Clear Channel Outdoor (CCO) 10-Q 9 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 07, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	Clear Channel Outdoor Holdings, Inc.
Entity Central Index Key	1,334,978
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Common class A
Entity Common Stock, Shares Outstanding		47,326,266
Common class B
Entity Common Stock, Shares Outstanding		315,000,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 394,324	$ 412,743
Accounts receivable, net of allowance of $25,184 in 2016 and $25,348 in 2015	627,855	697,583
Prepaid expenses	136,523	127,730
Assets held for sale	55,184	295,075
Other current assets	68,945	34,566
Total Current Assets	1,282,831	1,567,697
PROPERTY, PLANT AND EQUIPMENT
Structures, net	1,254,395	1,391,880
Other property, plant and equipment, net	238,929	236,106
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles	961,194	971,327
Other intangibles, net	311,819	342,864
Goodwill	738,638	758,575
OTHER ASSETS
Due from iHeartCommunications	769,465	930,799
Other assets	118,325	107,540
Total Assets	5,675,596	6,306,788
CURRENT LIABILITIES
Accounts payable	71,131	100,210
Accrued expenses	485,802	507,665
Dividends payable	0	217,017
Deferred income	100,167	91,411
Current portion of long-term debt	9,662	4,310
Total Current Liabilities	666,762	920,613
Long-term debt	5,108,271	5,106,513
Deferred tax liability	638,037	608,910
Other long-term liabilities	257,549	240,419
Commitments and Contingent liabilities (Note 4)
SHAREHOLDERS’ DEFICIT
Noncontrolling interest	183,206	187,775
Preferred stock, $.01 par value, 150,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	3,429,456	3,961,515
Accumulated deficit	(4,228,707)	(4,268,637)
Accumulated other comprehensive loss	(378,628)	(451,833)
Cost of shares (611,127 in 2016 and 233,868 in 2015) held in treasury	(3,979)	(2,104)
Total Shareholders’ Deficit	(995,023)	(569,667)
Total Liabilities and Shareholders' Equity (Deficit)	5,675,596	6,306,788
Common class A
Common stock issued	479	467
Common class B
Common stock issued	$ 3,150	$ 3,150

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowances for receivables	$ 25,184	$ 25,348
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	150,000,000	150,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Class of Stock [Line Items]
Treasury stock (in shares)	611,127	233,868
Common class A
Class of Stock [Line Items]
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	750,000,000	750,000,000
Common stock issued (in shares)	47,912,625	46,661,114
Common class B
Class of Stock [Line Items]
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	600,000,000	600,000,000
Common stock issued (in shares)	315,000,000	315,000,000
Common stock outstanding (in shares)	315,000,000	315,000,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenue	$ 673,057	$ 696,277	$ 1,975,924	$ 2,034,139
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	366,086	372,716	1,075,841	1,108,029
Selling, general and administrative expenses (excludes depreciation and amortization)	126,164	132,559	388,532	392,211
Corporate expenses (excludes depreciation and amortization)	28,058	28,347	85,949	87,254
Depreciation and amortization	85,780	93,040	258,149	280,539
Impairment charges	7,274	21,631	7,274	21,631
Other operating income, net	1,095	5,029	226,485	244
Operating income (loss)	60,790	53,013	386,664	144,719
Interest expense	93,313	88,088	281,836	266,060
Interest income on Due from iHeartCommunications	12,429	15,630	36,433	45,932
Equity in loss of nonconsolidated affiliates	(727)	(812)	(1,374)	(641)
Other income (expense), net	(6,524)	(17,742)	(46,198)	17,472
Income (loss) before income taxes	(27,345)	(37,999)	93,689	(58,578)
Income tax benefit (expense)	3,603	22,797	(37,597)	19,709
Consolidated net income (loss)	(23,742)	(15,202)	56,092	(38,869)
Less amount attributable to noncontrolling interest	7,329	7,379	16,162	15,820
Net income (loss) attributable to the Company	(31,071)	(22,581)	39,930	(54,689)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,214	(21,316)	43,584	(99,903)
Unrealized holding gain (loss) on marketable securities	(290)	(149)	(635)	540
Reclassification adjustments	0	0	32,823	0
Other adjustments to comprehensive income (loss)	193	0	(3,551)	(1,154)
Other comprehensive income (loss)	7,117	(21,465)	72,221	(100,517)
Comprehensive income (loss)	(23,954)	(44,046)	112,151	(155,206)
Less amount attributable to noncontrolling interest	575	(7,123)	(984)	(9,884)
Comprehensive income (loss) attributable to the Company	$ (24,529)	$ (36,923)	$ 113,135	$ (145,322)
Net income (loss) attributable to the Company per common share:
Basic (in dollars per share)	$ (0.09)	$ (0.06)	$ 0.11	$ (0.15)
Weighted average common shares outstanding – Basic	360,454	359,689	360,202	359,442
Diluted (in dollars per share)	$ (0.09)	$ (0.06)	$ 0.11	$ (0.15)
Weighted average common shares outstanding – Diluted	360,454	359,689	361,417	359,442
Dividends declared per share (in dollars per share)	$ 0	$ 0	$ 1.49	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Consolidated net income (loss)	$ 56,092	$ (38,869)
Reconciling items:
Impairment charges	7,274	21,631
Depreciation and amortization	258,149	280,539
Deferred taxes	28,593	(6,924)
Provision for doubtful accounts	8,444	8,686
Amortization of deferred financing charges and note discounts, net	7,907	6,520
Share-based compensation	8,140	6,045
Gain on disposal of operating and other assets	(232,026)	(7,378)
Equity in loss of nonconsolidated affiliates	1,374	641
Other reconciling items, net	45,315	(18,064)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	49,690	(37,314)
Increase in prepaid expenses and other current assets	(39,653)	(25,917)
Decrease in accrued expenses	(22,053)	(69,694)
Increase (decrease) in accounts payable	(26,548)	2,942
Increase (decrease) in accrued interest	5,057	(1,108)
Increase in deferred income	8,509	20,528
Changes in other operating assets and liabilities	25,893	(16,018)
Net cash provided by (used for) operating activities	190,157	126,246
Cash flows from investing activities:
Purchases of property, plant and equipment	(148,005)	(138,618)
Proceeds from disposal of assets	591,764	8,479
Purchases of other operating assets	(1,689)	(1,614)
Change in other, net	(30,349)	(2,272)
Net cash provided by (used for) investing activities	411,721	(134,025)
Cash flows from financing activities:
Payments on credit facilities	(1,728)	(3,304)
Payments on long-term debt	(1,976)	(41)
Net transfers from iHeartCommunications	161,335	34,148
Payments to purchase noncontrolling interests	0	(234)
Dividends and other payments to noncontrolling interests	(21,046)	(28,088)
Dividends paid	(755,149)	0
Change in other, net	(679)	2,912
Net cash provided by (used for) financing activities	(619,243)	5,393
Effect of exchange rate changes on cash	(1,054)	(10,880)
Net increase (decrease) in cash and cash equivalents	(18,419)	(13,266)
Cash and cash equivalents at beginning of period	412,743	186,204
Cash and cash equivalents at end of period	394,324	172,938
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	271,833	261,516
Cash paid for income taxes	$ 34,800	$ 29,408

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Preparation of Interim Financial Statements All references in this Quarterly Report on Form 10-Q to the “Company,” “we,” “us” and “our” refer to Clear Channel Outdoor Holdings, Inc. and its consolidated subsidiaries. Our reportable segments are Americas outdoor advertising (“Americas”) and International outdoor advertising (“International”). The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K. The consolidated financial statements include the accounts of the Company and its subsidiaries and give effect to allocations of expenses from the Company’s indirect parent entity, iHeartCommunications, Inc. (“iHeartCommunications”). These allocations were made on a specifically identifiable basis or using relative percentages of headcount or other methods management considered to be a reasonable reflection of the utilization of services provided. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20% to 50% of the voting common stock or otherwise exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process. Certain prior-period amounts have been reclassified to conform to the 2016 presentation. New Accounting Pronouncements During the second quarter of 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This update provides U.S. GAAP guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, the Company will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The amendments in this update are effective for annual periods ending after December 15, 2016, and for interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the first quarter of 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), Amendments to the Consolidation Analysis . This new standard eliminates the deferral of FAS 167, which has allowed entities with interest in certain investment funds to follow the previous consolidation guidance in FIN 46(R) and makes other changes to both the variable interest model and the voting model. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the second quarter of 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . This update simplifies the presentation of debt issuance costs as a deduction from the carrying value of the outstanding debt balance rather than showing the debt issuance costs as an asset. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The retrospective adoption of this guidance resulted in the reclassification of debt issuance costs of $50.4 million as of December 31, 2015 , which are now reflected as “Long-term debt fees” in Note 3. During the third quarter of 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . This update provides a one-year deferral of the effective date for ASU No. 2014-09, Revenue from Contracts with Customers . ASU No. 2014-09 provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under U.S. GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . This update eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the first quarter of 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new leasing standard presents significant changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard which was issued in the third quarter of 2015. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718) . This update changes the accounting for certain aspects of share-based payments to employees. Income tax effects of share-based payment awards will be recognized in the income statement with the vesting or settlement of the awards and the record keeping for additional paid-in capital pools will no longer be necessary. Additionally, companies can make a policy election to either estimate forfeitures or recognize them as they occur. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losse s (Topic 326) . The new standard changes the impairment model for most financial assets and certain other instruments. Entities will be required to use a model that will result in the earlier recognition of allowances for losses for trade and other receivables, held-to-maturity debt securities, loans and other instruments. For available-for-sale debt securities with unrealized losses, the losses will be recognized as allowances rather than as reductions in the amortized cost of the securities. For an SEC filer, the standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2019. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) . The new standard addresses the classification of cash flows related to certain cash receipts and cash payments. Additionally, the standard clarifies how the predominance principle should be used when cash receipts and cash payments have aspects of more than one class of cash flows. First, an entity will apply the guidance in Topic 230 and other applicable topics. If there is no guidance for those cash receipts and cash payments, an entity will determine each separately identifiable source or use and classify the receipt or payment based on the nature of the cash flow. If a receipt or payment has aspects of more than one class of cash flows and cannot be separated, the classification will depend on the predominant source of use. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
	Sep. 30, 2016
Property Plant And Equipment Intangible Assets And Goodwill [Abstract]
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Dispositions During the first quarter of 2016, Americas outdoor sold nine non-strategic outdoor markets including Cleveland and Columbus, Ohio, Des Moines, Iowa, Ft. Smith, Arkansas, Memphis, Tennessee, Portland, Oregon, Reno, Nevada, Seattle, Washington and Wichita, Kansas for net proceeds, which included cash and certain advertising assets in Florida, totaling $592.6 million . The Company recognized a net gain of $278.3 million related to the sale, which is included within Other operating income (expense), net. During the first quarter of 2016, Americas outdoor also entered into an agreement to sell its Indianapolis, Indiana market in exchange for certain assets in Atlanta, Georgia, plus approximately $41.2 million in cash. The transaction is subject to regulatory approvals and is expected to close in 2016. This transaction has met the criteria to be classified as held-for-sale and as such, the related assets are separately presented on the face of the Consolidated Balance Sheet. During the second quarter of 2016, International outdoor sold its business in Turkey. As a result, the Company recognized a net loss of $56.6 million , which includes $32.2 million in cumulative translation adjustments that were recognized upon the sale of the Company's subsidiaries in Turkey. On October 24, 2016, the Company sold its International outdoor business in Australia (“Australia Outdoor”), for cash proceeds of $203.9 million . As of September 30, 2016, Australia Outdoor had $48.6 million in current assets, $56.2 million in property, plant & equipment, $5.7 million in other assets, $31.1 million in current liabilities and $9.0 million in long-term liabilities. Australia Outdoor revenue, direct expenses, SG&A expenses and depreciation and amortization for the nine months ended September 30, 2016 were $96.0 million , $56.2 million , $18.5 million and $9.4 million , respectively, and $83.6 million , $51.9 million , $16.1 million and $7.3 million for the nine months ended September 30, 2015 , respectively. Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2016 and December 31, 2015 , respectively: (In thousands) September 30, December 31, Land, buildings and improvements $ 163,663 $ 167,739 Structures 2,755,221 2,824,794 Furniture and other equipment 158,437 156,046 Construction in progress 70,667 54,701 3,147,988 3,203,280 Less: accumulated depreciation 1,654,664 1,575,294 Property, plant and equipment, net $ 1,493,324 $ 1,627,986 Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist primarily of billboard permits in its Americas segment. Due to significant differences in both business practices and regulations, billboards in the International segment are subject to long-term, finite contracts unlike the Company’s permits in the United States and Canada. Accordingly, there are no indefinite-lived intangible assets in the International segment. Annual Impairment Test on Indefinite-lived Intangible Assets The Company performs its annual impairment test on indefinite-lived intangible assets as of July 1 of each year. The impairment tests for indefinite-lived intangible assets consist of a comparison between the fair value of the indefinite-lived intangible asset at the market level with its carrying amount. If the carrying amount of the indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized equal to that excess. After an impairment loss is recognized, the adjusted carrying amount of the indefinite-lived asset is its new accounting basis. The fair value of the indefinite-lived asset is determined using the direct valuation method as prescribed in ASC 805-20-S99. Under the direct valuation method, the fair value of the indefinite-lived assets is calculated at the market level as prescribed by ASC 350-30-35. The Company engaged a third-party valuation firm, to assist it in the development of the assumptions and the Company’s determination of the fair value of its indefinite-lived intangible assets. The application of the direct valuation method attempts to isolate the income that is properly attributable to the indefinite-lived intangible asset alone (that is, apart from tangible and identified intangible assets and goodwill). It is based upon modeling a hypothetical “greenfield” build-up to a “normalized” enterprise that, by design, lacks inherent goodwill and whose only other assets have essentially been paid for (or added) as part of the build-up process. The Company forecasts revenue, expenses and cash flows over a ten-year period for each of its markets in its application of the direct valuation method. The Company also calculates a “normalized” residual year which represents the perpetual cash flows of each market. The residual year cash flow was capitalized to arrive at the terminal value of the permits in each market. Under the direct valuation method, it is assumed that rather than acquiring indefinite-lived intangible assets as part of a going concern business, the buyer hypothetically develops indefinite-lived intangible assets and builds a new operation with similar attributes from scratch. Thus, the buyer incurs start-up costs during the build-up phase which are normally associated with going concern value. Initial capital costs are deducted from the discounted cash flow model which results in value that is directly attributable to the indefinite-lived intangible assets. The key assumptions using the direct valuation method are market revenue growth rates, market share, profit margin, duration and profile of the build-up period, estimated start-up capital costs and losses incurred during the build-up period, the risk-adjusted discount rate and terminal values. This data is populated using industry normalized information representing an average billboard permit within a market. The Company concluded no impairment of indefinite-lived intangible assets was required for the three and nine months ended September 30, 2016. The Company recognized an impairment charge related to its indefinite-lived intangible assets of $21.6 million during the three and nine months ended September 30, 2015 related to billboard permits in one market. Other Intangible Assets Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets primarily include transit and street furniture contracts, site-leases and other contractual rights, all of which are amortized over the shorter of either the respective lives of the agreements or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of September 30, 2016 and December 31, 2015 , respectively: (In thousands) September 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor contractual rights $ 589,703 $ (438,087 ) $ 635,772 $ (457,060 ) Permanent easements 157,347 — 156,349 — Other 4,598 (1,742 ) 9,687 (1,884 ) Total $ 751,648 $ (439,829 ) $ 801,808 $ (458,944 ) Total amortization expense related to definite-lived intangible assets for the three months ended September 30, 2016 and 2015 was $9.3 million and $11.1 million , respectively. Total amortization expense related to definite-lived intangible assets for the nine months ended September 30, 2016 and 2015 was $29.2 million and $38.3 million , respectively. As acquisitions and dispositions occur in the future, amortization expense may vary. The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2017 $ 29,550 2018 $ 20,736 2019 $ 16,346 2020 $ 14,133 2021 $ 14,085 Goodwill Annual Impairment Test to Goodwill The Company performs its annual impairment test on goodwill as of July 1 of each year. Each of the Company’s advertising markets are components. The U.S. advertising markets are aggregated into a single reporting unit for purposes of the goodwill impairment test using the guidance in ASC 350-20-55. The Company also determined that each country within its Americas segment and its International segment constitutes a separate reporting unit. The goodwill impairment test is a two-step process. The first step, used to screen for potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If applicable, the second step, used to measure the amount of the impairment loss, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Each of the Company’s reporting units is valued using a discounted cash flow model which requires estimating future cash flows expected to be generated from the reporting unit and discounting such cash flows to their present value using a risk-adjusted discount rate. Terminal values were also estimated and discounted to their present value. Assessing the recoverability of goodwill requires the Company to make estimates and assumptions about sales, operating margins, growth rates and discount rates based on its budgets, business plans, economic projections, anticipated future cash flows and marketplace data. There are inherent uncertainties related to these factors and management’s judgment in applying these factors. The Company recognized goodwill impairment of $7.3 million during the three and nine months ended September 30, 2016 related to one market in the Company's International outdoor segment and concluded no goodwill impairment charge was required for the three and nine months ended September 30, 2015. The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) Americas International Consolidated Balance as of December 31, 2014 $ 584,574 $ 232,538 $ 817,112 Acquisitions — 10,998 10,998 Foreign currency (709 ) (19,644 ) (20,353 ) Assets held for sale (49,182 ) — (49,182 ) Balance as of December 31, 2015 $ 534,683 $ 223,892 $ 758,575 Impairment — (7,274 ) (7,274 ) Dispositions (6,934 ) — (6,934 ) Foreign currency (1,805 ) 6,413 4,608 Assets held for sale (10,337 ) — (10,337 ) Balance as of September 30, 2016 $ 515,607 $ 223,031 $ 738,638

