Clear Channel Outdoor (CCO) 10-Q 8 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
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
Class A Common Stock
Entity Common Stock, Shares Outstanding		48,984,920
Class B Common Stock
Entity Common Stock, Shares Outstanding		315,000,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 222,387	$ 541,995
Accounts receivable, net of allowance of $25,038 in 2017 and $22,398 in 2016	632,963	593,070
Prepaid expenses	131,806	111,569
Assets held for sale	0	55,602
Other current assets	62,037	39,199
Total Current Assets	1,049,193	1,341,435
PROPERTY, PLANT AND EQUIPMENT
Structures, net	1,152,066	1,196,676
Other property, plant and equipment, net	228,376	216,157
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles	977,152	960,966
Other intangibles, net	282,426	299,617
Goodwill	713,277	696,263
OTHER ASSETS
Due from iHeartCommunications	1,051,349	885,701
Other assets	126,649	122,013
Total Assets	5,580,488	5,718,828
CURRENT LIABILITIES
Accounts payable	88,022	86,870
Accrued expenses	532,247	480,872
Deferred income	90,756	67,005
Current portion of long-term debt	573	6,971
Total Current Liabilities	711,598	641,718
Long-term debt	5,264,290	5,110,020
Deferred tax liability	601,887	638,705
Other long-term liabilities	286,883	259,311
Commitments and Contingent liabilities (Note 4)
STOCKHOLDERS’ DEFICIT
Noncontrolling interest	152,338	149,886
Preferred stock, $.01 par value, 150,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	3,131,164	3,432,121
Accumulated deficit	(4,221,215)	(4,125,798)
Accumulated other comprehensive loss	(344,361)	(386,658)
Cost of shares (935,812 in 2017 and 633,851 in 2016) held in treasury	(5,745)	(4,106)
Total Stockholders’ Deficit	(1,284,170)	(930,926)
Total Liabilities and Stockholders' Equity (Deficit)	5,580,488	5,718,828
Class A common stock
STOCKHOLDERS’ DEFICIT
Common stock issued	499	479
Class B common stock
STOCKHOLDERS’ DEFICIT
Common stock issued	$ 3,150	$ 3,150

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances for receivables	$ 25,038	$ 22,398
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)	935,812	633,851
Class A common stock
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)	49,921,834	47,947,123
Class B common stock
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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 645,089	$ 669,221	$ 1,862,134	$ 1,966,321
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	356,100	362,250	1,034,204	1,066,238
Selling, general and administrative expenses (excludes depreciation and amortization)	128,397	126,164	370,069	388,532
Corporate expenses (excludes depreciation and amortization)	35,333	28,103	105,213	86,000
Depreciation and amortization	81,096	85,780	236,880	258,149
Impairment charges	1,591	7,274	1,591	7,274
Other operating income (expense), net	(11,783)	1,095	28,657	226,485
Operating income (loss)	30,789	60,745	142,834	386,613
Interest expense	95,467	93,313	282,730	281,836
Interest income on Due from iHeartCommunications	17,087	12,429	47,277	36,433
Equity in loss of nonconsolidated affiliates	(628)	(727)	(829)	(1,374)
Other income (expense), net	9,164	(6,524)	21,804	(46,198)
Income (loss) before income taxes	(39,055)	(27,390)	(71,644)	93,638
Income tax benefit (expense)	(16,347)	3,619	(12,900)	(37,579)
Consolidated net income (loss)	(55,402)	(23,771)	(84,544)	56,059
Less amount attributable to noncontrolling interest	6,237	7,329	10,873	16,162
Net income (loss) attributable to the Company	(61,639)	(31,100)	(95,417)	39,897
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	12,950	7,214	43,947	43,584
Unrealized holding loss on marketable securities	(320)	(290)	(218)	(635)
Reclassification adjustments	6,207	0	4,563	32,823
Other adjustments to comprehensive income (loss)	0	193	0	(3,551)
Other comprehensive income	18,837	7,117	48,292	72,221
Comprehensive income (loss)	(42,802)	(23,983)	(47,125)	112,118
Less amount attributable to noncontrolling interest	2,666	575	5,995	(984)
Comprehensive income (loss) attributable to the Company	$ (45,468)	$ (24,558)	$ (53,120)	$ 113,102
Net income (loss) attributable to the Company per common share:
Basic (in dollars per share)	$ (0.17)	$ (0.09)	$ (0.26)	$ 0.11
Weighted average common shares outstanding – Basic	361,302	360,454	361,064	360,202
Diluted (in dollars per share)	$ (0.17)	$ (0.09)	$ (0.26)	$ 0.11
Weighted average common shares outstanding – Diluted	361,302	360,454	361,064	361,417
Dividends declared per share (in dollars per share)	$ 0.07	$ 0	$ 0.85	$ 1.49

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Consolidated net income (loss)	$ (84,544)	$ 56,059
Reconciling items:
Impairment charges	1,591	7,274
Depreciation and amortization	236,880	258,149
Deferred taxes	(28,101)	28,575
Provision for doubtful accounts	6,328	8,444
Amortization of deferred financing charges and note discounts, net	7,996	7,907
Share-based compensation	7,153	8,191
Gain on disposal of operating and other assets	(30,295)	(232,026)
Equity in loss of nonconsolidated affiliates	829	1,374
Foreign exchange transaction (gain) loss	(22,266)	46,283
Other reconciling items, net	(4,930)	(968)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	(17,826)	49,690
Increase in prepaid expenses and other current assets	(16,177)	(39,653)
Decrease in accrued expenses	(8,810)	(22,053)
Decrease in accounts payable	(4,023)	(26,548)
Increase in accrued interest	6,031	5,057
Increase in deferred income	18,718	8,509
Changes in other operating assets and liabilities	3,515	25,893
Net cash provided by (used for) operating activities	72,069	190,157
Cash flows from investing activities:
Purchases of property, plant and equipment	(134,868)	(148,005)
Proceeds from disposal of assets	71,034	591,764
Purchases of other operating assets	(2,984)	(1,689)
Change in other, net	(20,289)	(30,349)
Net cash provided by (used for) investing activities	(87,107)	411,721
Cash flows from financing activities:
Payments on credit facilities	(909)	(1,728)
Proceeds from long-term debt	156,000	800
Payments on long-term debt	(604)	(1,976)
Net transfers from (to) iHeartCommunications	(165,650)	161,335
Dividends and other payments to noncontrolling interests	(12,027)	(21,046)
Dividends paid	(282,658)	(755,149)
Change in other, net	(6,234)	(1,479)
Net cash provided by (used for) financing activities	(312,082)	(619,243)
Effect of exchange rate changes on cash	7,512	(1,054)
Net decrease in cash and cash equivalents	(319,608)	(18,419)
Cash and cash equivalents at beginning of period	541,995	412,743
Cash and cash equivalents at end of period	222,387	394,324
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	270,126	271,833
Cash paid for income taxes	$ 29,771	$ 34,800

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2017
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 2016 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 2017 presentation. New Accounting Pronouncements 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 two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company expects to utilize the full retrospective method. The Company has substantially completed its evaluation of the potential changes from adopting the new standard on its future financial reporting and disclosures, which included reviews of contractual terms for all of the Company’s significant revenue streams and the development of an implementation plan. The Company continues to execute on its implementation plan, including detailed policy drafting and training of segment personnel. Based on its evaluation, the Company does not expect material changes to its 2016 or 2017 consolidated revenues, operating income or balance sheets as a result of the implementation of this standard. 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 first quarter of 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) . This update eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The standard is effective for annual and any interim impairment tests performed for 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 second quarter of 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718) . This update mandates that entities will apply the modification accounting guidance if the value, vesting conditions or classification of the award changes. Entities will have to make all of the disclosures about modifications that are required today, in addition to disclosing that compensation expense hasn't changed. Additionally, the new guidance also clarifies that a modification to an award could be significant and therefore require disclosure, even if the modification accounting is not required. The guidance will be applied prospectively to awards modified on or after the adoption date and is effective for annual periods, and 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, 2017
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Dispositions In January 2017, Americas sold its Indianapolis, Indiana market to Fairway Media Group, LLC in exchange for certain assets in Atlanta, Georgia with a fair value of $39.4 million , plus $43.1 million in cash, net of closing costs. The assets acquired as part of the transaction consisted of $9.9 million in fixed assets and $29.5 million in intangible assets (including $2.3 million in goodwill). The Company recognized a net gain of $28.9 million related to the sale, which is included within Other operating income (expense), net. During the third quarter of 2017, Americas sold its ownership interest in a joint venture in Canada. As a result, the Company recognized a net loss on sale of $12.1 million , including a $6.3 million cumulative translation adjustment, which is included within Other operating income (expense), net. Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2017 and December 31, 2016 , respectively: (In thousands) September 30, December 31, Land, buildings and improvements $ 145,531 $ 152,775 Structures 2,807,023 2,684,673 Furniture and other equipment 175,627 148,516 Construction in progress 70,514 58,585 3,198,695 3,044,549 Less: accumulated depreciation 1,818,253 1,631,716 Property, plant and equipment, net $ 1,380,442 $ 1,412,833 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 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, 2017 and 2016 , respectively. 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, 2017 and December 31, 2016 , respectively: (In thousands) September 30, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor contractual rights $ 587,099 $ (469,982 ) $ 563,863 $ (426,752 ) Permanent easements 162,919 — 159,782 — Other 4,667 (2,277 ) 4,536 (1,812 ) Total $ 754,685 $ (472,259 ) $ 728,181 $ (428,564 ) Total amortization expense related to definite-lived intangible assets for the three months ended September 30, 2017 and 2016 was $7.1 million and $9.3 million , respectively. Total amortization expense related to definite-lived intangible assets for the nine months ended September 30, 2017 and 2016 was $21.2 million and $29.2 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) 2018 $ 19,389 2019 $ 15,639 2020 $ 13,356 2021 $ 13,074 2022 $ 11,603 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 $1.6 million during the three and nine months ended September 30, 2017 related to one market in the Company's International outdoor segment. 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. 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, 2015 $ 534,683 $ 223,892 $ 758,575 Impairment — (7,274 ) (7,274 ) Dispositions (6,934 ) (30,718 ) (37,652 ) Foreign currency (1,998 ) (5,051 ) (7,049 ) Assets held for sale (10,337 ) — (10,337 ) Balance as of December 31, 2016 $ 515,414 $ 180,849 $ 696,263 Impairment — (1,591 ) (1,591 ) Acquisitions 2,252 — 2,252 Dispositions — (1,817 ) (1,817 ) Foreign currency 654 17,427 18,081 Assets held for sale 89 — 89 Balance as of September 30, 2017 $ 518,409 $ 194,868 $ 713,277

