Clear Channel Outdoor Holdings Inc CCO
Q2 2010 Earnings Call Transcript

Transcript Call Date 08/09/2010

Operator: Ladies and gentlemen, thank you for standing by and welcome to Clear Channel Outdoor Quarterly Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions). As a reminder this teleconference is being recorded. At this time, I will turn the conference call over to your host head of Investor Relations, Mr. Randy Palmer. Please go ahead, sir.

Randy Palmer - SVP of IR: Thank you for joining us for Clear Channel Outdoor Holdings's Second Quarter 2010 Conference Call. Joining me today for the call are Mark Mays, President and Chief Executive Officer; Tom Casey, Chief Financial Officer and Brian Coleman, Treasurer. Mark will open up the call and will be followed by Tom, and after Tom's comments we will open up the lines for questions.

Before we begin, I would like to remind everyone that this conference call may include forward-looking statements that involve uncertainties and risks. There can be no assurance that management's expectations, beliefs and projections will result or be achieved or that actual results will not differ from expectations.

Please see our annual report on Form 10-K and our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission for discussion of important factors that could impact our actual results. Pacing data information may be mentioned during this call. For those not familiar with pacing data, it reflects revenue spoke at a specific date versus the comparable date in the prior period and may or may not reflect the actual revenue growth at the end of the period.

The Company's revenue pacing information includes an adjustment to prior periods to include all acquisitions and exclude all divestitures in both periods presented for comparative purposes. It also excludes effects of foreign exchange movements.

During today's call, we will provide certain performance measures that do not conform to Generally Accepted Accounting Principles. We've provided schedules that reconcile these non-GAAP measures with the reported results on a GAAP basis is part of our earnings press release which can be found on the Investors section of our website at, or

Our webcast to this and the earnings release that was issued today can be found on the Investors section of each of the company's websites. A replay of this conference call will be available for one week.

Before I turn the call over to Mark, I would like to note that this call is for Clear Channel Outdoor Holdings and we will not be devoting time to C C Media Holdings on this call. I would also like to state that the 10-Qs for Clear Channel Outdoor, C C Media Holdings and Clear Channel Communications were filed today.

Finally, I would like to note that if you do have any follow-up questions after the completion of this conference call over the next week or so, please feel free to e-mail those to ccoinvestorq&

With that I will turn the call over to Mark Mays.

Read our Earnings Call Transcript disclaimer.
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