Clear Channel Outdoor (CCO) 10-Q 31 Jul 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 26, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
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		49,035,565
Class B Common Stock
Entity Common Stock, Shares Outstanding		315,000,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 172,310	$ 144,119
Accounts receivable, net of allowance of $22,322 in 2018 and $22,487 in 2017	638,066	659,463
Prepaid expenses	132,463	111,876
Other current assets	61,500	58,714
Total Current Assets	1,004,339	974,172
PROPERTY, PLANT AND EQUIPMENT
Structures, net	1,084,611	1,180,882
Other property, plant and equipment, net	204,130	214,147
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles	977,152	977,152
Other intangibles, net	262,816	273,862
Goodwill	708,477	714,043
OTHER ASSETS
Due from iHeartCommunications, net of allowance of $855,648 in 2018 and 2017	154,758	211,990
Other assets	124,769	124,534
Total Assets	4,521,052	4,670,782
CURRENT LIABILITIES
Accounts payable	105,369	87,960
Accrued expenses	492,720	509,801
Deferred income	100,443	59,178
Current portion of long-term debt	429	573
Total Current Liabilities	698,961	657,512
Long-term debt	5,272,099	5,266,153
Due to iHeartCommunications, post iHeart Chapter 11 Cases	3,519	0
Deferred income taxes	365,906	318,107
Other long-term liabilities	259,519	287,304
Commitments and Contingent liabilities (Note 5)
STOCKHOLDERS’ DEFICIT
Noncontrolling interest	151,956	157,040
Preferred stock, par value $.01 per share, 150,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	3,081,242	3,108,148
Accumulated deficit	(4,961,485)	(4,781,245)
Accumulated other comprehensive loss	(347,814)	(340,094)
Cost of shares (1,094,485 in 2018 and 946,415 in 2017) held in treasury	(6,502)	(5,793)
Total Stockholders’ Deficit	(2,078,952)	(1,858,294)
Total Liabilities and Stockholders' Equity (Deficit)	4,521,052	4,670,782
Class A common stock
STOCKHOLDERS’ DEFICIT
Common stock issued	501	500
Class B common stock
STOCKHOLDERS’ DEFICIT
Common stock issued	$ 3,150	$ 3,150

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowances for receivables	$ 22,322	$ 22,487
Allowance for related party receivable	$ 855,648	$ 855,648
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)	1,094,485	946,415
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)	50,130,050	49,955,300
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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenue	$ 711,980	$ 672,319	$ 1,310,691	$ 1,217,045
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	372,936	352,748	734,538	682,406
Selling, general and administrative expenses (excludes depreciation and amortization)	125,289	125,898	252,697	241,672
Corporate expenses (excludes depreciation and amortization)	37,928	35,340	73,363	69,880
Depreciation and amortization	82,767	78,290	166,827	155,784
Other operating income, net	929	7,829	875	40,440
Operating income	93,989	87,872	84,141	107,743
Interest expense	96,987	94,630	194,251	187,263
Interest income on Due to/from iHeartCommunications, net	210	15,383	210	30,190
Equity in earnings (loss) of nonconsolidated affiliates	(6)	271	182	(201)
Other income (expense), net	(35,396)	8,773	(15,943)	12,640
Income (loss) before income taxes	(38,190)	17,669	(125,661)	(36,891)
Income tax benefit (expense)	(4,753)	(18,390)	(50,120)	3,447
Consolidated net loss	(42,943)	(721)	(175,781)	(33,444)
Less amount attributable to noncontrolling interest	7,440	6,631	3,024	4,636
Net loss attributable to the Company	(50,383)	(7,352)	(178,805)	(38,080)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(18,620)	20,687	(11,838)	30,264
Unrealized holding gain on marketable securities	0	159	0	102
Reclassification adjustments	0	0	0	(1,644)
Other comprehensive income (loss)	(18,620)	20,846	(11,838)	28,722
Comprehensive income (loss)	(69,003)	13,494	(190,643)	(9,358)
Less amount attributable to noncontrolling interest	(7,919)	5,852	(2,683)	3,329
Comprehensive income (loss) attributable to the Company	$ (61,084)	$ 7,642	$ (187,960)	$ (12,687)
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.11)
Weighted average common shares outstanding – Basic	361,708	361,131	361,612	360,944
Diluted (in dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.11)
Weighted average common shares outstanding – Diluted	361,708	361,131	361,612	360,944
Dividends declared per share (in dollars per share)	$ 0	$ 0	$ 0.08	$ 0.78
Dividends paid per share (in dollars per share)	$ 0	$ 0	$ 0.08	$ 0.78

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Consolidated net loss	$ (175,781)	$ (33,444)
Reconciling items:
Depreciation and amortization	166,827	155,784
Deferred taxes	46,501	(23,354)
Provision for doubtful accounts	3,317	4,072
Amortization of deferred financing charges and note discounts, net	5,293	5,368
Share-based compensation	3,625	4,259
Gain on disposal of operating and other assets	(1,115)	(41,597)
Equity in (earnings) loss of nonconsolidated affiliates	(182)	201
Foreign exchange transaction (gain) loss	14,535	(12,709)
Other reconciling items, net	(916)	(3,368)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	7,842	(22,118)
Increase in prepaid expenses and other current assets	(25,223)	(15,379)
Decrease in accrued expenses	(30,788)	(58,153)
Increase (decrease) in accounts payable	19,459	(16,141)
Increase (decrease) in accrued interest	488	(61)
Increase in deferred income	42,791	30,563
Changes in other operating assets and liabilities	(10,805)	6,993
Net cash provided by (used for) operating activities	65,868	(19,084)
Cash flows from investing activities:
Purchases of property, plant and equipment	(61,315)	(103,079)
Proceeds from disposal of assets	3,040	59,735
Purchases of other operating assets	(35)	(1,711)
Change in other, net	47	(214)
Net cash used for investing activities	(58,263)	(45,269)
Cash flows from financing activities:
Payments on credit facilities	0	(761)
Payments on long-term debt	(316)	(348)
Net transfers from (to) iHeartCommunications	60,751	(43,109)
Dividends and other payments from (to) noncontrolling interests	(211)	182
Dividends paid	(30,624)	(282,055)
Change in other, net	(2,000)	(1,012)
Net cash provided by (used for) financing activities	27,600	(323,978)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(4,319)	6,246
Net increase (decrease) in cash, cash equivalents and restricted cash	30,886	(382,085)
Cash, cash equivalents and restricted cash at beginning of period	188,310	563,149
Cash, cash equivalents and restricted cash at end of period	219,196	181,064
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	187,302	183,415
Cash paid for income taxes	$ 20,144	$ 23,681

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
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 2017 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. The Company re-evaluated its segment reporting and determined that its Latin American operations should be managed by its International leadership team. As a result, beginning on January 1, 2018, the operations of Latin America are no longer reflected within the Company’s Americas segment and are included in the results of its International segment. Accordingly, the Company has recast the corresponding segment disclosures for prior periods to include Latin America within the International segment. Corrections to Prior Periods During the three months ended June 30, 2018, the Company identified misstatements associated with VAT obligations in its International segment, which resulted in an understatement of the Company's VAT obligation. Based on an analysis of the quantitative and qualitative factors in accordance with SEC Staff Bulletins ("SAB") 99, Materiality, SAB 108, Considering the Effects of Prior year Misstatements when Quantifying Misstatements in the Current Year Financial Statements and Accounting Standards Codification 250, Accounting Changes and Error Corrections , the Company concluded that these misstatements were immaterial, individually and in the aggregate, to any of the Company's prior quarterly and annual financial statements previously filed in the Company's Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. As a result, amendment of such reports is not required. While the Company concluded that the misstatements were immaterial to each of the prior reporting periods affected, the Company further concluded that correcting the errors cumulatively would materially misstate the Consolidated Statements of Comprehensive Loss for the three and six months ended June 30, 2018 . Accordingly, the Company is correcting the VAT misstatements, as well as other previously identified immaterial errors, by revising the Consolidated Balance Sheet as of December 31, 2017 and 2016 and the Consolidated Statements of Comprehensive Loss and the Consolidated Statements of Cash Flows for the years ended December 31, 2017, 2016 and 2015 and for the three months ended March 31, 2018. The corrections had no impact on cash flows from operating, investing or financing activities for the previous periods being presented. A summary of the effect of the correction on the Consolidated Balance Sheet as of December 31, 2017 is as follows: December 31, 2017 (In thousands) As Reported Correction Revised Other long-term liabilities $ 270,415 $ 16,889 $ 287,304 Accumulated deficit (4,765,514 ) (15,731 ) (4,781,245 ) Accumulated other comprehensive loss (338,936 ) (1,158 ) (340,094 ) Total Stockholders' Deficit (1,841,405 ) (16,889 ) (1,858,294 ) A summary of the effect of the correction on the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2017 is as follows: Three Months Ended June 30, 2017 (In thousands) As Reported Correction Revised Direct operating expenses (excludes depreciation and amortization) $ 350,173 $ 2,575 $ 352,748 Operating income 90,447 (2,575 ) 87,872 Income before income taxes 20,244 (2,575 ) 17,669 Consolidated income (loss) 1,854 (2,575 ) (721 ) Net loss attributable to the Company (4,777 ) (2,575 ) (7,352 ) Foreign currency translation adjustments 21,344 (657 ) 20,687 Other comprehensive income 21,503 (657 ) 20,846 Comprehensive income 16,726 (3,232 ) 13,494 Comprehensive income attributable to the Company 10,874 (3,232 ) 7,642 Basic loss per share (0.01 ) (0.01 ) (0.02 ) Diluted loss per share (0.01 ) (0.01 ) (0.02 ) Six Months Ended June 30, 2017 (In thousands) As Reported Correction Revised Direct operating expenses (excludes depreciation and amortization) $ 678,104 $ 4,302 $ 682,406 Operating income 112,045 (4,302 ) 107,743 Loss before income taxes (32,589 ) (4,302 ) (36,891 ) Consolidated net loss (29,142 ) (4,302 ) (33,444 ) Net loss attributable to the Company (33,778 ) (4,302 ) (38,080 ) Foreign currency translation adjustments 30,997 (733 ) 30,264 Other comprehensive income 29,455 (733 ) 28,722 Comprehensive loss (4,323 ) (5,035 ) (9,358 ) Comprehensive loss attributable to the Company (7,652 ) (5,035 ) (12,687 ) Basic loss per share (0.09 ) (0.02 ) (0.11 ) Diluted loss per share (0.09 ) (0.02 ) (0.11 ) New Accounting Pronouncements Recently Adopted Revenue from Contracts with Customers As of January 1, 2018, the Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers . This standard provides guidance for the recognition, measurement and disclosure of revenue from contracts with customers and supersedes previous revenue recognition guidance under U.S. GAAP. The Company has applied this standard using the full retrospective method and concluded that its adoption did not have a material impact on the Company’s Consolidated Balance Sheets, Consolidated Statements of Comprehensive Income (Loss), or Consolidated Statements of Cash Flows for prior periods. Please refer to Note 2, Revenues, for more information. As a result of adopting this new accounting standard, the Company has updated its significant accounting policies for accounts receivable and revenue recognition, as follows: Accounts Receivable Accounts receivable are recorded when the Company has an unconditional right to payment, either because it has satisfied a performance obligation prior to receiving payment from the customer or has a non-cancelable contract that has been billed in advance in accordance with the Company’s normal billing terms. Accounts receivable are recorded at the invoiced amount, net of allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, it records a specific reserve to reduce the amounts recorded to what it believes will be collected. For all other customers, it recognizes reserves for bad debt based on historical experience of bad debts as a percent of revenue for each business unit, adjusted for relative improvements or deteriorations in the agings and changes in current economic conditions. The Company believes its concentration of credit risk is limited due to the large number and the geographic diversification of its customers. Revenue Recognition The Company recognizes revenue in amounts that reflect the consideration it expects to receive in exchange for transferring goods or services to customers, excluding sales taxes and other similar taxes collected on behalf of governmental authorities (the “transaction price”). When this consideration includes a variable amount, the Company estimates the amount of consideration it expects to receive and only recognizes revenue to the extent that it is probable it will not be reversed in a future reporting period. For revenue arrangements that contain multiple distinct goods or services, the Company allocates the transaction price to these performance obligations in proportion to their relative standalone selling prices. The Company recognizes revenue when or as it satisfies a performance obligation by transferring a promised good or service to a customer. Revenue from the Company’s contracts, which typically cover periods of a few weeks to one year , are generally recognized ratably over the term of the contract as the advertisement is displayed and the performance obligation is satisfied. Advertising revenue is reported net of agency commissions. The Company receives payments from customers based on billing schedules that are established in its contracts, which are generally billed monthly. Americas is generally billed in advance, and International includes a combination of advance billings and billings upon completion of service. Deferred income is recorded when payment is received from a customer before the Company has satisfied the performance obligation or a non-cancelable contract has been billed in advance in accordance with the Company’s normal billing terms. Trade and barter transactions represent the exchange of display space for merchandise, services or other assets in the ordinary course of business. The transaction price for these contracts is determined as the estimated fair value of the non-cash consideration received unless this is not reasonably estimable, in which case the consideration is measured based on the standalone selling price of the display space promised to the customer. Revenue is recognized on trade and barter transactions when the advertisements are displayed, and expenses are recorded ratably over a period that estimates when the merchandise, services or other assets received are utilized, or when the event occurs. Trade and barter revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively. Trade and barter revenues and expenses from continuing operations were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2018 2017 2018 2017 Consolidated: Trade and barter revenues $ 4,326 $ 4,839 $ 7,772 $ 9,164 Trade and barter expenses 2,708 1,977 6,451 5,474 The Company applies a practical expedient to recognize incremental costs of obtaining a contract as expense when incurred if the period of benefit is one year or less. These costs primarily relate to sales commissions, which are included in selling, general and administrative expenses and are generally commensurate with sales. There were no capitalized costs to obtain contracts during the periods presented. Refer to Note 2, Revenues, for more information about the Company’s revenue for the three and six months ended June 30, 2018 and 2017 . Restricted Cash In November 2016, the FASB issued ASU 2016-18, Restricted Cash , which requires that restricted cash be presented with cash and cash equivalents in the statement of cash flows. Restricted cash is recorded in Other current assets and in Other assets in the Company's Consolidated Balance Sheets. The Company adopted ASU 2016-18 in the first quarter of 2018 using the retrospective transition method, and accordingly, revised prior period amounts as shown in the Company's Consolidated Statements of Cash Flows. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheet to the total of the amounts reported in the Consolidated Statement of Cash Flows: (In thousands) June 30, December 31, 2017 Cash and cash equivalents $ 172,310 $ 144,119 Restricted cash included in: Other current assets 30,334 26,096 Other assets 16,552 18,095 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 219,196 $ 188,310 Stock Compensation 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 a stock-based 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 adopted the provisions of ASU 2017-09 on January 1, 2018 and the adoption of ASU 2017-09 did not have an impact on our consolidated financial statements. New Accounting Pronouncements Not Yet Adopted 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 adopted this year. 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.