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of September 30, 2016 and December 31, 2015 consisted of the following: (In thousands) September 30, December 31, Clear Channel Worldwide Holdings Senior Notes: 6.5% Series A Senior Notes Due 2022 $ 735,750 $ 735,750 6.5% Series B Senior Notes Due 2022 1,989,250 1,989,250 Clear Channel Worldwide Holdings Senior Subordinated Notes: 7.625% Series A Senior Subordinated Notes Due 2020 275,000 275,000 7.625% Series B Senior Subordinated Notes Due 2020 1,925,000 1,925,000 Senior Revolving Credit Facility Due 2018 (1) — — Clear Channel International B.V. Senior Notes Due 2020 225,000 225,000 Other debt 18,405 19,003 Original issue discount (7,003 ) (7,769 ) Long-term debt fees (43,469 ) (50,411 ) Total debt $ 5,117,933 $ 5,110,823 Less: current portion 9,662 4,310 Total long-term debt $ 5,108,271 $ 5,106,513 (1) The Senior revolving credit facility provides for borrowings up to $75.0 million (the revolving credit commitment). As of September 30, 2016 , we had $53.7 million of letters of credit outstanding, and $21.3 million of availability, under the senior revolving credit facility. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $5.2 billion and $4.9 billion at September 30, 2016 and December 31, 2015 , respectively. Under the fair value hierarchy established by ASC 820-10-35, the market value of the Company’s debt is classified as Level 1. Surety Bonds, Letters of Credit and Guarantees As of September 30, 2016 , the Company had $54.9 million and $59.9 million in letters of credit and bank guarantees outstanding, respectively. Bank guarantees of $26.1 million were backed by cash collateral. Additionally, as of September 30, 2016 , iHeartCommunications had outstanding commercial standby letters of credit and surety bonds of $1.2 million and $53.6 million , respectively, held on behalf of the Company. These surety bonds, letters of credit and bank guarantees relate to various operational matters, including insurance, bid and performance bonds, as well as other items.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company’s assumptions or the effectiveness of its strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations. Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of the Company’s litigation arises in the following contexts: commercial disputes; misappropriation of likeness and right of publicity claims; employment and benefits related claims; governmental fines; intellectual property claims; and tax disputes. International Outdoor Investigation On April 21, 2015, inspections were conducted at the premises of Clear Channel in Denmark and Sweden as part of an investigation by Danish competition authorities. Additionally, on the same day, Clear Channel UK received a communication from the UK competition authorities, also in connection with the investigation by Danish competition authorities. Clear Channel and its affiliates are cooperating with the national competition authorities. Stockholder Litigation On May 9, 2016, a stockholder of the Company filed a derivative lawsuit in the Court of Chancery of the State of Delaware, captioned GAMC O Asset Management Inc. v. iHeartMedia Inc. et al., C.A. No. 12312-VCS. The complaint names as defendants iHeartCommunications, Inc. (“iHeartCommunications”), the Company’s indirect parent company, iHeartMedia, Inc. (“iHeartMedia”), the parent company of iHeartCommunications, Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the “Sponsor Defendants”), iHeartMedia’s private equity sponsors and majority owners, and the members of the Company’s board of directors. The Company also is named as a nominal defendant. The complaint alleges that the Company has been harmed by the intercompany agreements with iHeartCommunications, the Company’s lack of autonomy over its own cash and the actions of the defendants in serving the interests of iHeartMedia, iHeartCommunications and the Sponsor Defendants to the detriment of the Company and its minority stockholders. Specifically, the complaint alleges that the defendants have breached their fiduciary duties by causing the Company to: (i) continue to loan cash to iHeartCommunications under the intercompany note at below-market rates; (ii) abandon its growth and acquisition strategies in favor of transactions that would provide cash to iHeartMedia and iHeartCommunications; (iii) issue new debt in the CCIBV note offering (the “CCIBV Note Offering”) to provide cash to iHeartMedia and iHeartCommunications through a dividend; and (iv) effect the sales of certain outdoor markets in the U.S. (the “Outdoor Asset Sales”) to provide cash to iHeartMedia and iHeartCommunications through a dividend. The complaint also alleges that iHeartMedia, iHeartCommunications and the Sponsor Defendants aided and abetted the directors’ breaches of their fiduciary duties. The complaint further alleges that iHeartMedia, iHeartCommunications and the Sponsor Defendants were unjustly enriched as a result of these transactions and that these transactions constituted a waste of corporate assets for which the defendants are liable to the Company. The plaintiff is seeking, among other things, a ruling that the defendants breached their fiduciary duties to the Company and that iHeartMedia, iHeartCommunications and the Sponsor Defendants aided and abetted the board of directors’ breaches of fiduciary duty, rescission of payments to iHeartCommunications and its affiliates pursuant to dividends declared in connection with the CCIBV Note Offering and Outdoor Asset Sales, and an order requiring iHeartMedia, iHeartCommunications and the Sponsor Defendants to disgorge all profits they have received as a result of the alleged fiduciary misconduct. On May 26, 2016, the plaintiff filed a motion seeking expedited discovery and an expedited trial on certain counts of its complaint. On June 27, 2016, the court denied the motion for an expedited trial and discovery, and on July 12, 2016, the parties stipulated to a schedule that would allow for a decision on the defendants’ forthcoming motion to dismiss by mid-September and a trial, if necessary, beginning February 27, 2017. On July 20, 2016, the defendants filed a motion to dismiss plaintiff's verified stockholder derivative complaint for failure to state a claim upon which relief can be granted. A hearing was held on defendants' motion to dismiss on September 12, 2016. The court has not yet ruled on the motion.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company records net amounts due from iHeartCommunications as “Due from iHeartCommunications” on the consolidated balance sheets. The accounts represent the revolving promissory note issued by the Company to iHeartCommunications and the revolving promissory note issued by iHeartCommunications to the Company in the face amount of $ 1.0 billion , or if more or less than such amount, the aggregate unpaid principal amount of all advances. The accounts accrue interest pursuant to the terms of the promissory notes and are generally payable on demand or when they mature on December 15, 2017. Included in the accounts are the net activities resulting from day-to-day cash management services provided by iHeartCommunications. As a part of these services, the Company maintains collection bank accounts swept daily into accounts of iHeartCommunications (after satisfying the funding requirements of the Trustee Accounts under the CCWH Senior Notes and the CCWH Subordinated Notes). In return, iHeartCommunications funds the Company’s controlled disbursement accounts as checks or electronic payments are presented for payment. The Company’s claim in relation to cash transferred from its concentration account is on an unsecured basis and is limited to the balance of the “Due from iHeartCommunications” account. As of September 30, 2016 and December 31, 2015 , the asset recorded in “Due from iHeartCommunications” on the consolidated balance sheet was $769.5 million and $930.8 million , respectively. As of September 30, 2016 , the fixed interest rate on the “Due from iHeartCommunications” account was 6.5% , which is equal to the fixed interest rate on the CCWH Senior Notes. The net interest income for the three months ended September 30, 2016 and 2015 was $12.4 million and $15.6 million , respectively. The net interest income for the nine months ended September 30, 2016 and 2015 was $36.4 million and $45.9 million , respectively. On February 4, 2016, the Company demanded the repayment of $300.0 million outstanding under the Due from iHeartCommunications note and used the repayment to partially fund a special cash dividend of $540.0 million , which was paid on February 4, 2016. The Company provides advertising space on its billboards for iHeartMedia, Inc. and for radio stations owned by iHeartCommunications. For the three months ended September 30, 2016 and 2015 , the Company recorded $1.2 million and $0.3 million , respectively, in revenue for these advertisements. For the nine months ended September 30, 2016 and 2015 , the Company recorded $2.0 million and $2.5 million , respectively, in revenue for these advertisements. Under the Corporate Services Agreement between iHeartCommunications and the Company, iHeartCommunications provides management services to the Company, which include, among other things: (i) treasury, payroll and other financial related services; (ii) certain executive officer services; (iii) human resources and employee benefits services; (iv) legal and related services; (v) information systems, network and related services; (vi) investment services; (vii) procurement and sourcing support services; and (viii) other general corporate services. These services are charged to the Company based on actual direct costs incurred or allocated by iHeartCommunications based on headcount, revenue or other factors on a pro rata basis. For the three months ended September 30, 2016 and 2015 , the Company recorded $7.6 million and $7.9 million , respectively, as a component of corporate expenses for these services. For the nine months ended September 30, 2016 and 2015 , the Company recorded $26.0 million and $23.8 million , respectively, as a component of corporate expenses for these services. Pursuant to the Tax Matters Agreement between iHeartCommunications and the Company, the operations of the Company are included in a consolidated federal income tax return filed by iHeartCommunications. The Company’s provision for income taxes has been computed on the basis that the Company files separate consolidated federal income tax returns with its subsidiaries. Tax payments are made to iHeartCommunications on the basis of the Company’s separate taxable income. Tax benefits recognized on the Company’s employee stock option exercises are retained by the Company. The Company computes its deferred income tax provision using the liability method in accordance with the provisions of ASC 740-10, as if the Company was a separate taxpayer. Deferred tax assets and liabilities are determined based on differences between financial reporting basis and tax basis of assets and liabilities and are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax asset or liability is expected to be realized or settled. Deferred tax assets are reduced by valuation allowances if the Company believes it is more likely than not some portion or all of the asset will not be realized. Pursuant to the Employee Matters Agreement, the Company’s employees participate in iHeartCommunications’ employee benefit plans, including employee medical insurance and a 401(k) retirement benefit plan. For the three months ended September 30, 2016 and 2015 , the Company recorded $2.3 million and $2.7 million , respectively, as a component of selling, general and administrative expenses for these services. For the nine months ended September 30, 2016 and 2015 , the Company recorded $7.0 million and $8.0 million , respectively, as a component of selling, general and administrative expenses for these services.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Benefit (Expense) The Company’s income tax benefit (expense) for the three and nine months ended September 30, 2016 and 2015 , respectively, consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Current tax benefit (expense) $ (10,260 ) $ 9,562 $ (9,004 ) $ 12,785 Deferred tax benefit (expense) 13,863 13,235 (28,593 ) 6,924 Income tax benefit (expense) $ 3,603 $ 22,797 $ (37,597 ) $ 19,709 The effective tax rates for the three and nine months ended September 30, 2016 were 13.2% and 40.1% , respectively. The effective rate for the nine months ended September 30, 2016 was primarily impacted by the reversal of the valuation allowance recorded in 2015 against net operating losses in U.S. federal and state jurisdictions due to taxable gains from the dispositions of nine outdoor markets during the period. The effective rate for the three months ended September 30, 2016 was primarily impacted by the Company's inability to benefit from losses in certain foreign jurisdictions due to uncertainty regarding the ability to utilize those losses in future periods. The effective tax rates for the three and nine months ended September 30, 2015 were 60.0% and 33.6% , respectively. The effective rates were primarily impacted by the valuation allowances recorded against certain deferred tax assets that consisted of net operating losses in U.S. federal, state and certain foreign jurisdictions. The Company recorded a valuation allowance against these deferred tax assets as the reversing deferred tax liabilities and other sources of taxable income that may be available to realize the deferred tax assets were exceeded by deferred tax assets recognized on the additional net operating losses incurred in the period.

SHAREHOLDERS' EQUITY (DEFICIT)

SHAREHOLDERS' EQUITY (DEFICIT)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY (DEFICIT)	SHAREHOLDERS’ EQUITY (DEFICIT) The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company’s equity. The following table shows the changes in shareholders’ equity (deficit) attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest: (In thousands) The Company Noncontrolling Interests Consolidated Balances as of January 1, 2016 $ (757,442 ) $ 187,775 $ (569,667 ) Net income 39,930 16,162 56,092 Dividends declared (540,034 ) — (540,034 ) Dividends and other payments to noncontrolling interests — (21,046 ) (21,046 ) Share-based compensation 8,140 — 8,140 Foreign currency translation adjustments 45,230 (1,646 ) 43,584 Unrealized holding loss on marketable securities (635 ) — (635 ) Reclassification adjustments 32,161 662 32,823 Other adjustments to comprehensive loss (3,551 ) — (3,551 ) Other, net (2,028 ) 1,299 (729 ) Balances as of September 30, 2016 $ (1,178,229 ) $ 183,206 $ (995,023 ) Balances as of January 1, 2015 $ (344,275 ) $ 203,334 $ (140,941 ) Net income (loss) (54,689 ) 15,820 (38,869 ) Dividends and other payments to noncontrolling interests — (28,088 ) (28,088 ) Share-based compensation 6,045 — 6,045 Foreign currency translation adjustments (90,019 ) (9,884 ) (99,903 ) Unrealized holding gain on marketable securities 540 — 540 Other adjustments to comprehensive loss (1,154 ) — (1,154 ) Other, net 2,837 1,701 4,538 Balances as of September 30, 2015 $ (480,715 ) $ 182,883 $ (297,832 ) The Company has granted restricted stock, restricted stock units and options to purchase shares of its class A common stock to certain key individuals. COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended 2016 2015 2016 2015 NUMERATOR: Net income (loss) attributable to the Company – common shares $ (31,071 ) $ (22,581 ) $ 39,930 $ (54,689 ) DENOMINATOR: Weighted average common shares outstanding - basic 360,454 359,689 360,202 359,442 Stock options and restricted stock (1) — — 1,215 — Weighted average common shares outstanding - diluted 360,454 359,689 361,417 359,442 Net income (loss) attributable to the Company per common share: Basic $ (0.09 ) $ (0.06 ) $ 0.11 $ (0.15 ) Diluted $ (0.09 ) $ (0.06 ) $ 0.11 $ (0.15 ) (1) Outstanding equity awards of 8.1 million and 8.8 million for the three months ended September 30, 2016 and 2015 , respectively, and 5.4 million and 8.8 million for the nine months ended September 30, 2016 and 2015 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

OTHER INFORMATION

OTHER INFORMATION	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
OTHER INFORMATION	OTHER INFORMATION Other Comprehensive Income (Loss) The total (decrease) increase in deferred income tax liabilities of other adjustments to comprehensive loss for the three months ended September 30, 2016 and 2015 were $0.1 million and $0.0 million , respectively. The total (decrease) increase in deferred income tax liabilities of other adjustments to comprehensive loss for the nine months ended September 30, 2016 and 2015 were $(0.7) million and ($0.6) million , respectively.

