Clear Channel Outdoor (CCO) 10-Q 1 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 30, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	Clear Channel Outdoor Holdings, Inc.
Entity Central Index Key	0001334978
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		465,981,195

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 372,497	$ 182,456
Accounts receivable, net of allowance of $26,412 as of June 30, 2019 and $24,224 as of December 31, 2018	656,438	706,309
Prepaid expenses	66,088	95,734
Other current assets	33,709	31,301
Total Current Assets	1,128,732	1,015,800
PROPERTY, PLANT AND EQUIPMENT
Structures, net	970,649	1,053,016
Other property, plant and equipment, net	246,058	235,922
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived permits	971,163	971,163
Gross Carrying Amount	1,750,409	1,668,584
Other intangibles, net	327,318	252,862
Goodwill	705,062	706,003
OTHER ASSETS
Operating lease right-of-use assets	1,979,807
Due from iHeartCommunications, net of allowance of $855,648 as of December 31, 2018	0	154,758
Other assets	99,168	132,504
Total Assets	6,427,957	4,522,028
CURRENT LIABILITIES
Accounts payable	109,645	113,714
Accrued expenses	462,242	528,482
Current operating lease liabilities	394,082
Deferred revenue	95,983	85,052
Accrued interest	56,994	2,341
Current portion of long-term debt	260	227
Total Current Liabilities	1,119,206	729,816
NON-CURRENT LIABILITIES
Long-term debt	5,296,096	5,277,108
Mandatorily redeemable preferred stock	44,884	0
Mandatorily redeemable preferred stock	44,884
Non-current operating lease liabilities	1,620,190
Deferred income taxes	388,124	335,015
Due to iHeartCommunications	0	21,591
Other long-term liabilities	174,382	260,150
Total Liabilities	8,642,882	6,623,680
Commitments and Contingent liabilities (Note 6)
STOCKHOLDERS’ DEFICIT
Noncontrolling interest	145,563	160,362
Common stock issued	3,664
Additional paid-in capital	3,139,424	3,086,307
Accumulated deficit	(5,161,413)	(5,000,920)
Accumulated other comprehensive loss	(339,739)	(344,489)
Cost of shares (495,922 at June 30, 2019 and 1,108,538 as of December 31, 2018) held in treasury	(2,424)	(6,578)
Total Stockholders’ Deficit	(2,214,925)	(2,101,652)
Total Liabilities and Stockholders' Equity (Deficit)	6,427,957	4,522,028
Class A Common Shares Issued
STOCKHOLDERS’ DEFICIT
Common stock issued	0	516
Class B Common Shares Issued
STOCKHOLDERS’ DEFICIT
Common stock issued	$ 0	$ 3,150

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowances for receivables	$ 26,412	$ 24,224
Allowance for related party receivable		$ 855,648
Class of Stock [Line Items]
Common stock par value (in dollars per share)	$ 0.01
Common stock authorized (in shares)	2,350,000,000
Common stock issued (in shares)	366,415,951
Treasury stock (in shares)	495,922	1,108,538
Class A Common Shares Issued
Class of Stock [Line Items]
Common stock par value (in dollars per share)		$ 0.01
Common stock authorized (in shares)		750,000,000
Common stock issued (in shares)		51,559,633
Class B Common Shares Issued
Class of Stock [Line Items]
Common stock par value (in dollars per share)		$ 0.01
Common stock authorized (in shares)		600,000,000
Common stock issued (in shares)		315,000,000
Common stock outstanding (in shares)		315,000,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenue	$ 698,015	$ 711,980	$ 1,285,131	$ 1,310,378
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	363,029	372,936	710,856	734,225
Selling, general and administrative expenses (excludes depreciation and amortization)	134,721	125,289	257,687	252,697
Corporate expenses (excludes depreciation and amortization)	38,907	37,928	67,521	73,363
Depreciation and amortization	80,174	82,767	155,250	166,827
Other operating income (expense), net	1,270	929	(2,252)	875
Operating income	82,454	93,989	91,565	84,141
Interest expense, net	107,971	96,777	222,834	194,041
Loss on extinguishment of debt	0	0	(5,474)	0
Loss on Due from iHeartCommunications	(5,778)	0	(5,778)	0
Other expense, net	(9,203)	(35,402)	(9,768)	(15,761)
Income (loss) before income taxes	(40,498)	(38,190)	(152,289)	(125,661)
Income tax benefit (expense)	29,093	(4,753)	(28,670)	(50,120)
Consolidated net loss	(11,405)	(42,943)	(180,959)	(175,781)
Less amount attributable to noncontrolling interest	(466)	7,440	(5,853)	3,024
Net loss attributable to the Company	(10,939)	(50,383)	(175,106)	(178,805)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	172	(18,620)	2,721	(11,838)
Other adjustments to comprehensive income (loss)	2,592	0	2,592	0
Other comprehensive income (loss)	2,764	(18,620)	5,313	(11,838)
Comprehensive loss	(8,175)	(69,003)	(169,793)	(190,643)
Less amount attributable to noncontrolling interest	(3,021)	(7,919)	563	(2,683)
Comprehensive loss attributable to the Company	$ (5,154)	$ (61,084)	$ (170,356)	$ (187,960)
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (0.03)	$ (0.14)	$ (0.48)	$ (0.49)
Weighted average common shares outstanding – Basic (in shares)	362,409	361,708	362,225	361,612
Diluted (in dollars per share)	$ (0.03)	$ (0.14)	$ (0.48)	$ (0.49)
Weighted average common shares outstanding – Diluted (in shares)	362,409	361,708	362,225	361,612
Dividends declared per share (in dollars per share)	$ 0	$ 0	$ 0	$ 0.0824

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Total	Common Stock	Non-controlling Interest	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock	Class A Common Shares IssuedCommon Stock	Class B Common Shares IssuedCommon Stock
Beginning balance (in shares) at Dec. 31, 2017								49,955,300	315,000,000
Beginning balance at Dec. 31, 2017	$ (1,858,294)	$ 3,650	$ 157,040	$ 3,108,148	$ (4,781,245)	$ (340,094)	$ (5,793)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(175,781)		3,024		(178,805)
Exercise of stock options and other (in shares)								174,750
Exercise of stock options and other	(702)	1		6			(709)
Share-based compensation	3,625		599	3,026
Dividends and other payments to noncontrolling interests	(6,024)		(6,024)
Distributions	(29,995)			(29,995)
Other	57			57	(1,435)	1,435
Other comprehensive income	(11,838)		(2,683)			(9,155)
Ending balance (in shares) at Jun. 30, 2018								50,130,050	315,000,000
Ending balance at Jun. 30, 2018	(2,078,952)	3,651	151,956	3,081,242	(4,961,485)	(347,814)	(6,502)
Beginning balance (in shares) at Mar. 31, 2018								49,971,476	315,000,000
Beginning balance at Mar. 31, 2018	(2,012,353)	3,650	158,069	3,079,958	(4,911,102)	(337,113)	(5,815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(42,943)		7,440		(50,383)
Exercise of stock options and other (in shares)								158,574
Exercise of stock options and other	(685)	1		1			(687)
Share-based compensation	1,519		293	1,226
Dividends and other payments to noncontrolling interests	(5,927)		(5,927)
Other	57			57
Other comprehensive income	(18,620)		(7,919)			(10,701)
Ending balance (in shares) at Jun. 30, 2018								50,130,050	315,000,000
Ending balance at Jun. 30, 2018	(2,078,952)	3,651	151,956	3,081,242	(4,961,485)	(347,814)	(6,502)
Beginning balance (in shares) at Dec. 31, 2018								51,559,633	315,000,000
Beginning balance at Dec. 31, 2018	(2,101,652)	3,666	160,362	3,086,307	(5,000,920)	(344,489)	(6,578)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(180,959)		(5,853)		(175,106)
Exercise of stock options and other	(2,128)	9		295			(2,432)
Share-based compensation	10,395		39	10,356
Dividends and other payments to noncontrolling interests	(9,548)		(9,548)
Recapitalization of equity	0	$ (11)		(6,575)			6,586
Capital contributions	114,967			114,967
Distributions	(65,936)			(65,936)
Other	10			10
Other comprehensive income	5,313		563			4,750
Ending balance (in shares) at Jun. 30, 2019		366,415,951
Ending balance at Jun. 30, 2019	(2,214,925)	$ 3,664	145,563	3,139,424	(5,161,413)	(339,739)	(2,424)
Beginning balance (in shares) at Mar. 31, 2019								51,709,760	315,000,000
Beginning balance at Mar. 31, 2019	(2,255,830)	3,667	155,027	3,088,061	(5,150,474)	(345,524)	(6,587)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(11,405)		(466)		(10,939)
Exercise of stock options and other	(2,192)	8		223			(2,423)
Share-based compensation	8,561		(113)	8,674
Dividends and other payments to noncontrolling interests	(5,864)		(5,864)
Recapitalization of equity	0	$ (11)		(6,575)			6,586
Capital contributions	114,967			114,967
Distributions	(65,936)			(65,936)
Other	10			10
Other comprehensive income	2,764		(3,021)			5,785
Ending balance (in shares) at Jun. 30, 2019		366,415,951
Ending balance at Jun. 30, 2019	$ (2,214,925)	$ 3,664	$ 145,563	$ 3,139,424	$ (5,161,413)	$ (339,739)	$ (2,424)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Parenthetical)	3 Months Ended	6 Months Ended
	Jun. 30, 2018$ / shares	Jun. 30, 2018$ / shares
Statement of Stockholders' Equity [Abstract]
Dividends payable (in dollars per share)	$ 0.0824	$ 0.0824
Dividends declared per share (in dollars per share)	$ 0	$ 0.0824

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Consolidated net loss	$ (180,959)	$ (175,781)
Reconciling items:
Depreciation and amortization	155,250	166,827
Deferred taxes	(15,143)	46,501
Provision for doubtful accounts	4,417	3,317
Amortization of deferred financing charges and note discounts, net	5,230	5,293
Share-based compensation	10,395	3,625
(Gain) loss on disposal of operating and other assets	2,090	(1,115)
Loss on Due from iHeartCommunications	5,778	0
Loss on extinguishment of debt	5,474	0
Foreign exchange transaction loss	3,625	14,535
Other reconciling items, net	(2,787)	(1,098)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	44,823	7,842
Increase in prepaid expenses and other current assets	(34,946)	(25,223)
Decrease in accrued expenses	(25,190)	(30,788)
Increase (decrease) in accounts payable	(3,364)	19,459
Increase in accrued interest	55,632	488
Increase in deferred revenue	10,539	42,791
Changes in other operating assets and liabilities	14,271	(10,805)
Net cash provided by (used for) operating activities	55,135	65,868
Cash flows from investing activities:
Purchases of property, plant and equipment	(79,281)	(61,315)
Proceeds from disposal of assets	2,518	3,040
Change in other, net	76	12
Net cash used for investing activities	(76,687)	(58,263)
Cash flows from financing activities:
Proceeds from long-term debt	2,235,197	0
Proceeds from issuance of mandatorily redeemable preferred stock	43,798	0
Payments on long-term debt	(2,200,113)	(316)
Net transfers from iHeartCommunications	43,399	60,751
Proceeds from settlement of Due from iHeartCommunications	115,798	0
Dividends and other payments to noncontrolling interests	(127)	(211)
Dividends paid	(701)	(30,624)
Debt issuance costs	(26,795)	(1,298)
Change in other, net	(2,128)	(702)
Net cash provided by (used for) financing activities	208,328	27,600
Effect of exchange rate changes on cash, cash equivalents and restricted cash	159	(4,319)
Net increase in cash, cash equivalents and restricted cash	186,935	30,886
Cash, cash equivalents and restricted cash at beginning of period	202,869	188,310
Cash, cash equivalents and restricted cash at end of period	389,804	219,196
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	161,184	187,302
Cash paid for income taxes, net of refunds	$ 21,598	$ 20,144