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES The Company generates revenue primarily from the sale of advertising space on printed and digital displays, including billboards, street furniture displays, transit displays and retail displays. Certain of these revenue transactions are considered leases, for accounting purposes, as the agreements convey to customers the right to use the Company’s advertising structures for a stated period of time. In order for a transaction with a customer to qualify as a lease, the arrangement must be dependent on the use of a specified advertising structure, and the customer must have almost exclusive use of that structure during the term of the arrangement. Therefore, arrangements that do not involve the use of an advertising structure, where the Company can substitute the advertising structure that is used to display the customer’s advertisement, or where the advertising structure displays advertisements for multiple customers throughout the day are not leases. The Company accounts for revenue from leases, which are all classified as operating leases, in accordance with the lease accounting guidance ( Topic 840 ). All of the Company’s revenue transactions that do not qualify as a lease are accounted for as revenue from contracts with customers ( Topic 606 ). Disaggregation of Revenue The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region, revenue from leases and total revenue for the three and six months ended June 30, 2018 and 2017 : (In thousands) Americas (1) International (1) Consolidated Three Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 115,488 $ — $ 115,488 Other Americas 634 17,864 18,498 Europe — 225,538 225,538 Asia-Pacific and other — 5,643 5,643 Eliminations — 71 71 Total 116,122 249,116 365,238 Revenue from leases 183,800 162,942 346,742 Revenue, total $ 299,922 $ 412,058 $ 711,980 Three Months Ended June 30, 2017 Revenue from contracts with customers: United States $ 108,520 $ — $ 108,520 Other Americas 4,260 19,165 23,425 Europe — 198,313 198,313 Asia-Pacific and other 406 4,825 5,231 Eliminations — 40 40 Total 113,186 222,343 335,529 Revenue from leases 187,005 149,785 336,790 Revenue, total $ 300,191 $ 372,128 $ 672,319 Six Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 211,635 $ — $ 211,635 Other Americas 1,284 34,656 35,940 Europe — 413,919 413,919 Asia-Pacific and other — 12,151 12,151 Eliminations — — — Total 212,919 460,726 673,645 Revenue from leases 342,850 294,196 637,046 Revenue, total $ 555,769 $ 754,922 $ 1,310,691 Six Months Ended June 30, 2017 Revenue from contracts with customers: United States $ 202,182 $ — $ 202,182 Other Americas 7,791 32,622 40,413 Europe — 352,917 352,917 Asia-Pacific and other 406 10,281 10,687 Eliminations — — — Total 210,379 395,820 606,199 Revenue from leases 350,158 260,688 610,846 Revenue, total $ 560,537 $ 656,508 $ 1,217,045 (1) Due to a re-evaluation of the Company’s internal segment reporting in 2018 , its operations in Latin America are included in the International segment results for all periods presented. See Note 1, Basis of Presentation . All of the Company’s advertising structures are used to generate revenue. Such revenue may be classified as revenue from contracts with customers or revenue from leases depending on the terms of the contract, as previously described. Revenue from Contracts with Customers The following tables present the changes in the Company’s contract balances from contracts with customers for the three and six months ended June 30, 2018 and 2017 and provide a reconciliation of the ending balances to the Consolidated Balance Sheets: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2018 2017 2018 2017 Accounts receivable from contracts with customers: Beginning balance, net of allowance $ 310,264 $ 271,993 $ 351,228 $ 300,216 Additions (collections), net 17,631 49,771 (22,692 ) 21,766 Bad debt, net of recoveries (946 ) (665 ) (1,587 ) (883 ) Ending balance, net of allowance 326,949 321,099 326,949 321,099 Accounts receivable from leases, net of allowance 311,117 312,584 311,117 312,584 Total accounts receivable, net of allowance $ 638,066 $ 633,683 $ 638,066 $ 633,683 Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2018 2017 2018 2017 Deferred income from contracts with customers: Beginning balance $ 45,004 $ 48,849 $ 28,211 $ 28,681 Revenue recognized, included in beginning balance (28,898 ) (34,503 ) (23,095 ) (24,569 ) Additions, net of revenue recognized during period 29,387 30,398 40,377 40,632 Ending balance 45,493 44,744 45,493 44,744 Deferred income from leases 59,916 62,048 59,916 62,048 Total deferred income 105,409 106,792 105,409 106,792 Less: Non-current portion, included in other long-term liabilities 4,966 4,888 4,966 4,888 Total deferred income, current portion $ 100,443 $ 101,904 $ 100,443 $ 101,904 The increases in deferred income from contracts with customers during the six months ended June 30, 2018 and 2017 were largely due to the issuance of annual invoices for non-cancelable contracts in some of the Company's International entities and the timing of the Company's billing cycle. The Company’s contracts with customers generally have a term of one year or less; however, as of June 30, 2018 , the Company expects to recognize $66.9 million of revenue in future periods for remaining performance obligations from current contracts with customers that have an original expected duration of greater than one year, with substantially all of this amount to be recognized over the next five years. As part of the transition to the new revenue standard, the Company is not required to disclose information about remaining performance obligations for periods prior to the date of initial application. Revenue from Leases As of December 31, 2017 , the Company’s future minimum rentals under non-cancelable operating leases were as follows: (In thousands) 2018 $ 277,462 2019 34,395 2020 17,155 2021 12,004 2022 8,552 Thereafter 7,197 Total minimum future rentals $ 356,765

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets as of June 30, 2018 and December 31, 2017 , respectively: (In thousands) June 30, December 31, Land, buildings and improvements $ 145,191 $ 145,763 Structures 2,821,508 2,864,442 Furniture and other equipment 191,211 179,215 Construction in progress 45,930 55,753 3,203,840 3,245,173 Less: accumulated depreciation 1,915,099 1,850,144 Property, plant and equipment, net $ 1,288,741 $ 1,395,029 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. Accordingly, there are no indefinite-lived intangible assets in the International segment. 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 June 30, 2018 and December 31, 2017 , respectively: (In thousands) June 30, 2018 December 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor contractual rights $ 538,778 $ (440,758 ) $ 548,918 $ (440,284 ) Permanent easements 162,920 — 162,920 — Other 6,083 (4,207 ) 4,626 (2,318 ) Total $ 707,781 $ (444,965 ) $ 716,464 $ (442,602 ) Total amortization expense related to definite-lived intangible assets for the three months ended June 30, 2018 and 2017 was $5.2 million and $7.1 million , respectively. Total amortization expense related to definite-lived intangible assets for the six months ended June 30, 2018 and 2017 was $10.3 million and $14.1 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) 2019 $ 15,143 2020 $ 12,794 2021 $ 12,656 2022 $ 10,786 2023 $ 6,392 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, 2016 $ 505,478 $ 190,785 $ 696,263 Acquisitions 2,252 — 2,252 Impairment — (1,591 ) (1,591 ) Dispositions — (1,817 ) (1,817 ) Foreign currency — 18,847 18,847 Assets held for sale 89 — 89 Balance as of December 31, 2017 $ 507,819 $ 206,224 $ 714,043 Foreign currency — (5,566 ) (5,566 ) Balance as of June 30, 2018 $ 507,819 $ 200,658 $ 708,477

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of June 30, 2018 and December 31, 2017 consisted of the following: (In thousands) June 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 Receivables Based Credit Facility Due 2023 (1) — — Clear Channel International B.V. Senior Notes Due 2020 375,000 375,000 Other debt 4,201 2,393 Original issue discount (485 ) (241 ) Long-term debt fees (31,188 ) (35,426 ) Total debt $ 5,272,528 $ 5,266,726 Less: current portion 429 573 Total long-term debt $ 5,272,099 $ 5,266,153 (1) On June 1, 2018 (the “Closing Date”), Clear Channel Outdoor, Inc. (“CCO”), a subsidiary of the Company, refinanced the Company's senior revolving credit facility with an asset based credit facility that provides for revolving credit commitments of up to $75.0 million . On June 29, 2018, CCO entered into an amendment providing for a $50.0 million incremental increase of the facility, bringing the aggregate revolving credit commitments to $125.0 million . The facility has a five -year term, maturing in 2023. As of June 30, 2018 , the facility had $60.7 million of letters of credit outstanding and a borrowing base of $112.2 million , resulting in $51.5 million of excess availability. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $5.4 billion and $5.3 billion as of June 30, 2018 and December 31, 2017 , 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. Receivables Based Credit Facility Due 2023 On June 1, 2018, CCO, a subsidiary of the Company, entered into a Credit Agreement (the “Credit Agreement”), as parent borrower, with certain of its subsidiaries named therein, as subsidiary borrowers (the “Subsidiary Borrowers”), Deutsche Bank AG New York Branch, as administrative agent (the “Administrative Agent”) and swing line lender, and the other lenders from time to time party thereto. The Credit Agreement governs CCO’s new asset-based revolving credit facility and replaced the Company's prior credit agreement, dated as of August 22, 2013 (the “Prior Credit Agreement”), which was terminated on the Closing Date. Size and Availability The Credit Agreement provides for an asset-based revolving credit facility, with amounts available from time to time (including in respect of letters of credit) equal to the lesser of (i) the borrowing base, which equals 85.0% of the eligible accounts receivable of CCO and the subsidiary borrowers, subject to customary eligibility criteria minus any reserves, and (ii) the aggregate revolving credit commitments. As of the Closing Date, the aggregate revolving credit commitments were $75.0 million . On June 29, 2018, CCO entered into an amendment providing for a $50.0 million incremental increase of the facility, bringing the aggregate revolving credit commitments to $125.0 million . On the Closing Date, the revolving credit facility was used to replace and terminate the commitments under the Prior Credit Agreement and to replace the letters of credit outstanding under the Prior Credit Agreement. Interest Rate and Fees Borrowings under the Credit Agreement bear interest at a rate per annum equal to the Applicable Rate plus, at CCO’s option, either (1) a base rate determined by reference to the highest of (a) the Federal Funds Rate plus 0.50% , (b) the rate of interest in effect for such date as publicly announced from time to time by the Administrative Agent as its “prime rate” and (c) the Eurocurrency rate that would be calculated as of such day in respect of a proposed Eurocurrency rate loan with a one-month interest period plus 1.00% , or (2) a Eurocurrency rate that is equal to the LIBOR rate as published by Reuters two business days prior to the commencement of the interest period. The Applicable Rate for borrowings under the Credit Agreement is 1.00% with respect to base rate loans and 2.00% with respect to Eurocurrency loans. In addition to paying interest on outstanding principal under the Credit Agreement, CCO is required to pay a commitment fee of 0.375% per annum to the lenders under the Credit Agreement in respect of the unutilized revolving commitments thereunder. CCO must also pay a letter of credit fee for each issued letter of credit equal to 2.00% per annum times the daily maximum amount then available to be drawn under such letter of credit. Maturity Borrowings under the Credit Agreement will mature, and lending commitments thereunder will terminate, on the earlier of (a) June 1, 2023 and (b) 90 days prior to the maturity date of any indebtedness of CCOH or any of its direct or indirect subsidiaries in an aggregate principal amount outstanding in excess of $250,000,000 (other than the 8.75% senior notes due 2020 issued by Clear Channel International, B.V.). Prepayments If at any time, the outstanding amount under the revolving credit facility exceeds the lesser of (i) the aggregate amount committed by the revolving credit lenders and (ii) the borrowing base, CCO will be required to prepay first, any protective advances and second, any outstanding revolving loans and swing line loans and/or cash collateralize letters of credit in an aggregate amount equal to such excess, as applicable. Subject to customary exceptions and restrictions, CCO may voluntarily repay outstanding amounts under the Credit Agreement at any time without premium or penalty. Any voluntary prepayments CCO makes will not reduce commitments under the Credit Agreement. Guarantees and Security The facility is guaranteed by the Subsidiary Borrowers. All obligations under the Credit Agreement, and the guarantees of those obligations, are secured by a perfected security interest in all of CCO’s and the Subsidiary Borrowers’ accounts receivable and related assets and proceeds thereof. Certain Covenants and Events of Default If borrowing availability is less than the greater of (a) $7.5 million and (b) 10.0% of the lesser of (i) the aggregate commitments at such time and (ii) the borrowing base then in effect at such time (the “Financial Covenant Triggering Event”), CCO will be required to comply with a minimum fixed charge coverage ratio of at least 1.00 to 1.00 for the most recent period of four consecutive fiscal quarters ended prior to the occurrence of the Financial Covenant Triggering Event, and will be required to continue to comply with this minimum fixed charge coverage ratio until borrowing availability exceeds the greater of (x) $7.5 million and (y) 10.0% of the lesser of (i) the aggregate commitments at such time and (ii) the borrowing base then in effect at such time, at which time the Financial Covenant Triggering Event will no longer be deemed to be occurring. The Credit Agreement also includes negative covenants that, subject to significant exceptions, limit the Borrowers’ ability and the ability of their restricted subsidiaries to, among other things: • incur additional indebtedness; • create liens on assets; • engage in mergers, consolidations, liquidations and dissolutions; • sell assets; • pay dividends and distributions or repurchase capital stock; • make investments, loans, or advances; • prepay certain junior indebtedness; • engage in certain transactions with affiliates or; • change lines of business. The Credit Agreement includes certain customary representations and warranties, affirmative covenants and events of default, including payment defaults, breach of representations and warranties, covenant defaults, cross-defaults to certain indebtedness, certain events of bankruptcy, material judgments and a change of control. If an event of default occurs, the lenders under the Credit Agreement will be entitled to take various actions, including the acceleration of all amounts due under the Credit Agreement and all actions permitted to be taken by a secured creditor. Surety Bonds, Letters of Credit and Guarantees As of June 30, 2018 , the Company had $39.9 million , $85.9 million and $38.5 million in surety bonds, letters of credit and bank guarantees outstanding, respectively. A portion of the outstanding bank guarantees and letters of credit were supported by $17.6 million and $26.0 million of cash collateral, respectively. Additionally, as of June 30, 2018 , iHeartCommunications had outstanding commercial standby letters of credit and surety bonds of $1.2 million and $13.9 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	6 Months Ended
	Jun. 30, 2018
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. 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 named 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 was named as a nominal defendant. The complaint alleged that the Company had 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 alleged that the defendants 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 alleged that iHeartMedia, iHeartCommunications and the Sponsor Defendants aided and abetted the directors’ breaches of their fiduciary duties. The complaint further alleged 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 sought, 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. On December 29, 2017, another stockholder of the Company filed a derivative lawsuit in the Court of Chancery of the State of Delaware, captioned Norfolk County Retirement System, v. iHeartMedia, Inc., et al., C.A. No. 2017-0930-JRS. The complaint names as defendants iHeartMedia, iHeartCommunications, the Sponsor Defendants, and the members of the Company's board of directors. The Company is named as a nominal defendant. The complaint alleges that the Company has been harmed by the Company Board’s November 2017 decision to extend the maturity date of the intercompany revolving note (the “Third Amendment”) at what the complaint describes as far-below-market interest rates. Specifically, the complaint alleges that (i) iHeartMedia and Sponsor defendants breached their fiduciary duties by exploiting their position of control to require the Company to enter the Third Amendment on terms unfair to the Company; (ii) the Company Board breached their duty of loyalty by approving the Third Amendment and elevating the interests of iHeartMedia, iHeartCommunications and the Sponsor Defendants over the interests of the Company and its minority unaffiliated stockholders; and (iii) the terms of the Third Amendment could not have been agreed to in good faith and represent a waste of corporate assets by the Company Board. The complaint further alleges that iHeartMedia, iHeartCommunications and the Sponsor defendants were unjustly enriched as a result of the unfairly favorable terms of the Third Amendment. The plaintiff is seeking, among other things, a ruling that the defendants breached their fiduciary duties to the Company, a modification of the Third Amendment to bear a commercially reasonable rate of interest, and an order requiring disgorgement of all profits, benefits and other compensation obtained by defendants as a result of the alleged breaches of fiduciary duties. On March 7, 2018, the defendants filed a motion to dismiss plaintiff's verified derivative complaint for failure to state a claim upon which relief can be granted. On March 16, 2018, iHeartMedia filed a Notice of Suggestion of Pendency of Bankruptcy and Automatic Stay of Proceedings. On May 4, 2018, plaintiff filed its response to the motion to dismiss. On June 26, 2018, the defendants filed a reply brief in further support of their motion to dismiss. Oral argument on the motion to dismiss is scheduled for September 20, 2018. China Investigation Several employees of Clear Media Limited, an indirect, non-wholly-owned subsidiary of the Company whose ordinary shares are listed, but are currently suspended from trading on, the Hong Kong Stock Exchange, are subject to an ongoing police investigation in China for misappropriation of funds. The police investigation is on-going, and the Company is not aware of any litigation, claim or assessment pending against the Company. Based on information known to date, the Company believes any contingent liabilities arising from potential misconduct that has been or may be identified by the investigations are not material to the Company's consolidated financial statements. The Company advised both the United States Securities and Exchange Commission and the United States Department of Justice of the investigation at Clear Media Limited and is cooperating to provide information in response to inquiries from the agencies. The Clear Media Limited investigation could implicate the books and records, internal controls and anti-bribery provisions of the U.S. Foreign Corrupt Practices Act, which statute and regulations provide for potential monetary penalties as well as criminal and civil sanctions. It is possible that monetary penalties and other sanctions could be assessed on the Company in connection with this matter. The nature and amount of any monetary penalty or other sanctions cannot reasonably be estimated at this time. Italy Investigation As described in Note 1 to these consolidated financial statements, during the three months ended June 30, 2018, the Company identified misstatements associated with VAT obligations related to its subsidiary in Italy. Upon identification of these misstatements, the Company undertook certain procedures, including a forensic investigation, which is ongoing. In addition, the Company voluntarily disclosed the matter and preliminary findings to the Italian tax authorities in order to commence a discussion on the appropriate calculation of the VAT position. The current expectation is that the Company may have to repay to the Italian tax authority a substantial portion of the VAT previously applied as a credit, amounting to approximately $17 million , including estimated possible penalties and interest. The discussion with the tax authorities is at an early stage and therefore the ultimate amount that will be paid to the tax authorities in Italy is unknown. The ultimate amount to be paid may differ from the Company’s estimates, and such differences may be material.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Due from iHeartCommunications The Company records net amounts due from iHeartCommunications arising prior to the iHeart Chapter 11 Cases, described below, as “Due from iHeartCommunications” on the consolidated balance sheets. The amounts 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 amounts accrue interest pursuant to the terms of the promissory notes and are generally payable on demand or when they mature on May 15, 2019. Included in the amounts 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 and 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 June 30, 2018 and December 31, 2017 , the asset recorded in “Due from iHeartCommunications” on the consolidated balance sheet was $154.8 million and $212.0 million , respectively. On March 14, 2018, iHeartMedia, iHeartCommunications and certain of iHeartMedia's direct and indirect domestic subsidiaries, not including the Company or any of its subsidiaries (collectively, the "Debtors"), filed voluntary petitions for relief (the "iHeart Chapter 11 Cases") under Chapter 11 of the United States Bankruptcy Code, in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court"). As an unsecured creditor of iHeartCommunications, the Company does not expect that the Company will be able to recover all of the amounts owed under the Due from iHeartCommunications Note upon the implementation of any plan of reorganization that is ultimately accepted by the requisite creditors and approved by the Bankruptcy Court. As a result, the Company recognized a loss of $855.6 million on the Due from iHeartCommunications Note during the fourth quarter of 2017 to reflect the estimated recoverable amount of the note as of December 31, 2017, based on management's best estimate of the cash settlement amount. In addition, starting January 1, 2018 the Company ceased recording interest income on the balance due from iHeartCommunications as the collectability of the interest was not considered probable. As a result of the $855.6 million allowance on the Due from iHeartCommunications Note recognized during the fourth quarter of 2017 and the $21.3 million reserve recognized in relation to interest incurred during the pre-petition period in the three months ended March 31, 2018, the outstanding principal amount of $1,031.7 million was reduced to $154.8 million as of June 30, 2018 . The final settlement amount of the Due from iHeartCommunications Note is expected to be negotiated as part of iHeartCommunications' bankruptcy proceedings. The final settlement amount may differ from the estimated recoverable amount of $154.8 million . The terms of the Due from iHeartCommunications 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 June 30, 2018 , 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 9.3% . The interest rate applied to the remaining balance was 20.0% . As noted above, no interest income was recorded on the pre-petition Due from iHeartCommunications Note during the three and six months ended June 30, 2018 . The Company recognized interest income of $15.4 million and $30.2 million in the three and six months ended June 30, 2017 , respectively. Pursuant to a final order entered by the Bankruptcy Court, as of March 14, 2018, the actual pre-bankruptcy balance of the Due from iHeartCommunications Note is frozen, and following March 14, 2018, intercompany allocations that would have been reflected in adjustments to the balance of the Due from iHeartCommunications Note are instead reflected in a new intercompany balance that accrues interest at a rate equal to the interest under the Due from iHeartCommunications Note. The $3.5 million owed by the Company to iHeartCommunications as of June 30, 2018 is reflected as "Due to iHeartCommunications, post iHeart Chapter 11 Cases" on the Company's Consolidated Balance Sheet. If the Company does not recognize the expected recovery under the Due from iHeartCommunications Note, or cannot obtain that amount on a timely basis, the Company could experience a liquidity shortfall. In addition, any repayments that the Company received on the Due from iHeartCommunications Note during the one-year preference period prior to the filing of the iHeart Chapter 11 Cases may potentially be avoidable as a preference and subject to recovery by the iHeartCommunications bankruptcy estate, which could further exacerbate any liquidity shortfall. Other Related Party Transactions The Company provides advertising space on its billboards for iHeartMedia, Inc. and for radio stations owned by iHeartMedia, Inc. For the three months ended June 30, 2018 and 2017 , the Company recorded $2.9 million and $1.9 million , respectively, and $4.4 million and $3.8 million for the six months ended June 30, 2018 and 2017 , respectively, in revenue for these advertisements. Some of these agreements are leasing transactions as they convey to iHeartMedia, Inc. the right to use the Company's advertising structures for a stated period of time. 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 June 30, 2018 and 2017 , the Company recorded $16.9 million and $17.4 million , respectively, and $34.1 million and $33.6 million for the six months ended June 30, 2018 and 2017 , respectively, as a component of corporate expenses for these services. The iHeart Chapter 11 Cases could materially impact iHeartCommunications' ability to provide these services to us, which could cause significant uncertainties for us and disrupt our operations and/or adversely affect our rights under the Corporate Services Agreement and the other intercompany agreements. 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 June 30, 2018 and 2017 , the Company recorded $2.3 million and $2.4 million , respectively, and $4.6 million and $4.8 million for the six months ended June 30, 2018 and 2017 , respectively, as a component of selling, general and administrative expenses for these services.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Benefit (Expense) The Company’s income tax benefit (expense) for the three and six months ended June 30, 2018 and 2017 consisted of the following components: (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Current tax benefit (expense) $ 21,502 $ (26,165 ) $ (3,619 ) $ (19,907 ) Deferred tax benefit (expense) (26,255 ) 7,775 (46,501 ) 23,354 Income tax benefit (expense) $ (4,753 ) $ (18,390 ) $ (50,120 ) $ 3,447 The effective tax rates for the three and six months ended June 30, 2018 were (12.4)% and (39.9)% . The effective rate was primarily impacted by the valuation allowance recorded against deferred tax assets resulting from current period net operating losses in U.S. federal, state and certain foreign jurisdictions due to uncertainty regarding the Company's ability to realize those assets in future periods. In addition, current period losses in certain foreign jurisdictions did not result in tax benefits due to the inability to deduct those losses for tax purposes. The effective tax rates for the three and six months ended June 30, 2017 were 104.1% and 9.3% . 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. On December 22, 2017, the U.S. government enacted comprehensive income tax legislation, referred to as The Tax Cuts and Jobs Act (the Tax Act) which reduced the U.S. federal corporate tax rate from 35% to 21% effective January 1, 2018. During the three months ended June 30, 2018 , adjustments to the provisional income tax benefit recorded in December 2017 from the enactment of the Tax Act were not material. At June 30, 2018 , we have not yet completed our accounting for the income tax effects of the Tax Act, but have made reasonable estimates of those effects on our existing deferred income tax balances. The final financial statement impact of the Tax Act may differ from our previously recorded estimates, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action to address questions that arise because of the Tax Act, and changes in accounting standards for income taxes or related interpretations in response to the Tax Act, or any updates to estimates the company has utilized to calculate the provisional impacts. The Securities and Exchange Commission (SEC) has issued rules that allow for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related income tax impacts.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	6 Months Ended
	Jun. 30, 2018
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, 2018 $ (2,015,334 ) $ 157,040 $ (1,858,294 ) Net income (loss) (178,805 ) 3,024 (175,781 ) Dividends paid (29,995 ) — (29,995 ) Payments to noncontrolling interests — (6,024 ) (6,024 ) Share-based compensation 3,026 599 3,625 Foreign currency translation adjustments (9,155 ) (2,683 ) (11,838 ) Other, net (645 ) — (645 ) Balances as of June 30, 2018 $ (2,230,908 ) $ 151,956 $ (2,078,952 ) Balances as of January 1, 2017 $ (1,086,740 ) $ 149,886 $ (936,854 ) Net income (loss) (38,080 ) 4,636 (33,444 ) Dividends declared (282,486 ) — (282,486 ) Payments to noncontrolling interests — (5,668 ) (5,668 ) Share-based compensation 3,941 318 4,259 Disposal of noncontrolling interest — (1,046 ) (1,046 ) Foreign currency translation adjustments 26,935 3,329 30,264 Unrealized holding gain on marketable securities 102 — 102 Reclassification adjustments (1,644 ) — (1,644 ) Other, net (810 ) (137 ) (947 ) Balances as of June 30, 2017 $ (1,378,782 ) $ 151,318 $ (1,227,464 ) 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 January 5, 2018, the board of directors of the Company declared a special cash dividend paid on January 24, 2018 to Class A and Class B stockholders of record at the closing of business on January 19, 2018, in an aggregate amount equal to $30.0 million . iHeartCommunications received approximately 89.5% , or approximately $26.8 million , of the proceeds of the dividend through its wholly-owned subsidiaries. The remaining approximately 10.5% of the proceeds of the dividend, or approximately $3.2 million , was paid to the Company's public stockholders. COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Six Months Ended 2018 2017 2018 2017 NUMERATOR: Net loss attributable to the Company – common shares $ (50,383 ) $ (7,352 ) $ (178,805 ) $ (38,080 ) DENOMINATOR: Weighted average common shares outstanding - basic 361,708 361,131 361,612 360,944 Weighted average common shares outstanding - diluted (1) 361,708 361,131 361,612 360,944 Net loss attributable to the Company per common share: Basic $ (0.14 ) $ (0.02 ) $ (0.49 ) $ (0.11 ) Diluted $ (0.14 ) $ (0.02 ) $ (0.49 ) $ (0.11 ) (1) Outstanding equity awards of 6.7 million and 6.3 million for the three months ended June 30, 2018 and 2017 , respectively, and 6.7 million and 6.3 million for the six months ended June 30, 2018 and 2017 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