SEGMENT DATA

SEGMENT DATA	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA The Company has two reportable segments, which it believes best reflect how the Company is currently managed – Americas and International. The Americas segment consists of operations primarily in the United States, Canada and Latin America and the International segment primarily includes operations in Europe, Asia and Australia. The Americas and International display inventory consists primarily of billboards, street furniture displays and transit displays. Corporate includes infrastructure and support including information technology, human resources, legal, finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expenses. The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2016 and 2015: (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended September 30, 2016 Revenue $ 322,997 $ 350,060 $ — $ 673,057 Direct operating expenses 142,989 223,097 — 366,086 Selling, general and administrative expenses 54,500 71,664 — 126,164 Corporate expenses — — 28,058 28,058 Depreciation and amortization 47,242 37,018 1,520 85,780 Impairment charges — — 7,274 7,274 Other operating income, net — — 1,095 1,095 Operating income (loss) $ 78,266 $ 18,281 $ (35,757 ) $ 60,790 Capital expenditures $ 19,114 $ 30,803 $ 1,033 $ 50,950 Share-based compensation expense $ — $ — $ 2,697 $ 2,697 Three Months Ended September 30, 2015 Revenue $ 347,336 $ 348,941 $ — $ 696,277 Direct operating expenses 149,072 223,644 — 372,716 Selling, general and administrative expenses 59,539 73,020 — 132,559 Corporate expenses — — 28,347 28,347 Depreciation and amortization 50,121 41,564 1,355 93,040 Impairment charges — — 21,631 21,631 Other operating income, net — — 5,029 5,029 Operating income (loss) $ 88,604 $ 10,713 $ (46,304 ) $ 53,013 Capital expenditures $ 18,557 $ 28,665 $ 1,363 $ 48,585 Share-based compensation expense $ — $ — $ 2,316 $ 2,316 (In thousands) Americas International Corporate and other reconciling items Consolidated Nine Months Ended September 30, 2016 Revenue $ 931,058 $ 1,044,866 $ — $ 1,975,924 Direct operating expenses 421,039 654,802 — 1,075,841 Selling, general and administrative expenses 167,660 220,872 — 388,532 Corporate expenses — — 85,949 85,949 Depreciation and amortization 140,883 113,075 4,191 258,149 Impairment Charges — — 7,274 7,274 Other operating income, net — — 226,485 226,485 Operating income $ 201,476 $ 56,117 $ 129,071 $ 386,664 Capital expenditures $ 47,808 $ 97,487 $ 2,710 $ 148,005 Share-based compensation expense $ — $ — $ 8,140 $ 8,140 Nine Months Ended September 30, 2015 Revenue $ 984,485 $ 1,049,654 $ — $ 2,034,139 Direct operating expenses 445,018 663,011 — 1,108,029 Selling, general and administrative expenses 172,522 219,689 — 392,211 Corporate expenses — — 87,254 87,254 Depreciation and amortization 151,574 124,961 4,004 280,539 Impairment charges — — 21,631 21,631 Other operating income, net — — 244 244 Operating income (loss) $ 215,371 $ 41,993 $ (112,645 ) $ 144,719 Capital expenditures $ 50,916 $ 85,522 $ 2,180 $ 138,618 Share-based compensation expense $ — $ — $ 6,045 $ 6,045

GUARANTOR SUBSIDIARIES

GUARANTOR SUBSIDIARIES	9 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
GUARANTOR SUBSIDIARIES	GUARANTOR SUBSIDIARIES The Company and certain of the Company’s direct and indirect wholly-owned domestic subsidiaries (the “Guarantor Subsidiaries”) fully and unconditionally guarantee on a joint and several basis certain of the outstanding indebtedness of Clear Channel Worldwide Holdings, Inc. ("CCWH" or the “Subsidiary Issuer”). The following consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X Rule 3-10(d): (In thousands) September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 185,066 $ — $ 55,102 $ 154,156 $ — $ 394,324 Accounts receivable, net of allowance — — 182,295 445,560 — 627,855 Intercompany receivables — 476,481 2,466,623 3,456 (2,946,560 ) — Prepaid expenses 2,935 3,433 63,768 66,387 — 136,523 Assets held for sale — — 55,184 — — 55,184 Other current assets (1,166 ) 1,168 34,501 34,442 — 68,945 Total Current Assets 186,835 481,082 2,857,473 704,001 (2,946,560 ) 1,282,831 Structures, net — — 760,291 494,104 — 1,254,395 Other property, plant and equipment, net — — 119,069 119,860 — 238,929 Indefinite-lived intangibles — — 951,439 9,755 — 961,194 Other intangibles, net — — 261,229 50,590 — 311,819 Goodwill — — 505,478 233,160 — 738,638 Due from iHeartCommunications 769,465 — — — — 769,465 Intercompany notes receivable 182,026 5,092,747 — — (5,274,773 ) — Other assets 188,193 235,996 1,104,268 64,060 (1,474,192 ) 118,325 Total Assets $ 1,326,519 $ 5,809,825 $ 6,559,247 $ 1,675,530 $ (9,695,525 ) $ 5,675,596 Accounts payable $ — $ — $ 7,175 $ 63,956 $ — $ 71,131 Intercompany payable 2,466,623 — 479,937 — (2,946,560 ) — Accrued expenses 1,521 — 82,004 402,277 — 485,802 Deferred income — — 41,712 58,455 — 100,167 Current portion of long-term debt — — 86 9,576 — 9,662 Total Current Liabilities 2,468,144 — 610,914 534,264 (2,946,560 ) 666,762 Long-term debt — 4,884,129 1,734 222,408 — 5,108,271 Intercompany notes payable — — 5,027,695 247,078 (5,274,773 ) — Deferred tax liability 772 1,367 633,610 2,288 — 638,037 Other long-term liabilities 1,493 — 128,082 127,974 — 257,549 Total shareholders' equity (deficit) (1,143,890 ) 924,329 157,212 541,518 (1,474,192 ) (995,023 ) Total Liabilities and Shareholders' Equity (Deficit) $ 1,326,519 $ 5,809,825 $ 6,559,247 $ 1,675,530 $ (9,695,525 ) $ 5,675,596 (In thousands) December 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 218,701 $ — $ 18,455 $ 175,587 $ — $ 412,743 Accounts receivable, net of allowance — — 210,252 487,331 — 697,583 Intercompany receivables — 461,549 1,921,025 8,003 (2,390,577 ) — Prepaid expenses 1,423 3,433 62,039 60,835 — 127,730 Assets held for sale — — 295,075 — — 295,075 Other current assets — — 1,823 32,743 — 34,566 Total Current Assets 220,124 464,982 2,508,669 764,499 (2,390,577 ) 1,567,697 Structures, net — — 868,586 523,294 — 1,391,880 Other property, plant and equipment, net — — 129,339 106,767 — 236,106 Indefinite-lived intangibles — — 962,074 9,253 — 971,327 Other intangibles, net — — 272,307 70,557 — 342,864 Goodwill — — 522,750 235,825 — 758,575 Due from iHeartCommunications 930,799 — — — — 930,799 Intercompany notes receivable 182,026 5,107,392 — — (5,289,418 ) — Other assets 78,341 307,054 1,214,311 45,393 (1,537,559 ) 107,540 Total Assets $ 1,411,290 $ 5,879,428 $ 6,478,036 $ 1,755,588 $ (9,217,554 ) $ 6,306,788 Accounts payable $ — $ — $ 12,124 $ 88,086 $ — $ 100,210 Intercompany payable 1,915,287 — 475,290 — (2,390,577 ) — Accrued expenses 953 (707 ) 108,480 398,939 — 507,665 Dividends payable 217,017 — — — — 217,017 Deferred income — — 37,471 53,940 — 91,411 Current portion of long-term debt — — 65 4,245 — 4,310 Total Current Liabilities 2,133,257 (707 ) 633,430 545,210 (2,390,577 ) 920,613 Long-term debt — 4,877,578 1,014 227,921 — 5,106,513 Intercompany notes payable — — 5,032,499 256,919 (5,289,418 ) — Deferred tax liability 772 1,367 599,541 7,230 — 608,910 Other long-term liabilities 1,587 — 133,227 105,605 — 240,419 Total shareholders' equity (deficit) (724,326 ) 1,001,190 78,325 612,703 (1,537,559 ) (569,667 ) Total Liabilities and Shareholders' Equity (Deficit) $ 1,411,290 $ 5,879,428 $ 6,478,036 $ 1,755,588 $ (9,217,554 ) $ 6,306,788 (In thousands) Three Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 287,526 $ 385,531 $ — $ 673,057 Operating expenses: Direct operating expenses — — 122,893 243,193 — 366,086 Selling, general and administrative expenses — — 46,946 79,218 — 126,164 Corporate expenses 3,400 — 13,884 10,774 — 28,058 Depreciation and amortization — — 45,525 40,255 — 85,780 Impairment charges — — — 7,274 — 7,274 Other operating income (expense), net (108 ) — 3,319 (2,116 ) — 1,095 Operating income (loss) (3,508 ) — 61,597 2,701 — 60,790 Interest (income) expense, net (236 ) 88,972 (639 ) 5,216 — 93,313 Interest income on Due from iHeartCommunications 12,429 — — — — 12,429 Intercompany interest income 4,034 85,410 12,920 — (102,364 ) — Intercompany interest expense 12,429 — 89,444 491 (102,364 ) — Equity in loss of nonconsolidated affiliates (31,335 ) (27,115 ) (30,183 ) (833 ) 88,739 (727 ) Other income (expense), net 668 — (907 ) (6,285 ) — (6,524 ) Loss before income taxes (29,905 ) (30,677 ) (45,378 ) (10,124 ) 88,739 (27,345 ) Income tax benefit (expense) (1,166 ) 1,168 14,043 (10,442 ) — 3,603 Consolidated net loss (31,071 ) (29,509 ) (31,335 ) (20,566 ) 88,739 (23,742 ) Less amount attributable to noncontrolling interest — — — 7,329 — 7,329 Net loss attributable to the Company $ (31,071 ) $ (29,509 ) $ (31,335 ) $ (27,895 ) $ 88,739 $ (31,071 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (5,714 ) 12,928 — 7,214 Unrealized holding loss on marketable securities — — — (290 ) — (290 ) Other adjustments to comprehensive income — — (2 ) 195 — 193 Equity in subsidiary comprehensive income 6,542 9,528 9,276 — (25,346 ) — Comprehensive loss (24,529 ) (19,981 ) (27,775 ) (15,062 ) 63,393 (23,954 ) Less amount attributable to noncontrolling interest — — (2,982 ) 3,557 — 575 Comprehensive loss attributable to the Company $ (24,529 ) $ (19,981 ) $ (24,793 ) $ (18,619 ) $ 63,393 $ (24,529 ) (In thousands) Three Months Ended September 30, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 311,096 $ 385,181 $ — $ 696,277 Operating expenses: Direct operating expenses — — 127,922 244,794 — 372,716 Selling, general and administrative expenses — — 51,238 81,321 — 132,559 Corporate expenses 3,122 — 13,848 11,377 — 28,347 Depreciation and amortization — — 48,402 44,638 — 93,040 Impairment charges — — 21,631 — — 21,631 Other operating income (expense), net (121 ) — 996 4,154 — 5,029 Operating income (loss) (3,243 ) — 49,051 7,205 — 53,013 Interest expense, net 2 88,084 232 (230 ) — 88,088 Interest income on Due from iHeartCommunications 15,630 — — — — 15,630 Intercompany interest income 4,021 85,147 15,802 — (104,970 ) — Intercompany interest expense 15,630 — 89,168 172 (104,970 ) — Equity in loss of nonconsolidated affiliates (23,425 ) (16,699 ) (19,030 ) (1,150 ) 59,492 (812 ) Other income (expense), net 356 — (734 ) (17,364 ) — (17,742 ) Loss before income taxes (22,293 ) (19,636 ) (44,311 ) (11,251 ) 59,492 (37,999 ) Income tax benefit (expense) (288 ) 489 20,886 1,710 — 22,797 Consolidated net loss (22,581 ) (19,147 ) (23,425 ) (9,541 ) 59,492 (15,202 ) Less amount attributable to noncontrolling interest — — — 7,379 — 7,379 Net loss attributable to the Company $ (22,581 ) $ (19,147 ) $ (23,425 ) $ (16,920 ) $ 59,492 $ (22,581 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (9,038 ) (12,278 ) — (21,316 ) Unrealized holding loss on marketable securities — — — (149 ) — (149 ) Equity in subsidiary comprehensive loss (14,342 ) (3,769 ) (5,304 ) — 23,415 — Comprehensive loss (36,923 ) (22,916 ) (37,767 ) (29,347 ) 82,907 (44,046 ) Less amount attributable to noncontrolling interest — — — (7,123 ) — (7,123 ) Comprehensive loss attributable to the Company $ (36,923 ) $ (22,916 ) $ (37,767 ) $ (22,224 ) $ 82,907 $ (36,923 ) (In thousands) Nine Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 833,840 $ 1,142,084 $ — $ 1,975,924 Operating expenses: Direct operating expenses — — 365,478 710,363 — 1,075,841 Selling, general and administrative expenses — — 146,347 242,185 — 388,532 Corporate expenses 9,822 — 44,946 31,181 — 85,949 Depreciation and amortization — — 134,763 123,386 — 258,149 Impairment charges — — — 7,274 — 7,274 Other operating income (expense), net (312 ) — 291,168 (64,371 ) — 226,485 Operating income (loss) (10,134 ) — 433,474 (36,676 ) — 386,664 Interest (income) expense, net (886 ) 265,091 557 17,074 — 281,836 Interest income on Due from iHeartCommunications 36,433 — — — — 36,433 Intercompany interest income 12,102 256,289 37,944 — (306,335 ) — Intercompany interest expense 36,433 — 268,391 1,511 (306,335 ) — Equity in earnings (loss) of nonconsolidated affiliates 36,647 (144,270 ) (153,409 ) (2,166 ) 261,824 (1,374 ) Other income (expense), net 2,373 — (1,916 ) (46,655 ) — (46,198 ) Income (loss) before income taxes 41,874 (153,072 ) 47,145 (104,082 ) 261,824 93,689 Income tax benefit (expense) (1,944 ) 3,078 (10,498 ) (28,233 ) — (37,597 ) Consolidated net income (loss) 39,930 (149,994 ) 36,647 (132,315 ) 261,824 56,092 Less amount attributable to noncontrolling interest — — — 16,162 — 16,162 Net income (loss) attributable to the Company $ 39,930 $ (149,994 ) $ 36,647 $ (148,477 ) $ 261,824 $ 39,930 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (8,761 ) 52,345 — 43,584 Unrealized holding loss on marketable securities — — — (635 ) — (635 ) Reclassification adjustments — — 662 32,161 — 32,823 Other adjustments to comprehensive income — — — (3,551 ) — (3,551 ) Equity in subsidiary comprehensive income 73,205 73,133 79,000 — (225,338 ) — Comprehensive income (loss) 113,135 (76,861 ) 107,548 (68,157 ) 36,486 112,151 Less amount attributable to noncontrolling interest — — (2,304 ) 1,320 — (984 ) Comprehensive income (loss) attributable to the Company $ 113,135 $ (76,861 ) $ 109,852 $ (69,477 ) $ 36,486 $ 113,135 (In thousands) Nine Months Ended September 30, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 869,722 $ 1,164,417 $ — $ 2,034,139 Operating expenses: Direct operating expenses — — 377,936 730,093 — 1,108,029 Selling, general and administrative expenses — — 147,196 245,015 — 392,211 Corporate expenses 9,614 — 43,355 34,285 — 87,254 Depreciation and amortization — — 146,090 134,449 — 280,539 Impairment charges — — 21,631 — — 21,631 Other operating income (expense), net (341 ) — (5,959 ) 6,544 — 244 Operating income (loss) (9,955 ) — 127,555 27,119 — 144,719 Interest expense, net 14 264,245 1,207 594 — 266,060 Interest income on Due from iHeartCommunications 45,932 — — — — 45,932 Intercompany interest income 12,046 255,356 46,355 — (313,757 ) — Intercompany interest expense 45,932 — 267,402 423 (313,757 ) — Equity in loss of nonconsolidated affiliates (33,457 ) (970 ) (10,136 ) (1,938 ) 45,860 (641 ) Other income, net 2,039 3,440 20,515 16,053 (24,575 ) 17,472 Income (loss) before income taxes (29,341 ) (6,419 ) (84,320 ) 40,217 21,285 (58,578 ) Income tax benefit (expense) (773 ) (8,094 ) 50,863 (22,287 ) — 19,709 Consolidated net income (loss) (30,114 ) (14,513 ) (33,457 ) 17,930 21,285 (38,869 ) Less amount attributable to noncontrolling interest — — — 15,820 — 15,820 Net income (loss) attributable to the Company $ (30,114 ) $ (14,513 ) $ (33,457 ) $ 2,110 $ 21,285 $ (54,689 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (3,440 ) (16,064 ) (80,399 ) — (99,903 ) Unrealized holding gain on marketable securities — — — 540 — 540 Other adjustments to comprehensive loss — — — (1,154 ) — (1,154 ) Equity in subsidiary comprehensive loss (90,633 ) (43,130 ) (74,569 ) — 208,332 — Comprehensive loss (120,747 ) (61,083 ) (124,090 ) (78,903 ) 229,617 (155,206 ) Less amount attributable to noncontrolling interest — — — (9,884 ) — (9,884 ) Comprehensive loss attributable to the Company $ (120,747 ) $ (61,083 ) $ (124,090 ) $ (69,019 ) $ 229,617 $ (145,322 ) (In thousands) Nine Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ 39,930 $ (149,994 ) $ 36,647 $ (132,315 ) $ 261,824 $ 56,092 Reconciling items: Depreciation and amortization — — 134,763 123,386 — 258,149 Impairment charges — — — 7,274 — 7,274 Deferred taxes — — 34,069 (5,476 ) — 28,593 Provision for doubtful accounts — — 5,239 3,205 — 8,444 Amortization of deferred financing charges and note discounts, net — 6,551 — 1,356 — 7,907 Share-based compensation — — 4,363 3,777 — 8,140 (Gain) loss on disposal of operating assets, net — — (292,766 ) 60,740 — (232,026 ) Equity in (earnings) loss of nonconsolidated affiliates (36,647 ) 144,270 153,409 2,166 (261,824 ) 1,374 Other reconciling items, net — — (190 ) 45,505 — 45,315 Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable — — 25,166 24,524 — 49,690 Increase in prepaids and other current assets (1,511 ) — (25,076 ) (13,066 ) — (39,653 ) Increase (decrease) in accrued expenses 213 (461 ) (31,497 ) 9,692 — (22,053 ) Decrease in accounts payable — — (4,958 ) (21,590 ) — (26,548 ) Increase (decrease) in accrued interest — — (612 ) 5,669 — 5,057 Increase in deferred income — — 3,993 4,516 — 8,509 Changes in other operating assets and liabilities — — 9,735 16,158 — 25,893 Net cash provided by operating activities $ 1,985 $ 366 $ 52,285 $ 135,521 $ — $ 190,157 Cash flows from investing activities: Purchases of property, plant and equipment — — (44,547 ) (103,458 ) — (148,005 ) Proceeds from disposal of assets — — 355,138 236,626 — 591,764 Purchases of other operating assets — — (1,444 ) (245 ) — (1,689 ) Decrease in intercompany notes receivable, net — 14,646 — — (14,646 ) — Dividends from subsidiaries — — 235,467 — (235,467 ) — Change in other, net — (79 ) (2 ) (30,347 ) 79 (30,349 ) Net cash provided by (used for) investing activities $ — $ 14,567 $ 544,612 $ 102,576 $ (250,034 ) $ 411,721 Cash flows from financing activities: Payments on credit facilities — — — (1,728 ) — (1,728 ) Payments on long-term debt — — (57 ) (1,919 ) — (1,976 ) Net transfers to iHeartCommunications 161,335 — — — — 161,335 Dividends and other payments from (to) noncontrolling interests — — 2,967 (24,013 ) — (21,046 ) Dividends paid (755,148 ) — (914 ) (234,554 ) 235,467 (755,149 ) Decrease in intercompany notes payable, net — — (3,613 ) (11,033 ) 14,646 — Intercompany funding 559,473 (14,933 ) (559,433 ) 14,893 — — Change in other, net (1,280 ) — 800 (120 ) (79 ) (679 ) Net cash used for financing activities (35,620 ) (14,933 ) (560,250 ) (258,474 ) 250,034 (619,243 ) Effect of exchange rate changes on cash — — — (1,054 ) — (1,054 ) Net increase (decrease) in cash and cash equivalents (33,635 ) — 36,647 (21,431 ) — (18,419 ) Cash and cash equivalents at beginning of year 218,701 — 18,455 175,587 — 412,743 Cash and cash equivalents at end of year $ 185,066 $ — $ 55,102 $ 154,156 $ — $ 394,324 (In thousands) Nine Months Ended September 30, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (30,114 ) $ (14,513 ) $ (33,457 ) $ 17,930 $ 21,285 $ (38,869 ) Reconciling items: Impairment charges — — 21,631 — — 21,631 Depreciation and amortization — — 146,090 134,449 — 280,539 Deferred taxes — 1,282 (2,311 ) (5,895 ) — (6,924 ) Provision for doubtful accounts — — 4,823 3,863 — 8,686 Amortization of deferred financing charges and note discounts, net — 5,597 923 — — 6,520 Share-based compensation — — 4,141 1,904 — 6,045 Gain on sale of operating and fixed assets, net — — (834 ) (6,544 ) — (7,378 ) Equity in loss of nonconsolidated affiliates 33,457 970 10,136 1,938 (45,860 ) 641 Other reconciling items, net — (3,440 ) (13 ) (14,611 ) — (18,064 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Increase in accounts receivable — — (16,021 ) (21,293 ) — (37,314 ) Increase in prepaids and other current assets (1,742 ) — (1,093 ) (23,082 ) (25,917 ) Increase (decrease) in accrued expenses 306 6,536 (64,855 ) (11,681 ) — (69,694 ) Increase (decrease) in accounts payable — — (21,346 ) 4,328 19,960 2,942 Decrease in accrued interest — — (2 ) (1,106 ) — (1,108 ) Increase in deferred income — — 5,624 14,904 — 20,528 Changes in other operating assets and liabilities — — (22,091 ) 6,073 — (16,018 ) Net cash provided by (used for) operating activities $ 1,907 $ (3,568 ) $ 31,345 $ 101,177 $ (4,615 ) $ 126,246 Cash flows from investing activities: Purchases of property, plant and equipment — — (43,856 ) (94,762 ) — (138,618 ) Proceeds from disposal of assets — — 2,504 5,975 — 8,479 Purchases of other operating assets — — (526 ) (1,088 ) — (1,614 ) (Increase) decrease in intercompany notes receivable, net — 4,273 (3,510 ) (10,592 ) 9,829 — Change in other, net — — (910 ) (2,269 ) 907 (2,272 ) Net cash provided by (used for) investing activities $ — $ 4,273 $ (46,298 ) $ (102,736 ) $ 10,736 $ (134,025 ) Cash flows from financing activities: Payments on credit facilities — — — (3,304 ) — (3,304 ) Payments on long-term debt — — (41 ) — — (41 ) Net transfers to iHeartCommunications 34,148 — — — — 34,148 Dividends and other payments to noncontrolling interests — — — (28,088 ) — (28,088 ) Dividends paid — — — (24,575 ) 24,575 — Payments to repurchase noncontrolling interests — — — (234 ) — (234 ) Increase in intercompany notes payable, net — — — 9,829 (9,829 ) — Intercompany funding (38,967 ) (705 ) 32,539 7,133 — — Change in other, net 2,912 — — 907 (907 ) 2,912 Net cash provided by (used for) financing activities (1,907 ) (705 ) 32,498 (38,332 ) 13,839 5,393 Effect of exchange rate changes on cash — — — (10,880 ) — (10,880 ) Net increase (decrease) in cash and cash equivalents — — 17,545 (50,771 ) 19,960 (13,266 ) Cash and cash equivalents at beginning of year 905 — — 205,259 (19,960 ) 186,204 Cash and cash equivalents at end of year $ 905 $ — $ 17,545 $ 154,488 $ — $ 172,938