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of September 30, 2017 and December 31, 2016 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 375,000 225,000 Other debt 2,529 14,798 Original issue discount (123 ) (6,738 ) Long-term debt fees (37,543 ) (41,069 ) Total debt $ 5,264,863 $ 5,116,991 Less: current portion 573 6,971 Total long-term debt $ 5,264,290 $ 5,110,020 (1) The Senior revolving credit facility provides for borrowings up to $75.0 million (the revolving credit commitment). As of September 30, 2017 , we had $72.7 million of letters of credit outstanding, and $2.3 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 $5.4 billion and $5.2 billion as of September 30, 2017 and December 31, 2016 , 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. On August 14, 2017, Clear Channel International B.V. (“CCIBV”), an indirect subsidiary of the Company, issued $150.0 million in aggregate principal amount of 8.75% Senior Notes due 2020 (the “New CCIBV Notes”). The New CCIBV Notes were issued as additional notes under the indenture governing CCIBV’s existing 8.75% Senior Notes due 2020 and were issued at a premium, resulting in $156.0 million in proceeds. The New CCIBV Notes mature on December 15, 2020 and bear interest at a rate of 8.75% per annum, payable semi-annually in arrears on June 15 and December 15 of each year. Surety Bonds, Letters of Credit and Guarantees As of September 30, 2017 , the Company had $95.4 million and $36.6 million in letters of credit and bank guarantees outstanding, respectively. Bank guarantees and letters of credit of $17.3 million and $23.5 million , respectively, were backed by cash collateral. Additionally, as of September 30, 2017 , iHeartCommunications had outstanding commercial standby letters of credit and surety bonds of $12.1 million and $54.3 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, 2017
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 GAMCO 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”) allegedly 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 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. On November 23, 2016, the Court granted defendants’ motion to dismiss all claims brought by the plaintiff. On December 19, 2016, the plaintiff filed a notice of appeal of the ruling. The oral hearing on the appeal was held on October 11, 2017. On October 12, 2017, the Supreme Court of Delaware affirmed the lower court's ruling, dismissing the case.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2017
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, 2017 and December 31, 2016 , the asset recorded in “Due from iHeartCommunications” on the consolidated balance sheet was $1,051.3 million and $885.7 million , respectively. The terms of the "Due from iHeartCommuniations" Note provide that any balance over $1.0 billion accrues at an interest rate equal to the average yield of the nearest dated reference security, capped at 20% . As of September 30, 2017 , the balance outstanding on the "Due from iHeartCommunications" exceeded $1.0 billion and therefore the interest rate applied to $1.0 billion of the balance outstanding was 6.5% , which is equal to the fixed interest rate on the CCWH Senior Notes. The interest rate applied to the remaining balance was 20.0% . The net interest income for the three months ended September 30, 2017 and 2016 was $17.1 million and $12.4 million , respectively, and $47.3 million and $36.4 million for the nine months ended September 30, 2017 and 2016 , respectively. On October 5, 2017, the Company made a demand for repayment of $25.0 million outstanding under the "Due from iHeartCommunications" Note and simultaneously paid a special cash dividend of $25.0 million . On October 31, 2017, the Company made a demand for repayment of $25.0 million outstanding under the "Due from iHeartCommunications" Note and simultaneously paid a special cash dividend of $25.0 million . In its Quarterly Report on Form 10-Q filed with the SEC on November 8, 2017 , iHeartCommunications stated that its forecast of future cash flows indicates that such cash flows would not be sufficient for it to meet its obligations, as they become due in the ordinary course of business for a period of 12 months following November 8, 2017 , including interest payments on its outstanding debt and payment of the $365.0 million outstanding under the receivables based credit facility at maturity on December 24, 2017, payment of the $51.5 million principal amount of 10% Senior Notes due January 15, 2018 (after giving effect to certain debt exchanges that occurred after September 30, 2017 ), the payment of the $175.0 million principal amount of 6.875% Senior Notes due June 15, 2018 and the payment of $24.8 million of contractual AHYDO catch-up payments to be made on the Company’s 14% Senior Notes due 2021 beginning with the interest payment due on August 1, 2018. iHeartCommunications further stated that management has determined that there is substantial doubt as to iHeartCommunications’ ability to continue as a going concern for a period of 12 months following November 8, 2017 . If iHeartCommunications were to become insolvent or file for bankruptcy, the Company would be an unsecured creditor of iHeartCommunications. In such event, the Company would be treated the same as other unsecured creditors of iHeartCommunications and, if the Company were not entitled to amounts outstanding under the "Due from iHeartCommunications Note", or could not obtain such cash on a timely basis or return cash previously received from iHeartCommunications, the Company could experience a liquidity shortfall. The Company provides advertising space on its billboards for iHeartMedia, Inc. and for radio stations owned by iHeartMedia, Inc. For the three months ended September 30, 2017 and 2016 , the Company recorded $1.7 million and $1.2 million , respectively, and $5.4 million and $2.0 million for the nine months ended September 30, 2017 and 2016 , 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, 2017 and 2016 , the Company recorded $16.7 million and $7.6 million , respectively, and $50.3 million and $26.0 million for the nine months ended September 30, 2017 and 2016 , respectively, as a component of corporate expenses for these services. Financial distress at iHeartCommunications could impact its ability to provide these services to us, and if iHeartCommunications was to become insolvent or file a bankruptcy petition, such event could cause significant uncertainties and disrupt our operations and/or adversely affect our rights under the Corporate Services Agreement and the other intercompany agreements. In February 2017, the Company and its indirect parent company, iHeartMedia, Inc., entered into an agreement related to the potential purchase of the Clear Channel registered trademarks and domain names. The agreements provide that CCOH will pay a license fee to iHeartMedia, Inc. in 2017 based on revenues of entities using the Clear Channel name, pursuant to the Amended and Restated License Agreement, dated November 10, 2005, by and between iHM Identity, Inc. and Outdoor Management Services, Inc. Included within the management services expense recognized in the three and nine months ended September 30, 2017 is an additional expense related to this license of $9.2 million and $26.4 million , respectively. 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 the 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, 2017 and 2016 , the Company recorded $2.3 million and $2.3 million , respectively, and $7.1 million and $7.0 million for the nine months ended September 30, 2017 and 2016 , respectively, as a component of selling, general and administrative expenses for these services.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2017
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, 2017 and 2016 , respectively, consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Current tax benefit (expense) $ (21,094 ) $ (10,260 ) $ (41,001 ) $ (9,004 ) Deferred tax benefit (expense) 4,747 13,879 28,101 (28,575 ) Income tax benefit (expense) $ (16,347 ) $ 3,619 $ (12,900 ) $ (37,579 ) The effective tax rates for the three and nine months ended September 30, 2017 were (41.9)% and (18.0)% . The effective rates were primarily impacted by the mix of earnings within the various jurisdictions in which the Company operates and the benefits and charges from tax amounts associated with its foreign earnings that are taxed at rates different from the federal statutory rate. In addition, we were unable to record benefits on losses in certain foreign jurisdictions due to the uncertainty of the ability to utilize those losses in future periods. The effective tax rates for the three and nine months ended September 30, 2016 were 13.2% and 40.1% . The effective rates were 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. Additionally, we were unable to benefit from losses in certain foreign jurisdictions due to the uncertainty of the ability to utilize those losses in future periods.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	STOCKHOLDERS’ 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 stockholders’ 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, 2017 $ (1,080,812 ) $ 149,886 $ (930,926 ) Net income (loss) (95,417 ) 10,873 (84,544 ) Dividends declared (307,492 ) — (307,492 ) Payments to noncontrolling interests — (12,027 ) (12,027 ) Share-based compensation 6,529 624 7,153 Disposal of noncontrolling interest — (2,438 ) (2,438 ) Foreign currency translation adjustments 37,952 5,995 43,947 Unrealized holding loss on marketable securities (218 ) — (218 ) Reclassification adjustments 4,563 — 4,563 Other, net (1,613 ) (575 ) (2,188 ) Balances as of September 30, 2017 $ (1,436,508 ) $ 152,338 $ (1,284,170 ) Balances as of January 1, 2016 $ (755,599 ) $ 187,775 $ (567,824 ) Net income 39,897 16,162 56,059 Dividends declared (540,034 ) — (540,034 ) Dividends and other payments to noncontrolling interests — (21,046 ) (21,046 ) Share-based compensation 8,191 — 8,191 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 $ (1,176,368 ) $ 183,206 $ (993,162 ) The Company has granted restricted stock, restricted stock units and options to purchase shares of its Class A common stock to certain key individuals. On February 23, 2017, the Company paid a special cash dividend to our stockholders of $282.5 million , using proceeds from the sales of certain non-strategic U.S. markets and of our business in Australia. iHeartCommunications received 89.9% , or approximately $254.0 million , with the remaining 10.1% , or approximately $28.5 million , paid to our public stockholders. The payment of these special dividends reduces the amount of cash available to us for future working capital, capital expenditure, debt service and other funding requirements. On September 14, 2017, the board of directors of the Company declared a special cash dividend paid on October 5, 2017 to Class A and Class B stockholders of record at the closing of business on October 2, 2017, in an aggregate amount equal to $25.0 million . COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended 2017 2016 2017 2016 NUMERATOR: Net income (loss) attributable to the Company – common shares $ (61,639 ) $ (31,100 ) $ (95,417 ) $ 39,897 DENOMINATOR: Weighted average common shares outstanding - basic 361,302 360,454 361,064 360,202 Stock options and restricted stock (1) — — — 1,215 Weighted average common shares outstanding - diluted 361,302 360,454 361,064 361,417 Net income (loss) attributable to the Company per common share: Basic $ (0.17 ) $ (0.09 ) $ (0.26 ) $ 0.11 Diluted $ (0.17 ) $ (0.09 ) $ (0.26 ) $ 0.11 (1) Outstanding equity awards of 8.3 million and 8.1 million for the three months ended September 30, 2017 and 2016 , respectively, 8.3 million and 5.4 million for the nine months ended September 30, 2017 and 2016 , 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, 2017
Other Income and Expenses [Abstract]
OTHER INFORMATION	OTHER INFORMATION Other Comprehensive Income (Loss) There was no change in deferred income tax liabilities resulting from adjustments to comprehensive loss for the three and nine months ended September 30, 2017 . The total increase (decrease) in deferred income tax liabilities of other adjustments to comprehensive loss for the three and nine months ended September 30, 2016 was $0.1 million and $(0.7) million .

SEGMENT DATA

SEGMENT DATA	9 Months Ended
	Sep. 30, 2017
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 and Asia. 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, 2017 and 2016 : (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended September 30, 2017 Revenue $ 316,587 $ 328,502 $ — $ 645,089 Direct operating expenses 141,609 214,491 — 356,100 Selling, general and administrative expenses 54,689 73,708 — 128,397 Corporate expenses — — 35,333 35,333 Depreciation and amortization 47,035 32,886 1,175 81,096 Impairment charges — — 1,591 1,591 Other operating expense, net — — (11,783 ) (11,783 ) Operating income (loss) $ 73,254 $ 7,417 $ (49,882 ) $ 30,789 Capital expenditures $ 5,118 $ 26,211 $ 460 $ 31,789 Share-based compensation expense $ — $ — $ 2,894 $ 2,894 Three Months Ended September 30, 2016 Revenue $ 322,997 $ 346,224 $ — $ 669,221 Direct operating expenses 142,989 219,261 — 362,250 Selling, general and administrative expenses 54,500 71,664 — 126,164 Corporate expenses — — 28,103 28,103 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 $ (35,802 ) $ 60,745 Capital expenditures $ 19,114 $ 30,803 $ 1,033 $ 50,950 Share-based compensation expense $ — $ — $ 2,742 $ 2,742 (In thousands) Americas International Corporate and other reconciling items Consolidated Nine Months Ended September 30, 2017 Revenue $ 919,967 $ 942,167 $ — $ 1,862,134 Direct operating expenses 427,181 607,023 — 1,034,204 Selling, general and administrative expenses 165,538 204,531 — 370,069 Corporate expenses — — 105,213 105,213 Depreciation and amortization 137,689 95,149 4,042 236,880 Impairment Charges — — 1,591 1,591 Other operating income, net — — 28,657 28,657 Operating income (loss) $ 189,559 $ 35,464 $ (82,189 ) $ 142,834 Capital expenditures $ 48,749 $ 83,851 $ 2,268 $ 134,868 Share-based compensation expense $ — $ — $ 7,153 $ 7,153 Nine Months Ended September 30, 2016 Revenue $ 931,058 $ 1,035,263 $ — $ 1,966,321 Direct operating expenses 421,039 645,199 — 1,066,238 Selling, general and administrative expenses 167,660 220,872 — 388,532 Corporate expenses — — 86,000 86,000 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 $ 129,020 $ 386,613 Capital expenditures $ 47,808 $ 97,487 $ 2,710 $ 148,005 Share-based compensation expense $ — $ — $ 8,191 $ 8,191