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2019
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. On May 1, 2019, the Company separated (the “Separation”) from iHeartCommunications, Inc. ("iHeartCommunications"), a subsidiary of iHeartMedia, Inc. ("iHeartMedia"), upon the effective date of iHeartMedia's fifth amended Plan of Reorganization (the “iHeartMedia Plan of Reorganization”) and iHeartMedia's emergence from bankruptcy under Chapter 11 of the United States Bankruptcy Code. In connection with the consummation of the Separation, Clear Channel Outdoor Holdings, Inc. merged with and into the Company (previously known as Clear Channel Holdings, Inc. and previously the parent company of Clear Channel Outdoor Holdings, Inc.) (the “Merger”), with the Company surviving the Merger, becoming the successor to Clear Channel Outdoor Holdings, Inc. and changing its name to Clear Channel Outdoor Holdings, Inc. Additionally, pursuant to the Settlement and Separation Agreement (the "Separation Agreement") entered into with iHeartMedia and iHeartCommunications, the Intercompany Agreements (as defined below) with iHeartCommunications were terminated. Note 7 provides additional information about the Merger and Separation. Prior to the Separation, the historical financial statements of the Company consisted of the carve-out financial statements of the Outdoor Business (as defined below) of Clear Channel Holdings, Inc., which previously also owned a portion of the Radio business of iHeartMedia, the Company’s former indirect parent company. Upon the Separation and the transactions related thereto (the “Transactions”) on May 1, 2019, the Company’s only assets, liabilities and operations were those of the Outdoor Business. The “Outdoor Business” refers to the assets that are primarily related to or are primarily used or held for use in connection with the business of any member of the Company and its subsidiaries. The carve-out financial statements excluded the radio businesses that had historically been reported as part of iHeartMedia’s iHM segment (the “Radio Businesses”) prior to the Separation. In addition, the carve-out financial statements excluded amounts attributable to Clear Channel Holdings, Inc., which was a holding company prior to the Separation with no independent assets or operations. 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 2018 Annual Report on Form 10-K and the Current Report on Form 8-K filed on May 2, 2019. The consolidated financial statements include the accounts of the Company and its subsidiaries and, prior to the Separation, give effect to allocations of expenses from iHeartMedia. These allocations, which ceased at the time of Separation, were made on a specifically identifiable basis or using relative percentages of headcount or other methods management considered to be a reasonable reflection of the utilization of services provided. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20% to 50% of the voting common stock or otherwise exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process. Certain prior period amounts have been reclassified to conform to the 2019 presentation. New Accounting Pronouncements Recently Adopted Leases The Company adopted Accounting Standards Update ("ASU") No. 2016-02, which created Accounting Standards Codification ("ASC") Topic 842, Leases , and all subsequent ASUs relating to this Topic (collectively, "ASC Topic 842") as of January 1, 2019. This new lease accounting standard, which supersedes previous lease accounting guidance under U.S. GAAP (ASC Topic 840), results in significant changes to the balance sheets of lessees, most significantly by requiring the recognition of a right-of-use ("ROU") asset and lease liability by lessees for those leases classified as operating leases. Lessor accounting is also updated to align with certain changes in the lessee model and the revenue recognition standard (ASC Topic 606), which was adopted in 2018. The Company applied the transition provisions of this standard at January 1, 2019 following the optional transition method provided by ASU No. 2018-11; consequently the consolidated financial statements and notes to the consolidated financial statements for periods before the date of adoption continue to be presented in accordance with ASC Topic 840. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to not reassess whether expired or existing contracts are or contain leases and to carry forward the historical lease classification for those leases that commenced prior to the date of adoption. Upon adoption of ASC Topic 842, prepaid and deferred rent balances, which were historically presented separately, were combined and presented net within the ROU asset. Additionally, deferred gains related to previous transactions that were historically accounted for as sale and operating leasebacks in accordance with ASC Topic 840 were recognized as a cumulative-effect adjustment to equity, resulting in an increase to equity, net of tax, of $14.6 million . Adoption of the new standard had a material impact on our consolidated balance sheets, but it did not have a material impact on our other consolidated financial statements. Additionally, the standard requires disclosures to meet the objective of enabling users of the financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Refer to Note 2 , Revenue , and Note 3 , Leases , for more information. Intangible Assets and Goodwill During the first quarter of 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) , which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities shall record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The standard is mandatory for annual and interim impairment tests performed for periods beginning after December 15, 2019; however, the Company early adopted the proposed guidance under ASU 2017-04 beginning on January 1, 2019 on a prospective basis. The implementation of ASU 2017-04 did not have a material impact on our consolidated financial statements and related disclosures. During the third quarter of 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract . This update requires that a customer in a cloud computing arrangement that is a service contract follow the internal-use software guidance in ASC 350-402 to determine which implementation costs to capitalize as assets. The standard is effective for fiscal years beginning after December 15, 2019; however, the Company early adopted the proposed guidance under ASU 2018-15 beginning on January 1, 2019 on a prospective basis. The implementation of ASU 2018-15 did not have a material impact on our consolidated financial statements and related disclosures.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The Company generates revenue primarily from the sale of advertising space on printed and digital out-of-home advertising displays. These contracts typically cover periods of a few weeks to one year, although there are some with longer terms. Americas contracts are generally cancelable after a specified notice period, while International contracts are generally non-cancelable or require the customer to pay a fee to terminate the contract. Certain of these revenue transactions are considered leases for accounting purposes as the contracts convey to customers the right to control the use of the Company’s advertising displays for a period of time. To qualify as a lease, fulfillment of the contract must be dependent upon the use of a specified advertising structure, the customer must have almost exclusive use of the advertising display throughout the contract term, and, upon adoption of the new leases standard (ASC Topic 842) on January 1, 2019, the customer must also have the right to change the advertisement that is displayed throughout the contract term. The Company has elected a practical expedient to not separate non-lease components from associated lease components if certain criteria are met. As such, each right to control the use of an advertising display that meets the lease criteria is combined with the related installation and maintenance services provided under the contract into a single lease component. Production services, which do not meet the criteria to be combined, and each advertising display that does not meet the lease criteria (along with any related installation and maintenance services) are non-lease components. Consideration in outdoor advertising contracts is allocated between lease and non-lease components in proportion to their relative standalone selling prices, which are generally approximated by the contractual prices for each promised service. The Company accounts for revenue from leases, which are all classified as operating leases, in accordance with the lease accounting guidance (ASC Topic 840 or ASC Topic 842, depending on the advertising campaign start date), while the Company’s remaining revenue transactions are accounted for as revenue from contracts with customers (ASC Topic 606). In accordance with the transition approach that the Company elected to adopt ASC Topic 842, as described in Note 1, revenue contracts with campaign start dates prior to January 1, 2019 were not reassessed to determine whether they qualify as a lease under the requirements of the new leasing standard. Instead, they continue to be accounted for as revenue from contracts with customers or revenue from leases based on the requirements of the previous standard (ASC Topic 840), and the new requirements have been applied to revenue contracts with campaign start dates on or after January 1, 2019. Because the definition of a lease is more restrictive under the new standard, fewer of our new revenue contracts meet the definition of a lease for accounting purposes, resulting in an increase in the percentage of revenue that is categorized as revenue from contracts with customers as compared to the prior year. 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, 2019 and 2018 : (In thousands) Americas International Consolidated Three Months Ended June 30, 2019 Revenue from contracts with customers: United States $ 181,500 $ — $ 181,500 Other Americas 1,026 17,411 18,437 Europe — 252,106 252,106 Asia-Pacific — 59,986 59,986 Total 182,526 329,503 512,029 Revenue from leases 144,616 41,370 185,986 Revenue, total $ 327,142 $ 370,873 $ 698,015 Three Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 115,488 $ — $ 115,488 Other Americas 634 13,359 13,993 Europe — 226,577 226,577 Asia-Pacific — 2,613 2,613 Total 116,122 242,549 358,671 Revenue from leases 183,800 169,509 353,309 Revenue, total $ 299,922 $ 412,058 $ 711,980 Six Months Ended June 30, 2019 Revenue from contracts with customers: United States $ 312,931 $ — $ 312,931 Other Americas 1,922 31,056 32,978 Europe — 453,311 453,311 Asia-Pacific — 113,217 113,217 Total 314,853 597,584 912,437 Revenue from leases 285,011 87,683 372,694 Revenue, total $ 599,864 $ 685,267 $ 1,285,131 Six Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 211,635 $ — $ 211,635 Other Americas 1,284 25,482 26,766 Europe — 413,793 413,793 Asia-Pacific — 5,625 5,625 Total 212,919 444,900 657,819 Revenue from leases 342,850 309,709 652,559 Revenue, total $ 555,769 $ 754,609 $ 1,310,378 The Company’s advertising structures, which may be owned or leased, are used to generate revenue, and 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 show the Company’s beginning and ending accounts receivable and deferred revenue balances from contracts with customers: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Accounts receivable, net of allowance, from contracts with customers: Beginning balance $ 418,916 $ 305,030 $ 367,918 $ 346,323 Ending balance $ 509,129 $ 322,084 $ 509,129 $ 322,084 Deferred revenue from contracts with customers: Beginning balance $ 57,073 $ 45,261 $ 39,916 $ 28,804 Ending balance $ 55,164 $ 45,509 $ 55,164 $ 45,509 During the three months ended June 30, 2019 and 2018 , respectively, the Company recognized $38.2 million and $30.3 million of revenue that was included in the deferred revenue from contracts with customers balance at the beginning of the quarter. During the six months ended June 30, 2019 and 2018 , respectively, the Company recognized $32.3 million and $24.1 million of revenue that was included in the deferred revenue from contracts with customers balance at the beginning of the year. As previously described, the Company’s contracts with customers generally have terms of one year or less; however, as of June 30, 2019 , the Company expects to recognize $132.4 million of revenue in future periods for remaining performance obligations from current contracts with customers that have an original expected duration greater than one year, with the majority of this amount to be recognized over the next five years . Revenue from Leases As of June 30, 2019 , future lease payments to be received by the Company are as follows (In thousands) 2019 $ 304,445 2020 68,770 2021 20,869 2022 10,907 2023 2,800 Thereafter 4,756 Total $ 412,547 Note that the future lease payments disclosed are limited to the non-cancelable period of the lease and, for contracts that require the customer to pay a significant fee to terminate the contract such that the customer is considered reasonably certain not to exercise this option, periods beyond the termination option. Payments scheduled for periods beyond a termination option are not included for contracts that allow cancellation by the customer without a significant fee.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	LEASES The Company enters into contracts to use land, buildings and office space, structures, and other equipment such as automobiles and copiers. Such arrangements are evaluated at inception to determine whether they contain a lease. The majority of the Company's leases are operating leases, including land lease contracts and contracts for the use of space on floors, walls and exterior locations on buildings, assuming all required elements of a lease contract are present. The majority of the Company's transit contracts do not meet the definition of a lease under ASC Topic 842 due to substantive substitution rights within those contracts; however, in accordance with the transition approach that the Company elected to adopt ASC Topic 842 as described in Note 1, contracts that were historically determined to be leases under ASC Topic 840, including certain international transit contracts, are included in the Company’s balance sheet as of January 1, 2019. Operating leases are reflected on the Company's balance sheet as Operating lease right-of-use ("ROU") assets, and the related short-term and long-term liabilities are included within Current and Noncurrent operating lease liabilities, respectively. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at lease commencement based on the present value of lease payments over the lease term, and lease expense is recognized on a straight-line basis over the lease term. The Company's finance leases are included within Property, plant and equipment, and the related short-term and long-term liabilities are included within the Current portion of long-term debt and Long-term debt, respectively. Certain of the Company's operating lease agreements include rental payments that are based on a percentage of revenue, and others include rental payments that are adjusted periodically for inflationary changes. Percentage rent contracts, in which lease expense is calculated as a percentage of advertising revenue, and payments due to changes in inflationary adjustments are included within variable rent expense, which is accounted for separately from periodic straight-line lease expense. Amounts related to insurance and property taxes in lease arrangements when billed on a pass-through basis are allocated to the lease and non-lease components of the lease based on their relative standalone selling prices. The Company is commonly assessed VAT on its international contracts, which is treated as a non-lease component. Many of the Company's operating lease contracts permit the Company to continue operating the leased assets after the rights and obligations of the lease agreements have expired. Such contracts are not considered to be leases after they expire, and future expected payments are not included in operating lease liabilities or ROU assets. Additionally, many of the Company's leases entered into in connection with advertising structures provide options to extend the terms of the agreements. Renewal periods are generally excluded from minimum lease payments when calculating the lease liabilities as the Company does not consider exercise of such options to be reasonably certain for most leases. Therefore, unless exercise of a renewal option is considered reasonably assured, the optional terms and payments are not included within the lease liability. The Company's lease agreements do not contain material residual value guarantees or material restrictive covenants. The implicit rate within the Company's lease agreements is generally not determinable. As such, the Company uses the incremental borrowing rate ("IBR") to determine the present value of lease payments at the commencement of the lease. The IBR, as defined in ASC Topic 842, is "the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment." The following table provides the components of lease expense included within the Consolidated Statement of Comprehensive Loss for the three and six months ended June 30, 2019 : (In thousands) Three Months Ended Six Months Ended Operating lease expense $ 131,660 $ 266,756 Variable lease expense 38,957 70,522 The following table provides the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of June 30, 2019 : June 30, Operating lease weighted average remaining lease term (in years) 10.4 Operating lease weighted average discount rate 7.36 % As of June 30, 2019 , the Company’s future maturities of operating lease liabilities were as follows: (In thousands) 2019 $ 293,490 2020 427,209 2021 363,819 2022 284,964 2023 229,606 Thereafter 1,377,210 Total lease payments $ 2,976,298 Less: Effect of discounting 962,026 Total operating lease liability $ 2,014,272 The following table provides supplemental cash flow information related to leases: (In thousands) Six Months Ended Cash paid for amounts included in measurement of operating lease liabilities $ 289,146 Lease liabilities arising from obtaining right-of-use assets 1 $ 2,184,176 1 Includes transition liabilities upon adoption of ASC Topic 842, as well as new leases entered into during the six months ended June 30, 2019 .