OTHER INFORMATION

OTHER INFORMATION	6 Months Ended
	Jun. 30, 2018
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 income (loss) for the three and six months ended June 30, 2018 and 2017 .

SEGMENT DATA

SEGMENT DATA	6 Months Ended
	Jun. 30, 2018
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 and the International segment primarily includes operations in Europe, Asia and Latin America. 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 Company re-evaluated its segment reporting and determined that its Latin American operations should be managed by its International leadership team. As a result, beginning on January 1, 2018 , the operations of Latin America are no longer reflected within the Company’s Americas segment and are included in the results of its International segment. Accordingly, the Company has recast the corresponding segment disclosures for prior periods to include Latin America within the International segment. The following table presents the Company's reportable segment results for the three and six months ended June 30, 2018 and 2017 : (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended June 30, 2018 Revenue $ 299,922 $ 412,058 $ — $ 711,980 Direct operating expenses 130,313 242,623 — 372,936 Selling, general and administrative expenses 47,824 77,465 — 125,289 Corporate expenses — — 37,928 37,928 Depreciation and amortization 43,123 38,683 961 82,767 Other operating income, net — — 929 929 Operating income (loss) $ 78,662 $ 53,287 $ (37,960 ) $ 93,989 Capital expenditures $ 11,481 $ 20,294 $ 868 $ 32,643 Share-based compensation expense $ — $ — $ 1,519 $ 1,519 Three Months Ended June 30, 2017 Revenue $ 300,191 $ 372,128 $ — $ 672,319 Direct operating expenses 133,033 219,715 — 352,748 Selling, general and administrative expenses 49,439 76,459 — 125,898 Corporate expenses — — 35,340 35,340 Depreciation and amortization 42,854 34,095 1,341 78,290 Other operating income, net — — 7,829 7,829 Operating income (loss) $ 74,865 $ 41,859 $ (28,852 ) $ 87,872 Capital expenditures $ 25,817 $ 36,934 $ 3,984 $ 66,735 Share-based compensation expense $ — $ — $ 1,900 $ 1,900