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements During the second quarter of 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This update provides U.S. GAAP guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, the Company will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The amendments in this update are effective for annual periods ending after December 15, 2016, and for interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the first quarter of 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), Amendments to the Consolidation Analysis . This new standard eliminates the deferral of FAS 167, which has allowed entities with interest in certain investment funds to follow the previous consolidation guidance in FIN 46(R) and makes other changes to both the variable interest model and the voting model. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the second quarter of 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . This update simplifies the presentation of debt issuance costs as a deduction from the carrying value of the outstanding debt balance rather than showing the debt issuance costs as an asset. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The retrospective adoption of this guidance resulted in the reclassification of debt issuance costs of $50.4 million as of December 31, 2015 , which are now reflected as “Long-term debt fees” in Note 3. During the third quarter of 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . This update provides a one-year deferral of the effective date for ASU No. 2014-09, Revenue from Contracts with Customers . ASU No. 2014-09 provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under U.S. GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . This update eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the first quarter of 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new leasing standard presents significant changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard which was issued in the third quarter of 2015. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718) . This update changes the accounting for certain aspects of share-based payments to employees. Income tax effects of share-based payment awards will be recognized in the income statement with the vesting or settlement of the awards and the record keeping for additional paid-in capital pools will no longer be necessary. Additionally, companies can make a policy election to either estimate forfeitures or recognize them as they occur. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losse s (Topic 326) . The new standard changes the impairment model for most financial assets and certain other instruments. Entities will be required to use a model that will result in the earlier recognition of allowances for losses for trade and other receivables, held-to-maturity debt securities, loans and other instruments. For available-for-sale debt securities with unrealized losses, the losses will be recognized as allowances rather than as reductions in the amortized cost of the securities. For an SEC filer, the standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2019. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) . The new standard addresses the classification of cash flows related to certain cash receipts and cash payments. Additionally, the standard clarifies how the predominance principle should be used when cash receipts and cash payments have aspects of more than one class of cash flows. First, an entity will apply the guidance in Topic 230 and other applicable topics. If there is no guidance for those cash receipts and cash payments, an entity will determine each separately identifiable source or use and classify the receipt or payment based on the nature of the cash flow. If a receipt or payment has aspects of more than one class of cash flows and cannot be separated, the classification will depend on the predominant source of use. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT17

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2016
Property Plant And Equipment Intangible Assets And Goodwill [Abstract]
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2016 and December 31, 2015 , respectively: (In thousands) September 30, December 31, Land, buildings and improvements $ 163,663 $ 167,739 Structures 2,755,221 2,824,794 Furniture and other equipment 158,437 156,046 Construction in progress 70,667 54,701 3,147,988 3,203,280 Less: accumulated depreciation 1,654,664 1,575,294 Property, plant and equipment, net $ 1,493,324 $ 1,627,986
Schedule of Other Intangible Assets	The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of September 30, 2016 and December 31, 2015 , respectively: (In thousands) September 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor contractual rights $ 589,703 $ (438,087 ) $ 635,772 $ (457,060 ) Permanent easements 157,347 — 156,349 — Other 4,598 (1,742 ) 9,687 (1,884 ) Total $ 751,648 $ (439,829 ) $ 801,808 $ (458,944 )
Schedule of Future Amortization Expenses	The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2017 $ 29,550 2018 $ 20,736 2019 $ 16,346 2020 $ 14,133 2021 $ 14,085
Schedule of Changes in Carrying Amount of Goodwill	The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) Americas International Consolidated Balance as of December 31, 2014 $ 584,574 $ 232,538 $ 817,112 Acquisitions — 10,998 10,998 Foreign currency (709 ) (19,644 ) (20,353 ) Assets held for sale (49,182 ) — (49,182 ) Balance as of December 31, 2015 $ 534,683 $ 223,892 $ 758,575 Impairment — (7,274 ) (7,274 ) Dispositions (6,934 ) — (6,934 ) Foreign currency (1,805 ) 6,413 4,608 Assets held for sale (10,337 ) — (10,337 ) Balance as of September 30, 2016 $ 515,607 $ 223,031 $ 738,638

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding as of September 30, 2016 and December 31, 2015 consisted of the following: (In thousands) September 30, December 31, Clear Channel Worldwide Holdings Senior Notes: 6.5% Series A Senior Notes Due 2022 $ 735,750 $ 735,750 6.5% Series B Senior Notes Due 2022 1,989,250 1,989,250 Clear Channel Worldwide Holdings Senior Subordinated Notes: 7.625% Series A Senior Subordinated Notes Due 2020 275,000 275,000 7.625% Series B Senior Subordinated Notes Due 2020 1,925,000 1,925,000 Senior Revolving Credit Facility Due 2018 (1) — — Clear Channel International B.V. Senior Notes Due 2020 225,000 225,000 Other debt 18,405 19,003 Original issue discount (7,003 ) (7,769 ) Long-term debt fees (43,469 ) (50,411 ) Total debt $ 5,117,933 $ 5,110,823 Less: current portion 9,662 4,310 Total long-term debt $ 5,108,271 $ 5,106,513 (1) The Senior revolving credit facility provides for borrowings up to $75.0 million (the revolving credit commitment). As of September 30, 2016 , we had $53.7 million of letters of credit outstanding, and $21.3 million of availability, under the senior revolving credit facility.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Benefit (Expense)	The Company’s income tax benefit (expense) for the three and nine months ended September 30, 2016 and 2015 , respectively, consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Current tax benefit (expense) $ (10,260 ) $ 9,562 $ (9,004 ) $ 12,785 Deferred tax benefit (expense) 13,863 13,235 (28,593 ) 6,924 Income tax benefit (expense) $ 3,603 $ 22,797 $ (37,597 ) $ 19,709

SHAREHOLDERS' EQUITY (DEFICIT)

SHAREHOLDERS' EQUITY (DEFICIT) (Tables)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of Changes in Shareholders' Equity (Deficit)	The following table shows the changes in shareholders’ equity (deficit) attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest: (In thousands) The Company Noncontrolling Interests Consolidated Balances as of January 1, 2016 $ (757,442 ) $ 187,775 $ (569,667 ) Net income 39,930 16,162 56,092 Dividends declared (540,034 ) — (540,034 ) Dividends and other payments to noncontrolling interests — (21,046 ) (21,046 ) Share-based compensation 8,140 — 8,140 Foreign currency translation adjustments 45,230 (1,646 ) 43,584 Unrealized holding loss on marketable securities (635 ) — (635 ) Reclassification adjustments 32,161 662 32,823 Other adjustments to comprehensive loss (3,551 ) — (3,551 ) Other, net (2,028 ) 1,299 (729 ) Balances as of September 30, 2016 $ (1,178,229 ) $ 183,206 $ (995,023 ) Balances as of January 1, 2015 $ (344,275 ) $ 203,334 $ (140,941 ) Net income (loss) (54,689 ) 15,820 (38,869 ) Dividends and other payments to noncontrolling interests — (28,088 ) (28,088 ) Share-based compensation 6,045 — 6,045 Foreign currency translation adjustments (90,019 ) (9,884 ) (99,903 ) Unrealized holding gain on marketable securities 540 — 540 Other adjustments to comprehensive loss (1,154 ) — (1,154 ) Other, net 2,837 1,701 4,538 Balances as of September 30, 2015 $ (480,715 ) $ 182,883 $ (297,832 )
Computation of Loss Per Share	COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended 2016 2015 2016 2015 NUMERATOR: Net income (loss) attributable to the Company – common shares $ (31,071 ) $ (22,581 ) $ 39,930 $ (54,689 ) DENOMINATOR: Weighted average common shares outstanding - basic 360,454 359,689 360,202 359,442 Stock options and restricted stock (1) — — 1,215 — Weighted average common shares outstanding - diluted 360,454 359,689 361,417 359,442 Net income (loss) attributable to the Company per common share: Basic $ (0.09 ) $ (0.06 ) $ 0.11 $ (0.15 ) Diluted $ (0.09 ) $ (0.06 ) $ 0.11 $ (0.15 ) (1) Outstanding equity awards of 8.1 million and 8.8 million for the three months ended September 30, 2016 and 2015 , respectively, and 5.4 million and 8.8 million for the nine months ended September 30, 2016 and 2015 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2016 and 2015: (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended September 30, 2016 Revenue $ 322,997 $ 350,060 $ — $ 673,057 Direct operating expenses 142,989 223,097 — 366,086 Selling, general and administrative expenses 54,500 71,664 — 126,164 Corporate expenses — — 28,058 28,058 Depreciation and amortization 47,242 37,018 1,520 85,780 Impairment charges — — 7,274 7,274 Other operating income, net — — 1,095 1,095 Operating income (loss) $ 78,266 $ 18,281 $ (35,757 ) $ 60,790 Capital expenditures $ 19,114 $ 30,803 $ 1,033 $ 50,950 Share-based compensation expense $ — $ — $ 2,697 $ 2,697 Three Months Ended September 30, 2015 Revenue $ 347,336 $ 348,941 $ — $ 696,277 Direct operating expenses 149,072 223,644 — 372,716 Selling, general and administrative expenses 59,539 73,020 — 132,559 Corporate expenses — — 28,347 28,347 Depreciation and amortization 50,121 41,564 1,355 93,040 Impairment charges — — 21,631 21,631 Other operating income, net — — 5,029 5,029 Operating income (loss) $ 88,604 $ 10,713 $ (46,304 ) $ 53,013 Capital expenditures $ 18,557 $ 28,665 $ 1,363 $ 48,585 Share-based compensation expense $ — $ — $ 2,316 $ 2,316 (In thousands) Americas International Corporate and other reconciling items Consolidated Nine Months Ended September 30, 2016 Revenue $ 931,058 $ 1,044,866 $ — $ 1,975,924 Direct operating expenses 421,039 654,802 — 1,075,841 Selling, general and administrative expenses 167,660 220,872 — 388,532 Corporate expenses — — 85,949 85,949 Depreciation and amortization 140,883 113,075 4,191 258,149 Impairment Charges — — 7,274 7,274 Other operating income, net — — 226,485 226,485 Operating income $ 201,476 $ 56,117 $ 129,071 $ 386,664 Capital expenditures $ 47,808 $ 97,487 $ 2,710 $ 148,005 Share-based compensation expense $ — $ — $ 8,140 $ 8,140 Nine Months Ended September 30, 2015 Revenue $ 984,485 $ 1,049,654 $ — $ 2,034,139 Direct operating expenses 445,018 663,011 — 1,108,029 Selling, general and administrative expenses 172,522 219,689 — 392,211 Corporate expenses — — 87,254 87,254 Depreciation and amortization 151,574 124,961 4,004 280,539 Impairment charges — — 21,631 21,631 Other operating income, net — — 244 244 Operating income (loss) $ 215,371 $ 41,993 $ (112,645 ) $ 144,719 Capital expenditures $ 50,916 $ 85,522 $ 2,180 $ 138,618 Share-based compensation expense $ — $ — $ 6,045 $ 6,045