GUARANTOR SUBSIDIARIES

GUARANTOR SUBSIDIARIES	9 Months Ended
	Sep. 30, 2017
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, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 2,359 $ — $ 13,830 $ 206,198 $ — $ 222,387 Accounts receivable, net of allowance — — 189,217 443,746 — 632,963 Intercompany receivables — 726,495 2,862,295 93,497 (3,682,287 ) — Prepaid expenses 318 3,433 61,312 66,743 — 131,806 Other current assets 23,464 — 3,705 34,868 — 62,037 Total Current Assets 26,141 729,928 3,130,359 845,052 (3,682,287 ) 1,049,193 Structures, net — — 690,930 461,136 — 1,152,066 Other property, plant and equipment, net — — 125,704 102,672 — 228,376 Indefinite-lived intangibles — — 977,152 — — 977,152 Other intangibles, net — — 252,186 30,240 — 282,426 Goodwill — — 507,819 205,458 — 713,277 Due from iHeartCommunications 1,051,349 — — — — 1,051,349 Intercompany notes receivable 182,026 4,857,393 12,437 74,107 (5,125,963 ) — Other assets 224,750 431,992 1,312,735 71,635 (1,914,463 ) 126,649 Total Assets $ 1,484,266 $ 6,019,313 $ 7,009,322 $ 1,790,300 $ (10,722,713 ) $ 5,580,488 Accounts payable $ — $ — $ 13,810 $ 74,212 $ — $ 88,022 Intercompany payable 2,862,295 — 819,992 — (3,682,287 ) — Accrued expenses 23,378 1,711 94,033 413,125 — 532,247 Deferred income — — 39,874 50,882 — 90,756 Current portion of long-term debt — — 112 461 — 573 Total Current Liabilities 2,885,673 1,711 967,821 538,680 (3,682,287 ) 711,598 Long-term debt — 4,892,903 1,850 369,537 — 5,264,290 Intercompany notes payable — 74,107 5,039,418 12,438 (5,125,963 ) — Deferred tax liability 772 1,367 662,316 (62,568 ) — 601,887 Other long-term liabilities 1,019 — 143,119 142,745 — 286,883 Total stockholders' equity (deficit) (1,403,198 ) 1,049,225 194,798 789,468 (1,914,463 ) (1,284,170 ) Total Liabilities and Stockholders' Equity (Deficit) $ 1,484,266 $ 6,019,313 $ 7,009,322 $ 1,790,300 $ (10,722,713 ) $ 5,580,488 (In thousands) December 31, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 300,285 $ — $ 61,542 $ 180,168 $ — $ 541,995 Accounts receivable, net of allowance — — 193,474 399,596 — 593,070 Intercompany receivables — 687,043 2,694,094 99,431 (3,480,568 ) — Prepaid expenses 1,363 3,433 51,751 55,022 — 111,569 Assets held for sale — — 55,602 — — 55,602 Other current assets — — 6,873 32,326 — 39,199 Total Current Assets 301,648 690,476 3,063,336 766,543 (3,480,568 ) 1,341,435 Structures, net — — 746,877 449,799 — 1,196,676 Other property, plant and equipment, net — — 124,138 92,019 — 216,157 Indefinite-lived intangibles — — 951,439 9,527 — 960,966 Other intangibles, net — — 259,915 39,702 — 299,617 Goodwill — — 505,478 190,785 — 696,263 Due from iHeartCommunications 885,701 — — — — 885,701 Intercompany notes receivable 182,026 4,887,354 — — (5,069,380 ) — Other assets 280,435 418,658 1,320,838 65,589 (1,963,507 ) 122,013 Total Assets $ 1,649,810 $ 5,996,488 $ 6,972,021 $ 1,613,964 $ (10,513,455 ) $ 5,718,828 Accounts payable $ — $ — $ 14,897 $ 71,973 $ — $ 86,870 Intercompany payable 2,694,094 — 786,474 — (3,480,568 ) — Accrued expenses 2,223 58,652 35,509 384,488 — 480,872 Dividends payable — — Deferred income — — 33,471 33,534 — 67,005 Current portion of long-term debt — — 89 6,882 — 6,971 Total Current Liabilities 2,696,317 58,652 870,440 496,877 (3,480,568 ) 641,718 Long-term debt — 4,886,318 1,711 221,991 — 5,110,020 Intercompany notes payable — 5,000 5,027,681 36,699 (5,069,380 ) — Deferred tax liability 772 1,367 685,780 (49,214 ) — 638,705 Other long-term liabilities 1,055 — 135,094 123,162 — 259,311 Total stockholders' equity (deficit) (1,048,334 ) 1,045,151 251,315 784,449 (1,963,507 ) (930,926 ) Total Liabilities and Stockholders' Equity (Deficit) $ 1,649,810 $ 5,996,488 $ 6,972,021 $ 1,613,964 $ (10,513,455 ) $ 5,718,828 (In thousands) Three Months Ended September 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 288,433 $ 356,656 $ — $ 645,089 Operating expenses: Direct operating expenses — — 126,536 229,564 — 356,100 Selling, general and administrative expenses — — 47,994 80,403 — 128,397 Corporate expenses 3,602 — 22,658 9,073 — 35,333 Depreciation and amortization — — 45,180 35,916 — 81,096 Impairment charges — — — 1,591 — 1,591 Other operating income (expense), net (102 ) — 1,876 (13,557 ) — (11,783 ) Operating income (loss) (3,704 ) — 47,941 (13,448 ) — 30,789 Interest (income) expense, net (20 ) 88,232 126 7,129 — 95,467 Interest income on Due from iHeartCommunications 17,087 — — — — 17,087 Intercompany interest income 4,090 85,067 17,316 43 (106,516 ) — Intercompany interest expense 17,087 203 89,200 26 (106,516 ) — Equity in loss of nonconsolidated affiliates (57,326 ) (15,720 ) (32,846 ) (838 ) 106,102 (628 ) Other income (expense), net (7,517 ) — 9,958 6,723 — 9,164 Loss before income taxes (64,437 ) (19,088 ) (46,957 ) (14,675 ) 106,102 (39,055 ) Income tax benefit (expense) 2,798 (1,711 ) (10,369 ) (7,065 ) — (16,347 ) Consolidated net loss (61,639 ) (20,799 ) (57,326 ) (21,740 ) 106,102 (55,402 ) Less amount attributable to noncontrolling interest — — — 6,237 — 6,237 Net loss attributable to the Company $ (61,639 ) $ (20,799 ) $ (57,326 ) $ (27,977 ) $ 106,102 $ (61,639 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 712 12,238 — 12,950 Unrealized holding loss on marketable securities — — — (320 ) — (320 ) Reclassification adjustments — — — 6,207 — 6,207 Equity in subsidiary comprehensive income 16,171 7,963 15,459 — (39,593 ) — Comprehensive loss (45,468 ) (12,836 ) (41,155 ) (9,852 ) 66,509 (42,802 ) Less amount attributable to noncontrolling interest — — — 2,666 — 2,666 Comprehensive loss attributable to the Company $ (45,468 ) $ (12,836 ) $ (41,155 ) $ (12,518 ) $ 66,509 $ (45,468 ) (In thousands) Three Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 287,526 $ 381,695 $ — $ 669,221 Operating expenses: Direct operating expenses — — 122,893 239,357 — 362,250 Selling, general and administrative expenses — — 46,946 79,218 — 126,164 Corporate expenses 3,400 — 13,929 10,774 — 28,103 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 ) — 61,552 2,701 — 60,745 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 (31,364 ) (27,115 ) (30,183 ) (833 ) 88,768 (727 ) Other income (expense), net 668 — (907 ) (6,285 ) — (6,524 ) Loss before income taxes (29,934 ) (30,677 ) (45,423 ) (10,124 ) 88,768 (27,390 ) Income tax benefit (expense) (1,166 ) 1,168 14,059 (10,442 ) — 3,619 Consolidated net loss (31,100 ) (29,509 ) (31,364 ) (20,566 ) 88,768 (23,771 ) Less amount attributable to noncontrolling interest — — — 7,329 — 7,329 Net loss attributable to the Company $ (31,100 ) $ (29,509 ) $ (31,364 ) $ (27,895 ) $ 88,768 $ (31,100 ) 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 loss — — (2 ) 195 — 193 Equity in subsidiary comprehensive income 6,542 9,528 9,276 — (25,346 ) — Comprehensive loss (24,558 ) (19,981 ) (27,804 ) (15,062 ) 63,422 (23,983 ) Less amount attributable to noncontrolling interest — — (2,982 ) 3,557 — 575 Comprehensive loss attributable to the Company $ (24,558 ) $ (19,981 ) $ (24,822 ) $ (18,619 ) $ 63,422 $ (24,558 ) (In thousands) Nine Months Ended September 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 832,419 $ 1,029,715 $ — $ 1,862,134 Operating expenses: Direct operating expenses — — 378,078 656,126 — 1,034,204 Selling, general and administrative expenses — — 144,183 225,886 — 370,069 Corporate expenses 10,972 — 68,592 25,649 — 105,213 Depreciation and amortization — — 132,160 104,720 — 236,880 Impairment charges — — — 1,591 — 1,591 Other operating income (expense), net (308 ) — 35,526 (6,561 ) — 28,657 Operating income (loss) (11,280 ) — 144,932 9,182 — 142,834 Interest (income) expense, net (412 ) 264,866 (545 ) 18,821 — 282,730 Interest income on Due from iHeartCommunications 47,277 — — — — 47,277 Intercompany interest income 12,236 255,351 48,104 140 (315,831 ) — Intercompany interest expense 47,277 321 267,727 506 (315,831 ) — Equity in loss of nonconsolidated affiliates (97,982 ) (16,646 ) (39,558 ) (1,643 ) 155,000 (829 ) Other income, net 2,716 — 8,425 10,663 — 21,804 Loss before income taxes (93,898 ) (26,482 ) (105,279 ) (985 ) 155,000 (71,644 ) Income tax benefit (expense) (1,519 ) 576 7,297 (19,254 ) — (12,900 ) Consolidated net loss (95,417 ) (25,906 ) (97,982 ) (20,239 ) 155,000 (84,544 ) Less amount attributable to noncontrolling interest — — — 10,873 — 10,873 Net loss attributable to the Company $ (95,417 ) $ (25,906 ) $ (97,982 ) $ (31,112 ) $ 155,000 $ (95,417 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 806 43,141 — 43,947 Unrealized holding loss on marketable securities — — — (218 ) — (218 ) Reclassification adjustments — — — 4,563 — 4,563 Other adjustments to comprehensive income — — — — — — Equity in subsidiary comprehensive income 42,297 29,980 41,491 — (113,768 ) — Comprehensive income (loss) (53,120 ) 4,074 (55,685 ) 16,374 41,232 (47,125 ) Less amount attributable to noncontrolling interest — — — 5,995 — 5,995 Comprehensive income (loss) attributable to the Company $ (53,120 ) $ 4,074 $ (55,685 ) $ 10,379 $ 41,232 $ (53,120 ) (In thousands) Nine Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 833,840 $ 1,132,481 $ — $ 1,966,321 Operating expenses: Direct operating expenses — — 365,478 700,760 — 1,066,238 Selling, general and administrative expenses — — 146,347 242,185 — 388,532 Corporate expenses 9,822 — 44,997 31,181 — 86,000 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 ) — 433,423 (36,676 ) — 386,613 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 36,614 (144,270 ) (153,409 ) (2,166 ) 261,857 (1,374 ) Other income (expense), net 2,373 — (1,916 ) (46,655 ) — (46,198 ) Income (loss) before income taxes 41,841 (153,072 ) 47,094 (104,082 ) 261,857 93,638 Income tax benefit (expense) (1,944 ) 3,078 (10,480 ) (28,233 ) — (37,579 ) Consolidated net income (loss) 39,897 (149,994 ) 36,614 (132,315 ) 261,857 56,059 Less amount attributable to noncontrolling interest — — — 16,162 — 16,162 Net income (loss) attributable to the Company $ 39,897 $ (149,994 ) $ 36,614 $ (148,477 ) $ 261,857 $ 39,897 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 loss — — — (3,551 ) — (3,551 ) Equity in subsidiary comprehensive income 73,205 73,133 79,000 — (225,338 ) — Comprehensive income (loss) 113,102 (76,861 ) 107,515 (68,157 ) 36,519 112,118 Less amount attributable to noncontrolling interest — — (2,304 ) 1,320 — (984 ) Comprehensive income (loss) attributable to the Company $ 113,102 $ (76,861 ) $ 109,819 $ (69,477 ) $ 36,519 $ 113,102 (In thousands) Nine Months Ended September 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (95,417 ) $ (25,906 ) $ (97,982 ) $ (20,239 ) $ 155,000 $ (84,544 ) Reconciling items: Impairment charges — — — 1,591 — 1,591 Depreciation and amortization — — 132,160 104,720 — 236,880 Deferred taxes — — (23,464 ) (4,637 ) — (28,101 ) Provision for doubtful accounts — — 1,508 4,820 — 6,328 Amortization of deferred financing charges and note discounts, net — 6,585 — 1,411 — 7,996 Share-based compensation — — 4,859 2,294 — 7,153 (Gain) loss on disposal of operating assets, net — — (35,601 ) 5,306 — (30,295 ) Equity in loss of nonconsolidated affiliates 97,982 16,646 39,558 1,643 (155,000 ) 829 Foreign exchange transaction (gain) loss — — 5 (22,271 ) — (22,266 ) Other reconciling items, net — — (4,397 ) (533 ) — (4,930 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable — — 2,749 (20,575 ) — (17,826 ) (Increase) decrease in prepaids and other current assets 1,045 — (9,626 ) (7,596 ) — (16,177 ) Increase (decrease) in accrued expenses (3,524 ) (56,942 ) 60,128 (8,472 ) — (8,810 ) Decrease in accounts payable — — (1,086 ) (2,937 ) — (4,023 ) Increase (decrease) in accrued interest — — (93 ) 6,124 — 6,031 Increase in deferred income — — 6,352 12,366 — 18,718 Changes in other operating assets and liabilities — — 477 3,038 — 3,515 Net cash provided by (used for) operating activities $ 86 $ (59,617 ) $ 75,547 $ 56,053 $ — $ 72,069 Cash flows from investing activities: Purchases of property, plant and equipment — — (48,185 ) (86,683 ) — (134,868 ) Proceeds from disposal of assets — — 54,534 16,500 — 71,034 Purchases of other operating assets — — (758 ) (2,226 ) — (2,984 ) Increase in intercompany notes receivable, net — 29,962 (6,146 ) (74,107 ) 50,291 — Dividends from subsidiaries — — 22,995 — (22,995 ) — Change in other, net (23,464 ) — (4 ) 3,179 — (20,289 ) Net cash provided by (used for) investing activities $ (23,464 ) $ 29,962 $ 22,436 $ (143,337 ) $ 27,296 $ (87,107 ) Cash flows from financing activities: Draws on credit facilities — — — — — — Payments on credit facilities — — — (909 ) — (909 ) Proceeds from long-term debt — — — 156,000 — 156,000 Payments on long-term debt — — (73 ) (531 ) — (604 ) Net transfers to iHeartCommunications (165,650 ) — — — — (165,650 ) Dividends and other payments to noncontrolling interests — — — (12,027 ) — (12,027 ) Dividends paid (282,658 ) — — (22,995 ) 22,995 (282,658 ) Increase in intercompany notes payable, net — 69,107 — (18,816 ) (50,291 ) — Intercompany funding 175,186 (39,452 ) (145,622 ) 9,888 — — Change in other, net (1,426 ) — — (4,808 ) — (6,234 ) Net cash provided by (used for) financing activities (274,548 ) 29,655 (145,695 ) 105,802 (27,296 ) (312,082 ) Effect of exchange rate changes on cash — — — 7,512 — 7,512 Net increase (decrease) in cash and cash equivalents (297,926 ) — (47,712 ) 26,030 — (319,608 ) Cash and cash equivalents at beginning of year 300,285 — 61,542 180,168 — 541,995 Cash and cash equivalents at end of year $ 2,359 $ — $ 13,830 $ 206,198 $ — $ 222,387 (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) $ 39,897 $ (149,994 ) $ 36,614 $ (132,315 ) $ 261,857 $ 56,059 Reconciling items: Impairment charges — — — 7,274 — 7,274 Depreciation and amortization — — 134,763 123,386 — 258,149 Deferred taxes — — 34,051 (5,476 ) — 28,575 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 — — 4,414 3,777 — 8,191 (Gain) loss on sale of operating and fixed assets — — (292,766 ) 60,740 — (232,026 ) Equity in (earnings) loss of nonconsolidated affiliates (36,614 ) 144,270 153,409 2,166 (261,857 ) 1,374 Foreign exchange transaction (gain) loss — — (3 ) 46,286 — 46,283 Other reconciling items, net — — (187 ) (781 ) — (968 ) 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 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 ) Proceeds from long-term debt — — 800 — — 800 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 ) — — (120 ) (79 ) (1,479 ) 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