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	6 Months Ended
	Jun. 30, 2019
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, 2019 and December 31, 2018 , respectively: (In thousands) June 30, December 31, Land, buildings and improvements $ 148,626 $ 145,403 Structures 2,782,755 2,835,411 Furniture and other equipment 210,217 202,155 Construction in progress 81,848 73,030 3,223,446 3,255,999 Less: accumulated depreciation 2,006,739 1,967,061 Property, plant and equipment, net $ 1,216,707 $ 1,288,938 Intangible Assets The following table presents the gross carrying amount and accumulated amortization for each major class of intangible assets as of June 30, 2019 and December 31, 2018 , respectively: (In thousands) June 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Indefinite-lived permits $ 971,163 $ — $ 971,163 $ — Transit, street furniture and other outdoor contractual rights 526,837 (446,800 ) 528,185 (440,228 ) Permanent easements 163,341 — 163,317 — Trademarks 83,569 (1,039 ) 409 (338 ) Other 5,499 (4,089 ) 5,510 (3,993 ) Total intangible assets $ 1,750,409 $ (451,928 ) $ 1,668,584 $ (444,559 ) As part of the Separation Agreement, the Trademark License Agreement with iHeartCommunications was canceled, and the Company received the "Clear Channel" and "Clear Channel Outdoor" trademarks, among other Clear Channel marks, as a capital contribution from iHeartCommunications upon Separation on May 1, 2019. The trademarks have a gross carrying amount of $83.2 million and a remaining useful life of ten years . Total amortization expense related to definite-lived intangible assets for the three months ended June 30, 2019 and 2018 was $4.7 million and $5.2 million , respectively. Total amortization expense related to definite-lived intangible assets for the six months ended June 30, 2019 and 2018 was $8.8 million and $10.3 million , respectively. As acquisitions and dispositions occur in the future, amortization expense may vary. The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2020 $ 18,395 2021 18,093 2022 16,293 2023 11,893 2024 11,787 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, 2018 $ 507,819 $ 198,184 $ 706,003 Foreign currency — (941 ) (941 ) Balance as of June 30, 2019 $ 507,819 $ 197,243 $ 705,062

