracts in Norwegian history to manage all of the advertising across public transportation in the cities of Oslo and Akershus on behalf of Sporveis-Annonsene AS, one of Norway’s public transport companies;
- Renewing one of the largest out-of-home advertising contracts in Sweden with SL, Stockholm’s public transportation company; and
- Announcing Clear Channel Airports’ multi-year advertising contract extension with the Denver International Airport, creating one of the largest digital footprints of any North American airport; as well as, launching Clear Channel Airports’ new enhanced version of its flySMART mobile app to better serve airline passengers.
Revenues, Operating Expenses and OIBDAN by Segment
|(In thousands)|| Three Months Ended
|Operating expenses 1, 2:|
|Consolidated operating expenses||$||537,066||$||556,034||(3||%)|
|Corporate 1, 2||(27,798||)||(23,005||)|
|Consolidated OIBDAN||$||196,462||$ 210,169||(7||%)|
Certain prior period amounts have been reclassified to conform to the 2012 presentation of financials throughout the press release.