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements 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 two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company expects to utilize the full retrospective method. The Company has substantially completed its evaluation of the potential changes from adopting the new standard on its future financial reporting and disclosures, which included reviews of contractual terms for all of the Company’s significant revenue streams and the development of an implementation plan. The Company continues to execute on its implementation plan, including detailed policy drafting and training of segment personnel. Based on its evaluation, the Company does not expect material changes to its 2016 or 2017 consolidated revenues, operating income or balance sheets as a result of the implementation of this standard. 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 first quarter of 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) . This update eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The standard is effective for annual and any interim impairment tests performed for 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 second quarter of 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718) . This update mandates that entities will apply the modification accounting guidance if the value, vesting conditions or classification of the award changes. Entities will have to make all of the disclosures about modifications that are required today, in addition to disclosing that compensation expense hasn't changed. Additionally, the new guidance also clarifies that a modification to an award could be significant and therefore require disclosure, even if the modification accounting is not required. The guidance will be applied prospectively to awards modified on or after the adoption date and is effective for annual periods, and 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, 2017
Property, Plant and Equipment [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, 2017 and December 31, 2016 , respectively: (In thousands) September 30, December 31, Land, buildings and improvements $ 145,531 $ 152,775 Structures 2,807,023 2,684,673 Furniture and other equipment 175,627 148,516 Construction in progress 70,514 58,585 3,198,695 3,044,549 Less: accumulated depreciation 1,818,253 1,631,716 Property, plant and equipment, net $ 1,380,442 $ 1,412,833
Schedule of Gross Carrying Amount and Accumulated Amortization 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, 2017 and December 31, 2016 , respectively: (In thousands) September 30, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor contractual rights $ 587,099 $ (469,982 ) $ 563,863 $ (426,752 ) Permanent easements 162,919 — 159,782 — Other 4,667 (2,277 ) 4,536 (1,812 ) Total $ 754,685 $ (472,259 ) $ 728,181 $ (428,564 )
Schedule of Future Amortization Expense	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) 2018 $ 19,389 2019 $ 15,639 2020 $ 13,356 2021 $ 13,074 2022 $ 11,603
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, 2015 $ 534,683 $ 223,892 $ 758,575 Impairment — (7,274 ) (7,274 ) Dispositions (6,934 ) (30,718 ) (37,652 ) Foreign currency (1,998 ) (5,051 ) (7,049 ) Assets held for sale (10,337 ) — (10,337 ) Balance as of December 31, 2016 $ 515,414 $ 180,849 $ 696,263 Impairment — (1,591 ) (1,591 ) Acquisitions 2,252 — 2,252 Dispositions — (1,817 ) (1,817 ) Foreign currency 654 17,427 18,081 Assets held for sale 89 — 89 Balance as of September 30, 2017 $ 518,409 $ 194,868 $ 713,277

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding as of September 30, 2017 and December 31, 2016 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 375,000 225,000 Other debt 2,529 14,798 Original issue discount (123 ) (6,738 ) Long-term debt fees (37,543 ) (41,069 ) Total debt $ 5,264,863 $ 5,116,991 Less: current portion 573 6,971 Total long-term debt $ 5,264,290 $ 5,110,020 (1) The Senior revolving credit facility provides for borrowings up to $75.0 million (the revolving credit commitment). As of September 30, 2017 , we had $72.7 million of letters of credit outstanding, and $2.3 million of availability, under the senior revolving credit facility.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and 2016 , respectively, consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Current tax benefit (expense) $ (21,094 ) $ (10,260 ) $ (41,001 ) $ (9,004 ) Deferred tax benefit (expense) 4,747 13,879 28,101 (28,575 ) Income tax benefit (expense) $ (16,347 ) $ 3,619 $ (12,900 ) $ (37,579 )

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of Changes in Stockholders' Equity (Deficit)	The following table shows the changes in stockholders’ 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, 2017 $ (1,080,812 ) $ 149,886 $ (930,926 ) Net income (loss) (95,417 ) 10,873 (84,544 ) Dividends declared (307,492 ) — (307,492 ) Payments to noncontrolling interests — (12,027 ) (12,027 ) Share-based compensation 6,529 624 7,153 Disposal of noncontrolling interest — (2,438 ) (2,438 ) Foreign currency translation adjustments 37,952 5,995 43,947 Unrealized holding loss on marketable securities (218 ) — (218 ) Reclassification adjustments 4,563 — 4,563 Other, net (1,613 ) (575 ) (2,188 ) Balances as of September 30, 2017 $ (1,436,508 ) $ 152,338 $ (1,284,170 ) Balances as of January 1, 2016 $ (755,599 ) $ 187,775 $ (567,824 ) Net income 39,897 16,162 56,059 Dividends declared (540,034 ) — (540,034 ) Dividends and other payments to noncontrolling interests — (21,046 ) (21,046 ) Share-based compensation 8,191 — 8,191 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 $ (1,176,368 ) $ 183,206 $ (993,162 )
Computation of Earnings Per Share	COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended 2017 2016 2017 2016 NUMERATOR: Net income (loss) attributable to the Company – common shares $ (61,639 ) $ (31,100 ) $ (95,417 ) $ 39,897 DENOMINATOR: Weighted average common shares outstanding - basic 361,302 360,454 361,064 360,202 Stock options and restricted stock (1) — — — 1,215 Weighted average common shares outstanding - diluted 361,302 360,454 361,064 361,417 Net income (loss) attributable to the Company per common share: Basic $ (0.17 ) $ (0.09 ) $ (0.26 ) $ 0.11 Diluted $ (0.17 ) $ (0.09 ) $ (0.26 ) $ 0.11 (1) Outstanding equity awards of 8.3 million and 8.1 million for the three months ended September 30, 2017 and 2016 , respectively, 8.3 million and 5.4 million for the nine months ended September 30, 2017 and 2016 , 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, 2017
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, 2017 and 2016 : (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended September 30, 2017 Revenue $ 316,587 $ 328,502 $ — $ 645,089 Direct operating expenses 141,609 214,491 — 356,100 Selling, general and administrative expenses 54,689 73,708 — 128,397 Corporate expenses — — 35,333 35,333 Depreciation and amortization 47,035 32,886 1,175 81,096 Impairment charges — — 1,591 1,591 Other operating expense, net — — (11,783 ) (11,783 ) Operating income (loss) $ 73,254 $ 7,417 $ (49,882 ) $ 30,789 Capital expenditures $ 5,118 $ 26,211 $ 460 $ 31,789 Share-based compensation expense $ — $ — $ 2,894 $ 2,894 Three Months Ended September 30, 2016 Revenue $ 322,997 $ 346,224 $ — $ 669,221 Direct operating expenses 142,989 219,261 — 362,250 Selling, general and administrative expenses 54,500 71,664 — 126,164 Corporate expenses — — 28,103 28,103 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 $ (35,802 ) $ 60,745 Capital expenditures $ 19,114 $ 30,803 $ 1,033 $ 50,950 Share-based compensation expense $ — $ — $ 2,742 $ 2,742 (In thousands) Americas International Corporate and other reconciling items Consolidated Nine Months Ended September 30, 2017 Revenue $ 919,967 $ 942,167 $ — $ 1,862,134 Direct operating expenses 427,181 607,023 — 1,034,204 Selling, general and administrative expenses 165,538 204,531 — 370,069 Corporate expenses — — 105,213 105,213 Depreciation and amortization 137,689 95,149 4,042 236,880 Impairment Charges — — 1,591 1,591 Other operating income, net — — 28,657 28,657 Operating income (loss) $ 189,559 $ 35,464 $ (82,189 ) $ 142,834 Capital expenditures $ 48,749 $ 83,851 $ 2,268 $ 134,868 Share-based compensation expense $ — $ — $ 7,153 $ 7,153 Nine Months Ended September 30, 2016 Revenue $ 931,058 $ 1,035,263 $ — $ 1,966,321 Direct operating expenses 421,039 645,199 — 1,066,238 Selling, general and administrative expenses 167,660 220,872 — 388,532 Corporate expenses — — 86,000 86,000 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 $ 129,020 $ 386,613 Capital expenditures $ 47,808 $ 97,487 $ 2,710 $ 148,005 Share-based compensation expense $ — $ — $ 8,191 $ 8,191

GUARANTOR SUBSIDIARIES (Tables)

