Company: CCO
Filing Date: 2025-05-20
Form Type: CORRESP
Source: 0001334978-25-000014
Chunk: 1

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-20
Form: CORRESP
Chunk 1
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 addition, the Company sells one tangible product: the printed advertising copy (often produced on vinyl or polyethylene material), which is provided exclusively as part of the Company’s creative and operational services noted above and which represents a very small portion of the Company’s consolidated revenue. The Company also generates non-advertising revenue that comprises yet a smaller portion of its consolidated revenue. 1

For each of the years ended December 31, 2024, 2023 and 2022, revenue from tangible products (i.e., advertising copy) and non-advertising revenue represented, in the aggregate, less than 5% of the Company’s consolidated revenue. Accordingly, the Company has not disaggregated such revenue from revenue derived from services. As the Company presents revenue on an aggregate basis, the Company also presents direct operating expenses on the same basis in accordance with Rule 5-03.2 of Regulation S-X.

As a result, the Company believes that its presentation of revenue on the consolidated statements of loss complies with the requirements of Rules 5-03.1 and 5-03.2 of Regulation S-X.

Note 3 - Dispositions and Discontinued Operations

Discontinued Operations, page 60

2. Please tell us your consideration of disclosing the total operating and investing cash flows, the depreciation and amortization, and significant operating and investing noncash items of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported. Refer to ASC 205-20-50-5B(c).

#### Response
:

The Company has considered the disclosure requirements under ASC 205-20-50-5B(c), which allow for the presentation of either:

1. total operating and investing cash flows of the discontinued operation; or

2. depreciation, amortization, capital expenditures, and significant operating and investing noncash items of the discontinued operation.

In accordance with ASC 205-20-50-5B(c), the Company elected to disclose the information outlined in paragraph (2) above. These disclosures are included in Note 3 to the Company’s audited consolidated financial statements starting on page 62 of the Form 10-K, as outlined below:

• Depreciation and amortization : Presented as a separate line item within the table in the “Loss from Discontinued Operations” section of Note 3.

• Capital expenditures : Presented in the “Capital Expenditures of Discontinued Operations” section of Note 3.

• Significant operating noncash items