GUARANTOR SUBSIDIARIES

GUARANTOR SUBSIDIARIES	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information 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) June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 1,598 $ — $ 16,932 $ 153,780 $ — $ 172,310 Accounts receivable, net of allowance — — 196,781 441,285 — 638,066 Intercompany receivables — 783,638 2,876,183 73,391 (3,733,212 ) — Prepaid expenses 238 1,522 64,417 66,286 — 132,463 Other current assets 25,961 — 2,262 33,277 — 61,500 Total Current Assets 27,797 785,160 3,156,575 768,019 (3,733,212 ) 1,004,339 Structures, net — — 627,071 457,540 — 1,084,611 Other property, plant and equipment, net — — 113,349 90,781 — 204,130 Indefinite-lived intangibles — — 977,152 — — 977,152 Other intangibles, net — — 241,625 21,191 — 262,816 Goodwill — — 507,819 200,658 — 708,477 Due from iHeartCommunications 154,758 — — — — 154,758 Intercompany notes receivable 182,026 5,096,572 4,901 16,273 (5,299,772 ) — Other assets 277,899 74,554 1,289,408 70,876 (1,587,968 ) 124,769 Total Assets $ 642,480 $ 5,956,286 $ 6,917,900 $ 1,625,338 $ (10,620,952 ) $ 4,521,052 Accounts payable $ — $ — $ 32,321 $ 73,048 $ — $ 105,369 Intercompany payable 2,876,183 — 857,029 — (3,733,212 ) — Accrued expenses (23,393 ) 2,666 108,595 404,852 — 492,720 Deferred income — — 44,238 56,205 — 100,443 Current portion of long-term debt — — 214 215 — 429 Total Current Liabilities 2,852,790 2,666 1,042,397 534,320 (3,733,212 ) 698,961 Long-term debt — 4,898,230 3,771 370,098 — 5,272,099 Intercompany notes payable — 16,273 5,039,420 244,079 (5,299,772 ) — Due to iHeartCommunications, post iHeart Chapter 11 Cases 3,519 — — — — 3,519 Deferred tax liability (34,138 ) 853 446,664 (47,473 ) — 365,906 Other long-term liabilities 594 — 139,829 119,096 — 259,519 Total stockholders' equity (deficit) (2,180,285 ) 1,038,264 245,819 405,218 (1,587,968 ) (2,078,952 ) Total Liabilities and Stockholders' Equity (Deficit) $ 642,480 $ 5,956,286 $ 6,917,900 $ 1,625,338 $ (10,620,952 ) $ 4,521,052 (In thousands) December 31, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 2,212 $ — $ 22,841 $ 119,066 $ — $ 144,119 Accounts receivable, net of allowance — — 192,493 466,970 — 659,463 Intercompany receivables — 785,075 2,924,888 88,053 (3,798,016 ) — Prepaid expenses 291 3,433 50,028 58,124 — 111,876 Other current assets 25,441 — 2,552 30,721 — 58,714 Total Current Assets 27,944 788,508 3,192,802 762,934 (3,798,016 ) 974,172 Structures, net — — 675,443 505,439 — 1,180,882 Other property, plant and equipment, net — — 119,856 94,291 — 214,147 Indefinite-lived intangibles — — 977,152 — — 977,152 Other intangibles, net — — 248,674 25,188 — 273,862 Goodwill — — 507,820 206,223 — 714,043 Due from iHeartCommunications 211,990 — — — — 211,990 Intercompany notes receivable 182,026 5,087,742 12,437 16,273 (5,298,478 ) — Other assets 447,152 111,432 1,335,346 70,897 (1,840,293 ) 124,534 Total Assets $ 869,112 $ 5,987,682 $ 7,069,530 $ 1,681,245 $ (10,936,787 ) $ 4,670,782 Accounts payable $ — $ — $ 7,592 $ 80,368 $ — $ 87,960 Intercompany payable 2,924,888 — 873,128 — (3,798,016 ) — Accrued expenses 1,167 (1,315 ) 91,325 418,624 — 509,801 Deferred income — — 25,278 33,900 — 59,178 Current portion of long-term debt — — 115 458 — 573 Total Current Liabilities 2,926,055 (1,315 ) 997,438 533,350 (3,798,016 ) 657,512 Long-term debt — 4,895,104 1,820 369,229 — 5,266,153 Intercompany notes payable — 16,273 5,046,119 236,086 (5,298,478 ) — Deferred tax liability (93,111 ) 853 466,827 (56,462 ) — 318,107 Other long-term liabilities 1,157 — 140,272 145,875 — 287,304 Total stockholders' equity (deficit) (1,964,989 ) 1,076,767 417,054 453,167 (1,840,293 ) (1,858,294 ) Total Liabilities and Stockholders' Equity (Deficit) $ 869,112 $ 5,987,682 $ 7,069,530 $ 1,681,245 $ (10,936,787 ) $ 4,670,782 (In thousands) Three Months Ended June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 297,866 $ 414,114 $ — $ 711,980 Operating expenses: Direct operating expenses — — 128,880 244,056 — 372,936 Selling, general and administrative expenses — — 47,553 77,736 — 125,289 Corporate expenses (803 ) — 27,822 10,909 — 37,928 Depreciation and amortization — — 43,831 38,936 — 82,767 Other operating income (expense), net 9 — 937 (17 ) — 929 Operating income 812 — 50,717 42,460 — 93,989 Interest (income) expense, net (8 ) 88,143 430 8,422 — 96,987 Interest income on Due from iHeartCommunications 210 — — — — 210 Intercompany interest income 4,240 90,246 5,490 — (99,976 ) — Intercompany interest expense 210 242 94,486 5,038 (99,976 ) — Equity in loss of nonconsolidated affiliates (47,422 ) (28,838 ) (30,089 ) (263 ) 106,606 (6 ) Other income (expense), net (416 ) — 208 (35,188 ) — (35,396 ) Loss before income taxes (42,778 ) (26,977 ) (68,590 ) (6,451 ) 106,606 (38,190 ) Income tax benefit (expense) (9,095 ) (2,666 ) 21,168 (14,160 ) — (4,753 ) Consolidated net loss (51,873 ) (29,643 ) (47,422 ) (20,611 ) 106,606 (42,943 ) Less amount attributable to noncontrolling interest — — — 7,440 — 7,440 Net loss attributable to the Company $ (51,873 ) $ (29,643 ) $ (47,422 ) $ (28,051 ) $ 106,606 $ (50,383 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (1,296 ) (17,324 ) — (18,620 ) Equity in subsidiary comprehensive loss (11,066 ) (2,921 ) (9,770 ) — 23,757 — Comprehensive loss (62,939 ) (32,564 ) (58,488 ) (45,375 ) 130,363 (69,003 ) Less amount attributable to noncontrolling interest — — — (7,919 ) — (7,919 ) Comprehensive loss attributable to the Company $ (62,939 ) $ (32,564 ) $ (58,488 ) $ (37,456 ) $ 130,363 $ (61,084 ) (In thousands) Three Months Ended June 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 291,000 $ 381,319 $ — $ 672,319 Operating expenses: Direct operating expenses — — 126,650 226,098 — 352,748 Selling, general and administrative expenses — — 47,718 78,180 — 125,898 Corporate expenses 3,443 — 23,653 8,244 — 35,340 Depreciation and amortization — — 43,463 34,827 — 78,290 Other operating income (expense), net (103 ) — 1,047 6,885 — 7,829 Operating income (loss) (3,546 ) — 50,563 40,855 — 87,872 Interest (income) expense , net (91 ) 88,303 (34 ) 6,452 — 94,630 Interest income on Due from iHeartCommunications 15,383 — — — — 15,383 Intercompany interest income 4,081 85,182 15,770 97 (105,130 ) — Intercompany interest expense 15,383 61 89,360 326 (105,130 ) — Equity in earnings (loss) of nonconsolidated affiliates (8,020 ) 20,363 18,988 70 (31,130 ) 271 Other income (expense), net 4,786 — (76 ) 4,063 — 8,773 Income (loss) before income taxes (2,608 ) 17,181 (4,081 ) 38,307 (31,130 ) 17,669 Income tax benefit (expense) (2,169 ) 3,394 (3,939 ) (15,676 ) — (18,390 ) Consolidated net income (loss) (4,777 ) 20,575 (8,020 ) 22,631 (31,130 ) (721 ) Less amount attributable to noncontrolling interest — — — 6,631 — 6,631 Net income (loss) attributable to the Company $ (4,777 ) $ 20,575 $ (8,020 ) $ 16,000 $ (31,130 ) $ (7,352 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 320 20,367 — 20,687 Unrealized holding gain on marketable securities — — — 159 — 159 Equity in subsidiary comprehensive income 15,651 16,818 15,331 — (47,800 ) — Comprehensive income 10,874 37,393 7,631 36,526 (78,930 ) 13,494 Less amount attributable to noncontrolling interest — — — 5,852 — 5,852 Comprehensive income attributable to the Company $ 10,874 $ 37,393 $ 7,631 $ 30,674 $ (78,930 ) $ 7,642 (In thousands) Six Months Ended June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (178,805 ) $ (35,482 ) $ (162,356 ) $ (30,801 ) $ 231,663 $ (175,781 ) Reconciling items: Depreciation and amortization — — 89,059 77,768 — 166,827 Deferred taxes 58,972 — (20,163 ) 7,692 — 46,501 Provision for doubtful accounts — — 1,719 1,598 — 3,317 Amortization of deferred financing charges and note discounts, net — 4,424 — 869 — 5,293 Share-based compensation — — 3,026 599 — 3,625 Gain on disposal of operating assets, net — — (336 ) (779 ) — (1,115 ) Equity in (earnings) loss of nonconsolidated affiliates 162,356 33,857 34,878 390 (231,663 ) (182 ) Foreign exchange transaction (gain) loss — — (49 ) 14,584 — 14,535 Other reconciling items, net — — 241 (1,157 ) — (916 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable — — (6,008 ) 13,850 — 7,842 (Increase) decrease in prepaids and other current assets 54 1,912 (15,386 ) (11,803 ) — (25,223 ) Increase (decrease) in accrued expenses (24,438 ) 3,981 17,068 (27,399 ) — (30,788 ) Increase (decrease) in accounts payable — — 24,729 (5,270 ) — 19,459 Increase in accrued interest — — 80 408 — 488 Increase in deferred income — — 17,547 25,244 — 42,791 Changes in other operating assets and liabilities (1,981 ) — 2,655 (11,479 ) — (10,805 ) Net cash provided by (used for) operating activities $ 16,158 $ 8,692 $ (13,296 ) $ 54,314 $ — $ 65,868 Cash flows from investing activities: Purchases of property, plant and equipment — — (25,582 ) (35,733 ) — (61,315 ) Proceeds from disposal of assets — — 2,408 632 — 3,040 Purchases of other operating assets — — — (35 ) — (35 ) Increase in intercompany notes receivable, net — (8,829 ) — — 8,829 — Dividends from subsidiaries — — 1,111 — (1,111 ) — Change in other, net — — (3 ) 50 — 47 Net cash used for investing activities $ — $ (8,829 ) $ (22,066 ) $ (35,086 ) $ 7,718 $ (58,263 ) Cash flows from financing activities: Payments on long-term debt — — (84 ) (232 ) — (316 ) Net transfers to iHeartCommunications 60,751 — — — — 60,751 Dividends and other payments to noncontrolling interests — — — (211 ) — (211 ) Dividends paid (30,624 ) — — (1,111 ) 1,111 (30,624 ) Increase in intercompany notes payable, net — — — 8,829 (8,829 ) — Intercompany funding (45,677 ) 1,435 29,537 14,705 — — Change in other, net (702 ) (1,298 ) — — — (2,000 ) Net cash provided by (used for) financing activities (16,252 ) 137 29,453 21,980 (7,718 ) 27,600 Effect of exchange rate changes on cash — — — (4,319 ) — (4,319 ) Net increase (decrease) in cash and cash equivalents (94 ) — (5,909 ) 36,889 — 30,886 Cash, cash equivalents and restricted cash at beginning of year 27,653 — 22,841 137,816 — 188,310 Cash, cash equivalents and restricted cash at end of year $ 27,559 $ — $ 16,932 $ 174,705 $ — $ 219,196 (In thousands) Six Months Ended June 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (33,778 ) $ (5,107 ) $ (40,656 ) $ (2,801 ) $ 48,898 $ (33,444 ) Reconciling items: Depreciation and amortization — — 86,980 68,804 — 155,784 Deferred taxes — — (20,030 ) (3,324 ) — (23,354 ) Provision for doubtful accounts — — 1,073 2,999 — 4,072 Amortization of deferred financing charges and note discounts, net — 4,387 — 981 — 5,368 Share-based compensation — — 3,324 935 — 4,259 Gain on sale of operating and fixed assets — — (33,662 ) (7,935 ) — (41,597 ) Equity in loss of nonconsolidated affiliates 40,656 926 6,712 805 (48,898 ) 201 Foreign exchange transaction (gain) loss — — 73 (12,782 ) — (12,709 ) Other reconciling items, net — — (2,597 ) (771 ) — (3,368 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Increase in accounts receivable — — (2,894 ) (19,224 ) — (22,118 ) (Increase) decrease in prepaids and other current assets 90 — (11,291 ) (4,178 ) — (15,379 ) Increase (decrease) in accrued expenses 1,443 (62,047 ) 42,603 (40,152 ) — (58,153 ) Decrease in accounts payable — — (10,448 ) (5,693 ) — (16,141 ) Decrease in accrued interest — — (29 ) (32 ) — (61 ) Increase in deferred income — — 13,702 16,861 — 30,563 Changes in other operating assets and liabilities — — 540 6,453 — 6,993 Net cash provided by (used for) operating activities $ 8,411 $ (61,841 ) $ 33,400 $ 946 $ — $ (19,084 ) Cash flows from investing activities: Purchases of property, plant and equipment — — (43,439 ) (59,640 ) — (103,079 ) Proceeds from disposal of assets — — 51,878 7,857 — 59,735 Purchases of other operating assets — — — (1,711 ) — (1,711 ) Increase in intercompany notes receivable, net — (80 ) — — 80 — Dividends from subsidiaries — — 5,523 — (5,523 ) — Change in other, net — — — (214 ) — (214 ) Net cash provided by (used for) investing activities $ — $ (80 ) $ 13,962 $ (53,708 ) $ (5,443 ) $ (45,269 ) Cash flows from financing activities: Draws on credit facilities — — — 3,125 — 3,125 Payments on credit facilities — — — (761 ) — (761 ) Payments on long-term debt — — (47 ) (301 ) — (348 ) Net transfers from iHeartCommunications (43,109 ) — — — — (43,109 ) Dividends and other payments from noncontrolling interests — — — 182 — 182 Dividends paid (282,055 ) — — (5,523 ) 5,523 (282,055 ) Increase in intercompany notes payable, net — — — 80 (80 ) — Intercompany funding 31,550 61,921 (99,017 ) 5,546 — — Change in other, net (1,012 ) — — — — (1,012 ) Net cash provided by (used for) financing activities (294,626 ) 61,921 (99,064 ) 2,348 5,443 (323,978 ) Effect of exchange rate changes on cash — — — 6,246 — 6,246 Net decrease in cash and cash equivalents (286,215 ) — (51,702 ) (44,168 ) — (382,085 ) Cash, cash equivalents and restricted cash at beginning of year 300,285 — 61,542 201,322 — 563,149 Cash, cash equivalents and restricted cash at end of year $ 14,070 $ — $ 9,840 $ 157,154 $ — $ 181,064

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Preparation of Interim Financial Statements	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 2017 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.
New Accounting Pronouncements	New Accounting Pronouncements Not Yet Adopted 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 adopted this year. 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. New Accounting Pronouncements Recently Adopted Revenue from Contracts with Customers As of January 1, 2018, the Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers . This standard provides guidance for the recognition, measurement and disclosure of revenue from contracts with customers and supersedes previous revenue recognition guidance under U.S. GAAP. The Company has applied this standard using the full retrospective method and concluded that its adoption did not have a material impact on the Company’s Consolidated Balance Sheets, Consolidated Statements of Comprehensive Income (Loss), or Consolidated Statements of Cash Flows for prior periods. Please refer to Note 2, Revenues, for more information.
Accounts Receivable	Accounts Receivable Accounts receivable are recorded when the Company has an unconditional right to payment, either because it has satisfied a performance obligation prior to receiving payment from the customer or has a non-cancelable contract that has been billed in advance in accordance with the Company’s normal billing terms. Accounts receivable are recorded at the invoiced amount, net of allowances for doubtful accounts. The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, it records a specific reserve to reduce the amounts recorded to what it believes will be collected. For all other customers, it recognizes reserves for bad debt based on historical experience of bad debts as a percent of revenue for each business unit, adjusted for relative improvements or deteriorations in the agings and changes in current economic conditions. The Company believes its concentration of credit risk is limited due to the large number and the geographic diversification of its customers.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in amounts that reflect the consideration it expects to receive in exchange for transferring goods or services to customers, excluding sales taxes and other similar taxes collected on behalf of governmental authorities (the “transaction price”). When this consideration includes a variable amount, the Company estimates the amount of consideration it expects to receive and only recognizes revenue to the extent that it is probable it will not be reversed in a future reporting period. For revenue arrangements that contain multiple distinct goods or services, the Company allocates the transaction price to these performance obligations in proportion to their relative standalone selling prices. The Company recognizes revenue when or as it satisfies a performance obligation by transferring a promised good or service to a customer. Revenue from the Company’s contracts, which typically cover periods of a few weeks to one year , are generally recognized ratably over the term of the contract as the advertisement is displayed and the performance obligation is satisfied. Advertising revenue is reported net of agency commissions. The Company receives payments from customers based on billing schedules that are established in its contracts, which are generally billed monthly. Americas is generally billed in advance, and International includes a combination of advance billings and billings upon completion of service. Deferred income is recorded when payment is received from a customer before the Company has satisfied the performance obligation or a non-cancelable contract has been billed in advance in accordance with the Company’s normal billing terms. Trade and barter transactions represent the exchange of display space for merchandise, services or other assets in the ordinary course of business. The transaction price for these contracts is determined as the estimated fair value of the non-cash consideration received unless this is not reasonably estimable, in which case the consideration is measured based on the standalone selling price of the display space promised to the customer. Revenue is recognized on trade and barter transactions when the advertisements are displayed, and expenses are recorded ratably over a period that estimates when the merchandise, services or other assets received are utilized, or when the event occurs. Trade and barter revenues and expenses from continuing operations are included in consolidated revenue and selling, general and administrative expenses, respectively.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	A summary of the effect of the correction on the Consolidated Balance Sheet as of December 31, 2017 is as follows: December 31, 2017 (In thousands) As Reported Correction Revised Other long-term liabilities $ 270,415 $ 16,889 $ 287,304 Accumulated deficit (4,765,514 ) (15,731 ) (4,781,245 ) Accumulated other comprehensive loss (338,936 ) (1,158 ) (340,094 ) Total Stockholders' Deficit (1,841,405 ) (16,889 ) (1,858,294 ) A summary of the effect of the correction on the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2017 is as follows: Three Months Ended June 30, 2017 (In thousands) As Reported Correction Revised Direct operating expenses (excludes depreciation and amortization) $ 350,173 $ 2,575 $ 352,748 Operating income 90,447 (2,575 ) 87,872 Income before income taxes 20,244 (2,575 ) 17,669 Consolidated income (loss) 1,854 (2,575 ) (721 ) Net loss attributable to the Company (4,777 ) (2,575 ) (7,352 ) Foreign currency translation adjustments 21,344 (657 ) 20,687 Other comprehensive income 21,503 (657 ) 20,846 Comprehensive income 16,726 (3,232 ) 13,494 Comprehensive income attributable to the Company 10,874 (3,232 ) 7,642 Basic loss per share (0.01 ) (0.01 ) (0.02 ) Diluted loss per share (0.01 ) (0.01 ) (0.02 ) Six Months Ended June 30, 2017 (In thousands) As Reported Correction Revised Direct operating expenses (excludes depreciation and amortization) $ 678,104 $ 4,302 $ 682,406 Operating income 112,045 (4,302 ) 107,743 Loss before income taxes (32,589 ) (4,302 ) (36,891 ) Consolidated net loss (29,142 ) (4,302 ) (33,444 ) Net loss attributable to the Company (33,778 ) (4,302 ) (38,080 ) Foreign currency translation adjustments 30,997 (733 ) 30,264 Other comprehensive income 29,455 (733 ) 28,722 Comprehensive loss (4,323 ) (5,035 ) (9,358 ) Comprehensive loss attributable to the Company (7,652 ) (5,035 ) (12,687 ) Basic loss per share (0.09 ) (0.02 ) (0.11 ) Diluted loss per share (0.09 ) (0.02 ) (0.11 )
Summary of Barter and Trade Revenues and Expenses	Trade and barter revenues and expenses from continuing operations were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2018 2017 2018 2017 Consolidated: Trade and barter revenues $ 4,326 $ 4,839 $ 7,772 $ 9,164 Trade and barter expenses 2,708 1,977 6,451 5,474
Schedule of Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheet to the total of the amounts reported in the Consolidated Statement of Cash Flows: (In thousands) June 30, December 31, 2017 Cash and cash equivalents $ 172,310 $ 144,119 Restricted cash included in: Other current assets 30,334 26,096 Other assets 16,552 18,095 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 219,196 $ 188,310

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Geographic Areas	The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region, revenue from leases and total revenue for the three and six months ended June 30, 2018 and 2017 : (In thousands) Americas (1) International (1) Consolidated Three Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 115,488 $ — $ 115,488 Other Americas 634 17,864 18,498 Europe — 225,538 225,538 Asia-Pacific and other — 5,643 5,643 Eliminations — 71 71 Total 116,122 249,116 365,238 Revenue from leases 183,800 162,942 346,742 Revenue, total $ 299,922 $ 412,058 $ 711,980 Three Months Ended June 30, 2017 Revenue from contracts with customers: United States $ 108,520 $ — $ 108,520 Other Americas 4,260 19,165 23,425 Europe — 198,313 198,313 Asia-Pacific and other 406 4,825 5,231 Eliminations — 40 40 Total 113,186 222,343 335,529 Revenue from leases 187,005 149,785 336,790 Revenue, total $ 300,191 $ 372,128 $ 672,319 Six Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 211,635 $ — $ 211,635 Other Americas 1,284 34,656 35,940 Europe — 413,919 413,919 Asia-Pacific and other — 12,151 12,151 Eliminations — — — Total 212,919 460,726 673,645 Revenue from leases 342,850 294,196 637,046 Revenue, total $ 555,769 $ 754,922 $ 1,310,691 Six Months Ended June 30, 2017 Revenue from contracts with customers: United States $ 202,182 $ — $ 202,182 Other Americas 7,791 32,622 40,413 Europe — 352,917 352,917 Asia-Pacific and other 406 10,281 10,687 Eliminations — — — Total 210,379 395,820 606,199 Revenue from leases 350,158 260,688 610,846 Revenue, total $ 560,537 $ 656,508 $ 1,217,045 (1) Due to a re-evaluation of the Company’s internal segment reporting in 2018 , its operations in Latin America are included in the International segment results for all periods presented. See Note 1, Basis of Presentation .
Summary of Contract with Customer, Asset and Liability	The following tables present the changes in the Company’s contract balances from contracts with customers for the three and six months ended June 30, 2018 and 2017 and provide a reconciliation of the ending balances to the Consolidated Balance Sheets: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2018 2017 2018 2017 Accounts receivable from contracts with customers: Beginning balance, net of allowance $ 310,264 $ 271,993 $ 351,228 $ 300,216 Additions (collections), net 17,631 49,771 (22,692 ) 21,766 Bad debt, net of recoveries (946 ) (665 ) (1,587 ) (883 ) Ending balance, net of allowance 326,949 321,099 326,949 321,099 Accounts receivable from leases, net of allowance 311,117 312,584 311,117 312,584 Total accounts receivable, net of allowance $ 638,066 $ 633,683 $ 638,066 $ 633,683 Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2018 2017 2018 2017 Deferred income from contracts with customers: Beginning balance $ 45,004 $ 48,849 $ 28,211 $ 28,681 Revenue recognized, included in beginning balance (28,898 ) (34,503 ) (23,095 ) (24,569 ) Additions, net of revenue recognized during period 29,387 30,398 40,377 40,632 Ending balance 45,493 44,744 45,493 44,744 Deferred income from leases 59,916 62,048 59,916 62,048 Total deferred income 105,409 106,792 105,409 106,792 Less: Non-current portion, included in other long-term liabilities 4,966 4,888 4,966 4,888 Total deferred income, current portion $ 100,443 $ 101,904 $ 100,443 $ 101,904
Schedule of Future Minimum Rental Income for Operating Leases	As of December 31, 2017 , the Company’s future minimum rentals under non-cancelable operating leases were as follows: (In thousands) 2018 $ 277,462 2019 34,395 2020 17,155 2021 12,004 2022 8,552 Thereafter 7,197 Total minimum future rentals $ 356,765