GUARANTOR SUBSIDIARIES (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 2,359 $ — $ 13,830 $ 206,198 $ — $ 222,387 Accounts receivable, net of allowance — — 189,217 443,746 — 632,963 Intercompany receivables — 726,495 2,862,295 93,497 (3,682,287 ) — Prepaid expenses 318 3,433 61,312 66,743 — 131,806 Other current assets 23,464 — 3,705 34,868 — 62,037 Total Current Assets 26,141 729,928 3,130,359 845,052 (3,682,287 ) 1,049,193 Structures, net — — 690,930 461,136 — 1,152,066 Other property, plant and equipment, net — — 125,704 102,672 — 228,376 Indefinite-lived intangibles — — 977,152 — — 977,152 Other intangibles, net — — 252,186 30,240 — 282,426 Goodwill — — 507,819 205,458 — 713,277 Due from iHeartCommunications 1,051,349 — — — — 1,051,349 Intercompany notes receivable 182,026 4,857,393 12,437 74,107 (5,125,963 ) — Other assets 224,750 431,992 1,312,735 71,635 (1,914,463 ) 126,649 Total Assets $ 1,484,266 $ 6,019,313 $ 7,009,322 $ 1,790,300 $ (10,722,713 ) $ 5,580,488 Accounts payable $ — $ — $ 13,810 $ 74,212 $ — $ 88,022 Intercompany payable 2,862,295 — 819,992 — (3,682,287 ) — Accrued expenses 23,378 1,711 94,033 413,125 — 532,247 Deferred income — — 39,874 50,882 — 90,756 Current portion of long-term debt — — 112 461 — 573 Total Current Liabilities 2,885,673 1,711 967,821 538,680 (3,682,287 ) 711,598 Long-term debt — 4,892,903 1,850 369,537 — 5,264,290 Intercompany notes payable — 74,107 5,039,418 12,438 (5,125,963 ) — Deferred tax liability 772 1,367 662,316 (62,568 ) — 601,887 Other long-term liabilities 1,019 — 143,119 142,745 — 286,883 Total stockholders' equity (deficit) (1,403,198 ) 1,049,225 194,798 789,468 (1,914,463 ) (1,284,170 ) Total Liabilities and Stockholders' Equity (Deficit) $ 1,484,266 $ 6,019,313 $ 7,009,322 $ 1,790,300 $ (10,722,713 ) $ 5,580,488 (In thousands) December 31, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 300,285 $ — $ 61,542 $ 180,168 $ — $ 541,995 Accounts receivable, net of allowance — — 193,474 399,596 — 593,070 Intercompany receivables — 687,043 2,694,094 99,431 (3,480,568 ) — Prepaid expenses 1,363 3,433 51,751 55,022 — 111,569 Assets held for sale — — 55,602 — — 55,602 Other current assets — — 6,873 32,326 — 39,199 Total Current Assets 301,648 690,476 3,063,336 766,543 (3,480,568 ) 1,341,435 Structures, net — — 746,877 449,799 — 1,196,676 Other property, plant and equipment, net — — 124,138 92,019 — 216,157 Indefinite-lived intangibles — — 951,439 9,527 — 960,966 Other intangibles, net — — 259,915 39,702 — 299,617 Goodwill — — 505,478 190,785 — 696,263 Due from iHeartCommunications 885,701 — — — — 885,701 Intercompany notes receivable 182,026 4,887,354 — — (5,069,380 ) — Other assets 280,435 418,658 1,320,838 65,589 (1,963,507 ) 122,013 Total Assets $ 1,649,810 $ 5,996,488 $ 6,972,021 $ 1,613,964 $ (10,513,455 ) $ 5,718,828 Accounts payable $ — $ — $ 14,897 $ 71,973 $ — $ 86,870 Intercompany payable 2,694,094 — 786,474 — (3,480,568 ) — Accrued expenses 2,223 58,652 35,509 384,488 — 480,872 Dividends payable — — Deferred income — — 33,471 33,534 — 67,005 Current portion of long-term debt — — 89 6,882 — 6,971 Total Current Liabilities 2,696,317 58,652 870,440 496,877 (3,480,568 ) 641,718 Long-term debt — 4,886,318 1,711 221,991 — 5,110,020 Intercompany notes payable — 5,000 5,027,681 36,699 (5,069,380 ) — Deferred tax liability 772 1,367 685,780 (49,214 ) — 638,705 Other long-term liabilities 1,055 — 135,094 123,162 — 259,311 Total stockholders' equity (deficit) (1,048,334 ) 1,045,151 251,315 784,449 (1,963,507 ) (930,926 ) Total Liabilities and Stockholders' Equity (Deficit) $ 1,649,810 $ 5,996,488 $ 6,972,021 $ 1,613,964 $ (10,513,455 ) $ 5,718,828
Schedule Of Guarantor Obligations, Income Statement	(In thousands) Three Months Ended September 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 288,433 $ 356,656 $ — $ 645,089 Operating expenses: Direct operating expenses — — 126,536 229,564 — 356,100 Selling, general and administrative expenses — — 47,994 80,403 — 128,397 Corporate expenses 3,602 — 22,658 9,073 — 35,333 Depreciation and amortization — — 45,180 35,916 — 81,096 Impairment charges — — — 1,591 — 1,591 Other operating income (expense), net (102 ) — 1,876 (13,557 ) — (11,783 ) Operating income (loss) (3,704 ) — 47,941 (13,448 ) — 30,789 Interest (income) expense, net (20 ) 88,232 126 7,129 — 95,467 Interest income on Due from iHeartCommunications 17,087 — — — — 17,087 Intercompany interest income 4,090 85,067 17,316 43 (106,516 ) — Intercompany interest expense 17,087 203 89,200 26 (106,516 ) — Equity in loss of nonconsolidated affiliates (57,326 ) (15,720 ) (32,846 ) (838 ) 106,102 (628 ) Other income (expense), net (7,517 ) — 9,958 6,723 — 9,164 Loss before income taxes (64,437 ) (19,088 ) (46,957 ) (14,675 ) 106,102 (39,055 ) Income tax benefit (expense) 2,798 (1,711 ) (10,369 ) (7,065 ) — (16,347 ) Consolidated net loss (61,639 ) (20,799 ) (57,326 ) (21,740 ) 106,102 (55,402 ) Less amount attributable to noncontrolling interest — — — 6,237 — 6,237 Net loss attributable to the Company $ (61,639 ) $ (20,799 ) $ (57,326 ) $ (27,977 ) $ 106,102 $ (61,639 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 712 12,238 — 12,950 Unrealized holding loss on marketable securities — — — (320 ) — (320 ) Reclassification adjustments — — — 6,207 — 6,207 Equity in subsidiary comprehensive income 16,171 7,963 15,459 — (39,593 ) — Comprehensive loss (45,468 ) (12,836 ) (41,155 ) (9,852 ) 66,509 (42,802 ) Less amount attributable to noncontrolling interest — — — 2,666 — 2,666 Comprehensive loss attributable to the Company $ (45,468 ) $ (12,836 ) $ (41,155 ) $ (12,518 ) $ 66,509 $ (45,468 ) (In thousands) Three Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 287,526 $ 381,695 $ — $ 669,221 Operating expenses: Direct operating expenses — — 122,893 239,357 — 362,250 Selling, general and administrative expenses — — 46,946 79,218 — 126,164 Corporate expenses 3,400 — 13,929 10,774 — 28,103 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 ) — 61,552 2,701 — 60,745 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 (31,364 ) (27,115 ) (30,183 ) (833 ) 88,768 (727 ) Other income (expense), net 668 — (907 ) (6,285 ) — (6,524 ) Loss before income taxes (29,934 ) (30,677 ) (45,423 ) (10,124 ) 88,768 (27,390 ) Income tax benefit (expense) (1,166 ) 1,168 14,059 (10,442 ) — 3,619 Consolidated net loss (31,100 ) (29,509 ) (31,364 ) (20,566 ) 88,768 (23,771 ) Less amount attributable to noncontrolling interest — — — 7,329 — 7,329 Net loss attributable to the Company $ (31,100 ) $ (29,509 ) $ (31,364 ) $ (27,895 ) $ 88,768 $ (31,100 ) 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 loss — — (2 ) 195 — 193 Equity in subsidiary comprehensive income 6,542 9,528 9,276 — (25,346 ) — Comprehensive loss (24,558 ) (19,981 ) (27,804 ) (15,062 ) 63,422 (23,983 ) Less amount attributable to noncontrolling interest — — (2,982 ) 3,557 — 575 Comprehensive loss attributable to the Company $ (24,558 ) $ (19,981 ) $ (24,822 ) $ (18,619 ) $ 63,422 $ (24,558 ) (In thousands) Nine Months Ended September 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 832,419 $ 1,029,715 $ — $ 1,862,134 Operating expenses: Direct operating expenses — — 378,078 656,126 — 1,034,204 Selling, general and administrative expenses — — 144,183 225,886 — 370,069 Corporate expenses 10,972 — 68,592 25,649 — 105,213 Depreciation and amortization — — 132,160 104,720 — 236,880 Impairment charges — — — 1,591 — 1,591 Other operating income (expense), net (308 ) — 35,526 (6,561 ) — 28,657 Operating income (loss) (11,280 ) — 144,932 9,182 — 142,834 Interest (income) expense, net (412 ) 264,866 (545 ) 18,821 — 282,730 Interest income on Due from iHeartCommunications 47,277 — — — — 47,277 Intercompany interest income 12,236 255,351 48,104 140 (315,831 ) — Intercompany interest expense 47,277 321 267,727 506 (315,831 ) — Equity in loss of nonconsolidated affiliates (97,982 ) (16,646 ) (39,558 ) (1,643 ) 155,000 (829 ) Other income, net 2,716 — 8,425 10,663 — 21,804 Loss before income taxes (93,898 ) (26,482 ) (105,279 ) (985 ) 155,000 (71,644 ) Income tax benefit (expense) (1,519 ) 576 7,297 (19,254 ) — (12,900 ) Consolidated net loss (95,417 ) (25,906 ) (97,982 ) (20,239 ) 155,000 (84,544 ) Less amount attributable to noncontrolling interest — — — 10,873 — 10,873 Net loss attributable to the Company $ (95,417 ) $ (25,906 ) $ (97,982 ) $ (31,112 ) $ 155,000 $ (95,417 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 806 43,141 — 43,947 Unrealized holding loss on marketable securities — — — (218 ) — (218 ) Reclassification adjustments — — — 4,563 — 4,563 Other adjustments to comprehensive income — — — — — — Equity in subsidiary comprehensive income 42,297 29,980 41,491 — (113,768 ) — Comprehensive income (loss) (53,120 ) 4,074 (55,685 ) 16,374 41,232 (47,125 ) Less amount attributable to noncontrolling interest — — — 5,995 — 5,995 Comprehensive income (loss) attributable to the Company $ (53,120 ) $ 4,074 $ (55,685 ) $ 10,379 $ 41,232 $ (53,120 ) (In thousands) Nine Months Ended September 30, 2016 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 833,840 $ 1,132,481 $ — $ 1,966,321 Operating expenses: Direct operating expenses — — 365,478 700,760 — 1,066,238 Selling, general and administrative expenses — — 146,347 242,185 — 388,532 Corporate expenses 9,822 — 44,997 31,181 — 86,000 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 ) — 433,423 (36,676 ) — 386,613 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 36,614 (144,270 ) (153,409 ) (2,166 ) 261,857 (1,374 ) Other income (expense), net 2,373 — (1,916 ) (46,655 ) — (46,198 ) Income (loss) before income taxes 41,841 (153,072 ) 47,094 (104,082 ) 261,857 93,638 Income tax benefit (expense) (1,944 ) 3,078 (10,480 ) (28,233 ) — (37,579 ) Consolidated net income (loss) 39,897 (149,994 ) 36,614 (132,315 ) 261,857 56,059 Less amount attributable to noncontrolling interest — — — 16,162 — 16,162 Net income (loss) attributable to the Company $ 39,897 $ (149,994 ) $ 36,614 $ (148,477 ) $ 261,857 $ 39,897 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 loss — — — (3,551 ) — (3,551 ) Equity in subsidiary comprehensive income 73,205 73,133 79,000 — (225,338 ) — Comprehensive income (loss) 113,102 (76,861 ) 107,515 (68,157 ) 36,519 112,118 Less amount attributable to noncontrolling interest — — (2,304 ) 1,320 — (984 ) Comprehensive income (loss) attributable to the Company $ 113,102 $ (76,861 ) $ 109,819 $ (69,477 ) $ 36,519 $ 113,102
Schedule Of Guarantor Obligations, Cash Flow	(In thousands) Nine Months Ended September 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (95,417 ) $ (25,906 ) $ (97,982 ) $ (20,239 ) $ 155,000 $ (84,544 ) Reconciling items: Impairment charges — — — 1,591 — 1,591 Depreciation and amortization — — 132,160 104,720 — 236,880 Deferred taxes — — (23,464 ) (4,637 ) — (28,101 ) Provision for doubtful accounts — — 1,508 4,820 — 6,328 Amortization of deferred financing charges and note discounts, net — 6,585 — 1,411 — 7,996 Share-based compensation — — 4,859 2,294 — 7,153 (Gain) loss on disposal of operating assets, net — — (35,601 ) 5,306 — (30,295 ) Equity in loss of nonconsolidated affiliates 97,982 16,646 39,558 1,643 (155,000 ) 829 Foreign exchange transaction (gain) loss — — 5 (22,271 ) — (22,266 ) Other reconciling items, net — — (4,397 ) (533 ) — (4,930 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable — — 2,749 (20,575 ) — (17,826 ) (Increase) decrease in prepaids and other current assets 1,045 — (9,626 ) (7,596 ) — (16,177 ) Increase (decrease) in accrued expenses (3,524 ) (56,942 ) 60,128 (8,472 ) — (8,810 ) Decrease in accounts payable — — (1,086 ) (2,937 ) — (4,023 ) Increase (decrease) in accrued interest — — (93 ) 6,124 — 6,031 Increase in deferred income — — 6,352 12,366 — 18,718 Changes in other operating assets and liabilities — — 477 3,038 — 3,515 Net cash provided by (used for) operating activities $ 86 $ (59,617 ) $ 75,547 $ 56,053 $ — $ 72,069 Cash flows from investing activities: Purchases of property, plant and equipment — — (48,185 ) (86,683 ) — (134,868 ) Proceeds from disposal of assets — — 54,534 16,500 — 71,034 Purchases of other operating assets — — (758 ) (2,226 ) — (2,984 ) Increase in intercompany notes receivable, net — 29,962 (6,146 ) (74,107 ) 50,291 — Dividends from subsidiaries — — 22,995 — (22,995 ) — Change in other, net (23,464 ) — (4 ) 3,179 — (20,289 ) Net cash provided by (used for) investing activities $ (23,464 ) $ 29,962 $ 22,436 $ (143,337 ) $ 27,296 $ (87,107 ) Cash flows from financing activities: Draws on credit facilities — — — — — — Payments on credit facilities — — — (909 ) — (909 ) Proceeds from long-term debt — — — 156,000 — 156,000 Payments on long-term debt — — (73 ) (531 ) — (604 ) Net transfers to iHeartCommunications (165,650 ) — — — — (165,650 ) Dividends and other payments to noncontrolling interests — — — (12,027 ) — (12,027 ) Dividends paid (282,658 ) — — (22,995 ) 22,995 (282,658 ) Increase in intercompany notes payable, net — 69,107 — (18,816 ) (50,291 ) — Intercompany funding 175,186 (39,452 ) (145,622 ) 9,888 — — Change in other, net (1,426 ) — — (4,808 ) — (6,234 ) Net cash provided by (used for) financing activities (274,548 ) 29,655 (145,695 ) 105,802 (27,296 ) (312,082 ) Effect of exchange rate changes on cash — — — 7,512 — 7,512 Net increase (decrease) in cash and cash equivalents (297,926 ) — (47,712 ) 26,030 — (319,608 ) Cash and cash equivalents at beginning of year 300,285 — 61,542 180,168 — 541,995 Cash and cash equivalents at end of year $ 2,359 $ — $ 13,830 $ 206,198 $ — $ 222,387 (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) $ 39,897 $ (149,994 ) $ 36,614 $ (132,315 ) $ 261,857 $ 56,059 Reconciling items: Impairment charges — — — 7,274 — 7,274 Depreciation and amortization — — 134,763 123,386 — 258,149 Deferred taxes — — 34,051 (5,476 ) — 28,575 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 — — 4,414 3,777 — 8,191 (Gain) loss on sale of operating and fixed assets — — (292,766 ) 60,740 — (232,026 ) Equity in (earnings) loss of nonconsolidated affiliates (36,614 ) 144,270 153,409 2,166 (261,857 ) 1,374 Foreign exchange transaction (gain) loss — — (3 ) 46,286 — 46,283 Other reconciling items, net — — (187 ) (781 ) — (968 ) 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 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 ) Proceeds from long-term debt — — 800 — — 800 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 ) — — (120 ) (79 ) (1,479 ) 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

PROPERTY, PLANT AND EQUIPMENT23

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets in International outdoor segment		$ 977,152,000		$ 977,152,000		$ 960,966,000
Impairment of indefinite-lived intangible assets		0	$ 0	0	$ 0
Amortization expense related to definite-lived intangible assets		7,100,000	9,300,000	21,200,000	29,200,000
Goodwill impairment				1,591,000		7,274,000
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill included in intangible assets acquired		713,277,000		713,277,000		696,263,000	$ 758,575,000
Net loss on sale of joint venture		12,100,000
Cumulative translation adjustment		6,300,000
Held-for-sale | Indianapolis, Indiana market
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received as part of exchange, net of closing costs	$ 43,100,000
Disposed of by Sale | Indianapolis, Indiana market
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain related to the sale	28,900,000
International
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets in International outdoor segment		0		0
Goodwill impairment		1,600,000	$ 7,300,000	1,591,000	$ 7,300,000	7,274,000
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill included in intangible assets acquired		$ 194,868,000		$ 194,868,000		$ 180,849,000	$ 223,892,000
Certain assets in Atlanta, Georgia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fair value of assets acquired	39,400,000
Fixed assets acquired	9,900,000
Intangible assets acquired	29,500,000
Goodwill included in intangible assets acquired	$ 2,300,000