GUARANTOR SUBSIDIARIES (Tables)

GUARANTOR SUBSIDIARIES (Tables)	9 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule Of Guarantor Obligations, Balance Sheet	The following consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X Rule 3-10(d): (In thousands) September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 185,066 $ — $ 55,102 $ 154,156 $ — $ 394,324 Accounts receivable, net of allowance — — 182,295 445,560 — 627,855 Intercompany receivables — 476,481 2,466,623 3,456 (2,946,560 ) — Prepaid expenses 2,935 3,433 63,768 66,387 — 136,523 Assets held for sale — — 55,184 — — 55,184 Other current assets (1,166 ) 1,168 34,501 34,442 — 68,945 Total Current Assets 186,835 481,082 2,857,473 704,001 (2,946,560 ) 1,282,831 Structures, net — — 760,291 494,104 — 1,254,395 Other property, plant and equipment, net — — 119,069 119,860 — 238,929 Indefinite-lived intangibles — — 951,439 9,755 — 961,194 Other intangibles, net — — 261,229 50,590 — 311,819 Goodwill — — 505,478 233,160 — 738,638 Due from iHeartCommunications 769,465 — — — — 769,465 Intercompany notes receivable 182,026 5,092,747 — — (5,274,773 ) — Other assets 188,193 235,996 1,104,268 64,060 (1,474,192 ) 118,325 Total Assets $ 1,326,519 $ 5,809,825 $ 6,559,247 $ 1,675,530 $ (9,695,525 ) $ 5,675,596 Accounts payable $ — $ — $ 7,175 $ 63,956 $ — $ 71,131 Intercompany payable 2,466,623 — 479,937 — (2,946,560 ) — Accrued expenses 1,521 — 82,004 402,277 — 485,802 Deferred income — — 41,712 58,455 — 100,167 Current portion of long-term debt — — 86 9,576 — 9,662 Total Current Liabilities 2,468,144 — 610,914 534,264 (2,946,560 ) 666,762 Long-term debt — 4,884,129 1,734 222,408 — 5,108,271 Intercompany notes payable — — 5,027,695 247,078 (5,274,773 ) — Deferred tax liability 772 1,367 633,610 2,288 — 638,037 Other long-term liabilities 1,493 — 128,082 127,974 — 257,549 Total shareholders' equity (deficit) (1,143,890 ) 924,329 157,212 541,518 (1,474,192 ) (995,023 ) Total Liabilities and Shareholders' Equity (Deficit) $ 1,326,519 $ 5,809,825 $ 6,559,247 $ 1,675,530 $ (9,695,525 ) $ 5,675,596 (In thousands) December 31, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 218,701 $ — $ 18,455 $ 175,587 $ — $ 412,743 Accounts receivable, net of allowance — — 210,252 487,331 — 697,583 Intercompany receivables — 461,549 1,921,025 8,003 (2,390,577 ) — Prepaid expenses 1,423 3,433 62,039 60,835 — 127,730 Assets held for sale — — 295,075 — — 295,075 Other current assets — — 1,823 32,743 — 34,566 Total Current Assets 220,124 464,982 2,508,669 764,499 (2,390,577 ) 1,567,697 Structures, net — — 868,586 523,294 — 1,391,880 Other property, plant and equipment, net — — 129,339 106,767 — 236,106 Indefinite-lived intangibles — — 962,074 9,253 — 971,327 Other intangibles, net — — 272,307 70,557 — 342,864 Goodwill — — 522,750 235,825 — 758,575 Due from iHeartCommunications 930,799 — — — — 930,799 Intercompany notes receivable 182,026 5,107,392 — — (5,289,418 ) — Other assets 78,341 307,054 1,214,311 45,393 (1,537,559 ) 107,540 Total Assets $ 1,411,290 $ 5,879,428 $ 6,478,036 $ 1,755,588 $ (9,217,554 ) $ 6,306,788 Accounts payable $ — $ — $ 12,124 $ 88,086 $ — $ 100,210 Intercompany payable 1,915,287 — 475,290 — (2,390,577 ) — Accrued expenses 953 (707 ) 108,480 398,939 — 507,665 Dividends payable 217,017 — — — — 217,017 Deferred income — — 37,471 53,940 — 91,411 Current portion of long-term debt — — 65 4,245 — 4,310 Total Current Liabilities 2,133,257 (707 ) 633,430 545,210 (2,390,577 ) 920,613 Long-term debt — 4,877,578 1,014 227,921 — 5,106,513 Intercompany notes payable — — 5,032,499 256,919 (5,289,418 ) — Deferred tax liability 772 1,367 599,541 7,230 — 608,910 Other long-term liabilities 1,587 — 133,227 105,605 — 240,419 Total shareholders' equity (deficit) (724,326 ) 1,001,190 78,325 612,703 (1,537,559 ) (569,667 ) Total Liabilities and Shareholders' Equity (Deficit) $ 1,411,290 $ 5,879,428 $ 6,478,036 $ 1,755,588 $ (9,217,554 ) $ 6,306,788
Schedule Of Guarantor Obligations, Income Statement	(In thousands) Three Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 287,526 $ 385,531 $ — $ 673,057 Operating expenses: Direct operating expenses — — 122,893 243,193 — 366,086 Selling, general and administrative expenses — — 46,946 79,218 — 126,164 Corporate expenses 3,400 — 13,884 10,774 — 28,058 Depreciation and amortization — — 45,525 40,255 — 85,780 Impairment charges — — — 7,274 — 7,274 Other operating income (expense), net (108 ) — 3,319 (2,116 ) — 1,095 Operating income (loss) (3,508 ) — 61,597 2,701 — 60,790 Interest (income) expense, net (236 ) 88,972 (639 ) 5,216 — 93,313 Interest income on Due from iHeartCommunications 12,429 — — — — 12,429 Intercompany interest income 4,034 85,410 12,920 — (102,364 ) — Intercompany interest expense 12,429 — 89,444 491 (102,364 ) — Equity in loss of nonconsolidated affiliates (31,335 ) (27,115 ) (30,183 ) (833 ) 88,739 (727 ) Other income (expense), net 668 — (907 ) (6,285 ) — (6,524 ) Loss before income taxes (29,905 ) (30,677 ) (45,378 ) (10,124 ) 88,739 (27,345 ) Income tax benefit (expense) (1,166 ) 1,168 14,043 (10,442 ) — 3,603 Consolidated net loss (31,071 ) (29,509 ) (31,335 ) (20,566 ) 88,739 (23,742 ) Less amount attributable to noncontrolling interest — — — 7,329 — 7,329 Net loss attributable to the Company $ (31,071 ) $ (29,509 ) $ (31,335 ) $ (27,895 ) $ 88,739 $ (31,071 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (5,714 ) 12,928 — 7,214 Unrealized holding loss on marketable securities — — — (290 ) — (290 ) Other adjustments to comprehensive income — — (2 ) 195 — 193 Equity in subsidiary comprehensive income 6,542 9,528 9,276 — (25,346 ) — Comprehensive loss (24,529 ) (19,981 ) (27,775 ) (15,062 ) 63,393 (23,954 ) Less amount attributable to noncontrolling interest — — (2,982 ) 3,557 — 575 Comprehensive loss attributable to the Company $ (24,529 ) $ (19,981 ) $ (24,793 ) $ (18,619 ) $ 63,393 $ (24,529 ) (In thousands) Three Months Ended September 30, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 311,096 $ 385,181 $ — $ 696,277 Operating expenses: Direct operating expenses — — 127,922 244,794 — 372,716 Selling, general and administrative expenses — — 51,238 81,321 — 132,559 Corporate expenses 3,122 — 13,848 11,377 — 28,347 Depreciation and amortization — — 48,402 44,638 — 93,040 Impairment charges — — 21,631 — — 21,631 Other operating income (expense), net (121 ) — 996 4,154 — 5,029 Operating income (loss) (3,243 ) — 49,051 7,205 — 53,013 Interest expense, net 2 88,084 232 (230 ) — 88,088 Interest income on Due from iHeartCommunications 15,630 — — — — 15,630 Intercompany interest income 4,021 85,147 15,802 — (104,970 ) — Intercompany interest expense 15,630 — 89,168 172 (104,970 ) — Equity in loss of nonconsolidated affiliates (23,425 ) (16,699 ) (19,030 ) (1,150 ) 59,492 (812 ) Other income (expense), net 356 — (734 ) (17,364 ) — (17,742 ) Loss before income taxes (22,293 ) (19,636 ) (44,311 ) (11,251 ) 59,492 (37,999 ) Income tax benefit (expense) (288 ) 489 20,886 1,710 — 22,797 Consolidated net loss (22,581 ) (19,147 ) (23,425 ) (9,541 ) 59,492 (15,202 ) Less amount attributable to noncontrolling interest — — — 7,379 — 7,379 Net loss attributable to the Company $ (22,581 ) $ (19,147 ) $ (23,425 ) $ (16,920 ) $ 59,492 $ (22,581 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (9,038 ) (12,278 ) — (21,316 ) Unrealized holding loss on marketable securities — — — (149 ) — (149 ) Equity in subsidiary comprehensive loss (14,342 ) (3,769 ) (5,304 ) — 23,415 — Comprehensive loss (36,923 ) (22,916 ) (37,767 ) (29,347 ) 82,907 (44,046 ) Less amount attributable to noncontrolling interest — — — (7,123 ) — (7,123 ) Comprehensive loss attributable to the Company $ (36,923 ) $ (22,916 ) $ (37,767 ) $ (22,224 ) $ 82,907 $ (36,923 ) (In thousands) Nine Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 833,840 $ 1,142,084 $ — $ 1,975,924 Operating expenses: Direct operating expenses — — 365,478 710,363 — 1,075,841 Selling, general and administrative expenses — — 146,347 242,185 — 388,532 Corporate expenses 9,822 — 44,946 31,181 — 85,949 Depreciation and amortization — — 134,763 123,386 — 258,149 Impairment charges — — — 7,274 — 7,274 Other operating income (expense), net (312 ) — 291,168 (64,371 ) — 226,485 Operating income (loss) (10,134 ) — 433,474 (36,676 ) — 386,664 Interest (income) expense, net (886 ) 265,091 557 17,074 — 281,836 Interest income on Due from iHeartCommunications 36,433 — — — — 36,433 Intercompany interest income 12,102 256,289 37,944 — (306,335 ) — Intercompany interest expense 36,433 — 268,391 1,511 (306,335 ) — Equity in earnings (loss) of nonconsolidated affiliates 36,647 (144,270 ) (153,409 ) (2,166 ) 261,824 (1,374 ) Other income (expense), net 2,373 — (1,916 ) (46,655 ) — (46,198 ) Income (loss) before income taxes 41,874 (153,072 ) 47,145 (104,082 ) 261,824 93,689 Income tax benefit (expense) (1,944 ) 3,078 (10,498 ) (28,233 ) — (37,597 ) Consolidated net income (loss) 39,930 (149,994 ) 36,647 (132,315 ) 261,824 56,092 Less amount attributable to noncontrolling interest — — — 16,162 — 16,162 Net income (loss) attributable to the Company $ 39,930 $ (149,994 ) $ 36,647 $ (148,477 ) $ 261,824 $ 39,930 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (8,761 ) 52,345 — 43,584 Unrealized holding loss on marketable securities — — — (635 ) — (635 ) Reclassification adjustments — — 662 32,161 — 32,823 Other adjustments to comprehensive income — — — (3,551 ) — (3,551 ) Equity in subsidiary comprehensive income 73,205 73,133 79,000 — (225,338 ) — Comprehensive income (loss) 113,135 (76,861 ) 107,548 (68,157 ) 36,486 112,151 Less amount attributable to noncontrolling interest — — (2,304 ) 1,320 — (984 ) Comprehensive income (loss) attributable to the Company $ 113,135 $ (76,861 ) $ 109,852 $ (69,477 ) $ 36,486 $ 113,135 (In thousands) Nine Months Ended September 30, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 869,722 $ 1,164,417 $ — $ 2,034,139 Operating expenses: Direct operating expenses — — 377,936 730,093 — 1,108,029 Selling, general and administrative expenses — — 147,196 245,015 — 392,211 Corporate expenses 9,614 — 43,355 34,285 — 87,254 Depreciation and amortization — — 146,090 134,449 — 280,539 Impairment charges — — 21,631 — — 21,631 Other operating income (expense), net (341 ) — (5,959 ) 6,544 — 244 Operating income (loss) (9,955 ) — 127,555 27,119 — 144,719 Interest expense, net 14 264,245 1,207 594 — 266,060 Interest income on Due from iHeartCommunications 45,932 — — — — 45,932 Intercompany interest income 12,046 255,356 46,355 — (313,757 ) — Intercompany interest expense 45,932 — 267,402 423 (313,757 ) — Equity in loss of nonconsolidated affiliates (33,457 ) (970 ) (10,136 ) (1,938 ) 45,860 (641 ) Other income, net 2,039 3,440 20,515 16,053 (24,575 ) 17,472 Income (loss) before income taxes (29,341 ) (6,419 ) (84,320 ) 40,217 21,285 (58,578 ) Income tax benefit (expense) (773 ) (8,094 ) 50,863 (22,287 ) — 19,709 Consolidated net income (loss) (30,114 ) (14,513 ) (33,457 ) 17,930 21,285 (38,869 ) Less amount attributable to noncontrolling interest — — — 15,820 — 15,820 Net income (loss) attributable to the Company $ (30,114 ) $ (14,513 ) $ (33,457 ) $ 2,110 $ 21,285 $ (54,689 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (3,440 ) (16,064 ) (80,399 ) — (99,903 ) Unrealized holding gain on marketable securities — — — 540 — 540 Other adjustments to comprehensive loss — — — (1,154 ) — (1,154 ) Equity in subsidiary comprehensive loss (90,633 ) (43,130 ) (74,569 ) — 208,332 — Comprehensive loss (120,747 ) (61,083 ) (124,090 ) (78,903 ) 229,617 (155,206 ) Less amount attributable to noncontrolling interest — — — (9,884 ) — (9,884 ) Comprehensive loss attributable to the Company $ (120,747 ) $ (61,083 ) $ (124,090 ) $ (69,019 ) $ 229,617 $ (145,322 )
Schedule Of Guarantor Obligations, Cash Flow	(In thousands) Nine Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ 39,930 $ (149,994 ) $ 36,647 $ (132,315 ) $ 261,824 $ 56,092 Reconciling items: Depreciation and amortization — — 134,763 123,386 — 258,149 Impairment charges — — — 7,274 — 7,274 Deferred taxes — — 34,069 (5,476 ) — 28,593 Provision for doubtful accounts — — 5,239 3,205 — 8,444 Amortization of deferred financing charges and note discounts, net — 6,551 — 1,356 — 7,907 Share-based compensation — — 4,363 3,777 — 8,140 (Gain) loss on disposal of operating assets, net — — (292,766 ) 60,740 — (232,026 ) Equity in (earnings) loss of nonconsolidated affiliates (36,647 ) 144,270 153,409 2,166 (261,824 ) 1,374 Other reconciling items, net — — (190 ) 45,505 — 45,315 Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Decrease in accounts receivable — — 25,166 24,524 — 49,690 Increase in prepaids and other current assets (1,511 ) — (25,076 ) (13,066 ) — (39,653 ) Increase (decrease) in accrued expenses 213 (461 ) (31,497 ) 9,692 — (22,053 ) Decrease in accounts payable — — (4,958 ) (21,590 ) — (26,548 ) Increase (decrease) in accrued interest — — (612 ) 5,669 — 5,057 Increase in deferred income — — 3,993 4,516 — 8,509 Changes in other operating assets and liabilities — — 9,735 16,158 — 25,893 Net cash provided by operating activities $ 1,985 $ 366 $ 52,285 $ 135,521 $ — $ 190,157 Cash flows from investing activities: Purchases of property, plant and equipment — — (44,547 ) (103,458 ) — (148,005 ) Proceeds from disposal of assets — — 355,138 236,626 — 591,764 Purchases of other operating assets — — (1,444 ) (245 ) — (1,689 ) Decrease in intercompany notes receivable, net — 14,646 — — (14,646 ) — Dividends from subsidiaries — — 235,467 — (235,467 ) — Change in other, net — (79 ) (2 ) (30,347 ) 79 (30,349 ) Net cash provided by (used for) investing activities $ — $ 14,567 $ 544,612 $ 102,576 $ (250,034 ) $ 411,721 Cash flows from financing activities: Payments on credit facilities — — — (1,728 ) — (1,728 ) Payments on long-term debt — — (57 ) (1,919 ) — (1,976 ) Net transfers to iHeartCommunications 161,335 — — — — 161,335 Dividends and other payments from (to) noncontrolling interests — — 2,967 (24,013 ) — (21,046 ) Dividends paid (755,148 ) — (914 ) (234,554 ) 235,467 (755,149 ) Decrease in intercompany notes payable, net — — (3,613 ) (11,033 ) 14,646 — Intercompany funding 559,473 (14,933 ) (559,433 ) 14,893 — — Change in other, net (1,280 ) — 800 (120 ) (79 ) (679 ) Net cash used for financing activities (35,620 ) (14,933 ) (560,250 ) (258,474 ) 250,034 (619,243 ) Effect of exchange rate changes on cash — — — (1,054 ) — (1,054 ) Net increase (decrease) in cash and cash equivalents (33,635 ) — 36,647 (21,431 ) — (18,419 ) Cash and cash equivalents at beginning of year 218,701 — 18,455 175,587 — 412,743 Cash and cash equivalents at end of year $ 185,066 $ — $ 55,102 $ 154,156 $ — $ 394,324 (In thousands) Nine Months Ended September 30, 2015 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net income (loss) $ (30,114 ) $ (14,513 ) $ (33,457 ) $ 17,930 $ 21,285 $ (38,869 ) Reconciling items: Impairment charges — — 21,631 — — 21,631 Depreciation and amortization — — 146,090 134,449 — 280,539 Deferred taxes — 1,282 (2,311 ) (5,895 ) — (6,924 ) Provision for doubtful accounts — — 4,823 3,863 — 8,686 Amortization of deferred financing charges and note discounts, net — 5,597 923 — — 6,520 Share-based compensation — — 4,141 1,904 — 6,045 Gain on sale of operating and fixed assets, net — — (834 ) (6,544 ) — (7,378 ) Equity in loss of nonconsolidated affiliates 33,457 970 10,136 1,938 (45,860 ) 641 Other reconciling items, net — (3,440 ) (13 ) (14,611 ) — (18,064 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Increase in accounts receivable — — (16,021 ) (21,293 ) — (37,314 ) Increase in prepaids and other current assets (1,742 ) — (1,093 ) (23,082 ) (25,917 ) Increase (decrease) in accrued expenses 306 6,536 (64,855 ) (11,681 ) — (69,694 ) Increase (decrease) in accounts payable — — (21,346 ) 4,328 19,960 2,942 Decrease in accrued interest — — (2 ) (1,106 ) — (1,108 ) Increase in deferred income — — 5,624 14,904 — 20,528 Changes in other operating assets and liabilities — — (22,091 ) 6,073 — (16,018 ) Net cash provided by (used for) operating activities $ 1,907 $ (3,568 ) $ 31,345 $ 101,177 $ (4,615 ) $ 126,246 Cash flows from investing activities: Purchases of property, plant and equipment — — (43,856 ) (94,762 ) — (138,618 ) Proceeds from disposal of assets — — 2,504 5,975 — 8,479 Purchases of other operating assets — — (526 ) (1,088 ) — (1,614 ) (Increase) decrease in intercompany notes receivable, net — 4,273 (3,510 ) (10,592 ) 9,829 — Change in other, net — — (910 ) (2,269 ) 907 (2,272 ) Net cash provided by (used for) investing activities $ — $ 4,273 $ (46,298 ) $ (102,736 ) $ 10,736 $ (134,025 ) Cash flows from financing activities: Payments on credit facilities — — — (3,304 ) — (3,304 ) Payments on long-term debt — — (41 ) — — (41 ) Net transfers to iHeartCommunications 34,148 — — — — 34,148 Dividends and other payments to noncontrolling interests — — — (28,088 ) — (28,088 ) Dividends paid — — — (24,575 ) 24,575 — Payments to repurchase noncontrolling interests — — — (234 ) — (234 ) Increase in intercompany notes payable, net — — — 9,829 (9,829 ) — Intercompany funding (38,967 ) (705 ) 32,539 7,133 — — Change in other, net 2,912 — — 907 (907 ) 2,912 Net cash provided by (used for) financing activities (1,907 ) (705 ) 32,498 (38,332 ) 13,839 5,393 Effect of exchange rate changes on cash — — — (10,880 ) — (10,880 ) Net increase (decrease) in cash and cash equivalents — — 17,545 (50,771 ) 19,960 (13,266 ) Cash and cash equivalents at beginning of year 905 — — 205,259 (19,960 ) 186,204 Cash and cash equivalents at end of year $ 905 $ — $ 17,545 $ 154,488 $ — $ 172,938