PROPERTY, PLANT AND EQUIPMENT20

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and December 31, 2017 , respectively: (In thousands) June 30, December 31, Land, buildings and improvements $ 145,191 $ 145,763 Structures 2,821,508 2,864,442 Furniture and other equipment 191,211 179,215 Construction in progress 45,930 55,753 3,203,840 3,245,173 Less: accumulated depreciation 1,915,099 1,850,144 Property, plant and equipment, net $ 1,288,741 $ 1,395,029
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 June 30, 2018 and December 31, 2017 , respectively: (In thousands) June 30, 2018 December 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor contractual rights $ 538,778 $ (440,758 ) $ 548,918 $ (440,284 ) Permanent easements 162,920 — 162,920 — Other 6,083 (4,207 ) 4,626 (2,318 ) Total $ 707,781 $ (444,965 ) $ 716,464 $ (442,602 )
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) 2019 $ 15,143 2020 $ 12,794 2021 $ 12,656 2022 $ 10,786 2023 $ 6,392
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, 2016 $ 505,478 $ 190,785 $ 696,263 Acquisitions 2,252 — 2,252 Impairment — (1,591 ) (1,591 ) Dispositions — (1,817 ) (1,817 ) Foreign currency — 18,847 18,847 Assets held for sale 89 — 89 Balance as of December 31, 2017 $ 507,819 $ 206,224 $ 714,043 Foreign currency — (5,566 ) (5,566 ) Balance as of June 30, 2018 $ 507,819 $ 200,658 $ 708,477

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding as of June 30, 2018 and December 31, 2017 consisted of the following: (In thousands) June 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 Receivables Based Credit Facility Due 2023 (1) — — Clear Channel International B.V. Senior Notes Due 2020 375,000 375,000 Other debt 4,201 2,393 Original issue discount (485 ) (241 ) Long-term debt fees (31,188 ) (35,426 ) Total debt $ 5,272,528 $ 5,266,726 Less: current portion 429 573 Total long-term debt $ 5,272,099 $ 5,266,153 (1) On June 1, 2018 (the “Closing Date”), Clear Channel Outdoor, Inc. (“CCO”), a subsidiary of the Company, refinanced the Company's senior revolving credit facility with an asset based credit facility that provides for revolving credit commitments of up to $75.0 million . On June 29, 2018, CCO entered into an amendment providing for a $50.0 million incremental increase of the facility, bringing the aggregate revolving credit commitments to $125.0 million . The facility has a five -year term, maturing in 2023. As of June 30, 2018 , the facility had $60.7 million of letters of credit outstanding and a borrowing base of $112.2 million , resulting in $51.5 million of excess availability.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Benefit (Expense)	The Company’s income tax benefit (expense) for the three and six months ended June 30, 2018 and 2017 consisted of the following components: (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Current tax benefit (expense) $ 21,502 $ (26,165 ) $ (3,619 ) $ (19,907 ) Deferred tax benefit (expense) (26,255 ) 7,775 (46,501 ) 23,354 Income tax benefit (expense) $ (4,753 ) $ (18,390 ) $ (50,120 ) $ 3,447

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 $ (2,015,334 ) $ 157,040 $ (1,858,294 ) Net income (loss) (178,805 ) 3,024 (175,781 ) Dividends paid (29,995 ) — (29,995 ) Payments to noncontrolling interests — (6,024 ) (6,024 ) Share-based compensation 3,026 599 3,625 Foreign currency translation adjustments (9,155 ) (2,683 ) (11,838 ) Other, net (645 ) — (645 ) Balances as of June 30, 2018 $ (2,230,908 ) $ 151,956 $ (2,078,952 ) Balances as of January 1, 2017 $ (1,086,740 ) $ 149,886 $ (936,854 ) Net income (loss) (38,080 ) 4,636 (33,444 ) Dividends declared (282,486 ) — (282,486 ) Payments to noncontrolling interests — (5,668 ) (5,668 ) Share-based compensation 3,941 318 4,259 Disposal of noncontrolling interest — (1,046 ) (1,046 ) Foreign currency translation adjustments 26,935 3,329 30,264 Unrealized holding gain on marketable securities 102 — 102 Reclassification adjustments (1,644 ) — (1,644 ) Other, net (810 ) (137 ) (947 ) Balances as of June 30, 2017 $ (1,378,782 ) $ 151,318 $ (1,227,464 )
Computation of Earnings Per Share	COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Six Months Ended 2018 2017 2018 2017 NUMERATOR: Net loss attributable to the Company – common shares $ (50,383 ) $ (7,352 ) $ (178,805 ) $ (38,080 ) DENOMINATOR: Weighted average common shares outstanding - basic 361,708 361,131 361,612 360,944 Weighted average common shares outstanding - diluted (1) 361,708 361,131 361,612 360,944 Net loss attributable to the Company per common share: Basic $ (0.14 ) $ (0.02 ) $ (0.49 ) $ (0.11 ) Diluted $ (0.14 ) $ (0.02 ) $ (0.49 ) $ (0.11 ) (1) Outstanding equity awards of 6.7 million and 6.3 million for the three months ended June 30, 2018 and 2017 , respectively, and 6.7 million and 6.3 million for the six months ended June 30, 2018 and 2017 , 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)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following table presents the Company's reportable segment results for the three and six months ended June 30, 2018 and 2017 : (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended June 30, 2018 Revenue $ 299,922 $ 412,058 $ — $ 711,980 Direct operating expenses 130,313 242,623 — 372,936 Selling, general and administrative expenses 47,824 77,465 — 125,289 Corporate expenses — — 37,928 37,928 Depreciation and amortization 43,123 38,683 961 82,767 Other operating income, net — — 929 929 Operating income (loss) $ 78,662 $ 53,287 $ (37,960 ) $ 93,989 Capital expenditures $ 11,481 $ 20,294 $ 868 $ 32,643 Share-based compensation expense $ — $ — $ 1,519 $ 1,519 Three Months Ended June 30, 2017 Revenue $ 300,191 $ 372,128 $ — $ 672,319 Direct operating expenses 133,033 219,715 — 352,748 Selling, general and administrative expenses 49,439 76,459 — 125,898 Corporate expenses — — 35,340 35,340 Depreciation and amortization 42,854 34,095 1,341 78,290 Other operating income, net — — 7,829 7,829 Operating income (loss) $ 74,865 $ 41,859 $ (28,852 ) $ 87,872 Capital expenditures $ 25,817 $ 36,934 $ 3,984 $ 66,735 Share-based compensation expense $ — $ — $ 1,900 $ 1,900

GUARANTOR SUBSIDIARIES (Tables)

GUARANTOR SUBSIDIARIES (Tables)	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information 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) June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 1,598 $ — $ 16,932 $ 153,780 $ — $ 172,310 Accounts receivable, net of allowance — — 196,781 441,285 — 638,066 Intercompany receivables — 783,638 2,876,183 73,391 (3,733,212 ) — Prepaid expenses 238 1,522 64,417 66,286 — 132,463 Other current assets 25,961 — 2,262 33,277 — 61,500 Total Current Assets 27,797 785,160 3,156,575 768,019 (3,733,212 ) 1,004,339 Structures, net — — 627,071 457,540 — 1,084,611 Other property, plant and equipment, net — — 113,349 90,781 — 204,130 Indefinite-lived intangibles — — 977,152 — — 977,152 Other intangibles, net — — 241,625 21,191 — 262,816 Goodwill — — 507,819 200,658 — 708,477 Due from iHeartCommunications 154,758 — — — — 154,758 Intercompany notes receivable 182,026 5,096,572 4,901 16,273 (5,299,772 ) — Other assets 277,899 74,554 1,289,408 70,876 (1,587,968 ) 124,769 Total Assets $ 642,480 $ 5,956,286 $ 6,917,900 $ 1,625,338 $ (10,620,952 ) $ 4,521,052 Accounts payable $ — $ — $ 32,321 $ 73,048 $ — $ 105,369 Intercompany payable 2,876,183 — 857,029 — (3,733,212 ) — Accrued expenses (23,393 ) 2,666 108,595 404,852 — 492,720 Deferred income — — 44,238 56,205 — 100,443 Current portion of long-term debt — — 214 215 — 429 Total Current Liabilities 2,852,790 2,666 1,042,397 534,320 (3,733,212 ) 698,961 Long-term debt — 4,898,230 3,771 370,098 — 5,272,099 Intercompany notes payable — 16,273 5,039,420 244,079 (5,299,772 ) — Due to iHeartCommunications, post iHeart Chapter 11 Cases 3,519 — — — — 3,519 Deferred tax liability (34,138 ) 853 446,664 (47,473 ) — 365,906 Other long-term liabilities 594 — 139,829 119,096 — 259,519 Total stockholders' equity (deficit) (2,180,285 ) 1,038,264 245,819 405,218 (1,587,968 ) (2,078,952 ) Total Liabilities and Stockholders' Equity (Deficit) $ 642,480 $ 5,956,286 $ 6,917,900 $ 1,625,338 $ (10,620,952 ) $ 4,521,052 (In thousands) December 31, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 2,212 $ — $ 22,841 $ 119,066 $ — $ 144,119 Accounts receivable, net of allowance — — 192,493 466,970 — 659,463 Intercompany receivables — 785,075 2,924,888 88,053 (3,798,016 ) — Prepaid expenses 291 3,433 50,028 58,124 — 111,876 Other current assets 25,441 — 2,552 30,721 — 58,714 Total Current Assets 27,944 788,508 3,192,802 762,934 (3,798,016 ) 974,172 Structures, net — — 675,443 505,439 — 1,180,882 Other property, plant and equipment, net — — 119,856 94,291 — 214,147 Indefinite-lived intangibles — — 977,152 — — 977,152 Other intangibles, net — — 248,674 25,188 — 273,862 Goodwill — — 507,820 206,223 — 714,043 Due from iHeartCommunications 211,990 — — — — 211,990 Intercompany notes receivable 182,026 5,087,742 12,437 16,273 (5,298,478 ) — Other assets 447,152 111,432 1,335,346 70,897 (1,840,293 ) 124,534 Total Assets $ 869,112 $ 5,987,682 $ 7,069,530 $ 1,681,245 $ (10,936,787 ) $ 4,670,782 Accounts payable $ — $ — $ 7,592 $ 80,368 $ — $ 87,960 Intercompany payable 2,924,888 — 873,128 — (3,798,016 ) — Accrued expenses 1,167 (1,315 ) 91,325 418,624 — 509,801 Deferred income — — 25,278 33,900 — 59,178 Current portion of long-term debt — — 115 458 — 573 Total Current Liabilities 2,926,055 (1,315 ) 997,438 533,350 (3,798,016 ) 657,512 Long-term debt — 4,895,104 1,820 369,229 — 5,266,153 Intercompany notes payable — 16,273 5,046,119 236,086 (5,298,478 ) — Deferred tax liability (93,111 ) 853 466,827 (56,462 ) — 318,107 Other long-term liabilities 1,157 — 140,272 145,875 — 287,304 Total stockholders' equity (deficit) (1,964,989 ) 1,076,767 417,054 453,167 (1,840,293 ) (1,858,294 ) Total Liabilities and Stockholders' Equity (Deficit) $ 869,112 $ 5,987,682 $ 7,069,530 $ 1,681,245 $ (10,936,787 ) $ 4,670,782
Schedule Of Guarantor Obligations, Income Statement	(In thousands) Three Months Ended June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 297,866 $ 414,114 $ — $ 711,980 Operating expenses: Direct operating expenses — — 128,880 244,056 — 372,936 Selling, general and administrative expenses — — 47,553 77,736 — 125,289 Corporate expenses (803 ) — 27,822 10,909 — 37,928 Depreciation and amortization — — 43,831 38,936 — 82,767 Other operating income (expense), net 9 — 937 (17 ) — 929 Operating income 812 — 50,717 42,460 — 93,989 Interest (income) expense, net (8 ) 88,143 430 8,422 — 96,987 Interest income on Due from iHeartCommunications 210 — — — — 210 Intercompany interest income 4,240 90,246 5,490 — (99,976 ) — Intercompany interest expense 210 242 94,486 5,038 (99,976 ) — Equity in loss of nonconsolidated affiliates (47,422 ) (28,838 ) (30,089 ) (263 ) 106,606 (6 ) Other income (expense), net (416 ) — 208 (35,188 ) — (35,396 ) Loss before income taxes (42,778 ) (26,977 ) (68,590 ) (6,451 ) 106,606 (38,190 ) Income tax benefit (expense) (9,095 ) (2,666 ) 21,168 (14,160 ) — (4,753 ) Consolidated net loss (51,873 ) (29,643 ) (47,422 ) (20,611 ) 106,606 (42,943 ) Less amount attributable to noncontrolling interest — — — 7,440 — 7,440 Net loss attributable to the Company $ (51,873 ) $ (29,643 ) $ (47,422 ) $ (28,051 ) $ 106,606 $ (50,383 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (1,296 ) (17,324 ) — (18,620 ) Equity in subsidiary comprehensive loss (11,066 ) (2,921 ) (9,770 ) — 23,757 — Comprehensive loss (62,939 ) (32,564 ) (58,488 ) (45,375 ) 130,363 (69,003 ) Less amount attributable to noncontrolling interest — — — (7,919 ) — (7,919 ) Comprehensive loss attributable to the Company $ (62,939 ) $ (32,564 ) $ (58,488 ) $ (37,456 ) $ 130,363 $ (61,084 ) (In thousands) Three Months Ended June 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 291,000 $ 381,319 $ — $ 672,319 Operating expenses: Direct operating expenses — — 126,650 226,098 — 352,748 Selling, general and administrative expenses — — 47,718 78,180 — 125,898 Corporate expenses 3,443 — 23,653 8,244 — 35,340 Depreciation and amortization — — 43,463 34,827 — 78,290 Other operating income (expense), net (103 ) — 1,047 6,885 — 7,829 Operating income (loss) (3,546 ) — 50,563 40,855 — 87,872 Interest (income) expense , net (91 ) 88,303 (34 ) 6,452 — 94,630 Interest income on Due from iHeartCommunications 15,383 — — — — 15,383 Intercompany interest income 4,081 85,182 15,770 97 (105,130 ) — Intercompany interest expense 15,383 61 89,360 326 (105,130 ) — Equity in earnings (loss) of nonconsolidated affiliates (8,020 ) 20,363 18,988 70 (31,130 ) 271 Other income (expense), net 4,786 — (76 ) 4,063 — 8,773 Income (loss) before income taxes (2,608 ) 17,181 (4,081 ) 38,307 (31,130 ) 17,669 Income tax benefit (expense) (2,169 ) 3,394 (3,939 ) (15,676 ) — (18,390 ) Consolidated net income (loss) (4,777 ) 20,575 (8,020 ) 22,631 (31,130 ) (721 ) Less amount attributable to noncontrolling interest — — — 6,631 — 6,631 Net income (loss) attributable to the Company $ (4,777 ) $ 20,575 $ (8,020 ) $ 16,000 $ (31,130 ) $ (7,352 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 320 20,367 — 20,687 Unrealized holding gain on marketable securities — — — 159 — 159 Equity in subsidiary comprehensive income 15,651 16,818 15,331 — (47,800 ) — Comprehensive income 10,874 37,393 7,631 36,526 (78,930 ) 13,494 Less amount attributable to noncontrolling interest — — — 5,852 — 5,852 Comprehensive income attributable to the Company $ 10,874 $ 37,393 $ 7,631 $ 30,674 $ (78,930 ) $ 7,642
Schedule Of Guarantor Obligations, Cash Flow	(In thousands) Six Months Ended June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (178,805 ) $ (35,482 ) $ (162,356 ) $ (30,801 ) $ 231,663 $ (175,781 ) Reconciling items: Depreciation and amortization — — 89,059 77,768 — 166,827 Deferred taxes 58,972 — (20,163 ) 7,692 — 46,501 Provision for doubtful accounts — — 1,719 1,598 — 3,317 Amortization of deferred financing charges and note discounts, net — 4,424 — 869 — 5,293 Share-based compensation — — 3,026 599 — 3,625 Gain on disposal of operating assets, net — — (336 ) (779 ) — (1,115 ) Equity in (earnings) loss of nonconsolidated affiliates 162,356 33,857 34,878 390 (231,663 ) (182 ) Foreign exchange transaction (gain) loss — — (49 ) 14,584 — 14,535 Other reconciling items, net — — 241 (1,157 ) — (916 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable — — (6,008 ) 13,850 — 7,842 (Increase) decrease in prepaids and other current assets 54 1,912 (15,386 ) (11,803 ) — (25,223 ) Increase (decrease) in accrued expenses (24,438 ) 3,981 17,068 (27,399 ) — (30,788 ) Increase (decrease) in accounts payable — — 24,729 (5,270 ) — 19,459 Increase in accrued interest — — 80 408 — 488 Increase in deferred income — — 17,547 25,244 — 42,791 Changes in other operating assets and liabilities (1,981 ) — 2,655 (11,479 ) — (10,805 ) Net cash provided by (used for) operating activities $ 16,158 $ 8,692 $ (13,296 ) $ 54,314 $ — $ 65,868 Cash flows from investing activities: Purchases of property, plant and equipment — — (25,582 ) (35,733 ) — (61,315 ) Proceeds from disposal of assets — — 2,408 632 — 3,040 Purchases of other operating assets — — — (35 ) — (35 ) Increase in intercompany notes receivable, net — (8,829 ) — — 8,829 — Dividends from subsidiaries — — 1,111 — (1,111 ) — Change in other, net — — (3 ) 50 — 47 Net cash used for investing activities $ — $ (8,829 ) $ (22,066 ) $ (35,086 ) $ 7,718 $ (58,263 ) Cash flows from financing activities: Payments on long-term debt — — (84 ) (232 ) — (316 ) Net transfers to iHeartCommunications 60,751 — — — — 60,751 Dividends and other payments to noncontrolling interests — — — (211 ) — (211 ) Dividends paid (30,624 ) — — (1,111 ) 1,111 (30,624 ) Increase in intercompany notes payable, net — — — 8,829 (8,829 ) — Intercompany funding (45,677 ) 1,435 29,537 14,705 — — Change in other, net (702 ) (1,298 ) — — — (2,000 ) Net cash provided by (used for) financing activities (16,252 ) 137 29,453 21,980 (7,718 ) 27,600 Effect of exchange rate changes on cash — — — (4,319 ) — (4,319 ) Net increase (decrease) in cash and cash equivalents (94 ) — (5,909 ) 36,889 — 30,886 Cash, cash equivalents and restricted cash at beginning of year 27,653 — 22,841 137,816 — 188,310 Cash, cash equivalents and restricted cash at end of year $ 27,559 $ — $ 16,932 $ 174,705 $ — $ 219,196 (In thousands) Six Months Ended June 30, 2017 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (33,778 ) $ (5,107 ) $ (40,656 ) $ (2,801 ) $ 48,898 $ (33,444 ) Reconciling items: Depreciation and amortization — — 86,980 68,804 — 155,784 Deferred taxes — — (20,030 ) (3,324 ) — (23,354 ) Provision for doubtful accounts — — 1,073 2,999 — 4,072 Amortization of deferred financing charges and note discounts, net — 4,387 — 981 — 5,368 Share-based compensation — — 3,324 935 — 4,259 Gain on sale of operating and fixed assets — — (33,662 ) (7,935 ) — (41,597 ) Equity in loss of nonconsolidated affiliates 40,656 926 6,712 805 (48,898 ) 201 Foreign exchange transaction (gain) loss — — 73 (12,782 ) — (12,709 ) Other reconciling items, net — — (2,597 ) (771 ) — (3,368 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Increase in accounts receivable — — (2,894 ) (19,224 ) — (22,118 ) (Increase) decrease in prepaids and other current assets 90 — (11,291 ) (4,178 ) — (15,379 ) Increase (decrease) in accrued expenses 1,443 (62,047 ) 42,603 (40,152 ) — (58,153 ) Decrease in accounts payable — — (10,448 ) (5,693 ) — (16,141 ) Decrease in accrued interest — — (29 ) (32 ) — (61 ) Increase in deferred income — — 13,702 16,861 — 30,563 Changes in other operating assets and liabilities — — 540 6,453 — 6,993 Net cash provided by (used for) operating activities $ 8,411 $ (61,841 ) $ 33,400 $ 946 $ — $ (19,084 ) Cash flows from investing activities: Purchases of property, plant and equipment — — (43,439 ) (59,640 ) — (103,079 ) Proceeds from disposal of assets — — 51,878 7,857 — 59,735 Purchases of other operating assets — — — (1,711 ) — (1,711 ) Increase in intercompany notes receivable, net — (80 ) — — 80 — Dividends from subsidiaries — — 5,523 — (5,523 ) — Change in other, net — — — (214 ) — (214 ) Net cash provided by (used for) investing activities $ — $ (80 ) $ 13,962 $ (53,708 ) $ (5,443 ) $ (45,269 ) Cash flows from financing activities: Draws on credit facilities — — — 3,125 — 3,125 Payments on credit facilities — — — (761 ) — (761 ) Payments on long-term debt — — (47 ) (301 ) — (348 ) Net transfers from iHeartCommunications (43,109 ) — — — — (43,109 ) Dividends and other payments from noncontrolling interests — — — 182 — 182 Dividends paid (282,055 ) — — (5,523 ) 5,523 (282,055 ) Increase in intercompany notes payable, net — — — 80 (80 ) — Intercompany funding 31,550 61,921 (99,017 ) 5,546 — — Change in other, net (1,012 ) — — — — (1,012 ) Net cash provided by (used for) financing activities (294,626 ) 61,921 (99,064 ) 2,348 5,443 (323,978 ) Effect of exchange rate changes on cash — — — 6,246 — 6,246 Net decrease in cash and cash equivalents (286,215 ) — (51,702 ) (44,168 ) — (382,085 ) Cash, cash equivalents and restricted cash at beginning of year 300,285 — 61,542 201,322 — 563,149 Cash, cash equivalents and restricted cash at end of year $ 14,070 $ — $ 9,840 $ 157,154 $ — $ 181,064