PROPERTY, PLANT AND EQUIPMENT24

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,198,695	$ 3,044,549
Less: accumulated depreciation	1,818,253	1,631,716
Property, plant and equipment, net	1,380,442	1,412,833
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	145,531	152,775
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,807,023	2,684,673
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	175,627	148,516
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 70,514	$ 58,585

PROPERTY, PLANT AND EQUIPMENT25

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 754,685	$ 728,181
Accumulated Amortization	(472,259)	(428,564)
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	587,099	563,863
Accumulated Amortization	(469,982)	(426,752)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	162,919	159,782
Accumulated Amortization	0	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,667	4,536
Accumulated Amortization	$ (2,277)	$ (1,812)

PROPERTY, PLANT AND EQUIPMENT26

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2017USD ($)
Property, Plant and Equipment [Abstract]
2,018	$ 19,389
2,019	15,639
2,020	13,356
2,021	13,074
2,022	$ 11,603

PROPERTY, PLANT AND EQUIPMENT27

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Goodwill
Beginning balance			$ 696,263	$ 758,575	$ 758,575
Impairment			(1,591)		(7,274)
Acquisitions			2,252
Foreign currency			18,081		(7,049)
Ending balance	$ 713,277		713,277		696,263
Dispositions
Goodwill
Dispositions and assets held for sale			(1,817)		(37,652)
Assets held for sale
Goodwill
Dispositions and assets held for sale			(89)		(10,337)
Americas
Goodwill
Beginning balance			515,414	534,683	534,683
Impairment			0		0
Acquisitions			2,252
Foreign currency			654		(1,998)
Ending balance	518,409		518,409		515,414
Americas | Dispositions
Goodwill
Dispositions and assets held for sale			0		(6,934)
Americas | Assets held for sale
Goodwill
Dispositions and assets held for sale			(89)		(10,337)
International
Goodwill
Beginning balance			180,849	223,892	223,892
Impairment	(1,600)	$ (7,300)	(1,591)	$ (7,300)	(7,274)
Acquisitions			0
Foreign currency			17,427		(5,051)
Ending balance	$ 194,868		194,868		180,849
International | Dispositions
Goodwill
Dispositions and assets held for sale			(1,817)		(30,718)
International | Assets held for sale
Goodwill
Dispositions and assets held for sale			$ 0		$ 0

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt Outstanding (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total debt	$ 5,264,863,000	$ 5,116,991,000
Original issue discount	(123,000)	(6,738,000)
Long-term debt fees	(37,543,000)	(41,069,000)
Less: current portion	573,000	6,971,000
Total long-term debt	5,264,290,000	5,110,020,000
Senior Revolving Credit Facility Due 2018
Debt Instrument [Line Items]
Total debt	0	0
Maximum borrowing capacity	75,000,000
Amount available under senior revolving credit facility	2,300,000
Senior Revolving Credit Facility Due 2018 | Letters of credit
Debt Instrument [Line Items]
Letters of credit outstanding	72,700,000
Clear Channel International B.V. Senior Notes Due 2020
Debt Instrument [Line Items]
Total debt	375,000,000	225,000,000
Other debt
Debt Instrument [Line Items]
Total debt	2,529,000	14,798,000
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 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 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%

LONG-TERM DEBT - Additional In

LONG-TERM DEBT - Additional Information - Narrative (Details) - USD ($)	Aug. 14, 2017	Sep. 30, 2017	Dec. 31, 2016
Level 1
Guarantor Obligations [Line Items]
Aggregate market value of debt		$ 5,400,000,000	$ 5,200,000,000
Senior Notes | Clear Channel International B.V. Senior Notes Due 2020
Guarantor Obligations [Line Items]
Stated interest rate	8.75%
Clear Channel International B.V. | Senior Notes | Clear Channel International B.V. Senior Notes Due 2020
Guarantor Obligations [Line Items]
Proceeds from issuance of senior notes	$ 150,000,000
Proceeds from senior debt issuance	$ 156,000,000

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees - Narrative (Details) $ in Millions	Sep. 30, 2017USD ($)
Guarantor Obligations [Line Items]
Letters of credit outstanding	$ 95.4
Bank guarantees
Guarantor Obligations [Line Items]
Guarantee obligations	36.6
Bank guarantees backed by cash collateral
Guarantor Obligations [Line Items]
Guarantee obligations	17.3
Letters of credit backed by cash collateral
Guarantor Obligations [Line Items]
Guarantee obligations	23.5
Commercial standby letters of credit
Guarantor Obligations [Line Items]
Guarantee obligations	12.1
Surety bonds
Guarantor Obligations [Line Items]
Guarantee obligations	$ 54.3

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Nov. 08, 2017	Oct. 31, 2017	Oct. 05, 2017	Feb. 23, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Asset recorded in Due from iHeartCommunications					$ 1,051,349,000		$ 1,051,349,000		$ 885,701,000
Fixed interest rate on Due from iHeartCommunications							6.50%
Net interest income					0	$ 0	$ 0	$ 0
Payments of special cash dividend				$ 282,500,000
Current portion of long-term debt					573,000		573,000		$ 6,971,000
Component of corporate expenses					35,333,000	28,103,000	105,213,000	86,000,000
Component of selling, general and administrative expenses					$ 128,397,000	126,164,000	$ 370,069,000	388,532,000
Subsequent Event
Related Party Transaction [Line Items]
Payments of special cash dividend		$ 25,000,000	$ 25,000,000
Senior Notes | 10% Senior Notes
Related Party Transaction [Line Items]
Stated interest rate					10.00%		10.00%
Senior Notes | 6.875% Senior Notes
Related Party Transaction [Line Items]
Stated interest rate					6.875%		6.875%
Senior Notes | Subsequent Event
Related Party Transaction [Line Items]
Period for the Company to meet its obligations as they become due in the ordinary course of business	12 months
Senior Notes | Subsequent Event | 10% Senior Notes
Related Party Transaction [Line Items]
Period for the Company to meet its obligations as they become due in the ordinary course of business	12 months
Current portion of long-term debt	$ 51,500,000
Senior Notes | Subsequent Event | 6.875% Senior Notes
Related Party Transaction [Line Items]
Current portion of long-term debt	175,000,000
Senior Notes | Subsequent Event | 14% Senior Notes Due 2021
Related Party Transaction [Line Items]
Current portion of long-term debt	$ 24,800,000
Stated interest rate	14.00%
iHeartCommunications
Related Party Transaction [Line Items]
Face amount of revolving promissory note					$ 1,000,000,000		$ 1,000,000,000
Net interest income					17,100,000	12,400,000	47,300,000	36,400,000
Revenue for advertisements							5,400,000	2,000,000
iHeartCommunications | Corporate Services Agreement
Related Party Transaction [Line Items]
Component of corporate expenses					16,700,000	7,600,000	50,300,000	26,000,000
iHeartCommunications | Employee Matters Agreement
Related Party Transaction [Line Items]
Component of selling, general and administrative expenses					2,300,000	2,300,000	7,100,000	$ 7,000,000
iHeartCommunications | Subsequent Event
Related Party Transaction [Line Items]
Amount demanded for repayment on related party note		$ 25,000,000	$ 25,000,000
iHeartMedia, Inc.
Related Party Transaction [Line Items]
Revenue for advertisements					1,700,000	$ 1,200,000
iHeartMedia, Inc. | License fee
Related Party Transaction [Line Items]
Component of corporate expenses					$ 9,200,000		$ 26,400,000
Revolving Credit Facility | Subsidiaries | Line of Credit | Subsequent Event
Related Party Transaction [Line Items]
Line of credit outstanding under receivables based credit facility	$ 365,000,000
Maximum
Related Party Transaction [Line Items]
Fixed interest rate on Due from iHeartCommunications							20.00%

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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Current tax benefit (expense)	$ (21,094)	$ (10,260)	$ (41,001)	$ (9,004)
Deferred tax benefit (expense)	4,747	13,879	28,101	(28,575)
Income tax benefit (expense)	$ (16,347)	$ 3,619	$ (12,900)	$ (37,579)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - market	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	(41.90%)	13.20%	(18.00%)	40.10%
Number of outdoor markets disposed of during the period					9

STOCKHOLDERS' EQUITY (DEFICIT34

STOCKHOLDERS' EQUITY (DEFICIT) - Schedule of Changes in Stockholders' Equity (Deficit) (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 05, 2017	Feb. 23, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning Balances						$ (930,926)	$ (567,824)
Net income (loss)				$ (55,402)	$ (23,771)	(84,544)	56,059
Dividends declared						(307,492)	(540,034)
Dividends and other payments to noncontrolling interests						(12,027)	(21,046)
Share-based compensation						7,153	8,191
Disposal of noncontrolling interest						(2,438)
Foreign currency translation adjustments						43,947	43,584
Unrealized holding loss on marketable securities				(320)	(290)	(218)	(635)
Reclassification adjustments				6,207	0	4,563	32,823
Other adjustments to comprehensive loss				0	193	0	(3,551)
Other, net						(2,188)	(729)
Ending Balances				(1,284,170)	(993,162)	(1,284,170)	(993,162)
Payments of special cash dividend			$ 282,500
The Company
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning Balances						(1,080,812)	(755,599)
Net income (loss)						(95,417)	39,897
Dividends declared						(307,492)	(540,034)
Share-based compensation						6,529	8,191
Foreign currency translation adjustments						37,952	45,230
Unrealized holding loss on marketable securities						(218)	(635)
Reclassification adjustments						4,563	32,161
Other adjustments to comprehensive loss							(3,551)
Other, net						(1,613)	(2,028)
Ending Balances				(1,436,508)	(1,176,368)	(1,436,508)	(1,176,368)
Noncontrolling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning Balances						149,886	187,775
Net income (loss)						10,873	16,162
Dividends and other payments to noncontrolling interests						(12,027)	(21,046)
Share-based compensation						624
Disposal of noncontrolling interest						(2,438)
Foreign currency translation adjustments						5,995	(1,646)
Reclassification adjustments							662
Other, net						(575)	1,299
Ending Balances				$ 152,338	$ 183,206	$ 152,338	$ 183,206
Subsequent Event
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Payments of special cash dividend	$ 25,000	$ 25,000
iHeartCommunications, Inc.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Payments of special cash dividend			$ 254,000
Percentage of dividend payment			89.90%
Public Stockholders
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Payments of special cash dividend			$ 28,500
Percentage of dividend payment			10.10%

STOCKHOLDERS' EQUITY (DEFICIT35

STOCKHOLDERS' 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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NUMERATOR:
Net income (loss) attributable to the Company – common shares	$ (61,639)	$ (31,100)	$ (95,417)	$ 39,897
DENOMINATOR:
Weighted average common shares outstanding - basic	361,302	360,454	361,064	360,202
Stock options and restricted stock (in shares)	0	0	0	1,215
Weighted average common shares outstanding - diluted	361,302	360,454	361,064	361,417
Net income (loss) attributable to the Company per common share:
Basic (in dollars per share)	$ (0.17)	$ (0.09)	$ (0.26)	$ 0.11
Diluted (in dollars per share)	$ (0.17)	$ (0.09)	$ (0.26)	$ 0.11
Outstanding equity awards not included in computation of diluted earnings per share (in shares)	8,300	8,100	8,300	5,400

OTHER INFORMATION (Details)

OTHER INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Change in deferred income tax liabilities	$ 0	$ 100,000	$ 0	$ (700,000)

SEGMENT DATA (Details)

SEGMENT DATA (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)segment	Sep. 30, 2016USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Revenue	$ 645,089	$ 669,221	$ 1,862,134	$ 1,966,321
Direct operating expenses	356,100	362,250	1,034,204	1,066,238
Selling, general and administrative expenses	128,397	126,164	370,069	388,532
Corporate expenses	35,333	28,103	105,213	86,000
Depreciation and amortization	81,096	85,780	236,880	258,149
Impairment charges	1,591	7,274	1,591	7,274
Other operating expense, net	(11,783)	1,095	28,657	226,485
Operating income (loss)	30,789	60,745	142,834	386,613
Capital expenditures	31,789	50,950	134,868	148,005
Share-based compensation expense	2,894	2,742	7,153	8,191
Operating segments | Americas
Segment Reporting Information [Line Items]
Revenue	316,587	322,997	919,967	931,058
Direct operating expenses	141,609	142,989	427,181	421,039
Selling, general and administrative expenses	54,689	54,500	165,538	167,660
Corporate expenses	0	0	0	0
Depreciation and amortization	47,035	47,242	137,689	140,883
Impairment charges	0	0	0	0
Other operating expense, net	0	0	0	0
Operating income (loss)	73,254	78,266	189,559	201,476
Capital expenditures	5,118	19,114	48,749	47,808
Share-based compensation expense	0	0	0	0
Operating segments | International
Segment Reporting Information [Line Items]
Revenue	328,502	346,224	942,167	1,035,263
Direct operating expenses	214,491	219,261	607,023	645,199
Selling, general and administrative expenses	73,708	71,664	204,531	220,872
Corporate expenses	0	0	0	0
Depreciation and amortization	32,886	37,018	95,149	113,075
Impairment charges	0	0	0	0
Other operating expense, net	0	0	0	0
Operating income (loss)	7,417	18,281	35,464	56,117
Capital expenditures	26,211	30,803	83,851	97,487
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	35,333	28,103	105,213	86,000
Depreciation and amortization	1,175	1,520	4,042	4,191
Impairment charges	1,591	7,274	1,591	7,274
Other operating expense, net	(11,783)	1,095	28,657	226,485
Operating income (loss)	(49,882)	(35,802)	(82,189)	129,020
Capital expenditures	460	1,033	2,268	2,710
Share-based compensation expense	$ 2,894	$ 2,742	$ 7,153	$ 8,191