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of June 30, 2019 and December 31, 2018 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 (1) — 275,000 7.625% Series B Senior Subordinated Notes Due 2020 (1) — 1,925,000 9.25% Senior Subordinated Notes Due 2024 (1) 2,235,000 — Receivables-based Credit Facility Due 2023 (2) — — Revolving Credit Facility with iHeartCommunications Due 2022 (3) — — Clear Channel International B.V. Senior Notes Due 2020 375,000 375,000 Other debt 4,003 3,882 Original issue discount (999 ) (739 ) Long-term debt fees (41,648 ) (25,808 ) Total debt $ 5,296,356 $ 5,277,335 Less: current portion 260 227 Total long-term debt $ 5,296,096 $ 5,277,108 (1) On February 4, 2019, Clear Channel Worldwide Holdings, Inc., a subsidiary of the Company (“CCWH” or the "Subsidiary Issuer"), delivered a conditional notice of redemption calling all of its outstanding $275.0 million aggregate principal amount of 7.625% Series A Senior Subordinated Notes due 2020 (the “Series A CCWH Subordinated Notes”) and $1,925.0 million aggregate principal amount of 7.625% Series B Senior Subordinated Notes due 2020 (the “Series B CCWH Subordinated Notes”) for redemption on March 6, 2019. The redemption was conditioned on the closing of the offering of $2,235.0 million of new 9.25% Senior Subordinated Notes due 2024 (the “New CCWH Subordinated Notes”). At the closing of such offering on February 12, 2019, CCWH deposited with the trustee for the CCWH Subordinated Notes a portion of the proceeds from the new notes in an amount sufficient to pay and discharge the principal amount outstanding, plus accrued and unpaid interest on the CCWH Subordinated Notes to, but not including, the redemption date. CCWH irrevocably instructed the trustee to apply such funds to the full payment of the CCWH Subordinated Notes on the redemption date. Concurrently therewith, CCWH elected to satisfy and discharge the indentures governing the CCWH Subordinated Notes in accordance with their terms, and the trustee acknowledged such discharge and satisfaction. As a result of the satisfaction and discharge of the indentures, CCWH and the guarantors of the CCWH Subordinated Notes have been released from their remaining obligations under the indentures and the CCWH Subordinated Notes. On July 23, 2019, CCWH issued a conditional notice of redemption to redeem a portion of the New CCWH Subordinated Notes using the proceeds of a public offering of common stock. On July 30, 2019, the conditions to the redemption were satisfied, and the notice of redemption became irrevocable. Pursuant to the notice of redemption, as amended at the closing of the offering, approximately $333.5 million aggregate principal amount of New CCWH Subordinated Notes will be redeemed on August 22, 2019. (2) As of June 30, 2019 , the receivables-based credit facility had $80.7 million of letters of credit outstanding and a borrowing limit of $125.0 million , resulting in $44.3 million of excess availability. Certain additional restrictions, including a springing financial covenant, take effect at decreased levels of excess availability. (3) On May 1, 2019, in accordance with the Separation Agreement, Clear Channel Outdoor, LLC and Clear Channel International, Ltd. entered into a three -year unsecured $200.0 million revolving credit facility with iHeartCommunications (the "iHeartCommunications Line of Credit"). As of June 30, 2019, no amounts were drawn under the iHeartCommunications Line of Credit. On July 30, 2019, in connection with the consummation of a public offering of common stock, we terminated the iHeartCommunications Line of Credit. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $5.6 billion and $5.2 billion as of June 30, 2019 and December 31, 2018 , 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. 9.25% Senior Subordinated Notes Due 2024 On February 12, 2019, CCWH, an indirect, wholly-owned subsidiary of the Company, completed the sale of $2,235.0 million in aggregate principal amount of New CCWH Subordinated Notes in a private placement to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States pursuant to Regulation S under the Securities Act. The New CCWH Subordinated Notes were issued pursuant to an indenture, dated as of February 12, 2019 (the “New CCWH Notes Indenture”), among CCWH, the Company, Clear Channel Outdoor, Inc. (“CCOI”) and the other guarantors party thereto (collectively with the Company and CCOI, the “Guarantors”), and U.S. Bank National Association, as trustee, paying agent, registrar and transfer agent (the “Trustee”). The New CCWH Subordinated Notes mature on February 15, 2024 and bear interest at a rate of 9.25% per annum. Interest is payable to the Trustee semi-annually. In each case, interest will be payable to the holders of the New CCWH Subordinated Notes semi-annually on February 15 and August 15 of each year, beginning on August 15, 2019. The New CCWH Subordinated Notes and the guarantees of the New CCWH Subordinated Notes are unsecured senior subordinated obligations that rank pari passu in right of payment to all senior subordinated indebtedness of Clear Channel Worldwide and the Guarantors, junior to all senior indebtedness of CCWH and the Guarantors, including CCWH's outstanding 6.5% Series A Senior Notes and Series B Senior Notes due 2022 (the “Senior Notes”), and senior to all future subordinated indebtedness of CCWH and the Guarantors that expressly provides that it is subordinated to the New CCWH Subordinated Notes. Following the satisfaction of certain conditions, including that the Senior Notes are no longer outstanding and at least a portion of such notes has been refinanced with senior secured indebtedness, the New CCWH Subordinated Notes and the guarantees of the New CCWH Subordinated Notes will cease to be subordinated obligations and thereafter will rank pari passu in right of payment with all senior indebtedness of CCWH and the Guarantors (the “step-up”). There can be no assurance that the step-up will ever occur and that the New CCWH Subordinated Notes and the guarantees will ever cease to be subordinated indebtedness of CCWH and the Guarantors. CCWH may redeem the New CCWH Subordinated Notes at its option, in whole or part, at any time prior to February 15, 2021, at a price equal to 100% of the principal amount of the New CCWH Subordinated Notes redeemed, plus a make-whole premium, plus accrued and unpaid interest to the redemption date. CCWH may redeem the New CCWH Subordinated Notes, in whole or in part, on or after February 15, 2021, at the redemption prices set forth in the Indenture plus accrued and unpaid interest to the redemption date. At any time prior to February 15, 2021, CCWH may elect to redeem up to 40% of the aggregate principal amount of the New CCWH Subordinated Notes at a redemption price equal to 109.25% of the principal amount thereof, plus accrued and unpaid interest to the redemption date, with the net proceeds of one or more equity offerings. In addition, CCWH may redeem up to 20% of the aggregate principal amount of the New CCWH Subordinated Notes at any time prior to February 15, 2021, using the net proceeds from certain other equity offerings at 103% of the principal amount of the New CCWH Subordinated Notes. CCWH will be permitted to use these two redemption options concurrently but will not be permitted to redeem, in the aggregate, more than 40% of the principal amount of the New CCWH Subordinated Notes pursuant to these options. The New CCWH Notes Indenture contains covenants that limit the Company’s ability and the ability of its restricted subsidiaries to, among other things: (i) incur or guarantee additional debt or issue certain preferred stock; (ii) redeem, purchase or retire subordinated debt; (iii) make certain investments; (iv) create restrictions on the payment of dividends or other amounts from the Company’s restricted subsidiaries that are not Guarantors; (v) enter into certain transactions with affiliates; (vi) merge or consolidate with another person, or sell or otherwise dispose of all or substantially all of the Company’s assets; (vii) sell certain assets, including capital stock of the Company’s subsidiaries; (viii) designate the Company’s subsidiaries as unrestricted subsidiaries, (ix) pay dividends, redeem or repurchase capital stock or make other restricted payments; and (x) in the event that the step-up occurs and the New CCWH Subordinated Notes cease to be subordinated, incur certain liens. Surety Bonds, Letters of Credit and Guarantees As of June 30, 2019 , the Company had $68.2 million , $80.7 million and $35.1 million in surety bonds, letters of credit and bank guarantees outstanding, respectively. A portion of the outstanding bank guarantees was supported by $15.7 million of cash collateral. Additionally, as of June 30, 2019 , iHeartCommunications had outstanding commercial standby letters of credit of $1.6 million held on behalf of the Company. These letters of credit, surety bonds and bank guarantees relate to various operational matters, including insurance, bid, concession and performance bonds, as well as other items.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
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 (the “Delaware Chancery Court”), 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 “Former Sponsor Defendants”), iHeartMedia’s pre-bankruptcy private equity sponsors and pre-bankruptcy 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 Former Sponsor Defendants to the detriment of the Company and its minority stockholders. The plaintiff sought, among other things, a ruling that the defendants breached their fiduciary duties to the Company and that iHeartMedia, iHeartCommunications and the Former 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 Former 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 Delaware Chancery 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 (the "Norfolk Lawsuit") in the Delaware Chancery Court captioned Norfolk County Retirement System, v. iHeartMedia, Inc., et al., C.A. No. 2017-0930-JRS. The complaint names as defendants iHeartMedia, iHeartCommunications, the Former 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. The plaintiff sought, 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 was held on September 20, 2018. On August 27, 2018, the same stockholder of the Company that had filed a derivative lawsuit against iHeartMedia and others in 2016 (GAMCO Asset Management Inc.) filed a putative class action lawsuit (the "GAMCO II Lawsuit") in the Delaware Chancery Court, captioned GAMCO Asset Management, Inc. v. Hendrix, et al., C.A. No. 2018-0633-JRS. The complaint names as defendants the Former Sponsor Defendants and the members of the Company’s board of directors. The complaint alleges that minority shareholders in the Company during the period November 8, 2017 to March 14, 2018 were harmed by decisions of the Company's board of directors and the intercompany note committee of the board of directors relating to the intercompany note. The plaintiff sought, among other things, a ruling that the Company's board of directors, the intercompany note committee, and the Sponsor Defendants breached their fiduciary duties and that the Sponsor Defendants aided and abetted the Board’s breach of fiduciary duty; and an award of damages, together with pre- and post-judgment interests, to the putative class of minority shareholders. On December 16, 2018, the Debtors, the Company, GAMCO Asset Management, Inc., and Norfolk County Retirement System entered into a settlement agreement (the "Settlement Agreement"), which resolves all claims, objections, and other causes of action that have been or could be asserted by or on behalf of the Company, GAMCO Asset Management, Inc., and/or Norfolk County Retirement System by and among the Debtors, the Company, GAMCO Asset Management, Inc., certain individual defendants in the GAMCO Asset Management, Inc. action and/or the Norfolk County Retirement System action, and the private equity sponsor defendants in such actions. The Settlement Agreement provides for the consensual separation of the Debtors and the Company, including approximately $149.0 million of recovery to CCOH on account of its claim against iHeartCommunications in the Chapter 11 cases, an unsecured revolving line of credit in an aggregate amount not to exceed $200 million from iHeartCommunications (the “iHeart Line of Credit”), the transfer of certain of the Debtors’ intellectual property to the Company, the waiver by the Debtors of the setoff for the value of the transferred intellectual property, mutual releases, the termination of the cash sweep under the existing Corporate Services Agreement, the termination of any agreements or licenses requiring royalty payments from the Company to the Debtors for trademarks or other intellectual property, the waiver of any post-petition amounts owed by the Company relating to such trademarks or other intellectual property, and the execution of a new transition services agreement and other separation documents. The Settlement Agreement was approved by the Bankruptcy Court and the United States District Court for the Southern District of Texas in connection with the confirmation of the iHeartMedia Chapter 11 Cases on January 22, 2019. On May 1, 2019, the Debtors' plan of reorganization went effective, and the Norfolk Lawsuit and GAMCO II Lawsuit were each subsequently dismissed with prejudice. China Investigation Two former employees of Clear Media Limited, an indirect, non-wholly-owned subsidiary of the Company whose ordinary shares are listed on the Hong Kong Stock Exchange, have been convicted in China of certain crimes, including the crime of misappropriation of funds, and sentenced to imprisonment. One of those former employees has appealed his conviction. The Company is not aware of any litigation, claim or assessment pending against the Company in relation to this investigation. 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 investigation in China are not material to the Company’s consolidated financial statements. The effect of the misappropriation of funds is reflected in these financial statements in the appropriate periods. 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 documents, interviews and 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 and could be qualitatively or quantitatively material to the Company. Italy Investigation During the three months ended June 30, 2018, the Company identified misstatements associated with VAT obligations in its business in Italy, which resulted in an understatement of its VAT obligation. These misstatements resulted in an understatement of other long-term liabilities of $16.9 million as of December 31, 2017. The effect of these misstatements is reflected in the historical financial statements in the appropriate periods. Upon identification of these misstatements, the Company undertook certain procedures, including a forensic investigation. In addition, the Company voluntarily disclosed the matter and 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 in relation to the transactions under investigation, amounting to approximately $17 million , including estimated possible penalties and interest. The Company made a payment of approximately $6.9 million , net of VAT recoverable, during the fourth quarter of 2018 and expects to pay the remainder during the last half of 2019 or the first quarter of 2020. The ultimate amount to be paid may differ from the estimates, and such differences may be material.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Merger Agreement On March 27, 2019, as contemplated by the Settlement Agreement and iHeartMedia’s modified fifth amended Plan of Reorganization (the “iHeart Plan of Reorganization”), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") on January 22, 2019, the Company (then known as Clear Channel Holdings, Inc.) and its subsidiary, Clear Channel Outdoor Holdings, Inc., entered into an Agreement and Plan of Merger (the “Merger Agreement”). On May 1, 2019, Clear Channel Outdoor Holdings, Inc. merged with and into the Company, with the Company surviving the Merger and changing its name to Clear Channel Outdoor Holdings, Inc. Prior to the Merger, the old CCOH Class B Common Stock held by Clear Channel Holdings, Inc., was converted into shares of Clear Channel Outdoor Holdings, Inc.'s Class A Common Stock (the "Old CCOH Class A Common Stock"). At the effective time of the Merger, each share of Old CCOH Class A Common Stock issued and outstanding (other than shares of Old CCOH Class A Common Stock held by Clear Channel Holdings, Inc.) converted into one share of common stock of the Company (the "Common Stock”). The shares of the Old CCOH Class A Common Stock held by Clear Channel Holdings, Inc. were canceled and retired, and no shares of Common Stock were exchanged for such shares. All outstanding shares of common stock of Clear Channel Holdings, Inc., all held by iHeartCommunications immediately before the Merger, were converted into 325,726,917 shares of Common Stock and transferred to certain holders of claims in iHeart Chapter 11 Cases pursuant to the iHeartMedia Plan of Reorganization. As a result, immediately after the Merger, Clear Channel Holdings, Inc. had a single class of common stock, and the pre-Merger Old CCOH Class A common stockholders owned the same percentage of Clear Channel Holdings, Inc. that they owned of Clear Channel Outdoor Holdings, Inc. immediately before the Merger. At the effective time of the Merger, Clear Channel Holdings, Inc. changed its name to Clear Channel Outdoor Holdings, Inc. Separation Agreement On March 27, 2019, the Company, Clear Channel Outdoor Holdings, Inc., iHeartMedia and iHeartCommunications entered into a Settlement and Separation Agreement (the “Separation Agreement”) governing the terms of the separation of the Company as the surviving corporation under the Merger and each subsidiary of the Company after giving effect to the Transactions (the Company together with its subsidiaries, the “Outdoor Group”) from iHeartMedia and each of its subsidiaries immediately after giving effect to the Transactions (iHeartMedia together with its subsidiaries, the “iHeart Group”). Pursuant to the Separation Agreement on May 1, 2019, (i) iHeartMedia