BASIS OF PRESENTATION - Summary

BASIS OF PRESENTATION - Summary of Changes in Financial Statements Due to Error Corrections (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Other long-term liabilities	$ 259,519		$ 259,519		$ 287,304
Accumulated deficit	(4,961,485)		(4,961,485)		(4,781,245)
Accumulated other comprehensive loss	(347,814)		(347,814)		(340,094)
Total Stockholders' Deficit	(2,078,952)	$ (1,227,464)	(2,078,952)	$ (1,227,464)	(1,858,294)	$ (936,854)
Statement of Comprehensive Income [Abstract]
Direct operating expenses (excludes depreciation and amortization)	372,936	352,748	734,538	682,406
Operating income	93,989	87,872	84,141	107,743
Income (loss) before income taxes	(38,190)	17,669	(125,661)	(36,891)
Consolidated net loss	(42,943)	(721)	(175,781)	(33,444)
Net loss attributable to the Company	(50,383)	(7,352)	(178,805)	(38,080)
Foreign currency translation adjustments	(18,620)	20,687	(11,838)	30,264
Other comprehensive income	(18,620)	20,846	(11,838)	28,722
Comprehensive income	(69,003)	13,494	(190,643)	(9,358)
Comprehensive income attributable to the Company	$ (61,084)	$ 7,642	$ (187,960)	$ (12,687)
Basic loss per share (in dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.11)
Diluted loss per share (in dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.11)
As Reported
Statement of Financial Position [Abstract]
Other long-term liabilities					270,415
Accumulated deficit					(4,765,514)
Accumulated other comprehensive loss					(338,936)
Total Stockholders' Deficit					(1,841,405)
Statement of Comprehensive Income [Abstract]
Direct operating expenses (excludes depreciation and amortization)		$ 350,173		$ 678,104
Operating income		90,447		112,045
Income (loss) before income taxes		20,244		(32,589)
Consolidated net loss		1,854		(29,142)
Net loss attributable to the Company		(4,777)		(33,778)
Foreign currency translation adjustments		21,344		30,997
Other comprehensive income		21,503		29,455
Comprehensive income		16,726		(4,323)
Comprehensive income attributable to the Company		$ 10,874		$ (7,652)
Basic loss per share (in dollars per share)		$ (0.01)		$ (0.09)
Diluted loss per share (in dollars per share)		$ (0.01)		$ (0.09)
Correction
Statement of Financial Position [Abstract]
Other long-term liabilities					16,889
Accumulated deficit					(15,731)
Accumulated other comprehensive loss					(1,158)
Total Stockholders' Deficit					$ (16,889)
Statement of Comprehensive Income [Abstract]
Direct operating expenses (excludes depreciation and amortization)		$ 2,575		$ 4,302
Operating income		(2,575)		(4,302)
Income (loss) before income taxes		(2,575)		(4,302)
Consolidated net loss		(2,575)		(4,302)
Net loss attributable to the Company		(2,575)		(4,302)
Foreign currency translation adjustments		(657)		(733)
Other comprehensive income		(657)		(733)
Comprehensive income		(3,232)		(5,035)
Comprehensive income attributable to the Company		$ (3,232)		$ (5,035)
Basic loss per share (in dollars per share)		$ (0.01)		$ (0.02)
Diluted loss per share (in dollars per share)		$ (0.01)		$ (0.02)

BASIS OF PRESENTATION - Trade a

BASIS OF PRESENTATION - Trade and Barter Revenues and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Trade and barter revenues	$ 4,326	$ 4,839	$ 7,772	$ 9,164
Trade and barter expenses	$ 2,708	$ 1,977	$ 6,451	$ 5,474
Maximum | Americas and International Outdoor Advertising
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customer, contract period			1 year

BASIS OF PRESENTATION - Schedul

BASIS OF PRESENTATION - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 172,310	$ 144,119
Restricted cash included in:
Other current assets	30,334	26,096
Other assets	16,552	18,095
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	$ 219,196	$ 188,310	$ 181,064	$ 563,149

REVENUES - Revenue by Segment a

REVENUES - Revenue by Segment and Geographical Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	$ 365,238	$ 335,529	$ 673,645	$ 606,199
Revenue from leases	346,742	336,790	637,046	610,846
Revenue, total	711,980	672,319	1,310,691	1,217,045
United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	115,488	108,520	211,635	202,182
Other Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	18,498	23,425	35,940	40,413
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	225,538	198,313	413,919	352,917
Asia-Pacific and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	5,643	5,231	12,151	10,687
Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	116,122	113,186	212,919	210,379
Revenue from leases	183,800	187,005	342,850	350,158
Revenue, total	299,922	300,191	555,769	560,537
Americas | United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	115,488	108,520	211,635	202,182
Americas | Other Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	634	4,260	1,284	7,791
Americas | Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	0	0	0
Americas | Asia-Pacific and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	406	0	406
International
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	249,116	222,343	460,726	395,820
Revenue from leases	162,942	149,785	294,196	260,688
Revenue, total	412,058	372,128	754,922	656,508
International | United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	0	0	0
International | Other Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	17,864	19,165	34,656	32,622
International | Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	225,538	198,313	413,919	352,917
International | Asia-Pacific and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	5,643	4,825	12,151	10,281
Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	71	40	0	0
Eliminations | Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	0	0	0
Eliminations | International
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	$ 71	$ 40	$ 0	$ 0

REVENUES - Schedule of Contract

REVENUES - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Contract Assets
Beginning balance, net of allowance	$ 310,264	$ 271,993	$ 351,228	$ 300,216
Additions (collections), net	17,631	49,771	(22,692)	21,766
Bad debt, net of recoveries	(946)	(665)	(1,587)	(883)
Ending balance, net of allowance	326,949	321,099	326,949	321,099
Accounts receivable from leases, net of allowance					$ 311,117			$ 312,584
Total accounts receivable, net of allowance					638,066		$ 659,463	633,683
Contract Liabilities
Beginning balance	45,493	44,744	45,493	44,744	45,493	$ 45,004	28,211	44,744	$ 48,849	$ 28,681
Revenue recognized, included in beginning balance	(28,898)	(34,503)	(23,095)	(24,569)
Additions, net of revenue recognized during period	29,387	30,398	40,377	40,632
Ending balance	$ 45,493	$ 44,744	$ 45,493	$ 44,744
Deferred income from leases					59,916			62,048
Total deferred income					105,409			106,792
Less: Non-current portion, included in other long-term liabilities					4,966			4,888
Total deferred income, current portion					$ 100,443		$ 59,178	$ 101,904

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) $ in Millions	Jun. 30, 2018USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation	$ 66.9

REVENUES - Revenue From Leases

REVENUES - Revenue From Leases (Details) $ in Thousands	Jun. 30, 2018USD ($)
Revenue from Contract with Customer [Abstract]
2,018	$ 277,462
2,019	34,395
2,020	17,155
2,021	12,004
2,022	8,552
Thereafter	7,197
Total minimum future rentals	$ 356,765

PROPERTY, PLANT AND EQUIPMENT33

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,203,840	$ 3,245,173
Less: accumulated depreciation	1,915,099	1,850,144
Property, plant and equipment, net	1,288,741	1,395,029
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	145,191	145,763
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,821,508	2,864,442
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	191,211	179,215
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 45,930	$ 55,753

PROPERTY, PLANT AND EQUIPMENT34

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets in International outdoor segment	$ 977,152,000		$ 977,152,000		$ 977,152,000
Amortization expense related to definite-lived intangible assets	5,200,000	$ 7,100,000	10,300,000	$ 14,100,000
International
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets in International outdoor segment	$ 0		$ 0

PROPERTY, PLANT AND EQUIPMENT35

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 707,781	$ 716,464
Accumulated Amortization	(444,965)	(442,602)
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	538,778	548,918
Accumulated Amortization	(440,758)	(440,284)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	162,920	162,920
Accumulated Amortization	0	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,083	4,626
Accumulated Amortization	$ (4,207)	$ (2,318)

PROPERTY, PLANT AND EQUIPMENT36

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2018USD ($)
Property, Plant and Equipment [Abstract]
2,019	$ 15,143
2,020	12,794
2,021	12,656
2,022	10,786
2,023	$ 6,392

PROPERTY, PLANT AND EQUIPMENT37

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Goodwill
Beginning balance	$ 714,043	$ 696,263
Acquisitions		2,252
Impairment		(1,591)
Foreign currency	(5,566)	18,847
Ending balance	708,477	714,043
Dispositions
Goodwill
Dispositions and assets held for sale		(1,817)
Assets held for sale
Goodwill
Dispositions and assets held for sale		89
Americas
Goodwill
Beginning balance	507,819	505,478
Acquisitions		2,252
Impairment		0
Foreign currency	0	0
Ending balance	507,819	507,819
Americas | Dispositions
Goodwill
Dispositions and assets held for sale		0
Americas | Assets held for sale
Goodwill
Dispositions and assets held for sale		89
International
Goodwill
Beginning balance	206,224	190,785
Acquisitions		0
Impairment		(1,591)
Foreign currency	(5,566)	18,847
Ending balance	$ 200,658	206,224
International | Dispositions
Goodwill
Dispositions and assets held for sale		(1,817)
International | Assets held for sale
Goodwill
Dispositions and assets held for sale		$ 0

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt Outstanding (Details) - USD ($)	Jun. 29, 2018	Jun. 30, 2018	Jun. 01, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt		$ 5,272,528,000		$ 5,266,726,000
Original issue discount		(485,000)		(241,000)
Long-term debt fees		(31,188,000)		(35,426,000)
Less: current portion		429,000		573,000
Total long-term debt		5,272,099,000		5,266,153,000
Letters of credit outstanding		85,900,000
Receivables Based Credit Facility Due 2023
Debt Instrument [Line Items]
Total debt		0		0
Clear Channel International B.V. Senior Notes Due 2020
Debt Instrument [Line Items]
Total debt		$ 375,000,000		375,000,000
Stated interest rate		8.75%
Other debt
Debt Instrument [Line Items]
Total debt		$ 4,201,000		2,393,000
CCO Receivables Based Credit Facility Due 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		112,200,000
Letters of credit outstanding		60,700,000
Amount available under receivables based credit facility		51,500,000
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%
Line of Credit | CCO Receivables Based Credit Facility Due 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 75,000,000
Subsidiary | Line of Credit | CCO Receivables Based Credit Facility Due 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 125,000,000	$ 112,200,000	$ 75,000,000
Incremental increase of facility	$ 50,000,000
Credit facility term	5 years
Letters of credit outstanding		60,700,000
Amount available under receivables based credit facility		$ 51,500,000

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)	Jun. 29, 2018USD ($)	Jun. 01, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Level 1
Guarantor Obligations [Line Items]
Aggregate market value of debt			$ 5,400,000,000	$ 5,300,000,000
Clear Channel International B.V. Senior Notes Due 2020
Guarantor Obligations [Line Items]
Stated interest rate			8.75%
Revolving Credit Facility | CCO Receivables Based Credit Facility Due 2023
Guarantor Obligations [Line Items]
Maximum borrowing capacity			$ 112,200,000
Revolving Credit Facility | CCO Receivables Based Credit Facility Due 2023 | Line of Credit
Guarantor Obligations [Line Items]
Maximum borrowing capacity		$ 75,000,000
Revolving Credit Facility | CCO Receivables Based Credit Facility Due 2023 | Subsidiary | Line of Credit
Guarantor Obligations [Line Items]
Borrowing base as a percentage of eligible accounts receivable		85.00%
Incremental increase of facility	$ 50,000,000
Maximum borrowing capacity	$ 125,000,000	$ 75,000,000	$ 112,200,000
Commitment fee percentage		0.375%
Letter of credit fee percentage		2.00%
Days prior to maximum amount outstanding before termination of agreement		90 days
Maximum outstanding borrowings before triggering of maturity		$ 250,000,000
Debt covenant, minimum borrowing capacity		$ 7,500,000
Debt covenant, percentage of aggregate commitments and borrowing base		10.00%
Minimum fixed charge coverage ratio		1
Federal funds rate | Revolving Credit Facility | CCO Receivables Based Credit Facility Due 2023 | Subsidiary | Line of Credit
Guarantor Obligations [Line Items]
Basis spread on variable rate (as a percent)		0.50%
Eurocurrency rate | Revolving Credit Facility | CCO Receivables Based Credit Facility Due 2023 | Subsidiary | Line of Credit
Guarantor Obligations [Line Items]
Basis spread on variable rate (as a percent)		1.00%
Applicable rate for borrowing under Credit Agreement			2.00%
Base rate | Revolving Credit Facility | CCO Receivables Based Credit Facility Due 2023 | Subsidiary | Line of Credit
Guarantor Obligations [Line Items]
Applicable rate for borrowing under Credit Agreement			1.00%