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of debt issuance costs	$ 43,469	$ 50,411
Accounting Standards Update 2015-03 | Long-term debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of debt issuance costs		50,400
Accounting Standards Update 2015-03 | Other noncurrent assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of debt issuance costs		$ (50,400)

PROPERTY, PLANT AND EQUIPMENT24

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Details) $ in Thousands	Oct. 24, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)market	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Property, Plant and Equipment [Line Items]
Impairment of indefinite-lived intangible assets					$ 21,600		$ 21,600
Amortization expense		$ 9,300			$ 11,100	$ 29,200	38,300
Goodwill impairment						7,274
Current assets		55,184				55,184		$ 295,075
Dispositions | Non-strategic outdoor markets
Property, Plant and Equipment [Line Items]
Number of markets sold | market				9
Disposal proceeds				$ 592,600
Net gain (loss) on disposal				278,300
Dispositions | International Outdoor, Turkey
Property, Plant and Equipment [Line Items]
Net gain (loss) on disposal			$ (56,600)
Cumulative translation adjustments recognized upon sale			$ 32,200
Dispositions | Australia Outdoor
Property, Plant and Equipment [Line Items]
Current assets		48,600				48,600
Property, plant & equipment		56,200				56,200
Other assets		5,700				5,700
Current liabilities		31,100				31,100
Long-term liabilities		9,000				9,000
Revenue						96,000	83,600
Direct expenses						56,200	51,900
SG&A						18,500	16,100
Depreciation and amortization						9,400	$ 7,300
Assets held for sale | Outdoor market Indianapolis
Property, Plant and Equipment [Line Items]
Disposal proceeds				$ 41,200
International Outdoor
Property, Plant and Equipment [Line Items]
Goodwill impairment		$ 7,300				$ 7,300
Subsequent Event | Dispositions | Australia Outdoor
Property, Plant and Equipment [Line Items]
Cash proceeds for sale of ownership interest	$ 203,900

PROPERTY, PLANT AND EQUIPMENT25

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,147,988	$ 3,203,280
Less: accumulated depreciation	1,654,664	1,575,294
Property, plant and equipment, net	1,493,324	1,627,986
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	163,663	167,739
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,755,221	2,824,794
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	158,437	156,046
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 70,667	$ 54,701

PROPERTY, PLANT AND EQUIPMENT26

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Definite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 751,648	$ 801,808
Accumulated Amortization	(439,829)	(458,944)
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	589,703	635,772
Accumulated Amortization	(438,087)	(457,060)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	157,347	156,349
Accumulated Amortization	0	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,598	9,687
Accumulated Amortization	$ (1,742)	$ (1,884)

PROPERTY, PLANT AND EQUIPMENT27

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Future Amortization Expenses (Details) $ in Thousands	Sep. 30, 2016USD ($)
Property Plant And Equipment Intangible Assets And Goodwill [Abstract]
2,017	$ 29,550
2,018	20,736
2,019	16,346
2,020	14,133
2,021	$ 14,085

PROPERTY, PLANT AND EQUIPMENT28

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Beginning balance	$ 758,575	$ 817,112
Acquisitions		10,998
Impairment	(7,274)
Foreign currency	4,608	(20,353)
Ending balance	738,638	758,575
Assets held for sale
Goodwill [Roll Forward]
Dispositions and assets held for sale	(10,337)	(49,182)
Dispositions
Goodwill [Roll Forward]
Dispositions and assets held for sale	(6,934)
Americas
Goodwill [Roll Forward]
Beginning balance	534,683	584,574
Acquisitions		0
Impairment	0
Foreign currency	(1,805)	(709)
Ending balance	515,607	534,683
Americas | Assets held for sale
Goodwill [Roll Forward]
Dispositions and assets held for sale	(10,337)	(49,182)
Americas | Dispositions
Goodwill [Roll Forward]
Dispositions and assets held for sale	(6,934)
International
Goodwill [Roll Forward]
Beginning balance	223,892	232,538
Acquisitions		10,998
Impairment	(7,274)
Foreign currency	6,413	(19,644)
Ending balance	223,031	223,892
International | Assets held for sale
Goodwill [Roll Forward]
Dispositions and assets held for sale	0	$ 0
International | Dispositions
Goodwill [Roll Forward]
Dispositions and assets held for sale	$ 0

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt	$ 5,117,933,000	$ 5,110,823,000
Original issue discount	(7,003,000)	(7,769,000)
Long-term debt fees	(43,469,000)	(50,411,000)
Less: current portion	9,662,000	4,310,000
Total long-term debt	5,108,271,000	5,106,513,000
Senior Revolving Credit Facility Due 2018
Debt Instrument [Line Items]
Total debt	0	0
Maximum borrowing capacity	75,000,000
Amount available under credit facility	21,300,000
Clear Channel International B.V. Senior Notes Due 2020
Debt Instrument [Line Items]
Total debt	225,000,000	225,000,000
Other debt
Debt Instrument [Line Items]
Total debt	18,405,000	19,003,000
Clear Channel Worldwide Holdings Senior Notes | 6.5% Series A Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt	$ 735,750,000	735,750,000
Stated interest rate	6.50%
Clear Channel Worldwide Holdings Senior Notes | 6.5% Series B Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt	$ 1,989,250,000	1,989,250,000
Stated interest rate	6.50%
Clear Channel Worldwide Holdings Senior Subordinated Notes | 7.625% Series A Senior Subordinated Notes Due 2020
Debt Instrument [Line Items]
Total debt	$ 275,000,000	275,000,000
Stated interest rate	7.625%
Clear Channel Worldwide Holdings Senior Subordinated Notes | 7.625% Series B Senior Subordinated Notes Due 2020
Debt Instrument [Line Items]
Total debt	$ 1,925,000,000	$ 1,925,000,000
Stated interest rate	7.625%
Letters of credit | Senior Revolving Credit Facility Due 2018
Debt Instrument [Line Items]
Letters of credit outstanding	$ 53,700,000

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Narrative) (Details) - USD ($) $ in Billions	Sep. 30, 2016	Dec. 31, 2015
Level 1
Debt Instrument [Line Items]
Aggregate market value of the Company's debt	$ 5.2	$ 4.9

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees (Narrative) (Detail) $ in Millions	Sep. 30, 2016USD ($)
Letters of credit
Guarantor Obligations [Line Items]
Guarantees obligations	$ 54.9
Bank guarantees
Guarantor Obligations [Line Items]
Guarantees obligations	59.9
Bank guarantees collateralized
Guarantor Obligations [Line Items]
Guarantees obligations	26.1
Commercial standby letters of credit | iHeartCommunications
Guarantor Obligations [Line Items]
Guarantees obligations	1.2
Surety bonds | iHeartCommunications
Guarantor Obligations [Line Items]
Guarantees obligations	$ 53.6

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Feb. 04, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Due from iHeartCommunications		$ 769,465,000		$ 769,465,000		$ 930,799,000
Fixed interest rate due from iHeartCommunications				6.50%
Interest income on Due from iHeartCommunications		12,429,000	$ 15,630,000	$ 36,433,000	$ 45,932,000
iHeartCommunications
Related Party Transaction [Line Items]
Face value of promissory note with related party		1,000,000,000		1,000,000,000
Due from iHeartCommunications	$ 300,000,000
Interest income on Due from iHeartCommunications		12,400,000	15,600,000	36,400,000	45,900,000
Special cash dividend	$ 540,000,000
Advertising revenue		1,200,000	300,000	2,000,000	2,500,000
Allocation of corporate expenses		7,600,000	7,900,000	26,000,000	23,800,000
iHeartCommunications | Selling, General and Administrative Expenses
Related Party Transaction [Line Items]
Allocation of period cost for employee benefit plans		$ 2,300,000	$ 2,700,000	$ 7,000,000	$ 8,000,000

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Income Tax Benefit (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Current tax benefit (expense)	$ (10,260)	$ 9,562	$ (9,004)	$ 12,785
Deferred tax benefit (expense)	13,863	13,235	(28,593)	6,924
Income tax benefit (expense)	$ 3,603	$ 22,797	$ (37,597)	$ 19,709

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - market	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	13.20%		60.00%	40.10%	33.60%
Non-strategic outdoor markets | Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of markets sold		9

SHAREHOLDERS' EQUITY (DEFICIT35

SHAREHOLDERS' EQUITY (DEFICIT) - Schedule of Changes in Shareholders' Equity (Deficit) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balances			$ (569,667)	$ (140,941)
Net income (loss)	$ (23,742)	$ (15,202)	56,092	(38,869)
Dividends declared			(540,034)
Dividends and other payments to noncontrolling interests			(21,046)	(28,088)
Share-based compensation	2,697	2,316	8,140	6,045
Foreign currency translation adjustments			43,584	(99,903)
Unrealized holding gain (loss) on marketable securities	(290)	(149)	(635)	540
Reclassification adjustments	0	0	32,823	0
Other adjustments to comprehensive income (loss)	193	0	(3,551)	(1,154)
Other, net			(729)	4,538
Ending Balances	(995,023)	(297,832)	(995,023)	(297,832)
The Company
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balances			(757,442)	(344,275)
Net income (loss)			39,930	(54,689)
Dividends declared			(540,034)
Share-based compensation			8,140	6,045
Foreign currency translation adjustments			45,230	(90,019)
Unrealized holding gain (loss) on marketable securities			(635)	540
Reclassification adjustments			32,161
Other adjustments to comprehensive income (loss)			(3,551)	(1,154)
Other, net			(2,028)	2,837
Ending Balances	(1,178,229)	(480,715)	(1,178,229)	(480,715)
Noncontrolling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balances			187,775	203,334
Net income (loss)			16,162	15,820
Dividends and other payments to noncontrolling interests			(21,046)	(28,088)
Foreign currency translation adjustments			(1,646)	(9,884)
Reclassification adjustments			662
Other, net			1,299	1,701
Ending Balances	$ 183,206	$ 182,883	$ 183,206	$ 182,883