and iHeartCommunications caused each relevant member of the iHeart Group to assign, transfer, convey and deliver to iHeartCommunications, and iHeartCommunications transfered to the Company or the relevant member of the Outdoor Group, any and all direct or indirect title and interest in the assets that are primarily related to or used primarily in connection with the Outdoor Business (after giving effect to the Transactions) (such assets, the “Outdoor Assets”), excluding certain excluded assets, and (ii) the Company and Clear Channel Outdoor Holdings, Inc. caused each relevant member of the Outdoor Group to transfer to the relevant member of the iHeart Group any and all direct or indirect title and interest in the assets of the business conducted by the iHeart Group after giving effect to the Transactions, including the radio business (the “iHeart Business” and such assets, the “iHeart Assets”). At the same time as the transfer of the Outdoor Assets from the iHeart Group to the Outdoor Group, the members of the Outdoor Group assumed the liabilities associated with the Outdoor Business, subject to certain exceptions as set forth in the Separation Agreement. At the same time as the transfer of the iHeart Assets from the Outdoor Group to the iHeart Group, the members of the iHeart Group assumed the liabilities associated with the iHeart Business, subject to certain exceptions as set forth in the Separation Agreement. In connection with the cash management arrangements with CCOH, iHeartCommunications maintained an intercompany revolving promissory note payable by iHeartCommunications to CCOH (the "Due from iHeartCommunications Note"). The Separation Agreement provided for cancellation of the Due from iHeartCommunications Note and that any agreements or licenses requiring royalty payments to the iHeart Group by the Outdoor Group for trademarks or other intellectual property terminated effective as of December 31, 2018. It also provided for (i) the repayment of the post-petition intercompany balance outstanding in favor of the Debtors as of December 31, 2018, which was equal to $21.6 million as of that date and (ii) the waiver of the set-off value of any royalties and IP license fees owed to iHeartCommunications equal to approximately $31.8 million from March 14, 2018 through December 31, 2018, such that the resulting intercompany balance on such date was $10.2 million in favor of the Company. Pursuant to an amendment to the Separation Agreement, the Company offset the $149.0 million amount owed to us by the iHeart Group on the Effective Date by $52.1 million (which is the additional intercompany liability incurred from January 1, 2019 through March 31, 2019), resulting in a total net payment to the Company of approximately $107.0 million on May 1, 2019 (including the $10.2 million payment discussed above). iHeartCommunications paid the Company the intercompany liability incurred from April 1, 2019 through May 1, 2019 of $8.8 million after the Separation. In addition, pursuant to the Separation Agreement, the Company received (i) the trademarks listed on the schedules to the Separation Agreement and (ii) reimbursement of the reasonable expenses of legal counsel and financial advisors incurred on or prior to May 1, 2019 of the Company’s board of directors or the special committee of the Company’s board of directors, in each case, to the extent incurred in connection with the Separation. Due from iHeartCommunications Prior to the Separation, the Company recorded net amounts due from or to iHeartCommunications as “Due from/to iHeartCommunications” on the consolidated balance sheets, net of allowance for credit losses. The accounts represented 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. Pursuant to an order entered by the Bankruptcy Court, as of March 14, 2018, the balance of the Due from iHeartCommunications Note was frozen, and following March 14, 2018, intercompany allocations that were reflected in adjustments to the balance of the Due from iHeartCommunications Note were instead reflected in an intercompany balance that accrued interest at a rate equal to the interest under the Due from iHeartCommunications Note. The Company did not expect to recover all of the amounts owed under the Due from iHeartCommunications Note upon the implementation of the iHeart Plan of Reorganization (as defined below). 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, and the outstanding principal amount of $1,031.7 million was reduced to $154.8 million as of March 31, 2019 on the consolidated balance sheet. In addition, upon the filing of the iHeart Chapter 11 Cases on March 14, 2018, the Company ceased recording interest income on the pre-petition balance due from iHeartCommunications as the collectability of the interest was not considered probable. Pursuant to the Settlement Agreement, the Company recovered 14.44% of the outstanding principal amount, or approximately $149.0 million , in cash on the allowed claim of $1,031.7 million under the Due from iHeartCommunications Note. As of June 30, 2019 , the asset recorded in "Due from iHeartCommunications" on the consolidated balance sheet is $0.0 million . Other Related Party Transactions Prior to the Separation, under the Corporate Services Agreement between iHeartCommunications and the Company, iHeartCommunications provided management services to the Company, which included, 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; (viii) licensing of intellectual property, copyrights, trademarks and other intangible assets and (ix) other general corporate services. These services were 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. Upon consummation of the Separation, the Corporate Services Agreement was terminated and iHeartMedia Management Services, Inc. (“iHM Management Services”), iHeartCommunications and the Company entered into a transition services agreement (the “Transition Services Agreement”). Pursuant to the Transition Services Agreement, iHM Management Services provides, or causes, iHeartMedia, iHeartCommunications, iHeart Operations, Inc. (“iHeart Operations”) or any member of the iHeart Group to provide, the Company with certain administrative and support services and other assistance which the Company will utilize in the conduct of its business as such business was conducted prior to the Separation, for one year from May 1, 2019 (subject to certain rights of the Company to extend up to one additional year, as described below). The transition services may include, among other things, (a) treasury, payroll and other financial related services, (b) certain executive officer services, (c) human resources and employee benefits, (d) legal and related services, (e) information systems, network and related services, (f) investment services and (g) procurement and sourcing support. The charges for the transition services under the Transition Services Agreement are generally consistent with the Corporate Services Agreement. The allocation of cost is based on various measures depending on the service provided, which measures include relative revenue, employee headcount, number of users of a service or other factors. The Company may request an extension of the term for all services or individual services for one-month periods for up to an additional 12 months, and the price for transition services provided during such extended term will be increased for any service other than those identified in the schedules to the Transition Services Agreement as an “IT Service” or any other service the use and enjoyment of which requires the use of another IT Service. For the three months ended June 30, 2019 and 2018 , the Company recorded $4.6 million and $16.9 million , respectively, and $12.0 million and $34.1 million for the six months ended June 30, 2019 and 2018 , respectively, under the Corporate Services Agreement through May 1, 2019 and under the Transition Services Agreement following May 1, 2019, as a component of corporate expenses for these services. The lower management services costs in 2019 primarily resulted from iHeartCommunications no longer charging the trademark license fee in 2019. The Company may terminate the Transition Services Agreement with respect to all or any individual service, in whole or in part, upon 30 days’ prior written notice, provided that any co-dependent services must be terminated concurrently. Pursuant to the tax matters agreement, as in existence prior to the Separation (the "Old Tax Matters Agreement") between iHeartCommunications and the Company, the operations of the Company were included in a consolidated federal income tax return filed by iHeartCommunications. The Company’s provision for income taxes has historically been computed on the basis that the Company files separate consolidated federal income tax returns with its subsidiaries. Tax payments were made to iHeartCommunications on the basis of the Company’s separate taxable income. Tax benefits recognized on the Company’s employee stock option exercises were retained by the Company. In addition, if iHeartCommunications or its subsidiaries used certain of our tax attributes (including net operating losses, foreign tax credits and other credits) and such use resulted in a decrease in tax liability for iHeartCommunications or its subsidiaries, then iHeartCommunications would reimburse us for the use of such attributes based on the amount of tax benefit realized. Upon consummation of the Separation, the Tax Matters Agreement was terminated and replaced with a new tax matters agreement (the "New Tax Matters Agreement") by and among iHeartMedia, iHeartCommunications, iHeart Operations, Inc., the Company and Clear Channel Outdoor, LLC to allocate the responsibility of the iHeart Group, on the one hand, and the Outdoor Group, on the other, for the payment of taxes arising prior to and subsequent to, and/or in connection with the iHeart Plan of Reorganization. The New Tax Matters Agreement provides that any reduction of our tax attributes as a result of cancellation of indebtedness income realized in connection with the iHeart Chapter 11 Cases is not treated as a use of such tax attributes and, therefore, does not require iHeartMedia to reimburse us for such reduction. The Company computes its deferred income tax provision using the liability method in accordance with the provisions of ASC Subtopic 740-10. 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. Prior to the Separation, pursuant to the Employee Matters Agreement, the Company’s employees participated in iHeartCommunications’ employee benefit plans, including employee medical insurance and a 401(k) retirement benefit plan. For the three and six months ended June 30, 2018 , the Company recorded $2.3 million and $4.6 million , respectively, as a component of selling, general and administrative expenses for these services. On January 1, 2019, the Company's employees began participation in the Company's separate employee benefit plans, including employee medical insurance and a 401(k) retirement benefit plan. Upon consummation of the Separation, the Employee Matters Agreement was terminated; however, under the Transition Services Agreement, the Company continues to receive administrative assistance from iHeartCommunications. The Company provides advertising space on its billboards for iHeartMedia, Inc. and for radio stations owned by iHeartMedia, Inc. This arrangement will continue through the term of the Transition Services Agreement. For the three months ended June 30, 2019 and 2018 , the Company recorded $1.3 million and $2.9 million , respectively, and $2.3 million and $4.4 million for the six months ended June 30, 2019 and 2018 , respectively, in revenue for these advertisements. The majority of these agreements are leasing transactions as they convey to iHeartMedia, Inc. the right to control the use of the Company's advertising structures for a stated period of time.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2019
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, 2019 and 2018 consisted of the following components: (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Current tax benefit (expense) $ 27,907 $ 24,837 $ (43,813 ) $ (3,619 ) Deferred tax benefit (expense) 1,186 (29,590 ) 15,143 (46,501 ) Income tax benefit (expense) $ 29,093 $ (4,753 ) $ (28,670 ) $ (50,120 ) The effective tax rates for the three and six months ended June 30, 2019 were 71.8% and (18.8)% , respectively. The effective rate was primarily impacted by the valuation allowance recorded against deferred tax assets resulting from losses in the U.S. and certain foreign jurisdictions due to uncertainty regarding the Company's ability to realize those assets in future periods. The income tax benefit recorded for the three months ended June 30, 2019 is attributed to changes in the Company's estimated annual effective tax rate, driven primarily by changes in forecasted earnings at certain international locations. The effective tax rates for the three and six months ended June 30, 2018 were (12.4)% and (39.9)% , respectively. The effective rate was primarily impacted by the valuation allowance recorded against deferred tax assets resulting from losses in the U.S. and certain foreign jurisdictions due to uncertainty regarding the Company's ability to realize those assets in future periods. As a result of the Separation from iHeartMedia, certain deferred tax attributes of the Company were reduced as a result of cancellation of indebtedness income realized in connection with the iHeart Plan of Reorganization. As discussed in Note 7, the Company was not reimbursed for the reduction of its tax attributes under the terms of the New Tax Matters Agreement. The reorganization adjustments resulted in a reduction to deferred tax assets for all U.S. federal net operating loss carryforwards and certain state net operating loss carryforwards. These adjustments were partially offset by the reduction of valuation allowances recorded by the Company as of the Separation date. The net tax impact of the reorganization adjustments, which was approximately $65.9 million , was reflected in the equity section of the balance sheet as a dividend. Additionally, the Company recognized a capital loss for tax purposes as a result of the series of transactions to effect the Separation. To the extent the capital loss is not subject to reduction as a result of cancellation of indebtedness income, it may be carried forward to offset capital gains recognized by the Company in the next five years, subject to annual limitations under Section 382 of the Internal Revenue Code. The deferred tax asset associated with the capital loss carryforward is offset by a valuation allowance due to significant uncertainty regarding the Company's ability to utilize the carryforward prior to its expiration.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	STOCKHOLDERS' EQUITY (DEFICIT) Common Stock At the effective time of the Merger, each share of Old CCOH Class A Common Stock issued and outstanding (other than shares of Old CCOH Class A Common Stock held by Clear Channel Holdings, Inc.) converted into one share of common stock of the Company (the "Common Stock”). The shares of the Old CCOH Class A Common Stock held by Clear Channel Holdings, Inc. were canceled and retired, and no shares of Common Stock were exchanged for such shares. All outstanding shares of common stock of Clear Channel Holdings, Inc., all held by iHeartCommunications immediately before the Merger, were converted into 325,726,917 shares of Common Stock and transferred to certain holders of claims in iHeart Chapter 11 Cases pursuant to the iHeartMedia Plan of Reorganization. As a result, immediately after the Merger, Clear Channel Holdings, Inc. had a single class of common stock, and the pre-Merger Old CCOH Class A common stockholders owned the same percentage of Clear Channel Holdings, Inc. that they owned of Clear Channel Outdoor Holdings, Inc. immediately before the Merger. On July 30, 2019, the Company issued 100 million shares of common stock in a public offering which resulted in net proceeds of $333.5 million , net of underwriting discounts and offering expenses. The Company intends to use the net proceeds from this offering to redeem approximately $333.5 million aggregate principal amount of New CCWH Subordinated Notes on August 22, 2019. Share-Based Compensation Expense We have granted restricted stock, restricted stock units and options to purchase shares of our common stock to certain employees under our equity incentive plans. Share-based compensation expense, which is recorded in corporate expenses, was $8.6 million and $1.5 million for the three months ended June 30, 2019 and 2018 , respectively, and $10.4 million and $3.6 million for the six months ended June 30, 2019 and 2018 , respectively. The increase in share-based compensation expense relates to new equity awards granted in the second quarter of 2019, which were expensed immediately as they do not contain a service condition for vesting. As of June 30, 2019 , there was $13.2 million of unrecognized compensation cost related to unvested share-based compensation arrangements that will vest based on service conditions. This cost is expected to be recognized over a weighted average period of approximately 2.8 years . Computation of Net Loss Per Share The following table presents the computation of net loss per share or the three and six months ended June 30, 2019 and 2018 : (In thousands, except per share data) Three Months Ended Six Months Ended 2019 2018 2019 2018 NUMERATOR: Net loss attributable to the Company – common shares $ (10,939 ) $ (50,383 ) $ (175,106 ) $ (178,805 ) DENOMINATOR: Weighted average common shares outstanding - basic 362,409 361,708 362,225 361,612 Weighted average common shares outstanding - diluted (1) 362,409 361,708 362,225 361,612 Net loss attributable to the Company per common share: Basic $ (0.03 ) $ (0.14 ) $ (0.48 ) $ (0.49 ) Diluted $ (0.03 ) $ (0.14 ) $ (0.48 ) $ (0.49 ) (1) Outstanding equity awards of 8.4 million and 6.7 million for the three months ended June 30, 2019 and 2018 , respectively, and 8.3 million and 6.7 million for the six months ended June 30, 2019 and 2018 , respectively, were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.