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees - Narrative (Details) $ in Millions	Jun. 30, 2018USD ($)
Guarantor Obligations [Line Items]
Letters of credit outstanding	$ 85.9
Surety bonds
Guarantor Obligations [Line Items]
Guarantee obligations	39.9
Bank guarantees
Guarantor Obligations [Line Items]
Guarantee obligations	38.5
Bank guarantees backed by cash collateral
Guarantor Obligations [Line Items]
Guarantee obligations	17.6
Letters of credit backed by cash collateral
Guarantor Obligations [Line Items]
Guarantee obligations	26
iHeartCommunications, Inc. | Surety bonds
Guarantor Obligations [Line Items]
Guarantee obligations	13.9
iHeartCommunications, Inc. | Commercial standby letters of credit
Guarantor Obligations [Line Items]
Guarantee obligations	$ 1.2

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended
	Jun. 30, 2018USD ($)
Ministry of Economic Affairs and Finance, Italy
Income Tax Examination [Line Items]
Estimated loss from Italy investigation	$ 17

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Related Party Transaction [Line Items]
Asset recorded in Due from iHeartCommunications	$ 154,758,000	$ 1,031,700,000	$ 211,990,000		$ 154,758,000
Related party, interest incurred		$ 21,300,000
Fixed interest rate on Due from iHeartCommunications					9.30%
Net interest income	0			$ 0	$ 0	$ 0
Due to iHeartCommunications, post iHeart Chapter 11 Cases	3,519,000		0		3,519,000
Component of corporate expenses	37,928,000			35,340,000	73,363,000	69,880,000
Component of selling, general and administrative expenses	125,289,000			125,898,000	252,697,000	241,672,000
iHeartCommunications
Related Party Transaction [Line Items]
Face amount of revolving promissory note	1,000,000,000				1,000,000,000
Loss on intercompany note			855,600,000
Allowance for loss on related party transaction			$ 855,600,000
Net interest income	0			15,400,000	0	30,200,000
iHeartCommunications | Corporate Services Agreement
Related Party Transaction [Line Items]
Component of corporate expenses	16,900,000			17,400,000	34,100,000	33,600,000
iHeartCommunications | Employee Matters Agreement
Related Party Transaction [Line Items]
Component of selling, general and administrative expenses	2,300,000			2,400,000	4,600,000	4,800,000
iHeartMedia, Inc.
Related Party Transaction [Line Items]
Revenue for advertisements	$ 2,900,000			$ 1,900,000	$ 4,400,000	$ 3,800,000
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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Current tax benefit (expense)	$ 21,502	$ (26,165)	$ (3,619)	$ (19,907)
Deferred tax benefit (expense)	(26,255)	7,775	(46,501)	23,354
Income tax benefit (expense)	$ (4,753)	$ (18,390)	$ (50,120)	$ 3,447

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Effective tax rate	(12.40%)	104.10%	(39.90%)	9.30%

STOCKHOLDERS' EQUITY (DEFICIT45

STOCKHOLDERS' EQUITY (DEFICIT) - Schedule of Changes in Stockholders' Equity (Deficit) (Details) - USD ($) $ in Thousands	Jan. 24, 2018	Feb. 23, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning Balances					$ (1,858,294)	$ (936,854)
Net income (loss)			$ (42,943)	$ (721)	(175,781)	(33,444)
Dividends paid					(29,995)	(282,486)
Payments to noncontrolling interests					(6,024)	(5,668)
Share-based compensation					3,625	4,259
Disposal of noncontrolling interest						(1,046)
Foreign currency translation adjustments					(11,838)	30,264
Unrealized holding loss on marketable securities			0	159	0	102
Reclassification adjustments			0	0	0	(1,644)
Other, net					(645)	(947)
Ending Balances			(2,078,952)	(1,227,464)	(2,078,952)	(1,227,464)
Payments of special cash dividend		$ 282,500
The Company
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning Balances					(2,015,334)	(1,086,740)
Net income (loss)					(178,805)	(38,080)
Dividends paid					(29,995)	(282,486)
Share-based compensation					3,026	3,941
Foreign currency translation adjustments					(9,155)	26,935
Unrealized holding loss on marketable securities						102
Reclassification adjustments						(1,644)
Other, net					(645)	(810)
Ending Balances			(2,230,908)	(1,378,782)	(2,230,908)	(1,378,782)
Noncontrolling Interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning Balances					157,040	149,886
Net income (loss)					3,024	4,636
Payments to noncontrolling interests					(6,024)	(5,668)
Share-based compensation					599	318
Disposal of noncontrolling interest						(1,046)
Foreign currency translation adjustments					(2,683)	3,329
Other, net						(137)
Ending Balances			$ 151,956	$ 151,318	$ 151,956	$ 151,318
iHeartCommunications, Inc.
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Payments of special cash dividend	$ 26,800	$ 254,000
Percentage of dividend payment	89.50%	89.90%
Public Stockholders
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Payments of special cash dividend	$ 3,200	$ 28,500
Percentage of dividend payment	10.50%	10.10%
Class A and Class B Stockholders
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Payments of special cash dividend	$ 30,000

STOCKHOLDERS' EQUITY (DEFICIT46

STOCKHOLDERS' EQUITY (DEFICIT) - Computation of Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
NUMERATOR:
Net loss attributable to the Company – common shares	$ (50,383)	$ (7,352)	$ (178,805)	$ (38,080)
DENOMINATOR:
Weighted average common shares outstanding - basic	361,708	361,131	361,612	360,944
Weighted average common shares outstanding - diluted	361,708	361,131	361,612	360,944
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.11)
Diluted (in dollars per share)	$ (0.14)	$ (0.02)	$ (0.49)	$ (0.11)
Outstanding equity awards not included in computation of diluted earnings per share (in shares)	6,700	6,300	6,700	6,300

OTHER INFORMATION (Details)

OTHER INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other Income and Expenses [Abstract]
Change in deferred income tax liabilities	$ 0	$ 0	$ 0	$ 0

SEGMENT DATA (Details)

SEGMENT DATA (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Revenue	$ 711,980	$ 672,319	$ 1,310,691	$ 1,217,045
Direct operating expenses	372,936	352,748	734,538	682,406
Selling, general and administrative expenses	125,289	125,898	252,697	241,672
Corporate expenses	37,928	35,340	73,363	69,880
Depreciation and amortization	82,767	78,290	166,827	155,784
Other operating income, net	929	7,829	875	40,440
Operating income	93,989	87,872	84,141	107,743
Capital expenditures	32,643	66,735	61,315	103,079
Share-based compensation expense	1,519	1,900	3,625	4,259
Americas
Segment Reporting Information [Line Items]
Revenue	299,922	300,191	555,769	560,537
International
Segment Reporting Information [Line Items]
Revenue	412,058	372,128	754,922	656,508
Operating segments | Americas
Segment Reporting Information [Line Items]
Revenue	299,922	300,191	555,769	560,537
Direct operating expenses	130,313	133,033	255,186	263,684
Selling, general and administrative expenses	47,824	49,439	96,774	99,817
Corporate expenses	0	0	0	0
Depreciation and amortization	43,123	42,854	87,627	85,670
Other operating income, net	0	0	0	0
Operating income	78,662	74,865	116,182	111,366
Capital expenditures	11,481	25,817	24,388	39,405
Share-based compensation expense	0	0	0	0
Operating segments | International
Segment Reporting Information [Line Items]
Revenue	412,058	372,128	754,922	656,508
Direct operating expenses	242,623	219,715	479,352	418,722
Selling, general and administrative expenses	77,465	76,459	155,923	141,855
Corporate expenses	0	0	0	0
Depreciation and amortization	38,683	34,095	77,248	67,247
Other operating income, net	0	0	0	0
Operating income	53,287	41,859	42,399	28,684
Capital expenditures	20,294	36,934	35,566	59,274
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	37,928	35,340	73,363	69,880
Depreciation and amortization	961	1,341	1,952	2,867
Other operating income, net	929	7,829	875	40,440
Operating income	(37,960)	(28,852)	(74,440)	(32,307)
Capital expenditures	868	3,984	1,361	4,400
Share-based compensation expense	$ 1,519	$ 1,900	$ 3,625	$ 4,259

GUARANTOR SUBSIDIARIES - Schedu

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 172,310		$ 144,119
Accounts receivable, net of allowance	638,066		659,463	$ 633,683
Intercompany receivables	0		0
Prepaid expenses	132,463		111,876
Other current assets	61,500		58,714
Total Current Assets	1,004,339		974,172
Structures, net	1,084,611		1,180,882
Other property, plant and equipment, net	204,130		214,147
Indefinite-lived intangibles	977,152		977,152
Other intangibles, net	262,816		273,862
Goodwill	708,477		714,043		$ 696,263
Due from iHeartCommunications	154,758	$ 1,031,700	211,990
Intercompany notes receivable	0		0
Other assets	124,769		124,534
Total Assets	4,521,052		4,670,782
Accounts payable	105,369		87,960
Intercompany payable	0		0
Accrued expenses	492,720		509,801
Deferred income	100,443		59,178	101,904
Current portion of long-term debt	429		573
Total Current Liabilities	698,961		657,512
Long-term debt	5,272,099		5,266,153
Intercompany notes payable	0		0
Due to iHeartCommunications, post iHeart Chapter 11 Cases	3,519		0
Deferred tax liability	365,906		318,107
Other long-term liabilities	259,519		287,304
Total stockholders' equity (deficit)	(2,078,952)		(1,858,294)	$ (1,227,464)	$ (936,854)
Total Liabilities and Stockholders' Equity (Deficit)	4,521,052		4,670,782
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0		0
Accounts receivable, net of allowance	0		0
Intercompany receivables	(3,733,212)		(3,798,016)
Prepaid expenses	0		0
Other current assets	0		0
Total Current Assets	(3,733,212)		(3,798,016)
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	(5,299,772)		(5,298,478)
Other assets	(1,587,968)		(1,840,293)
Total Assets	(10,620,952)		(10,936,787)
Accounts payable	0		0
Intercompany payable	(3,733,212)		(3,798,016)
Accrued expenses	0		0
Deferred income	0		0
Current portion of long-term debt	0		0
Total Current Liabilities	(3,733,212)		(3,798,016)
Long-term debt	0		0
Intercompany notes payable	(5,299,772)		(5,298,478)
Due to iHeartCommunications, post iHeart Chapter 11 Cases	0
Deferred tax liability	0		0
Other long-term liabilities	0		0
Total stockholders' equity (deficit)	(1,587,968)		(1,840,293)
Total Liabilities and Stockholders' Equity (Deficit)	(10,620,952)		(10,936,787)
Parent Company | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	1,598		2,212
Accounts receivable, net of allowance	0		0
Intercompany receivables	0		0
Prepaid expenses	238		291
Other current assets	25,961		25,441
Total Current Assets	27,797		27,944
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	154,758		211,990
Intercompany notes receivable	182,026		182,026
Other assets	277,899		447,152
Total Assets	642,480		869,112
Accounts payable	0		0
Intercompany payable	2,876,183		2,924,888
Accrued expenses	(23,393)		1,167
Deferred income	0		0
Current portion of long-term debt	0		0
Total Current Liabilities	2,852,790		2,926,055
Long-term debt	0		0
Intercompany notes payable	0		0
Due to iHeartCommunications, post iHeart Chapter 11 Cases	3,519
Deferred tax liability	(34,138)		(93,111)
Other long-term liabilities	594		1,157
Total stockholders' equity (deficit)	(2,180,285)		(1,964,989)
Total Liabilities and Stockholders' Equity (Deficit)	642,480		869,112
Subsidiary Issuer | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0		0
Accounts receivable, net of allowance	0		0
Intercompany receivables	783,638		785,075
Prepaid expenses	1,522		3,433
Other current assets	0		0
Total Current Assets	785,160		788,508
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	5,096,572		5,087,742
Other assets	74,554		111,432
Total Assets	5,956,286		5,987,682
Accounts payable	0		0
Intercompany payable	0		0
Accrued expenses	2,666		(1,315)
Deferred income	0		0
Current portion of long-term debt	0		0
Total Current Liabilities	2,666		(1,315)
Long-term debt	4,898,230		4,895,104
Intercompany notes payable	16,273		16,273
Due to iHeartCommunications, post iHeart Chapter 11 Cases	0
Deferred tax liability	853		853
Other long-term liabilities	0		0
Total stockholders' equity (deficit)	1,038,264		1,076,767
Total Liabilities and Stockholders' Equity (Deficit)	5,956,286		5,987,682
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	16,932		22,841
Accounts receivable, net of allowance	196,781		192,493
Intercompany receivables	2,876,183		2,924,888
Prepaid expenses	64,417		50,028
Other current assets	2,262		2,552
Total Current Assets	3,156,575		3,192,802
Structures, net	627,071		675,443
Other property, plant and equipment, net	113,349		119,856
Indefinite-lived intangibles	977,152		977,152
Other intangibles, net	241,625		248,674
Goodwill	507,819		507,820
Due from iHeartCommunications	0		0
Intercompany notes receivable	4,901		12,437
Other assets	1,289,408		1,335,346
Total Assets	6,917,900		7,069,530
Accounts payable	32,321		7,592
Intercompany payable	857,029		873,128
Accrued expenses	108,595		91,325
Deferred income	44,238		25,278
Current portion of long-term debt	214		115
Total Current Liabilities	1,042,397		997,438
Long-term debt	3,771		1,820
Intercompany notes payable	5,039,420		5,046,119
Due to iHeartCommunications, post iHeart Chapter 11 Cases	0
Deferred tax liability	446,664		466,827
Other long-term liabilities	139,829		140,272
Total stockholders' equity (deficit)	245,819		417,054
Total Liabilities and Stockholders' Equity (Deficit)	6,917,900		7,069,530
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	153,780		119,066
Accounts receivable, net of allowance	441,285		466,970
Intercompany receivables	73,391		88,053
Prepaid expenses	66,286		58,124
Other current assets	33,277		30,721
Total Current Assets	768,019		762,934
Structures, net	457,540		505,439
Other property, plant and equipment, net	90,781		94,291
Indefinite-lived intangibles	0		0
Other intangibles, net	21,191		25,188
Goodwill	200,658		206,223
Due from iHeartCommunications	0		0
Intercompany notes receivable	16,273		16,273
Other assets	70,876		70,897
Total Assets	1,625,338		1,681,245
Accounts payable	73,048		80,368
Intercompany payable	0		0
Accrued expenses	404,852		418,624
Deferred income	56,205		33,900
Current portion of long-term debt	215		458
Total Current Liabilities	534,320		533,350
Long-term debt	370,098		369,229
Intercompany notes payable	244,079		236,086
Due to iHeartCommunications, post iHeart Chapter 11 Cases	0
Deferred tax liability	(47,473)		(56,462)
Other long-term liabilities	119,096		145,875
Total stockholders' equity (deficit)	405,218		453,167
Total Liabilities and Stockholders' Equity (Deficit)	$ 1,625,338		$ 1,681,245