SHAREHOLDERS' EQUITY (DEFICIT36

SHAREHOLDERS' EQUITY (DEFICIT) - Computation of Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
NUMERATOR:
Net income (loss) attributable to the Company – common shares	$ (31,071)	$ (22,581)	$ 39,930	$ (54,689)
DENOMINATOR:
Weighted average common shares outstanding - basic	360,454	359,689	360,202	359,442
Stock options and restricted stock (in shares)	0	0	1,215	0
Weighted average common shares outstanding – Diluted	360,454	359,689	361,417	359,442
Net income (loss) attributable to the Company per common share:
Basic (in dollars per share)	$ (0.09)	$ (0.06)	$ 0.11	$ (0.15)
Diluted (in dollars per share)	$ (0.09)	$ (0.06)	$ 0.11	$ (0.15)
Outstanding equity awards not included in computation of diluted earnings per share	8,100	8,800	5,400	8,800

OTHER INFORMATION (Details)

OTHER INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
(Decrease) increase in deferred income tax liabilities of other adjustments to comprehensive loss	$ 0.1	$ 0	$ (0.7)	$ (0.6)

SEGMENT DATA (Details)

SEGMENT DATA (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Revenue	$ 673,057	$ 696,277	$ 1,975,924	$ 2,034,139
Direct operating expenses	366,086	372,716	1,075,841	1,108,029
Selling, general and administrative expenses	126,164	132,559	388,532	392,211
Corporate expenses	28,058	28,347	85,949	87,254
Depreciation and amortization	85,780	93,040	258,149	280,539
Impairment charges	7,274	21,631	7,274	21,631
Other operating income, net	1,095	5,029	226,485	244
Operating income (loss)	60,790	53,013	386,664	144,719
Capital expenditures	50,950	48,585	148,005	138,618
Share-based compensation expense	2,697	2,316	8,140	6,045
Operating segments | Americas
Segment Reporting Information [Line Items]
Revenue	322,997	347,336	931,058	984,485
Direct operating expenses	142,989	149,072	421,039	445,018
Selling, general and administrative expenses	54,500	59,539	167,660	172,522
Corporate expenses	0	0	0	0
Depreciation and amortization	47,242	50,121	140,883	151,574
Impairment charges	0	0	0	0
Other operating income, net	0	0	0	0
Operating income (loss)	78,266	88,604	201,476	215,371
Capital expenditures	19,114	18,557	47,808	50,916
Share-based compensation expense	0	0	0	0
Operating segments | International
Segment Reporting Information [Line Items]
Revenue	350,060	348,941	1,044,866	1,049,654
Direct operating expenses	223,097	223,644	654,802	663,011
Selling, general and administrative expenses	71,664	73,020	220,872	219,689
Corporate expenses	0	0	0	0
Depreciation and amortization	37,018	41,564	113,075	124,961
Impairment charges	0	0	0	0
Other operating income, net	0	0	0	0
Operating income (loss)	18,281	10,713	56,117	41,993
Capital expenditures	30,803	28,665	97,487	85,522
Share-based compensation expense	0	0	0	0
Corporate and other reconciling items
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Direct operating expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Corporate expenses	28,058	28,347	85,949	87,254
Depreciation and amortization	1,520	1,355	4,191	4,004
Impairment charges	7,274	21,631	7,274	21,631
Other operating income, net	1,095	5,029	226,485	244
Operating income (loss)	(35,757)	(46,304)	129,071	(112,645)
Capital expenditures	1,033	1,363	2,710	2,180
Share-based compensation expense	$ 2,697	$ 2,316	$ 8,140	$ 6,045

GUARANTOR SUBSIDIARIES - Schedu

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 394,324	$ 412,743	$ 172,938	$ 186,204
Accounts receivable, net of allowance	627,855	697,583
Intercompany receivables	0	0
Prepaid expenses	136,523	127,730
Assets held for sale	55,184	295,075
Other current assets	68,945	34,566
Total Current Assets	1,282,831	1,567,697
Structures, net	1,254,395	1,391,880
Other property, plant and equipment, net	238,929	236,106
Indefinite-lived intangibles	961,194	971,327
Other intangibles, net	311,819	342,864
Goodwill	738,638	758,575		817,112
Due from iHeartCommunications	769,465	930,799
Intercompany notes receivable	0	0
Other assets	118,325	107,540
Total Assets	5,675,596	6,306,788
Accounts payable	71,131	100,210
Intercompany payable	0	0
Accrued expenses	485,802	507,665
Dividends payable	0	217,017
Deferred income	100,167	91,411
Current portion of long-term debt	9,662	4,310
Total Current Liabilities	666,762	920,613
Long-term debt	5,108,271	5,106,513
Intercompany notes payable	0	0
Deferred tax liability	638,037	608,910
Other long-term liabilities	257,549	240,419
Total shareholders' equity (deficit)	(995,023)	(569,667)	(297,832)	(140,941)
Total Liabilities and Shareholders' Equity (Deficit)	5,675,596	6,306,788
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	0	(19,960)
Accounts receivable, net of allowance	0	0
Intercompany receivables	(2,946,560)	(2,390,577)
Prepaid expenses	0	0
Assets held for sale	0	0
Other current assets	0	0
Total Current Assets	(2,946,560)	(2,390,577)
Structures, net	0	0
Other property, plant and equipment, net	0	0
Indefinite-lived intangibles	0	0
Other intangibles, net	0	0
Goodwill	0	0
Due from iHeartCommunications	0	0
Intercompany notes receivable	(5,274,773)	(5,289,418)
Other assets	(1,474,192)	(1,537,559)
Total Assets	(9,695,525)	(9,217,554)
Accounts payable	0	0
Intercompany payable	(2,946,560)	(2,390,577)
Accrued expenses	0	0
Dividends payable		0
Deferred income	0	0
Current portion of long-term debt	0	0
Total Current Liabilities	(2,946,560)	(2,390,577)
Long-term debt	0	0
Intercompany notes payable	(5,274,773)	(5,289,418)
Deferred tax liability	0	0
Other long-term liabilities	0	0
Total shareholders' equity (deficit)	(1,474,192)	(1,537,559)
Total Liabilities and Shareholders' Equity (Deficit)	(9,695,525)	(9,217,554)
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	185,066	218,701	905	905
Accounts receivable, net of allowance	0	0
Intercompany receivables	0	0
Prepaid expenses	2,935	1,423
Assets held for sale	0	0
Other current assets	(1,166)	0
Total Current Assets	186,835	220,124
Structures, net	0	0
Other property, plant and equipment, net	0	0
Indefinite-lived intangibles	0	0
Other intangibles, net	0	0
Goodwill	0	0
Due from iHeartCommunications	769,465	930,799
Intercompany notes receivable	182,026	182,026
Other assets	188,193	78,341
Total Assets	1,326,519	1,411,290
Accounts payable	0	0
Intercompany payable	2,466,623	1,915,287
Accrued expenses	1,521	953
Dividends payable		217,017
Deferred income	0	0
Current portion of long-term debt	0	0
Total Current Liabilities	2,468,144	2,133,257
Long-term debt	0	0
Intercompany notes payable	0	0
Deferred tax liability	772	772
Other long-term liabilities	1,493	1,587
Total shareholders' equity (deficit)	(1,143,890)	(724,326)
Total Liabilities and Shareholders' Equity (Deficit)	1,326,519	1,411,290
Subsidiary Issuer
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	0	0
Accounts receivable, net of allowance	0	0
Intercompany receivables	476,481	461,549
Prepaid expenses	3,433	3,433
Assets held for sale	0	0
Other current assets	1,168	0
Total Current Assets	481,082	464,982
Structures, net	0	0
Other property, plant and equipment, net	0	0
Indefinite-lived intangibles	0	0
Other intangibles, net	0	0
Goodwill	0	0
Due from iHeartCommunications	0	0
Intercompany notes receivable	5,092,747	5,107,392
Other assets	235,996	307,054
Total Assets	5,809,825	5,879,428
Accounts payable	0	0
Intercompany payable	0	0
Accrued expenses	0	(707)
Dividends payable		0
Deferred income	0	0
Current portion of long-term debt	0	0
Total Current Liabilities	0	(707)
Long-term debt	4,884,129	4,877,578
Intercompany notes payable	0	0
Deferred tax liability	1,367	1,367
Other long-term liabilities	0	0
Total shareholders' equity (deficit)	924,329	1,001,190
Total Liabilities and Shareholders' Equity (Deficit)	5,809,825	5,879,428
Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	55,102	18,455	17,545	0
Accounts receivable, net of allowance	182,295	210,252
Intercompany receivables	2,466,623	1,921,025
Prepaid expenses	63,768	62,039
Assets held for sale	55,184	295,075
Other current assets	34,501	1,823
Total Current Assets	2,857,473	2,508,669
Structures, net	760,291	868,586
Other property, plant and equipment, net	119,069	129,339
Indefinite-lived intangibles	951,439	962,074
Other intangibles, net	261,229	272,307
Goodwill	505,478	522,750
Due from iHeartCommunications	0	0
Intercompany notes receivable	0	0
Other assets	1,104,268	1,214,311
Total Assets	6,559,247	6,478,036
Accounts payable	7,175	12,124
Intercompany payable	479,937	475,290
Accrued expenses	82,004	108,480
Dividends payable		0
Deferred income	41,712	37,471
Current portion of long-term debt	86	65
Total Current Liabilities	610,914	633,430
Long-term debt	1,734	1,014
Intercompany notes payable	5,027,695	5,032,499
Deferred tax liability	633,610	599,541
Other long-term liabilities	128,082	133,227
Total shareholders' equity (deficit)	157,212	78,325
Total Liabilities and Shareholders' Equity (Deficit)	6,559,247	6,478,036
Non-Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	154,156	175,587	$ 154,488	$ 205,259
Accounts receivable, net of allowance	445,560	487,331
Intercompany receivables	3,456	8,003
Prepaid expenses	66,387	60,835
Assets held for sale	0	0
Other current assets	34,442	32,743
Total Current Assets	704,001	764,499
Structures, net	494,104	523,294
Other property, plant and equipment, net	119,860	106,767
Indefinite-lived intangibles	9,755	9,253
Other intangibles, net	50,590	70,557
Goodwill	233,160	235,825
Due from iHeartCommunications	0	0
Intercompany notes receivable	0	0
Other assets	64,060	45,393
Total Assets	1,675,530	1,755,588
Accounts payable	63,956	88,086
Intercompany payable	0	0
Accrued expenses	402,277	398,939
Dividends payable		0
Deferred income	58,455	53,940
Current portion of long-term debt	9,576	4,245
Total Current Liabilities	534,264	545,210
Long-term debt	222,408	227,921
Intercompany notes payable	247,078	256,919
Deferred tax liability	2,288	7,230
Other long-term liabilities	127,974	105,605
Total shareholders' equity (deficit)	541,518	612,703
Total Liabilities and Shareholders' Equity (Deficit)	$ 1,675,530	$ 1,755,588

GUARANTOR SUBSIDIARIES - Sche40

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Statement of Income Captions [Line Items]
Revenue	$ 673,057	$ 696,277	$ 1,975,924	$ 2,034,139
Operating expenses:
Direct operating expenses	366,086	372,716	1,075,841	1,108,029
Selling, general and administrative expenses	126,164	132,559	388,532	392,211
Corporate expenses	28,058	28,347	85,949	87,254
Depreciation and amortization	85,780	93,040	258,149	280,539
Impairment charges	7,274	21,631	7,274	21,631
Other operating income (expense), net	1,095	5,029	226,485	244
Operating income (loss)	60,790	53,013	386,664	144,719
Interest (income) expense, net	93,313	88,088	281,836	266,060
Interest income on Due from iHeartCommunications	12,429	15,630	36,433	45,932
Intercompany interest income	0	0	0	0
Intercompany interest expense	0	0	0	0
Equity in loss of nonconsolidated affiliates	(727)	(812)	(1,374)	(641)
Other income (expense), net	(6,524)	(17,742)	(46,198)	17,472
Income (loss) before income taxes	(27,345)	(37,999)	93,689	(58,578)
Income tax benefit (expense)	3,603	22,797	(37,597)	19,709
Consolidated net income (loss)	(23,742)	(15,202)	56,092	(38,869)
Less amount attributable to noncontrolling interest	7,329	7,379	16,162	15,820
Net income (loss) attributable to the Company	(31,071)	(22,581)	39,930	(54,689)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,214	(21,316)	43,584	(99,903)
Unrealized holding gain (loss) on marketable securities	(290)	(149)	(635)	540
Reclassification adjustments	0	0	32,823	0
Other adjustments to comprehensive income	193	0	(3,551)	(1,154)
Equity in subsidiary comprehensive income	0	0	0	0
Comprehensive income (loss)	(23,954)	(44,046)	112,151	(155,206)
Less amount attributable to noncontrolling interest	575	(7,123)	(984)	(9,884)
Comprehensive income (loss) attributable to the Company	(24,529)	(36,923)	113,135	(145,322)
Eliminations
Condensed Statement of Income Captions [Line Items]
Revenue	0	0	0	0
Operating expenses:
Direct operating expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Corporate expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	0	0	0	0
Interest (income) expense, net	0	0	0	0
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	(102,364)	(104,970)	(306,335)	(313,757)
Intercompany interest expense	(102,364)	(104,970)	(306,335)	(313,757)
Equity in loss of nonconsolidated affiliates	88,739	59,492	261,824	45,860
Other income (expense), net	0	0	0	(24,575)
Income (loss) before income taxes	88,739	59,492	261,824	21,285
Income tax benefit (expense)	0	0	0	0
Consolidated net income (loss)	88,739	59,492	261,824	21,285
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	88,739	59,492	261,824	21,285
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Unrealized holding gain (loss) on marketable securities	0	0	0	0
Reclassification adjustments			0
Other adjustments to comprehensive income	0		0	0
Equity in subsidiary comprehensive income	(25,346)	23,415	(225,338)	208,332
Comprehensive income (loss)	63,393	82,907	36,486	229,617
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	63,393	82,907	36,486	229,617
Parent Company
Condensed Statement of Income Captions [Line Items]
Revenue	0	0	0	0
Operating expenses:
Direct operating expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Corporate expenses	3,400	3,122	9,822	9,614
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Other operating income (expense), net	(108)	(121)	(312)	(341)
Operating income (loss)	(3,508)	(3,243)	(10,134)	(9,955)
Interest (income) expense, net	(236)	2	(886)	14
Interest income on Due from iHeartCommunications	12,429	15,630	36,433	45,932
Intercompany interest income	4,034	4,021	12,102	12,046
Intercompany interest expense	12,429	15,630	36,433	45,932
Equity in loss of nonconsolidated affiliates	(31,335)	(23,425)	36,647	(33,457)
Other income (expense), net	668	356	2,373	2,039
Income (loss) before income taxes	(29,905)	(22,293)	41,874	(29,341)
Income tax benefit (expense)	(1,166)	(288)	(1,944)	(773)
Consolidated net income (loss)	(31,071)	(22,581)	39,930	(30,114)
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	(31,071)	(22,581)	39,930	(30,114)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Unrealized holding gain (loss) on marketable securities	0	0	0	0
Reclassification adjustments			0
Other adjustments to comprehensive income	0		0	0
Equity in subsidiary comprehensive income	6,542	(14,342)	73,205	(90,633)
Comprehensive income (loss)	(24,529)	(36,923)	113,135	(120,747)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(24,529)	(36,923)	113,135	(120,747)
Subsidiary Issuer
Condensed Statement of Income Captions [Line Items]
Revenue	0	0	0	0
Operating expenses:
Direct operating expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Corporate expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	0	0	0	0
Interest (income) expense, net	88,972	88,084	265,091	264,245
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	85,410	85,147	256,289	255,356
Intercompany interest expense	0	0	0	0
Equity in loss of nonconsolidated affiliates	(27,115)	(16,699)	(144,270)	(970)
Other income (expense), net	0	0	0	3,440
Income (loss) before income taxes	(30,677)	(19,636)	(153,072)	(6,419)
Income tax benefit (expense)	1,168	489	3,078	(8,094)
Consolidated net income (loss)	(29,509)	(19,147)	(149,994)	(14,513)
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	(29,509)	(19,147)	(149,994)	(14,513)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	(3,440)
Unrealized holding gain (loss) on marketable securities	0	0	0	0
Reclassification adjustments			0
Other adjustments to comprehensive income	0		0	0
Equity in subsidiary comprehensive income	9,528	(3,769)	73,133	(43,130)
Comprehensive income (loss)	(19,981)	(22,916)	(76,861)	(61,083)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(19,981)	(22,916)	(76,861)	(61,083)
Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Revenue	287,526	311,096	833,840	869,722
Operating expenses:
Direct operating expenses	122,893	127,922	365,478	377,936
Selling, general and administrative expenses	46,946	51,238	146,347	147,196
Corporate expenses	13,884	13,848	44,946	43,355
Depreciation and amortization	45,525	48,402	134,763	146,090
Impairment charges	0	21,631	0	21,631
Other operating income (expense), net	3,319	996	291,168	(5,959)
Operating income (loss)	61,597	49,051	433,474	127,555
Interest (income) expense, net	(639)	232	557	1,207
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	12,920	15,802	37,944	46,355
Intercompany interest expense	89,444	89,168	268,391	267,402
Equity in loss of nonconsolidated affiliates	(30,183)	(19,030)	(153,409)	(10,136)
Other income (expense), net	(907)	(734)	(1,916)	20,515
Income (loss) before income taxes	(45,378)	(44,311)	47,145	(84,320)
Income tax benefit (expense)	14,043	20,886	(10,498)	50,863
Consolidated net income (loss)	(31,335)	(23,425)	36,647	(33,457)
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	(31,335)	(23,425)	36,647	(33,457)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(5,714)	(9,038)	(8,761)	(16,064)
Unrealized holding gain (loss) on marketable securities	0	0	0	0
Reclassification adjustments			662
Other adjustments to comprehensive income	(2)		0	0
Equity in subsidiary comprehensive income	9,276	(5,304)	79,000	(74,569)
Comprehensive income (loss)	(27,775)	(37,767)	107,548	(124,090)
Less amount attributable to noncontrolling interest	(2,982)	0	(2,304)	0
Comprehensive income (loss) attributable to the Company	(24,793)	(37,767)	109,852	(124,090)
Non-Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Revenue	385,531	385,181	1,142,084	1,164,417
Operating expenses:
Direct operating expenses	243,193	244,794	710,363	730,093
Selling, general and administrative expenses	79,218	81,321	242,185	245,015
Corporate expenses	10,774	11,377	31,181	34,285
Depreciation and amortization	40,255	44,638	123,386	134,449
Impairment charges	7,274	0	7,274	0
Other operating income (expense), net	(2,116)	4,154	(64,371)	6,544
Operating income (loss)	2,701	7,205	(36,676)	27,119
Interest (income) expense, net	5,216	(230)	17,074	594
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	0	0	0	0
Intercompany interest expense	491	172	1,511	423
Equity in loss of nonconsolidated affiliates	(833)	(1,150)	(2,166)	(1,938)
Other income (expense), net	(6,285)	(17,364)	(46,655)	16,053
Income (loss) before income taxes	(10,124)	(11,251)	(104,082)	40,217
Income tax benefit (expense)	(10,442)	1,710	(28,233)	(22,287)
Consolidated net income (loss)	(20,566)	(9,541)	(132,315)	17,930
Less amount attributable to noncontrolling interest	7,329	7,379	16,162	15,820
Net income (loss) attributable to the Company	(27,895)	(16,920)	(148,477)	2,110
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	12,928	(12,278)	52,345	(80,399)
Unrealized holding gain (loss) on marketable securities	(290)	(149)	(635)	540
Reclassification adjustments			32,161
Other adjustments to comprehensive income	195		(3,551)	(1,154)
Equity in subsidiary comprehensive income	0	0	0	0
Comprehensive income (loss)	(15,062)	(29,347)	(68,157)	(78,903)
Less amount attributable to noncontrolling interest	3,557	(7,123)	1,320	(9,884)
Comprehensive income (loss) attributable to the Company	$ (18,619)	$ (22,224)	$ (69,477)	$ (69,019)