OTHER INFORMATION

OTHER INFORMATION	6 Months Ended
	Jun. 30, 2019
Other Income and Expenses [Abstract]
OTHER INFORMATION	OTHER INFORMATION Other Comprehensive Income (Loss) For the three and six months ended June 30, 2019 , the total increase in other comprehensive income related to the impact of pensions on deferred income tax liabilities was $0.6 million . There was no change in deferred income tax liabilities resulting from adjustments to comprehensive loss for the three and six months ended June 30, 2018 . Restricted Cash 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, Cash and cash equivalents $ 372,497 $ 182,456 Restricted cash included in: Other current assets 4,145 4,221 Other assets 13,162 16,192 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 389,804 $ 202,869 Mandatorily Redeemable Preferred Stock On May 1, 2019, the Company issued 45,000 shares of Series A Perpetual Preferred Stock, par value $0.01 per share ("Preferred Stock"), with the Company having an aggregate initial liquidation preference of $45.0 million , for a cash purchase price of $45.0 million , before fees and expenses. As of June 30, 2019, the liquidation preference of the Preferred Stock was approximately $46.1 million . The terms and conditions of the Preferred Stock and the rights of its holders are set forth in the Certificate of Designation of Series A Perpetual Preferred Stock (the “Certificate of Designation”) of the Company filed with the office of the Secretary of State of the State of Delaware on May 1, 2019, and the Series A Investors Rights Agreement, dated as of May 1, 2019, by and among the Company, CCWH, and the purchaser listed therein (the “Investors Rights Agreement”). Shares of the Preferred Stock rank senior and in priority of payment to our common equity interests and preferred stock junior to the Preferred Stock and other equity interests and preferred stock that does not expressly provide that such equity interest ranks senior to or pari passu with the Preferred Stock in any liquidation or winding up of the Company. Dividends on the Preferred Stock accrue on a daily basis at the applicable dividend rate on the then-current liquidation preference of the Preferred Stock, as and when declared by the board of directors. Dividends will either (a) be payable in cash, if and to the extent declared by the board of directors, or (b) be added to the liquidation preference. The dividend rate will be equal to (i) the greater of (a) a published LIBOR rate or (b) two percent ( 2% ) plus (ii) either a cash dividend margin or an accruing dividend margin, in each case based on the Company's consolidated leverage ratio, subject to certain adjustments. At any leverage ratio, the accruing dividend margin will exceed the cash dividend margin by 1.5% . Dividends, if declared, will be payable on March 31, June 30, September 30 and December 31 of each year (or on the next business day if such date is not a business day). No dividend may be declared unless paid immediately in cash (it being understood that no dividends may be declared and paid in securities or otherwise "in kind"). The Company may redeem any of the Preferred Stock, at its option, at any time on or after the third anniversary of the Issue Date, in each case, in cash at a redemption price equal to the Liquidation Preference per share. Upon consummation of certain equity offerings, the Company may, at its option, redeem all or a part of the Preferred Stock for the Liquidation Preference plus a make-whole premium. In addition, upon the occurrence of, among other things (i) any change of control, (ii) a liquidation, dissolution, or winding up or (iii) certain insolvency events, each holder may require the Company to redeem for cash all of the then outstanding shares of Preferred Stock. In addition, the holders of Preferred Shares may require a designated subsidiary of the Company to purchase the shares after the fifth anniversary of issuance. On the tenth anniversary of the issue date of the Preferred Stock, the shares of Preferred Stock will be subject to mandatory redemption for an amount equal to the liquidation preference. The certificate of designations for the Preferred Stock limit the Company's ability to incur additional debt or any other security ranking pari passu with or senior to the Preferred Stock, other than in (a) an amount not to exceed $300 million on a cumulative basis or (b) subject to an incurrence-based leverage test, subject to other customary carve-outs. Subject to certain exceptions, the holders of shares of Preferred Stock have no voting power, and no right to vote on any matter at any time, either as a separate series or class or together with any other series or class of shares of capital stock, and are not be entitled to call a meeting of such holders for any purpose, nor are they entitled to participate in any meeting of the holders of the Company’s Common Stock. However, if dividends on the Preferred Stock have not been paid, in cash, for twelve consecutive quarters, the holders of the Preferred Stock shall have the right to designate one member to the Company’s board of directors. Should the Company default or fail to pay dividends, in cash, on the Preferred Stock for twelve consecutive quarters, the holders of the Preferred Stock will have the right to appoint one director to the Company’s board of directors.

SEGMENT DATA

SEGMENT DATA	6 Months Ended
	Jun. 30, 2019
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 following table presents the Company's reportable segment results for the three and six months ended June 30, 2019 and 2018 : (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended June 30, 2019 Revenue $ 327,142 $ 370,873 $ — $ 698,015 Direct operating expenses 135,974 227,055 — 363,029 Selling, general and administrative expenses 55,482 79,239 — 134,721 Corporate expenses — — 38,907 38,907 Depreciation and amortization 44,558 33,812 1,804 80,174 Other operating income, net — — 1,270 1,270 Operating income (loss) $ 91,128 $ 30,767 $ (39,441 ) $ 82,454 Segment assets $ 3,664,135 $ 2,446,789 $ 317,033 $ 6,427,957 Capital expenditures $ 15,930 $ 28,665 $ 6,513 $ 51,108 Share-based compensation expense $ — $ — $ 8,561 $ 8,561 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 Segment assets $ 2,798,237 $ 1,527,312 $ 195,503 $ 4,521,052 Capital expenditures $ 11,481 $ 20,294 $ 868 $ 32,643 Share-based compensation expense $ — $ — $ 1,519 $ 1,519 (In thousands) Americas International Corporate and other reconciling items Consolidated Six Months Ended June 30, 2019 Revenue $ 599,864 $ 685,267 $ — $ 1,285,131 Direct operating expenses 266,493 444,363 — 710,856 Selling, general and administrative expenses 107,118 150,569 — 257,687 Corporate expenses — — 67,521 67,521 Depreciation and amortization 84,054 68,393 2,803 155,250 Other operating loss, net — — (2,252 ) (2,252 ) Operating income (loss) $ 142,199 $ 21,942 $ (72,576 ) $ 91,565 Segment assets $ 3,664,135 $ 2,446,789 $ 317,033 $ 6,427,957 Capital expenditures $ 27,338 $ 43,484 $ 8,459 $ 79,281 Share-based compensation expense $ — $ — $ 10,395 $ 10,395 Six Months Ended June 30, 2018 Revenue $ 555,769 $ 754,609 $ — $ 1,310,378 Direct operating expenses 255,186 479,039 — 734,225 Selling, general and administrative expenses 96,774 155,923 — 252,697 Corporate expenses — — 73,363 73,363 Depreciation and amortization 87,627 77,248 1,952 166,827 Other operating income, net — — 875 875 Operating income (loss) $ 116,182 $ 42,399 $ (74,440 ) $ 84,141 Segment assets $ 2,798,237 $ 1,527,312 $ 195,503 $ 4,521,052 Capital expenditures $ 24,388 $ 35,566 $ 1,361 $ 61,315 Share-based compensation expense $ — $ — $ 3,625 $ 3,625