GUARANTOR SUBSIDIARIES - Schedu

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 222,387	$ 541,995	$ 394,324	$ 412,743
Accounts receivable, net of allowance	632,963	593,070
Intercompany receivables	0	0
Prepaid expenses	131,806	111,569
Assets held for sale	0	55,602
Other current assets	62,037	39,199
Total Current Assets	1,049,193	1,341,435
Structures, net	1,152,066	1,196,676
Other property, plant and equipment, net	228,376	216,157
Indefinite-lived intangibles	977,152	960,966
Other intangibles, net	282,426	299,617
Goodwill	713,277	696,263		758,575
Due from iHeartCommunications	1,051,349	885,701
Intercompany notes receivable	0	0
Other assets	126,649	122,013
Total Assets	5,580,488	5,718,828
Accounts payable	88,022	86,870
Intercompany payable	0	0
Accrued expenses	532,247	480,872
Dividends payable		0
Deferred income	90,756	67,005
Current portion of long-term debt	573	6,971
Total Current Liabilities	711,598	641,718
Long-term debt	5,264,290	5,110,020
Intercompany notes payable	0	0
Deferred tax liability	601,887	638,705
Other long-term liabilities	286,883	259,311
Total stockholders' equity (deficit)	(1,284,170)	(930,926)	(993,162)	(567,824)
Total Liabilities and Stockholders' Equity (Deficit)	5,580,488	5,718,828
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	0	0
Accounts receivable, net of allowance	0	0
Intercompany receivables	(3,682,287)	(3,480,568)
Prepaid expenses	0	0
Assets held for sale		0
Other current assets	0	0
Total Current Assets	(3,682,287)	(3,480,568)
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	(5,125,963)	(5,069,380)
Other assets	(1,914,463)	(1,963,507)
Total Assets	(10,722,713)	(10,513,455)
Accounts payable	0	0
Intercompany payable	(3,682,287)	(3,480,568)
Accrued expenses	0	0
Dividends payable
Deferred income	0	0
Current portion of long-term debt	0	0
Total Current Liabilities	(3,682,287)	(3,480,568)
Long-term debt	0	0
Intercompany notes payable	(5,125,963)	(5,069,380)
Deferred tax liability	0	0
Other long-term liabilities	0	0
Total stockholders' equity (deficit)	(1,914,463)	(1,963,507)
Total Liabilities and Stockholders' Equity (Deficit)	(10,722,713)	(10,513,455)
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	2,359	300,285	185,066	218,701
Accounts receivable, net of allowance	0	0
Intercompany receivables	0	0
Prepaid expenses	318	1,363
Assets held for sale		0
Other current assets	23,464	0
Total Current Assets	26,141	301,648
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	1,051,349	885,701
Intercompany notes receivable	182,026	182,026
Other assets	224,750	280,435
Total Assets	1,484,266	1,649,810
Accounts payable	0	0
Intercompany payable	2,862,295	2,694,094
Accrued expenses	23,378	2,223
Dividends payable		0
Deferred income	0	0
Current portion of long-term debt	0	0
Total Current Liabilities	2,885,673	2,696,317
Long-term debt	0	0
Intercompany notes payable	0	0
Deferred tax liability	772	772
Other long-term liabilities	1,019	1,055
Total stockholders' equity (deficit)	(1,403,198)	(1,048,334)
Total Liabilities and Stockholders' Equity (Deficit)	1,484,266	1,649,810
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	726,495	687,043
Prepaid expenses	3,433	3,433
Assets held for sale		0
Other current assets	0	0
Total Current Assets	729,928	690,476
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	4,857,393	4,887,354
Other assets	431,992	418,658
Total Assets	6,019,313	5,996,488
Accounts payable	0	0
Intercompany payable	0	0
Accrued expenses	1,711	58,652
Dividends payable
Deferred income	0	0
Current portion of long-term debt	0	0
Total Current Liabilities	1,711	58,652
Long-term debt	4,892,903	4,886,318
Intercompany notes payable	74,107	5,000
Deferred tax liability	1,367	1,367
Other long-term liabilities	0	0
Total stockholders' equity (deficit)	1,049,225	1,045,151
Total Liabilities and Stockholders' Equity (Deficit)	6,019,313	5,996,488
Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	13,830	61,542	55,102	18,455
Accounts receivable, net of allowance	189,217	193,474
Intercompany receivables	2,862,295	2,694,094
Prepaid expenses	61,312	51,751
Assets held for sale		55,602
Other current assets	3,705	6,873
Total Current Assets	3,130,359	3,063,336
Structures, net	690,930	746,877
Other property, plant and equipment, net	125,704	124,138
Indefinite-lived intangibles	977,152	951,439
Other intangibles, net	252,186	259,915
Goodwill	507,819	505,478
Due from iHeartCommunications	0	0
Intercompany notes receivable	12,437	0
Other assets	1,312,735	1,320,838
Total Assets	7,009,322	6,972,021
Accounts payable	13,810	14,897
Intercompany payable	819,992	786,474
Accrued expenses	94,033	35,509
Dividends payable
Deferred income	39,874	33,471
Current portion of long-term debt	112	89
Total Current Liabilities	967,821	870,440
Long-term debt	1,850	1,711
Intercompany notes payable	5,039,418	5,027,681
Deferred tax liability	662,316	685,780
Other long-term liabilities	143,119	135,094
Total stockholders' equity (deficit)	194,798	251,315
Total Liabilities and Stockholders' Equity (Deficit)	7,009,322	6,972,021
Non-Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	206,198	180,168	$ 154,156	$ 175,587
Accounts receivable, net of allowance	443,746	399,596
Intercompany receivables	93,497	99,431
Prepaid expenses	66,743	55,022
Assets held for sale		0
Other current assets	34,868	32,326
Total Current Assets	845,052	766,543
Structures, net	461,136	449,799
Other property, plant and equipment, net	102,672	92,019
Indefinite-lived intangibles	0	9,527
Other intangibles, net	30,240	39,702
Goodwill	205,458	190,785
Due from iHeartCommunications	0	0
Intercompany notes receivable	74,107	0
Other assets	71,635	65,589
Total Assets	1,790,300	1,613,964
Accounts payable	74,212	71,973
Intercompany payable	0	0
Accrued expenses	413,125	384,488
Dividends payable
Deferred income	50,882	33,534
Current portion of long-term debt	461	6,882
Total Current Liabilities	538,680	496,877
Long-term debt	369,537	221,991
Intercompany notes payable	12,438	36,699
Deferred tax liability	(62,568)	(49,214)
Other long-term liabilities	142,745	123,162
Total stockholders' equity (deficit)	789,468	784,449
Total Liabilities and Stockholders' Equity (Deficit)	$ 1,790,300	$ 1,613,964

GUARANTOR SUBSIDIARIES - Sche39

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Statement of Income Captions [Line Items]
Revenue	$ 645,089	$ 669,221	$ 1,862,134	$ 1,966,321
Operating expenses:
Direct operating expenses	356,100	362,250	1,034,204	1,066,238
Selling, general and administrative expenses	128,397	126,164	370,069	388,532
Corporate expenses	35,333	28,103	105,213	86,000
Depreciation and amortization	81,096	85,780	236,880	258,149
Impairment charges	1,591	7,274	1,591	7,274
Other operating income (expense), net	(11,783)	1,095	28,657	226,485
Operating income (loss)	30,789	60,745	142,834	386,613
Interest (income) expense, net	95,467	93,313	282,730	281,836
Interest income on Due from iHeartCommunications	17,087	12,429	47,277	36,433
Intercompany interest income	0	0	0	0
Intercompany interest expense	0	0	0	0
Equity in earnings (loss) of nonconsolidated affiliates	(628)	(727)	(829)	(1,374)
Other income (expense), net	9,164	(6,524)	21,804	(46,198)
Income (loss) before income taxes	(39,055)	(27,390)	(71,644)	93,638
Income tax benefit (expense)	(16,347)	3,619	(12,900)	(37,579)
Consolidated net income (loss)	(55,402)	(23,771)	(84,544)	56,059
Less amount attributable to noncontrolling interest	6,237	7,329	10,873	16,162
Net income (loss) attributable to the Company	(61,639)	(31,100)	(95,417)	39,897
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	12,950	7,214	43,947	43,584
Unrealized holding gain (loss) on marketable securities	(320)	(290)	(218)	(635)
Reclassification adjustments	6,207	0	4,563	32,823
Other adjustments to comprehensive loss	0	193	0	(3,551)
Equity in subsidiary comprehensive income	0	0	0	0
Comprehensive income (loss)	(42,802)	(23,983)	(47,125)	112,118
Less amount attributable to noncontrolling interest	2,666	575	5,995	(984)
Comprehensive income (loss) attributable to the Company	(45,468)	(24,558)	(53,120)	113,102
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	(106,516)	(102,364)	(315,831)	(306,335)
Intercompany interest expense	(106,516)	(102,364)	(315,831)	(306,335)
Equity in earnings (loss) of nonconsolidated affiliates	106,102	88,768	155,000	261,857
Other income (expense), net	0	0	0	0
Income (loss) before income taxes	106,102	88,768	155,000	261,857
Income tax benefit (expense)	0	0	0	0
Consolidated net income (loss)	106,102	88,768	155,000	261,857
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	106,102	88,768	155,000	261,857
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		0	0
Other adjustments to comprehensive loss		0	0	0
Equity in subsidiary comprehensive income	(39,593)	(25,346)	(113,768)	(225,338)
Comprehensive income (loss)	66,509	63,422	41,232	36,519
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	66,509	63,422	41,232	36,519
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	3,602	3,400	10,972	9,822
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Other operating income (expense), net	(102)	(108)	(308)	(312)
Operating income (loss)	(3,704)	(3,508)	(11,280)	(10,134)
Interest (income) expense, net	(20)	(236)	(412)	(886)
Interest income on Due from iHeartCommunications	17,087	12,429	47,277	36,433
Intercompany interest income	4,090	4,034	12,236	12,102
Intercompany interest expense	17,087	12,429	47,277	36,433
Equity in earnings (loss) of nonconsolidated affiliates	(57,326)	(31,364)	(97,982)	36,614
Other income (expense), net	(7,517)	668	2,716	2,373
Income (loss) before income taxes	(64,437)	(29,934)	(93,898)	41,841
Income tax benefit (expense)	2,798	(1,166)	(1,519)	(1,944)
Consolidated net income (loss)	(61,639)	(31,100)	(95,417)	39,897
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	(61,639)	(31,100)	(95,417)	39,897
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		0	0
Other adjustments to comprehensive loss		0	0	0
Equity in subsidiary comprehensive income	16,171	6,542	42,297	73,205
Comprehensive income (loss)	(45,468)	(24,558)	(53,120)	113,102
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(45,468)	(24,558)	(53,120)	113,102
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	88,232	88,972	264,866	265,091
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	85,067	85,410	255,351	256,289
Intercompany interest expense	203	0	321	0
Equity in earnings (loss) of nonconsolidated affiliates	(15,720)	(27,115)	(16,646)	(144,270)
Other income (expense), net	0	0	0	0
Income (loss) before income taxes	(19,088)	(30,677)	(26,482)	(153,072)
Income tax benefit (expense)	(1,711)	1,168	576	3,078
Consolidated net income (loss)	(20,799)	(29,509)	(25,906)	(149,994)
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	(20,799)	(29,509)	(25,906)	(149,994)
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		0	0
Other adjustments to comprehensive loss		0	0	0
Equity in subsidiary comprehensive income	7,963	9,528	29,980	73,133
Comprehensive income (loss)	(12,836)	(19,981)	4,074	(76,861)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(12,836)	(19,981)	4,074	(76,861)
Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Revenue	288,433	287,526	832,419	833,840
Operating expenses:
Direct operating expenses	126,536	122,893	378,078	365,478
Selling, general and administrative expenses	47,994	46,946	144,183	146,347
Corporate expenses	22,658	13,929	68,592	44,997
Depreciation and amortization	45,180	45,525	132,160	134,763
Impairment charges	0	0	0	0
Other operating income (expense), net	1,876	3,319	35,526	291,168
Operating income (loss)	47,941	61,552	144,932	433,423
Interest (income) expense, net	126	(639)	(545)	557
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	17,316	12,920	48,104	37,944
Intercompany interest expense	89,200	89,444	267,727	268,391
Equity in earnings (loss) of nonconsolidated affiliates	(32,846)	(30,183)	(39,558)	(153,409)
Other income (expense), net	9,958	(907)	8,425	(1,916)
Income (loss) before income taxes	(46,957)	(45,423)	(105,279)	47,094
Income tax benefit (expense)	(10,369)	14,059	7,297	(10,480)
Consolidated net income (loss)	(57,326)	(31,364)	(97,982)	36,614
Less amount attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to the Company	(57,326)	(31,364)	(97,982)	36,614
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	712	(5,714)	806	(8,761)
Unrealized holding gain (loss) on marketable securities	0	0	0	0
Reclassification adjustments	0		0	662
Other adjustments to comprehensive loss		(2)	0	0
Equity in subsidiary comprehensive income	15,459	9,276	41,491	79,000
Comprehensive income (loss)	(41,155)	(27,804)	(55,685)	107,515
Less amount attributable to noncontrolling interest	0	(2,982)	0	(2,304)
Comprehensive income (loss) attributable to the Company	(41,155)	(24,822)	(55,685)	109,819
Non-Guarantor Subsidiaries
Condensed Statement of Income Captions [Line Items]
Revenue	356,656	381,695	1,029,715	1,132,481
Operating expenses:
Direct operating expenses	229,564	239,357	656,126	700,760
Selling, general and administrative expenses	80,403	79,218	225,886	242,185
Corporate expenses	9,073	10,774	25,649	31,181
Depreciation and amortization	35,916	40,255	104,720	123,386
Impairment charges	1,591	7,274	1,591	7,274
Other operating income (expense), net	(13,557)	(2,116)	(6,561)	(64,371)
Operating income (loss)	(13,448)	2,701	9,182	(36,676)
Interest (income) expense, net	7,129	5,216	18,821	17,074
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	43	0	140	0
Intercompany interest expense	26	491	506	1,511
Equity in earnings (loss) of nonconsolidated affiliates	(838)	(833)	(1,643)	(2,166)
Other income (expense), net	6,723	(6,285)	10,663	(46,655)
Income (loss) before income taxes	(14,675)	(10,124)	(985)	(104,082)
Income tax benefit (expense)	(7,065)	(10,442)	(19,254)	(28,233)
Consolidated net income (loss)	(21,740)	(20,566)	(20,239)	(132,315)
Less amount attributable to noncontrolling interest	6,237	7,329	10,873	16,162
Net income (loss) attributable to the Company	(27,977)	(27,895)	(31,112)	(148,477)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	12,238	12,928	43,141	52,345
Unrealized holding gain (loss) on marketable securities	(320)	(290)	(218)	(635)
Reclassification adjustments	6,207		4,563	32,161
Other adjustments to comprehensive loss		195	0	(3,551)
Equity in subsidiary comprehensive income	0	0	0	0
Comprehensive income (loss)	(9,852)	(15,062)	16,374	(68,157)
Less amount attributable to noncontrolling interest	2,666	3,557	5,995	1,320
Comprehensive income (loss) attributable to the Company	$ (12,518)	$ (18,619)	$ 10,379	$ (69,477)