GUARANTOR SUBSIDIARIES - Sche41

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Consolidated net income (loss)	$ (23,742)	$ (15,202)	$ 56,092	$ (38,869)
Reconciling items:
Depreciation and amortization	85,780	93,040	258,149	280,539
Impairment charges	7,274	21,631	7,274	21,631
Deferred taxes	(13,863)	(13,235)	28,593	(6,924)
Provision for doubtful accounts			8,444	8,686
Amortization of deferred financing charges and note discounts, net			7,907	6,520
Share-based compensation	2,697	2,316	8,140	6,045
(Gain) loss on disposal of operating assets, net			(232,026)	(7,378)
Equity in (earnings) loss of nonconsolidated affiliates	727	812	1,374	641
Other reconciling items, net			45,315	(18,064)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			49,690	(37,314)
Increase in prepaids and other current assets			(39,653)	(25,917)
Increase (decrease) in accrued expenses			(22,053)	(69,694)
Increase (decrease) in accounts payable			(26,548)	2,942
Increase (decrease) in accrued interest			5,057	(1,108)
Increase in deferred income			8,509	20,528
Changes in other operating assets and liabilities			25,893	(16,018)
Net cash provided by (used for) operating activities			190,157	126,246
Cash flows from investing activities:
Purchases of property, plant and equipment	(50,950)	(48,585)	(148,005)	(138,618)
Proceeds from disposal of assets			591,764	8,479
Purchases of other operating assets			(1,689)	(1,614)
(Increase) decrease in intercompany notes receivable, net			0	0
Dividends from subsidiaries			0
Change in other, net			(30,349)	(2,272)
Net cash provided by (used for) investing activities			411,721	(134,025)
Cash flows from financing activities:
Payments on credit facilities			(1,728)	(3,304)
Payments on long-term debt			(1,976)	(41)
Net transfers from iHeartCommunications			161,335	34,148
Dividends and other payments from (to) noncontrolling interests			(21,046)	(28,088)
Dividends paid			(755,149)	0
Payments to repurchase noncontrolling interests			0	(234)
Increase (decrease) in intercompany notes payable, net			0	0
Intercompany funding			0	0
Change in other, net			(679)	2,912
Net cash provided by (used for) financing activities			(619,243)	5,393
Effect of exchange rate changes on cash			(1,054)	(10,880)
Net increase (decrease) in cash and cash equivalents			(18,419)	(13,266)
Cash and cash equivalents at beginning of period			412,743	186,204
Cash and cash equivalents at end of period	394,324	172,938	394,324	172,938
Eliminations
Cash flows from operating activities:
Consolidated net income (loss)	88,739	59,492	261,824	21,285
Reconciling items:
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Deferred taxes			0	0
Provision for doubtful accounts			0	0
Amortization of deferred financing charges and note discounts, net			0	0
Share-based compensation			0	0
(Gain) loss on disposal of operating assets, net			0	0
Equity in (earnings) loss of nonconsolidated affiliates	(88,739)	(59,492)	(261,824)	(45,860)
Other reconciling items, net			0	0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			0	0
Increase in prepaids and other current assets			0
Increase (decrease) in accrued expenses			0	0
Increase (decrease) in accounts payable			0	19,960
Increase (decrease) in accrued interest			0	0
Increase in deferred income			0	0
Changes in other operating assets and liabilities			0	0
Net cash provided by (used for) operating activities			0	(4,615)
Cash flows from investing activities:
Purchases of property, plant and equipment			0	0
Proceeds from disposal of assets			0	0
Purchases of other operating assets			0	0
(Increase) decrease in intercompany notes receivable, net			(14,646)	9,829
Dividends from subsidiaries			(235,467)
Change in other, net			79	907
Net cash provided by (used for) investing activities			(250,034)	10,736
Cash flows from financing activities:
Payments on credit facilities			0	0
Payments on long-term debt			0	0
Net transfers from iHeartCommunications			0	0
Dividends and other payments from (to) noncontrolling interests			0	0
Dividends paid			235,467	24,575
Payments to repurchase noncontrolling interests				0
Increase (decrease) in intercompany notes payable, net			14,646	(9,829)
Intercompany funding			0	0
Change in other, net			(79)	(907)
Net cash provided by (used for) financing activities			250,034	13,839
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash and cash equivalents			0	19,960
Cash and cash equivalents at beginning of period			0	(19,960)
Cash and cash equivalents at end of period	0	0	0	0
Parent Company
Cash flows from operating activities:
Consolidated net income (loss)	(31,071)	(22,581)	39,930	(30,114)
Reconciling items:
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Deferred taxes			0	0
Provision for doubtful accounts			0	0
Amortization of deferred financing charges and note discounts, net			0	0
Share-based compensation			0	0
(Gain) loss on disposal of operating assets, net			0	0
Equity in (earnings) loss of nonconsolidated affiliates	31,335	23,425	(36,647)	33,457
Other reconciling items, net			0	0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			0	0
Increase in prepaids and other current assets			(1,511)	(1,742)
Increase (decrease) in accrued expenses			213	306
Increase (decrease) in accounts payable			0	0
Increase (decrease) in accrued interest			0	0
Increase in deferred income			0	0
Changes in other operating assets and liabilities			0	0
Net cash provided by (used for) operating activities			1,985	1,907
Cash flows from investing activities:
Purchases of property, plant and equipment			0	0
Proceeds from disposal of assets			0	0
Purchases of other operating assets			0	0
(Increase) decrease in intercompany notes receivable, net			0	0
Dividends from subsidiaries			0
Change in other, net			0	0
Net cash provided by (used for) investing activities			0	0
Cash flows from financing activities:
Payments on credit facilities			0	0
Payments on long-term debt			0	0
Net transfers from iHeartCommunications			161,335	34,148
Dividends and other payments from (to) noncontrolling interests			0	0
Dividends paid			(755,148)	0
Payments to repurchase noncontrolling interests				0
Increase (decrease) in intercompany notes payable, net			0	0
Intercompany funding			559,473	(38,967)
Change in other, net			(1,280)	2,912
Net cash provided by (used for) financing activities			(35,620)	(1,907)
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash and cash equivalents			(33,635)	0
Cash and cash equivalents at beginning of period			218,701	905
Cash and cash equivalents at end of period	185,066	905	185,066	905
Subsidiary Issuer
Cash flows from operating activities:
Consolidated net income (loss)	(29,509)	(19,147)	(149,994)	(14,513)
Reconciling items:
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Deferred taxes			0	1,282
Provision for doubtful accounts			0	0
Amortization of deferred financing charges and note discounts, net			6,551	5,597
Share-based compensation			0	0
(Gain) loss on disposal of operating assets, net			0	0
Equity in (earnings) loss of nonconsolidated affiliates	27,115	16,699	144,270	970
Other reconciling items, net			0	(3,440)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			0	0
Increase in prepaids and other current assets			0	0
Increase (decrease) in accrued expenses			(461)	6,536
Increase (decrease) in accounts payable			0	0
Increase (decrease) in accrued interest			0	0
Increase in deferred income			0	0
Changes in other operating assets and liabilities			0	0
Net cash provided by (used for) operating activities			366	(3,568)
Cash flows from investing activities:
Purchases of property, plant and equipment			0	0
Proceeds from disposal of assets			0	0
Purchases of other operating assets			0	0
(Increase) decrease in intercompany notes receivable, net			14,646	4,273
Dividends from subsidiaries			0
Change in other, net			(79)	0
Net cash provided by (used for) investing activities			14,567	4,273
Cash flows from financing activities:
Payments on credit facilities			0	0
Payments on long-term debt			0	0
Net transfers from iHeartCommunications			0	0
Dividends and other payments from (to) noncontrolling interests			0	0
Dividends paid			0	0
Payments to repurchase noncontrolling interests				0
Increase (decrease) in intercompany notes payable, net			0	0
Intercompany funding			(14,933)	(705)
Change in other, net			0	0
Net cash provided by (used for) financing activities			(14,933)	(705)
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash and cash equivalents			0	0
Cash and cash equivalents at beginning of period			0	0
Cash and cash equivalents at end of period	0	0	0	0
Guarantor Subsidiaries
Cash flows from operating activities:
Consolidated net income (loss)	(31,335)	(23,425)	36,647	(33,457)
Reconciling items:
Depreciation and amortization	45,525	48,402	134,763	146,090
Impairment charges	0	21,631	0	21,631
Deferred taxes			34,069	(2,311)
Provision for doubtful accounts			5,239	4,823
Amortization of deferred financing charges and note discounts, net			0	923
Share-based compensation			4,363	4,141
(Gain) loss on disposal of operating assets, net			(292,766)	(834)
Equity in (earnings) loss of nonconsolidated affiliates	30,183	19,030	153,409	10,136
Other reconciling items, net			(190)	(13)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			25,166	(16,021)
Increase in prepaids and other current assets			(25,076)	(1,093)
Increase (decrease) in accrued expenses			(31,497)	(64,855)
Increase (decrease) in accounts payable			(4,958)	(21,346)
Increase (decrease) in accrued interest			(612)	(2)
Increase in deferred income			3,993	5,624
Changes in other operating assets and liabilities			9,735	(22,091)
Net cash provided by (used for) operating activities			52,285	31,345
Cash flows from investing activities:
Purchases of property, plant and equipment			(44,547)	(43,856)
Proceeds from disposal of assets			355,138	2,504
Purchases of other operating assets			(1,444)	(526)
(Increase) decrease in intercompany notes receivable, net			0	(3,510)
Dividends from subsidiaries			235,467
Change in other, net			(2)	(910)
Net cash provided by (used for) investing activities			544,612	(46,298)
Cash flows from financing activities:
Payments on credit facilities			0	0
Payments on long-term debt			(57)	(41)
Net transfers from iHeartCommunications			0	0
Dividends and other payments from (to) noncontrolling interests			2,967	0
Dividends paid			(914)	0
Payments to repurchase noncontrolling interests				0
Increase (decrease) in intercompany notes payable, net			(3,613)	0
Intercompany funding			(559,433)	32,539
Change in other, net			800	0
Net cash provided by (used for) financing activities			(560,250)	32,498
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash and cash equivalents			36,647	17,545
Cash and cash equivalents at beginning of period			18,455	0
Cash and cash equivalents at end of period	55,102	17,545	55,102	17,545
Non-Guarantor Subsidiaries
Cash flows from operating activities:
Consolidated net income (loss)	(20,566)	(9,541)	(132,315)	17,930
Reconciling items:
Depreciation and amortization	40,255	44,638	123,386	134,449
Impairment charges	7,274	0	7,274	0
Deferred taxes			(5,476)	(5,895)
Provision for doubtful accounts			3,205	3,863
Amortization of deferred financing charges and note discounts, net			1,356	0
Share-based compensation			3,777	1,904
(Gain) loss on disposal of operating assets, net			60,740	(6,544)
Equity in (earnings) loss of nonconsolidated affiliates	833	1,150	2,166	1,938
Other reconciling items, net			45,505	(14,611)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			24,524	(21,293)
Increase in prepaids and other current assets			(13,066)	(23,082)
Increase (decrease) in accrued expenses			9,692	(11,681)
Increase (decrease) in accounts payable			(21,590)	4,328
Increase (decrease) in accrued interest			5,669	(1,106)
Increase in deferred income			4,516	14,904
Changes in other operating assets and liabilities			16,158	6,073
Net cash provided by (used for) operating activities			135,521	101,177
Cash flows from investing activities:
Purchases of property, plant and equipment			(103,458)	(94,762)
Proceeds from disposal of assets			236,626	5,975
Purchases of other operating assets			(245)	(1,088)
(Increase) decrease in intercompany notes receivable, net			0	(10,592)
Dividends from subsidiaries			0
Change in other, net			(30,347)	(2,269)
Net cash provided by (used for) investing activities			102,576	(102,736)
Cash flows from financing activities:
Payments on credit facilities			(1,728)	(3,304)
Payments on long-term debt			(1,919)	0
Net transfers from iHeartCommunications			0	0
Dividends and other payments from (to) noncontrolling interests			(24,013)	(28,088)
Dividends paid			(234,554)	(24,575)
Payments to repurchase noncontrolling interests				(234)
Increase (decrease) in intercompany notes payable, net			(11,033)	9,829
Intercompany funding			14,893	7,133
Change in other, net			(120)	907
Net cash provided by (used for) financing activities			(258,474)	(38,332)
Effect of exchange rate changes on cash			(1,054)	(10,880)
Net increase (decrease) in cash and cash equivalents			(21,431)	(50,771)
Cash and cash equivalents at beginning of period			175,587	205,259
Cash and cash equivalents at end of period	$ 154,156	$ 154,488	$ 154,156	$ 154,488