GUARANTOR SUBSIDIARIES

GUARANTOR SUBSIDIARIES	6 Months Ended
	Jun. 30, 2019
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 CCWH. 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, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 206,325 $ — $ 20,058 $ 146,114 $ — $ 372,497 Accounts receivable, net of allowance — — 225,646 430,792 — 656,438 Intercompany receivables — 775,267 2,756,261 45,786 (3,577,314 ) — Prepaid expenses 1,550 — 21,257 43,281 — 66,088 Other current assets — — 2,620 31,089 — 33,709 Total Current Assets 207,875 775,267 3,025,842 697,062 (3,577,314 ) 1,128,732 Structures, net — — 552,042 418,607 — 970,649 Other property, plant and equipment, net — — 126,964 119,094 — 246,058 Indefinite-lived permits — — 971,163 — — 971,163 Other intangibles, net — — 311,513 15,805 — 327,318 Goodwill — — 507,820 197,242 — 705,062 Operating lease right-of-use assets — — 999,646 980,161 — 1,979,807 Intercompany notes receivable 182,026 5,184,629 4,935 16,273 (5,387,863 ) — Other assets 117,156 (3,949 ) 1,219,699 72,579 (1,306,317 ) 99,168 Total Assets $ 507,057 $ 5,955,947 $ 7,719,624 $ 2,516,823 $ (10,271,494 ) $ 6,427,957 Accounts payable $ — $ — $ 37,207 $ 72,438 $ — $ 109,645 Intercompany payable 2,756,261 — 821,053 — (3,577,314 ) — Accrued expenses 8,366 (1,156 ) 97,896 357,136 — 462,242 Current operating lease liabilities — — 99,635 294,447 — 394,082 Deferred revenue — — 44,422 51,561 — 95,983 Accrued Interest — 55,251 572 1,171 — 56,994 Current portion of long-term debt — — 249 11 — 260 Total Current Liabilities 2,764,627 54,095 1,101,034 776,764 (3,577,314 ) 1,119,206 Long-term debt — 4,920,391 3,718 371,987 — 5,296,096 Mandatorily redeemable preferred stock 44,884 — — — — 44,884 Non-current operating lease liabilities — — 906,024 714,166 — 1,620,190 Intercompany notes payable — 16,273 5,107,418 264,172 (5,387,863 ) — Deferred income taxes (29,866 ) 853 483,829 (66,692 ) — 388,124 Other long-term liabilities 277 — 73,313 100,792 — 174,382 Total stockholders' equity (deficit) (2,272,865 ) 964,335 44,288 355,634 (1,306,317 ) (2,214,925 ) Total Liabilities and Stockholders' Equity (Deficit) $ 507,057 $ 5,955,947 $ 7,719,624 $ 2,516,823 $ (10,271,494 ) $ 6,427,957 (In thousands) December 31, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 1,560 $ — $ 18,464 $ 162,432 $ — $ 182,456 Accounts receivable, net of allowance — — 226,230 480,079 — 706,309 Intercompany receivables — 773,844 2,807,601 66,551 (3,647,996 ) — Prepaid expenses 329 1,211 52,052 42,142 — 95,734 Other current assets — — 2,857 28,444 — 31,301 Total Current Assets 1,889 775,055 3,107,204 779,648 (3,647,996 ) 1,015,800 Structures, net — — 594,456 458,560 — 1,053,016 Other property, plant and equipment, net — — 127,449 108,473 — 235,922 Indefinite-lived permits — — 971,163 — — 971,163 Other intangibles, net — — 235,326 17,536 — 252,862 Goodwill — — 507,820 198,183 — 706,003 Due from iHeartCommunications, net 154,758 — — — — 154,758 Intercompany notes receivable 182,026 5,116,629 4,895 16,272 (5,319,822 ) — Other assets 252,239 44,792 1,291,278 80,466 (1,536,271 ) 132,504 Total Assets $ 590,912 $ 5,936,476 $ 6,839,591 $ 1,659,138 $ (10,504,089 ) $ 4,522,028 Accounts payable $ — $ — $ 30,206 $ 83,508 $ — $ 113,714 Intercompany payable 2,807,601 — 840,395 — (3,647,996 ) — Accrued expenses 33,632 595 68,322 425,933 — 528,482 Deferred revenue — — 45,914 39,138 — 85,052 Accrued interest — 1,004 162 1,175 — 2,341 Current portion of long-term debt — — 227 — — 227 Total Current Liabilities 2,841,233 1,599 985,226 549,754 (3,647,996 ) 729,816 Long-term debt — 4,902,447 3,654 371,007 — 5,277,108 Intercompany notes payable — 16,273 5,039,418 264,131 (5,319,822 ) — Deferred income taxes (46,739 ) 853 428,319 (47,418 ) — 335,015 Due to iHeartCommunications 21,591 — — — — 21,591 Other long-term liabilities 542 — 139,647 119,961 — 260,150 Total stockholders' equity (deficit) (2,225,715 ) 1,015,304 243,327 401,703 (1,536,271 ) (2,101,652 ) Total Liabilities and Stockholders' Equity (Deficit) $ 590,912 $ 5,936,476 $ 6,839,591 $ 1,659,138 $ (10,504,089 ) $ 4,522,028 (In thousands) Three Months Ended June 30, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 324,824 $ 373,191 $ — $ 698,015 Operating expenses: Direct operating expenses — — 134,467 228,562 — 363,029 Selling, general and administrative expenses — — 55,226 79,495 — 134,721 Corporate expenses 1,359 — 23,156 14,392 — 38,907 Depreciation and amortization — — 46,106 34,068 — 80,174 Other operating income (expense), net (109 ) — 1,127 252 — 1,270 Operating income (loss) (1,468 ) — 66,996 16,926 — 82,454 Interest expense, net 930 98,070 289 8,682 — 107,971 Intercompany interest income 4,940 101,059 6,239 — (112,238 ) — Intercompany interest expense 523 253 105,999 5,463 (112,238 ) — Equity in earnings (loss) of nonconsolidated affiliates 6,590 (5,006 ) 454 — (2,038 ) — Loss on Due from iHeartCommunications (5,778 ) (5,778 ) Other income (expense), net — — (10,785 ) 1,582 — (9,203 ) Income (loss) before income taxes 2,831 (2,270 ) (43,384 ) 4,363 (2,038 ) (40,498 ) Income tax benefit (expense) (13,770 ) 1,156 49,974 (8,267 ) — 29,093 Consolidated net income (loss) (10,939 ) (1,114 ) 6,590 (3,904 ) (2,038 ) (11,405 ) Less amount attributable to noncontrolling interest — — — (466 ) — (466 ) Net income (loss) attributable to the Company $ (10,939 ) $ (1,114 ) $ 6,590 $ (3,438 ) $ (2,038 ) $ (10,939 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 120 52 — 172 Other adjustments to comprehensive income (loss) — — — 2,592 — 2,592 Equity in subsidiary comprehensive loss 5,785 4,729 5,665 — (16,179 ) — Other comprehensive income (loss) 5,785 4,729 5,785 2,644 (16,179 ) 2,764 Comprehensive income (loss) (5,154 ) 3,615 12,375 (794 ) (18,217 ) (8,175 ) Less amount attributable to noncontrolling interest — — — (3,021 ) — (3,021 ) Comprehensive income (loss) attributable to the Company $ (5,154 ) $ 3,615 $ 12,375 $ 2,227 $ (18,217 ) $ (5,154 ) (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 expense, net (218 ) 88,143 430 8,422 — 96,777 Intercompany interest income 4,240 90,246 5,490 — (99,976 ) — Intercompany interest expense 210 242 94,486 5,038 (99,976 ) — Equity in earnings (loss) of nonconsolidated affiliates (45,932 ) (27,348 ) (28,856 ) — 102,136 — Other income (expense), net (416 ) — 465 (35,451 ) — (35,402 ) Loss before income taxes (41,288 ) (25,487 ) (67,100 ) (6,451 ) 102,136 (38,190 ) Income tax benefit (expense) (9,095 ) (2,666 ) 21,168 (14,160 ) — (4,753 ) Consolidated net income (loss) (50,383 ) (28,153 ) (45,932 ) (20,611 ) 102,136 (42,943 ) Less amount attributable to noncontrolling interest — — — 7,440 — 7,440 Net loss attributable to the Company $ (50,383 ) $ (28,153 ) $ (45,932 ) $ (28,051 ) $ 102,136 $ (50,383 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (1,296 ) (17,324 ) — (18,620 ) Equity in subsidiary comprehensive loss (10,701 ) (2,556 ) (9,405 ) — 22,662 — Other comprehensive income (loss) (10,701 ) (2,556 ) (10,701 ) (17,324 ) 22,662 (18,620 ) Comprehensive loss (61,084 ) (30,709 ) (56,633 ) (45,375 ) 124,798 (69,003 ) Less amount attributable to noncontrolling interest — — — (7,919 ) — (7,919 ) Comprehensive loss attributable to the Company $ (61,084 ) $ (30,709 ) $ (56,633 ) $ (37,456 ) $ 124,798 $ (61,084 ) (In thousands) Six Months Ended June 30, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 595,276 $ 689,855 $ — $ 1,285,131 Operating expenses: Direct operating expenses — — 263,521 447,335 — 710,856 Selling, general and administrative expenses — — 106,605 151,082 — 257,687 Corporate expenses 2,468 — 40,041 25,012 — 67,521 Depreciation and amortization — — 86,318 68,932 — 155,250 Other operating income (expense), net (222 ) — 703 (2,733 ) — (2,252 ) Operating income (loss) (2,690 ) — 99,494 (5,239 ) — 91,565 Interest expense, net 1,735 202,635 875 17,589 — 222,834 Intercompany interest income 10,404 206,049 12,710 — (229,163 ) — Intercompany interest expense 1,334 503 216,453 10,873 (229,163 ) — Loss on extinguishment of debt — (5,474 ) — — — (5,474 ) Equity in loss of nonconsolidated affiliates (137,852 ) (36,416 ) (37,363 ) — 211,631 — Loss on Due from iHeartCommunications (5,778 ) — — — — (5,778 ) Other income (expense), net — — (13,407 ) 3,639 — (9,768 ) Loss before income taxes (138,985 ) (38,979 ) (155,894 ) (30,062 ) 211,631 (152,289 ) Income tax benefit (expense) (36,121 ) 335 18,042 (10,926 ) — (28,670 ) Consolidated net loss (175,106 ) (38,644 ) (137,852 ) (40,988 ) 211,631 (180,959 ) Less amount attributable to noncontrolling interest — — — (5,853 ) — (5,853 ) Net loss attributable to the Company $ (175,106 ) $ (38,644 ) $ (137,852 ) $ (35,135 ) $ 211,631 $ (175,106 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 15,498 (12,777 ) — 2,721 Other adjustments to comprehensive income — — — 2,592 — 2,592 Equity in subsidiary comprehensive income 4,750 (12,325 ) (10,748 ) — 18,323 — Other comprehensive income (loss) 4,750 (12,325 ) 4,750 (10,185 ) 18,323 5,313 Comprehensive loss (170,356 ) (50,969 ) (133,102 ) (45,320 ) 229,954 (169,793 ) Less amount attributable to noncontrolling interest — — — 563 — 563 Comprehensive loss attributable to the Company $ (170,356 ) $ (50,969 ) $ (133,102 ) $ (45,883 ) $ 229,954 $ (170,356 ) (In thousands) Six Months Ended June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 551,529 $ 758,849 $ — $ 1,310,378 Operating expenses: Direct operating expenses — — 252,225 482,000 — 734,225 Selling, general and administrative expenses — — 96,276 156,421 — 252,697 Corporate expenses 2,256 — 51,744 19,363 — 73,363 Depreciation and amortization — — 89,059 77,768 — 166,827 Other operating income (expense), net (95 ) — 337 633 — 875 Operating income (loss) (2,351 ) — 62,562 23,930 — 84,141 Interest (income) expense , net (220 ) 176,312 818 17,131 — 194,041 Intercompany interest income 8,386 180,474 10,787 — (199,647 ) — Intercompany interest expense 210 459 188,860 10,118 (199,647 ) — Equity in earnings (loss) of nonconsolidated affiliates (162,356 ) (33,857 ) (35,450 ) — 231,663 — Other income (expense), net — — 2,421 (18,182 ) — (15,761 ) Loss before income taxes (156,311 ) (30,154 ) (149,358 ) (21,501 ) 231,663 (125,661 ) Income tax expense (22,494 ) (5,328 ) (12,998 ) (9,300 ) — (50,120 ) Consolidated net loss (178,805 ) (35,482 ) (162,356 ) (30,801 ) 231,663 (175,781 ) Less amount attributable to noncontrolling interest — — — 3,024 — 3,024 Net loss attributable to the Company $ (178,805 ) $ (35,482 ) $ (162,356 ) $ (33,825 ) $ 231,663 $ (178,805 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (1,226 ) (10,612 ) — (11,838 ) Equity in subsidiary comprehensive loss (9,155 ) (3,298 ) (7,929 ) — 20,382 — Other comprehensive income (loss) (9,155 ) (3,298 ) (9,155 ) (10,612 ) 20,382 (11,838 ) Comprehensive loss (187,960 ) (38,780 ) (171,511 ) (44,437 ) 252,045 (190,643 ) Less amount attributable to noncontrolling interest — — — (2,683 ) — (2,683 ) Comprehensive loss attributable to the Company $ (187,960 ) $ (38,780 ) $ (171,511 ) $ (41,754 ) $ 252,045 $ (187,960 ) (In thousands) Six Months Ended June 30, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (175,106 ) $ (38,644 ) $ (137,852 ) $ (40,988 ) $ 211,631 $ (180,959 ) Reconciling items: Depreciation and amortization — — 86,318 68,932 — 155,250 Deferred taxes 16,873 — (10,427 ) (21,589 ) — (15,143 ) Provision for doubtful accounts — — 2,187 2,230 — 4,417 Amortization of deferred financing charges and note discounts, net 9 4,265 — 956 — 5,230 Share-based compensation — — 9,609 786 — 10,395 (Gain) loss on disposal of operating assets, net — — (702 ) 2,792 — 2,090 Equity in loss of nonconsolidated affiliates 137,852 36,416 37,363 — (211,631 ) — Loss on Due from iHeartCommunications 5,778 — — — — 5,778 Loss on extinguishment of debt — 5,474 — — — 5,474 Foreign exchange transaction (gain) loss — — (30 ) 3,655 — 3,625 Other reconciling items, net — — (1,371 ) (1,416 ) — (2,787 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable — — (1,602 ) 46,425 — 44,823 (Increase) decrease in prepaid expenses and other current assets (1,221 ) 1,211 (16,901 ) (18,035 ) — (34,946 ) Increase (decrease) in accrued expenses (24,830 ) (1,751 ) 34,490 (33,099 ) — (25,190 ) Increase (decrease) in accounts payable — — 7,002 (10,366 ) — (3,364 ) Increase (decrease) in accrued interest — 54,248 1,486 (102 ) — 55,632 Increase (decrease) in deferred revenue — — (2,133 ) 12,672 — 10,539 Changes in other operating assets and liabilities 1,981 — 5,807 6,483 — 14,271 Net cash provided by (used for) operating activities $ (38,664 ) $ 61,219 $ 13,244 $ 19,336 $ — $ 55,135 Cash flows from investing activities: Purchases of property, plant and equipment — — (35,789 ) (43,492 ) — (79,281 ) Proceeds from disposal of assets — — 2,326 192 — 2,518 Increase in intercompany notes receivable, net — (68,000 ) — — 68,000 — Change in other, net — — — 76 — 76 Net cash used for investing activities $ — $ (68,000 ) $ (33,463 ) $ (43,224 ) $ 68,000 $ (76,687 ) Cash flows from financing activities: Proceeds from long-term debt — 2,235,000 197 — — 2,235,197 Proceeds from issuance of mandatorily redeemable preferred stock 43,798 — — — — 43,798 Payments on long-term debt — (2,200,000 ) (111 ) (2 ) — (2,200,113 ) Net transfers from iHeartCommunications 43,399 — — — — 43,399 Proceeds from settlement of Due from iHeartCommunications 115,798 — — — — 115,798 Dividends and other payments to noncontrolling interests — — — (127 ) — (127 ) Dividends paid (701 ) — — — — (701 ) Increase in intercompany notes payable, net — — 68,000 — (68,000 ) — Intercompany funding 43,263 (1,424 ) (46,273 ) 4,434 — — Debt issuance costs — (26,795 ) — — — (26,795 ) Change in other, net (2,128 ) — — — — (2,128 ) Net cash provided by financing activities 243,429 6,781 21,813 4,305 (68,000 ) 208,328 Effect of exchange rate changes on cash, cash equivalents and restricted cash — — — 159 — 159 Net increase (decrease) in cash, cash equivalents and restricted cash 204,765 — 1,594 (19,424 ) — 186,935 Cash, cash equivalents and restricted cash at beginning of year 1,560 — 18,464 182,845 — 202,869 Cash, cash equivalents and restricted cash at end of year $ 206,325 $ — $ 20,058 $ 163,421 $ — $ 389,804 (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 and other assets — — (336 ) (779 ) — (1,115 ) Equity in (earnings) loss of nonconsolidated affiliates 162,356 33,857 35,450 — (231,663 ) — Foreign exchange transaction (gain) loss — — (49 ) 14,584 — 14,535 Other reconciling items, net — — (331 ) (767 ) — (1,098 ) 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 prepaid expenses 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 revenue — — 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 Increase in intercompany notes receivable, net — (8,829 ) — — 8,829 — Dividends from subsidiaries — — 1,111 — (1,111 ) — Change in other, net — — (3 ) 15 — 12 Net cash provided by (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 from 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 — — Debt issuance costs — (1,298 ) — — (1,298 ) Change in other, net (702 ) — — — — (702 ) 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, cash equivalents and restricted cash — — — (4,319 ) — (4,319 ) Net increase (decrease) in cash, cash equivalents and restricted cash (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 period $ 27,559 $ — $ 16,932 $ 174,705 $ — $ 219,196