GUARANTOR SUBSIDIARIES - Sche50

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Statement of Income Captions [Line Items]
Revenue	$ 711,980	$ 672,319	$ 1,310,691	$ 1,217,045
Operating expenses:
Direct operating expenses	372,936	352,748	734,538	682,406
Selling, general and administrative expenses	125,289	125,898	252,697	241,672
Corporate expenses	37,928	35,340	73,363	69,880
Depreciation and amortization	82,767	78,290	166,827	155,784
Other operating income (expense), net	929	7,829	875	40,440
Operating income	93,989	87,872	84,141	107,743
Interest (income) expense, net	96,987	94,630	194,251	187,263
Interest income on Due from iHeartCommunications	210	15,383	210	30,190
Intercompany interest income	0	0	0	0
Intercompany interest expense	0	0	0	0
Equity in loss of nonconsolidated affiliates	(6)	271	182	(201)
Other income (expense), net	(35,396)	8,773	(15,943)	12,640
Income (loss) before income taxes	(38,190)	17,669	(125,661)	(36,891)
Income tax benefit (expense)	(4,753)	(18,390)	(50,120)	3,447
Consolidated net loss	(42,943)	(721)	(175,781)	(33,444)
Less amount attributable to noncontrolling interest	7,440	6,631	3,024	4,636
Net loss attributable to the Company	(50,383)	(7,352)	(178,805)	(38,080)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(18,620)	20,687	(11,838)	30,264
Unrealized holding gain on marketable securities	0	159	0	102
Reclassification adjustments	0	0	0	(1,644)
Equity in subsidiary comprehensive income	0	0	0	0
Comprehensive income (loss)	(69,003)	13,494	(190,643)	(9,358)
Less amount attributable to noncontrolling interest	(7,919)	5,852	(2,683)	3,329
Comprehensive income (loss) attributable to the Company	(61,084)	7,642	(187,960)	(12,687)
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
Other operating income (expense), net	0	0	0	0
Operating income	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	(99,976)	(105,130)	(199,647)	(209,315)
Intercompany interest expense	(99,976)	(105,130)	(199,647)	(209,315)
Equity in loss of nonconsolidated affiliates	106,606	(31,130)	231,663	48,898
Other income (expense), net	0	0	0	0
Income (loss) before income taxes	106,606	(31,130)	231,663	48,898
Income tax benefit (expense)	0	0	0	0
Consolidated net loss	106,606	(31,130)	231,663	48,898
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	106,606	(31,130)	231,663	48,898
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Unrealized holding gain on marketable securities		0		0
Reclassification adjustments				0
Equity in subsidiary comprehensive income	23,757	(47,800)	20,382	(74,175)
Comprehensive income (loss)	130,363	(78,930)	252,045	(25,277)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	130,363	(78,930)	252,045	(25,277)
Parent Company | Reportable Legal Entities
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	(803)	3,443	2,256	7,370
Depreciation and amortization	0	0	0	0
Other operating income (expense), net	9	(103)	(95)	(206)
Operating income	812	(3,546)	(2,351)	(7,576)
Interest (income) expense, net	(8)	(91)	(10)	(392)
Interest income on Due from iHeartCommunications	210	15,383	210	30,190
Intercompany interest income	4,240	4,081	8,386	8,146
Intercompany interest expense	210	15,383	210	30,190
Equity in loss of nonconsolidated affiliates	(47,422)	(8,020)	(162,356)	(40,656)
Other income (expense), net	(416)	4,786	0	10,233
Income (loss) before income taxes	(42,778)	(2,608)	(156,311)	(29,461)
Income tax benefit (expense)	(9,095)	(2,169)	(22,494)	(4,317)
Consolidated net loss	(51,873)	(4,777)	(178,805)	(33,778)
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	(51,873)	(4,777)	(178,805)	(33,778)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Unrealized holding gain on marketable securities		0		0
Reclassification adjustments				0
Equity in subsidiary comprehensive income	(11,066)	15,651	(9,155)	26,126
Comprehensive income (loss)	(62,939)	10,874	(187,960)	(7,652)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(62,939)	10,874	(187,960)	(7,652)
Subsidiary Issuer | Reportable Legal Entities
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
Other operating income (expense), net	0	0	0	0
Operating income	0	0	0	0
Interest (income) expense, net	88,143	88,303	176,312	176,634
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	90,246	85,182	180,474	170,284
Intercompany interest expense	242	61	459	118
Equity in loss of nonconsolidated affiliates	(28,838)	20,363	(33,857)	(926)
Other income (expense), net	0	0	0	0
Income (loss) before income taxes	(26,977)	17,181	(30,154)	(7,394)
Income tax benefit (expense)	(2,666)	3,394	(5,328)	2,287
Consolidated net loss	(29,643)	20,575	(35,482)	(5,107)
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	(29,643)	20,575	(35,482)	(5,107)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Unrealized holding gain on marketable securities		0		0
Reclassification adjustments				0
Equity in subsidiary comprehensive income	(2,921)	16,818	(3,298)	22,017
Comprehensive income (loss)	(32,564)	37,393	(38,780)	16,910
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(32,564)	37,393	(38,780)	16,910
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Revenue	297,866	291,000	551,529	543,986
Operating expenses:
Direct operating expenses	128,880	126,650	252,225	251,542
Selling, general and administrative expenses	47,553	47,718	96,276	96,189
Corporate expenses	27,822	23,653	51,744	45,934
Depreciation and amortization	43,831	43,463	89,059	86,980
Other operating income (expense), net	937	1,047	337	33,650
Operating income	50,717	50,563	62,562	96,991
Interest (income) expense, net	430	(34)	818	(671)
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	5,490	15,770	10,787	30,788
Intercompany interest expense	94,486	89,360	188,860	178,527
Equity in loss of nonconsolidated affiliates	(30,089)	18,988	(34,878)	(6,712)
Other income (expense), net	208	(76)	1,849	(1,533)
Income (loss) before income taxes	(68,590)	(4,081)	(149,358)	(58,322)
Income tax benefit (expense)	21,168	(3,939)	(12,998)	17,666
Consolidated net loss	(47,422)	(8,020)	(162,356)	(40,656)
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	(47,422)	(8,020)	(162,356)	(40,656)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(1,296)	320	(1,226)	94
Unrealized holding gain on marketable securities		0		0
Reclassification adjustments				0
Equity in subsidiary comprehensive income	(9,770)	15,331	(7,929)	26,032
Comprehensive income (loss)	(58,488)	7,631	(171,511)	(14,530)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive income (loss) attributable to the Company	(58,488)	7,631	(171,511)	(14,530)
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Revenue	414,114	381,319	759,162	673,059
Operating expenses:
Direct operating expenses	244,056	226,098	482,313	430,864
Selling, general and administrative expenses	77,736	78,180	156,421	145,483
Corporate expenses	10,909	8,244	19,363	16,576
Depreciation and amortization	38,936	34,827	77,768	68,804
Other operating income (expense), net	(17)	6,885	633	6,996
Operating income	42,460	40,855	23,930	18,328
Interest (income) expense, net	8,422	6,452	17,131	11,692
Interest income on Due from iHeartCommunications	0	0	0	0
Intercompany interest income	0	97	0	97
Intercompany interest expense	5,038	326	10,118	480
Equity in loss of nonconsolidated affiliates	(263)	70	(390)	(805)
Other income (expense), net	(35,188)	4,063	(17,792)	3,940
Income (loss) before income taxes	(6,451)	38,307	(21,501)	9,388
Income tax benefit (expense)	(14,160)	(15,676)	(9,300)	(12,189)
Consolidated net loss	(20,611)	22,631	(30,801)	(2,801)
Less amount attributable to noncontrolling interest	7,440	6,631	3,024	4,636
Net loss attributable to the Company	(28,051)	16,000	(33,825)	(7,437)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(17,324)	20,367	(10,612)	30,170
Unrealized holding gain on marketable securities		159		102
Reclassification adjustments				(1,644)
Equity in subsidiary comprehensive income	0	0	0	0
Comprehensive income (loss)	(45,375)	36,526	(44,437)	21,191
Less amount attributable to noncontrolling interest	(7,919)	5,852	(2,683)	3,329
Comprehensive income (loss) attributable to the Company	$ (37,456)	$ 30,674	$ (41,754)	$ 17,862

GUARANTOR SUBSIDIARIES - Sche51

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Consolidated net loss	$ (42,943)	$ (721)	$ (175,781)	$ (33,444)
Reconciling items:
Depreciation and amortization	82,767	78,290	166,827	155,784
Deferred taxes	26,255	(7,775)	46,501	(23,354)
Provision for doubtful accounts			3,317	4,072
Amortization of deferred financing charges and note discounts, net			5,293	5,368
Share-based compensation	1,519	1,900	3,625	4,259
Gain on sale of operating and fixed assets			(1,115)	(41,597)
Equity in loss of nonconsolidated affiliates	6	(271)	(182)	201
Foreign exchange transaction (gain) loss			14,535	(12,709)
Other reconciling items, net			(916)	(3,368)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			7,842	(22,118)
(Increase) decrease in prepaids and other current assets			(25,223)	(15,379)
Increase (decrease) in accrued expenses			(30,788)	(58,153)
Increase (decrease) in accounts payable			19,459	(16,141)
Decrease in accrued interest			488	(61)
Increase in deferred income			42,791	30,563
Changes in other operating assets and liabilities			(10,805)	6,993
Net cash provided by (used for) operating activities			65,868	(19,084)
Cash flows from investing activities:
Purchases of property, plant and equipment	(32,643)	(66,735)	(61,315)	(103,079)
Proceeds from disposal of assets			3,040	59,735
Purchases of other operating assets			(35)	(1,711)
Increase in intercompany notes receivable, net			0	0
Dividends from subsidiaries			0	0
Change in other, net			47	(214)
Net cash used for investing activities			(58,263)	(45,269)
Cash flows from financing activities:
Draws on credit facilities			0	3,125
Payments on credit facilities			0	(761)
Payments on long-term debt			(316)	(348)
Net transfers to iHeartCommunications			60,751	(43,109)
Dividends and other payments to noncontrolling interests			(211)	182
Dividends paid			(30,624)	(282,055)
Increase in intercompany notes payable, net			0	0
Intercompany funding			0	0
Change in other, net			(2,000)	(1,012)
Net cash provided by (used for) financing activities			27,600	(323,978)
Effect of exchange rate changes on cash			(4,319)	6,246
Net increase (decrease) in cash, cash equivalents and restricted cash			30,886	(382,085)
Cash, cash equivalents and restricted cash at beginning of period			188,310	563,149
Cash, cash equivalents and restricted cash at end of period	219,196	181,064	219,196	181,064
Eliminations
Cash flows from operating activities:
Consolidated net loss	106,606	(31,130)	231,663	48,898
Reconciling items:
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 on sale of operating and fixed assets			0	0
Equity in loss of nonconsolidated affiliates	(106,606)	31,130	(231,663)	(48,898)
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) decrease in prepaids and other current assets			0	0
Increase (decrease) in accrued expenses			0	0
Increase (decrease) in accounts payable			0	0
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			8,829	80
Dividends from subsidiaries			(1,111)	(5,523)
Change in other, net			0	0
Net cash used for investing activities			7,718	(5,443)
Cash flows from financing activities:
Draws on credit facilities				0
Payments on credit facilities				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			1,111	5,523
Increase in intercompany notes payable, net			(8,829)	(80)
Intercompany funding			0	0
Change in other, net			0	0
Net cash provided by (used for) financing activities			(7,718)	5,443
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash, cash equivalents and restricted cash			0	0
Cash, cash equivalents and restricted cash at beginning of period			0	0
Cash, cash equivalents and restricted cash at end of period	0	0	0	0
Parent Company | Reportable Legal Entities
Cash flows from operating activities:
Consolidated net loss	(51,873)	(4,777)	(178,805)	(33,778)
Reconciling items:
Depreciation and amortization	0	0	0	0
Deferred taxes			58,972	0
Provision for doubtful accounts			0	0
Amortization of deferred financing charges and note discounts, net			0	0
Share-based compensation			0	0
Gain on sale of operating and fixed assets			0	0
Equity in loss of nonconsolidated affiliates	47,422	8,020	162,356	40,656
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) decrease in prepaids and other current assets			54	90
Increase (decrease) in accrued expenses			(24,438)	1,443
Increase (decrease) in accounts payable			0	0
Decrease in accrued interest			0	0
Increase in deferred income			0	0
Changes in other operating assets and liabilities			(1,981)	0
Net cash provided by (used for) operating activities			16,158	8,411
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			0	0
Net cash used for investing activities			0	0
Cash flows from financing activities:
Draws on credit facilities				0
Payments on credit facilities				0
Payments on long-term debt			0	0
Net transfers to iHeartCommunications			60,751	(43,109)
Dividends and other payments to noncontrolling interests			0	0
Dividends paid			(30,624)	(282,055)
Increase in intercompany notes payable, net			0	0
Intercompany funding			(45,677)	31,550
Change in other, net			(702)	(1,012)
Net cash provided by (used for) financing activities			(16,252)	(294,626)
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash, cash equivalents and restricted cash			(94)	(286,215)
Cash, cash equivalents and restricted cash at beginning of period			27,653	300,285
Cash, cash equivalents and restricted cash at end of period	27,559	14,070	27,559	14,070
Subsidiary Issuer | Reportable Legal Entities
Cash flows from operating activities:
Consolidated net loss	(29,643)	20,575	(35,482)	(5,107)
Reconciling items:
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			4,424	4,387
Share-based compensation			0	0
Gain on sale of operating and fixed assets			0	0
Equity in loss of nonconsolidated affiliates	28,838	(20,363)	33,857	926
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) decrease in prepaids and other current assets			1,912	0
Increase (decrease) in accrued expenses			3,981	(62,047)
Increase (decrease) in accounts payable			0	0
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			8,692	(61,841)
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			(8,829)	(80)
Dividends from subsidiaries			0	0
Change in other, net			0	0
Net cash used for investing activities			(8,829)	(80)
Cash flows from financing activities:
Draws on credit facilities				0
Payments on credit facilities				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
Increase in intercompany notes payable, net			0	0
Intercompany funding			1,435	61,921
Change in other, net			(1,298)	0
Net cash provided by (used for) financing activities			137	61,921
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash, cash equivalents and restricted cash			0	0
Cash, cash equivalents and restricted cash at beginning of period			0	0
Cash, cash equivalents and restricted cash at end of period	0	0	0	0
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Consolidated net loss	(47,422)	(8,020)	(162,356)	(40,656)
Reconciling items:
Depreciation and amortization	43,831	43,463	89,059	86,980
Deferred taxes			(20,163)	(20,030)
Provision for doubtful accounts			1,719	1,073
Amortization of deferred financing charges and note discounts, net			0	0
Share-based compensation			3,026	3,324
Gain on sale of operating and fixed assets			(336)	(33,662)
Equity in loss of nonconsolidated affiliates	30,089	(18,988)	34,878	6,712
Foreign exchange transaction (gain) loss			(49)	73
Other reconciling items, net			241	(2,597)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			(6,008)	(2,894)
(Increase) decrease in prepaids and other current assets			(15,386)	(11,291)
Increase (decrease) in accrued expenses			17,068	42,603
Increase (decrease) in accounts payable			24,729	(10,448)
Decrease in accrued interest			80	(29)
Increase in deferred income			17,547	13,702
Changes in other operating assets and liabilities			2,655	540
Net cash provided by (used for) operating activities			(13,296)	33,400
Cash flows from investing activities:
Purchases of property, plant and equipment			(25,582)	(43,439)
Proceeds from disposal of assets			2,408	51,878
Purchases of other operating assets			0	0
Increase in intercompany notes receivable, net			0	0
Dividends from subsidiaries			1,111	5,523
Change in other, net			(3)	0
Net cash used for investing activities			(22,066)	13,962
Cash flows from financing activities:
Draws on credit facilities				0
Payments on credit facilities				0
Payments on long-term debt			(84)	(47)
Net transfers to iHeartCommunications			0	0
Dividends and other payments to noncontrolling interests			0	0
Dividends paid			0	0
Increase in intercompany notes payable, net			0	0
Intercompany funding			29,537	(99,017)
Change in other, net			0	0
Net cash provided by (used for) financing activities			29,453	(99,064)
Effect of exchange rate changes on cash			0	0
Net increase (decrease) in cash, cash equivalents and restricted cash			(5,909)	(51,702)
Cash, cash equivalents and restricted cash at beginning of period			22,841	61,542
Cash, cash equivalents and restricted cash at end of period	16,932	9,840	16,932	9,840
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Consolidated net loss	(20,611)	22,631	(30,801)	(2,801)
Reconciling items:
Depreciation and amortization	38,936	34,827	77,768	68,804
Deferred taxes			7,692	(3,324)
Provision for doubtful accounts			1,598	2,999
Amortization of deferred financing charges and note discounts, net			869	981
Share-based compensation			599	935
Gain on sale of operating and fixed assets			(779)	(7,935)
Equity in loss of nonconsolidated affiliates	263	(70)	390	805
Foreign exchange transaction (gain) loss			14,584	(12,782)
Other reconciling items, net			(1,157)	(771)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable			13,850	(19,224)
(Increase) decrease in prepaids and other current assets			(11,803)	(4,178)
Increase (decrease) in accrued expenses			(27,399)	(40,152)
Increase (decrease) in accounts payable			(5,270)	(5,693)
Decrease in accrued interest			408	(32)
Increase in deferred income			25,244	16,861
Changes in other operating assets and liabilities			(11,479)	6,453
Net cash provided by (used for) operating activities			54,314	946
Cash flows from investing activities:
Purchases of property, plant and equipment			(35,733)	(59,640)
Proceeds from disposal of assets			632	7,857
Purchases of other operating assets			(35)	(1,711)
Increase in intercompany notes receivable, net			0	0
Dividends from subsidiaries			0	0
Change in other, net			50	(214)
Net cash used for investing activities			(35,086)	(53,708)
Cash flows from financing activities:
Draws on credit facilities				3,125
Payments on credit facilities				(761)
Payments on long-term debt			(232)	(301)
Net transfers to iHeartCommunications			0	0
Dividends and other payments to noncontrolling interests			(211)	182
Dividends paid			(1,111)	(5,523)
Increase in intercompany notes payable, net			8,829	80
Intercompany funding			14,705	5,546
Change in other, net			0	0
Net cash provided by (used for) financing activities			21,980	2,348
Effect of exchange rate changes on cash			(4,319)	6,246
Net increase (decrease) in cash, cash equivalents and restricted cash			36,889	(44,168)
Cash, cash equivalents and restricted cash at beginning of period			137,816	201,322
Cash, cash equivalents and restricted cash at end of period	$ 174,705	$ 157,154	$ 174,705	$ 157,154