GUARANTOR SUBSIDIARIES - Sche40

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Consolidated net income (loss)	$ (55,402)	$ (23,771)	$ (84,544)	$ 56,059
Reconciling items:
Impairment charges	1,591	7,274	1,591	7,274
Depreciation and amortization	81,096	85,780	236,880	258,149
Deferred taxes	(4,747)	(13,879)	(28,101)	28,575
Provision for doubtful accounts			6,328	8,444
Amortization of deferred financing charges and note discounts, net			7,996	7,907
Share-based compensation	2,894	2,742	7,153	8,191
(Gain) loss on sale of operating and fixed assets			(30,295)	(232,026)
Equity in (earnings) loss of nonconsolidated affiliates	628	727	829	1,374
Foreign exchange transaction (gain) loss			(22,266)	46,283
Other reconciling items, net			(4,930)	(968)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			(17,826)	49,690
Increase in prepaids and other current assets			(16,177)	(39,653)
Increase (decrease) in accrued expenses			(8,810)	(22,053)
Decrease in accounts payable			(4,023)	(26,548)
Increase (decrease) in accrued interest			6,031	5,057
Increase in deferred income			18,718	8,509
Changes in other operating assets and liabilities			3,515	25,893
Net cash provided by (used for) operating activities			72,069	190,157
Cash flows from investing activities:
Purchases of property, plant and equipment	(31,789)	(50,950)	(134,868)	(148,005)
Proceeds from disposal of assets			71,034	591,764
Purchases of other operating assets			(2,984)	(1,689)
Increase in intercompany notes receivable, net			0	0
Dividends from subsidiaries			0	0
Change in other, net			(20,289)	(30,349)
Net cash provided by (used for) investing activities			(87,107)	411,721
Cash flows from financing activities:
Draws on credit facilities			0
Payments on credit facilities			(909)	(1,728)
Proceeds from long-term debt			156,000	800
Payments on long-term debt			(604)	(1,976)
Net transfers to iHeartCommunications			(165,650)	161,335
Dividends and other payments to noncontrolling interests			(12,027)	(21,046)
Dividends paid			(282,658)	(755,149)
Decrease in intercompany notes payable, net			0	0
Intercompany funding			0	0
Change in other, net			(6,234)	(1,479)
Net cash provided by (used for) financing activities			(312,082)	(619,243)
Effect of exchange rate changes on cash			7,512	(1,054)
Net decrease in cash and cash equivalents			(319,608)	(18,419)
Cash and cash equivalents at beginning of period			541,995	412,743
Cash and cash equivalents at end of period	222,387	394,324	222,387	394,324
Eliminations
Cash flows from operating activities:
Consolidated net income (loss)	106,102	88,768	155,000	261,857
Reconciling items:
Impairment charges	0	0	0	0
Depreciation and amortization	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 sale of operating and fixed assets			0	0
Equity in (earnings) loss of nonconsolidated affiliates	(106,102)	(88,768)	(155,000)	(261,857)
Foreign exchange transaction (gain) loss			0	0
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	0
Increase (decrease) in accrued expenses			0	0
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			0	0
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 in intercompany notes receivable, net			50,291	(14,646)
Dividends from subsidiaries			(22,995)	(235,467)
Change in other, net			0	79
Net cash provided by (used for) investing activities			27,296	(250,034)
Cash flows from financing activities:
Draws on credit facilities			0
Payments on credit facilities			0	0
Proceeds from long-term debt			0	0
Payments on long-term debt			0	0
Net transfers to iHeartCommunications			0	0
Dividends and other payments to noncontrolling interests			0	0
Dividends paid			22,995	235,467
Decrease in intercompany notes payable, net			(50,291)	14,646
Intercompany funding			0	0
Change in other, net			0	(79)
Net cash provided by (used for) financing activities			(27,296)	250,034
Effect of exchange rate changes on cash			0	0
Net 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
Parent Company
Cash flows from operating activities:
Consolidated net income (loss)	(61,639)	(31,100)	(95,417)	39,897
Reconciling items:
Impairment charges	0	0	0	0
Depreciation and amortization	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 sale of operating and fixed assets			0	0
Equity in (earnings) loss of nonconsolidated affiliates	57,326	31,364	97,982	(36,614)
Foreign exchange transaction (gain) loss			0	0
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			1,045	(1,511)
Increase (decrease) in accrued expenses			(3,524)	213
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			86	1,985
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 in intercompany notes receivable, net			0	0
Dividends from subsidiaries			0	0
Change in other, net			(23,464)	0
Net cash provided by (used for) investing activities			(23,464)	0
Cash flows from financing activities:
Draws on credit facilities			0
Payments on credit facilities			0	0
Proceeds from long-term debt			0	0
Payments on long-term debt			0	0
Net transfers to iHeartCommunications			(165,650)	161,335
Dividends and other payments to noncontrolling interests			0	0
Dividends paid			(282,658)	(755,148)
Decrease in intercompany notes payable, net			0	0
Intercompany funding			175,186	559,473
Change in other, net			(1,426)	(1,280)
Net cash provided by (used for) financing activities			(274,548)	(35,620)
Effect of exchange rate changes on cash			0	0
Net decrease in cash and cash equivalents			(297,926)	(33,635)
Cash and cash equivalents at beginning of period			300,285	218,701
Cash and cash equivalents at end of period	2,359	185,066	2,359	185,066
Subsidiary Issuer
Cash flows from operating activities:
Consolidated net income (loss)	(20,799)	(29,509)	(25,906)	(149,994)
Reconciling items:
Impairment charges	0	0	0	0
Depreciation and amortization	0	0	0	0
Deferred taxes			0	0
Provision for doubtful accounts			0	0
Amortization of deferred financing charges and note discounts, net			6,585	6,551
Share-based compensation			0	0
(Gain) loss on sale of operating and fixed assets			0	0
Equity in (earnings) loss of nonconsolidated affiliates	15,720	27,115	16,646	144,270
Foreign exchange transaction (gain) loss			0	0
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	0
Increase (decrease) in accrued expenses			(56,942)	(461)
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			(59,617)	366
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 in intercompany notes receivable, net			29,962	14,646
Dividends from subsidiaries			0	0
Change in other, net			0	(79)
Net cash provided by (used for) investing activities			29,962	14,567
Cash flows from financing activities:
Draws on credit facilities			0
Payments on credit facilities			0	0
Proceeds from long-term debt			0	0
Payments on long-term debt			0	0
Net transfers to iHeartCommunications			0	0
Dividends and other payments to noncontrolling interests			0	0
Dividends paid			0	0
Decrease in intercompany notes payable, net			69,107	0
Intercompany funding			(39,452)	(14,933)
Change in other, net			0	0
Net cash provided by (used for) financing activities			29,655	(14,933)
Effect of exchange rate changes on cash			0	0
Net 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)	(57,326)	(31,364)	(97,982)	36,614
Reconciling items:
Impairment charges	0	0	0	0
Depreciation and amortization	45,180	45,525	132,160	134,763
Deferred taxes			(23,464)	34,051
Provision for doubtful accounts			1,508	5,239
Amortization of deferred financing charges and note discounts, net			0	0
Share-based compensation			4,859	4,414
(Gain) loss on sale of operating and fixed assets			(35,601)	(292,766)
Equity in (earnings) loss of nonconsolidated affiliates	32,846	30,183	39,558	153,409
Foreign exchange transaction (gain) loss			5	(3)
Other reconciling items, net			(4,397)	(187)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			2,749	25,166
Increase in prepaids and other current assets			(9,626)	(25,076)
Increase (decrease) in accrued expenses			60,128	(31,497)
Decrease in accounts payable			(1,086)	(4,958)
Increase (decrease) in accrued interest			(93)	(612)
Increase in deferred income			6,352	3,993
Changes in other operating assets and liabilities			477	9,735
Net cash provided by (used for) operating activities			75,547	52,285
Cash flows from investing activities:
Purchases of property, plant and equipment			(48,185)	(44,547)
Proceeds from disposal of assets			54,534	355,138
Purchases of other operating assets			(758)	(1,444)
Increase in intercompany notes receivable, net			(6,146)	0
Dividends from subsidiaries			22,995	235,467
Change in other, net			(4)	(2)
Net cash provided by (used for) investing activities			22,436	544,612
Cash flows from financing activities:
Draws on credit facilities			0
Payments on credit facilities			0	0
Proceeds from long-term debt			0	800
Payments on long-term debt			(73)	(57)
Net transfers to iHeartCommunications			0	0
Dividends and other payments to noncontrolling interests			0	2,967
Dividends paid			0	(914)
Decrease in intercompany notes payable, net			0	(3,613)
Intercompany funding			(145,622)	(559,433)
Change in other, net			0	0
Net cash provided by (used for) financing activities			(145,695)	(560,250)
Effect of exchange rate changes on cash			0	0
Net decrease in cash and cash equivalents			(47,712)	36,647
Cash and cash equivalents at beginning of period			61,542	18,455
Cash and cash equivalents at end of period	13,830	55,102	13,830	55,102
Non-Guarantor Subsidiaries
Cash flows from operating activities:
Consolidated net income (loss)	(21,740)	(20,566)	(20,239)	(132,315)
Reconciling items:
Impairment charges	1,591	7,274	1,591	7,274
Depreciation and amortization	35,916	40,255	104,720	123,386
Deferred taxes			(4,637)	(5,476)
Provision for doubtful accounts			4,820	3,205
Amortization of deferred financing charges and note discounts, net			1,411	1,356
Share-based compensation			2,294	3,777
(Gain) loss on sale of operating and fixed assets			5,306	60,740
Equity in (earnings) loss of nonconsolidated affiliates	838	833	1,643	2,166
Foreign exchange transaction (gain) loss			(22,271)	46,286
Other reconciling items, net			(533)	(781)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			(20,575)	24,524
Increase in prepaids and other current assets			(7,596)	(13,066)
Increase (decrease) in accrued expenses			(8,472)	9,692
Decrease in accounts payable			(2,937)	(21,590)
Increase (decrease) in accrued interest			6,124	5,669
Increase in deferred income			12,366	4,516
Changes in other operating assets and liabilities			3,038	16,158
Net cash provided by (used for) operating activities			56,053	135,521
Cash flows from investing activities:
Purchases of property, plant and equipment			(86,683)	(103,458)
Proceeds from disposal of assets			16,500	236,626
Purchases of other operating assets			(2,226)	(245)
Increase in intercompany notes receivable, net			(74,107)	0
Dividends from subsidiaries			0	0
Change in other, net			3,179	(30,347)
Net cash provided by (used for) investing activities			(143,337)	102,576
Cash flows from financing activities:
Draws on credit facilities			0
Payments on credit facilities			(909)	(1,728)
Proceeds from long-term debt			156,000	0
Payments on long-term debt			(531)	(1,919)
Net transfers to iHeartCommunications			0	0
Dividends and other payments to noncontrolling interests			(12,027)	(24,013)
Dividends paid			(22,995)	(234,554)
Decrease in intercompany notes payable, net			(18,816)	(11,033)
Intercompany funding			9,888	14,893
Change in other, net			(4,808)	(120)
Net cash provided by (used for) financing activities			105,802	(258,474)
Effect of exchange rate changes on cash			7,512	(1,054)
Net decrease in cash and cash equivalents			26,030	(21,431)
Cash and cash equivalents at beginning of period			180,168	175,587
Cash and cash equivalents at end of period	$ 206,198	$ 154,156	$ 206,198	$ 154,156