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Preparation of Interim Financial Statements	The consolidated financial statements include the accounts of the Company and its subsidiaries and, prior to the Separation, give effect to allocations of expenses from iHeartMedia. These allocations, which ceased at the time of Separation, 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 Recently Adopted	New Accounting Pronouncements Recently Adopted Leases The Company adopted Accounting Standards Update ("ASU") No. 2016-02, which created Accounting Standards Codification ("ASC") Topic 842, Leases , and all subsequent ASUs relating to this Topic (collectively, "ASC Topic 842") as of January 1, 2019. This new lease accounting standard, which supersedes previous lease accounting guidance under U.S. GAAP (ASC Topic 840), results in significant changes to the balance sheets of lessees, most significantly by requiring the recognition of a right-of-use ("ROU") asset and lease liability by lessees for those leases classified as operating leases. Lessor accounting is also updated to align with certain changes in the lessee model and the revenue recognition standard (ASC Topic 606), which was adopted in 2018. The Company applied the transition provisions of this standard at January 1, 2019 following the optional transition method provided by ASU No. 2018-11; consequently the consolidated financial statements and notes to the consolidated financial statements for periods before the date of adoption continue to be presented in accordance with ASC Topic 840. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to not reassess whether expired or existing contracts are or contain leases and to carry forward the historical lease classification for those leases that commenced prior to the date of adoption. Upon adoption of ASC Topic 842, prepaid and deferred rent balances, which were historically presented separately, were combined and presented net within the ROU asset. Additionally, deferred gains related to previous transactions that were historically accounted for as sale and operating leasebacks in accordance with ASC Topic 840 were recognized as a cumulative-effect adjustment to equity, resulting in an increase to equity, net of tax, of $14.6 million . Adoption of the new standard had a material impact on our consolidated balance sheets, but it did not have a material impact on our other consolidated financial statements. Additionally, the standard requires disclosures to meet the objective of enabling users of the financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Refer to Note 2 , Revenue , and Note 3 , Leases , for more information. Intangible Assets and Goodwill During the first quarter of 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) , which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities shall record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value. The standard is mandatory for annual and interim impairment tests performed for periods beginning after December 15, 2019; however, the Company early adopted the proposed guidance under ASU 2017-04 beginning on January 1, 2019 on a prospective basis. The implementation of ASU 2017-04 did not have a material impact on our consolidated financial statements and related disclosures. During the third quarter of 2018, the FASB issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract . This update requires that a customer in a cloud computing arrangement that is a service contract follow the internal-use software guidance in ASC 350-402 to determine which implementation costs to capitalize as assets. The standard is effective for fiscal years beginning after December 15, 2019; however, the Company early adopted the proposed guidance under ASU 2018-15 beginning on January 1, 2019 on a prospective basis. The implementation of ASU 2018-15 did not have a material impact on our consolidated financial statements and related disclosures.

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 and 2018 : (In thousands) Americas International Consolidated Three Months Ended June 30, 2019 Revenue from contracts with customers: United States $ 181,500 $ — $ 181,500 Other Americas 1,026 17,411 18,437 Europe — 252,106 252,106 Asia-Pacific — 59,986 59,986 Total 182,526 329,503 512,029 Revenue from leases 144,616 41,370 185,986 Revenue, total $ 327,142 $ 370,873 $ 698,015 Three Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 115,488 $ — $ 115,488 Other Americas 634 13,359 13,993 Europe — 226,577 226,577 Asia-Pacific — 2,613 2,613 Total 116,122 242,549 358,671 Revenue from leases 183,800 169,509 353,309 Revenue, total $ 299,922 $ 412,058 $ 711,980 Six Months Ended June 30, 2019 Revenue from contracts with customers: United States $ 312,931 $ — $ 312,931 Other Americas 1,922 31,056 32,978 Europe — 453,311 453,311 Asia-Pacific — 113,217 113,217 Total 314,853 597,584 912,437 Revenue from leases 285,011 87,683 372,694 Revenue, total $ 599,864 $ 685,267 $ 1,285,131 Six Months Ended June 30, 2018 Revenue from contracts with customers: United States $ 211,635 $ — $ 211,635 Other Americas 1,284 25,482 26,766 Europe — 413,793 413,793 Asia-Pacific — 5,625 5,625 Total 212,919 444,900 657,819 Revenue from leases 342,850 309,709 652,559 Revenue, total $ 555,769 $ 754,609 $ 1,310,378
Summary of Contract with Customer, Asset and Liability	The following tables show the Company’s beginning and ending accounts receivable and deferred revenue balances from contracts with customers: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Accounts receivable, net of allowance, from contracts with customers: Beginning balance $ 418,916 $ 305,030 $ 367,918 $ 346,323 Ending balance $ 509,129 $ 322,084 $ 509,129 $ 322,084 Deferred revenue from contracts with customers: Beginning balance $ 57,073 $ 45,261 $ 39,916 $ 28,804 Ending balance $ 55,164 $ 45,509 $ 55,164 $ 45,509
Schedule of Future Minimum Rental Income for Operating Leases	As of June 30, 2019 , future lease payments to be received by the Company are as follows (In thousands) 2019 $ 304,445 2020 68,770 2021 20,869 2022 10,907 2023 2,800 Thereafter 4,756 Total $ 412,547

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease, Cost	The following table provides supplemental cash flow information related to leases: (In thousands) Six Months Ended Cash paid for amounts included in measurement of operating lease liabilities $ 289,146 Lease liabilities arising from obtaining right-of-use assets 1 $ 2,184,176 1 Includes transition liabilities upon adoption of ASC Topic 842, as well as new leases entered into during the six months ended June 30, 2019 . The following table provides the components of lease expense included within the Consolidated Statement of Comprehensive Loss for the three and six months ended June 30, 2019 : (In thousands) Three Months Ended Six Months Ended Operating lease expense $ 131,660 $ 266,756 Variable lease expense 38,957 70,522 The following table provides the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of June 30, 2019 : June 30, Operating lease weighted average remaining lease term (in years) 10.4 Operating lease weighted average discount rate 7.36 %
Lessee, Operating Lease, Liability, Maturity	As of June 30, 2019 , the Company’s future maturities of operating lease liabilities were as follows: (In thousands) 2019 $ 293,490 2020 427,209 2021 363,819 2022 284,964 2023 229,606 Thereafter 1,377,210 Total lease payments $ 2,976,298 Less: Effect of discounting 962,026 Total operating lease liability $ 2,014,272

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 and December 31, 2018 , respectively: (In thousands) June 30, December 31, Land, buildings and improvements $ 148,626 $ 145,403 Structures 2,782,755 2,835,411 Furniture and other equipment 210,217 202,155 Construction in progress 81,848 73,030 3,223,446 3,255,999 Less: accumulated depreciation 2,006,739 1,967,061 Property, plant and equipment, net $ 1,216,707 $ 1,288,938
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 intangible assets as of June 30, 2019 and December 31, 2018 , respectively: (In thousands) June 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Indefinite-lived permits $ 971,163 $ — $ 971,163 $ — Transit, street furniture and other outdoor contractual rights 526,837 (446,800 ) 528,185 (440,228 ) Permanent easements 163,341 — 163,317 — Trademarks 83,569 (1,039 ) 409 (338 ) Other 5,499 (4,089 ) 5,510 (3,993 ) Total intangible assets $ 1,750,409 $ (451,928 ) $ 1,668,584 $ (444,559 )
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) 2020 $ 18,395 2021 18,093 2022 16,293 2023 11,893 2024 11,787
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, 2018 $ 507,819 $ 198,184 $ 706,003 Foreign currency — (941 ) (941 ) Balance as of June 30, 2019 $ 507,819 $ 197,243 $ 705,062

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding as of June 30, 2019 and December 31, 2018 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 (1) — 275,000 7.625% Series B Senior Subordinated Notes Due 2020 (1) — 1,925,000 9.25% Senior Subordinated Notes Due 2024 (1) 2,235,000 — Receivables-based Credit Facility Due 2023 (2) — — Revolving Credit Facility with iHeartCommunications Due 2022 (3) — — Clear Channel International B.V. Senior Notes Due 2020 375,000 375,000 Other debt 4,003 3,882 Original issue discount (999 ) (739 ) Long-term debt fees (41,648 ) (25,808 ) Total debt $ 5,296,356 $ 5,277,335 Less: current portion 260 227 Total long-term debt $ 5,296,096 $ 5,277,108 (1) On February 4, 2019, Clear Channel Worldwide Holdings, Inc., a subsidiary of the Company (“CCWH” or the "Subsidiary Issuer"), delivered a conditional notice of redemption calling all of its outstanding $275.0 million aggregate principal amount of 7.625% Series A Senior Subordinated Notes due 2020 (the “Series A CCWH Subordinated Notes”) and $1,925.0 million aggregate principal amount of 7.625% Series B Senior Subordinated Notes due 2020 (the “Series B CCWH Subordinated Notes”) for redemption on March 6, 2019. The redemption was conditioned on the closing of the offering of $2,235.0 million of new 9.25% Senior Subordinated Notes due 2024 (the “New CCWH Subordinated Notes”). At the closing of such offering on February 12, 2019, CCWH deposited with the trustee for the CCWH Subordinated Notes a portion of the proceeds from the new notes in an amount sufficient to pay and discharge the principal amount outstanding, plus accrued and unpaid interest on the CCWH Subordinated Notes to, but not including, the redemption date. CCWH irrevocably instructed the trustee to apply such funds to the full payment of the CCWH Subordinated Notes on the redemption date. Concurrently therewith, CCWH elected to satisfy and discharge the indentures governing the CCWH Subordinated Notes in accordance with their terms, and the trustee acknowledged such discharge and satisfaction. As a result of the satisfaction and discharge of the indentures, CCWH and the guarantors of the CCWH Subordinated Notes have been released from their remaining obligations under the indentures and the CCWH Subordinated Notes. On July 23, 2019, CCWH issued a conditional notice of redemption to redeem a portion of the New CCWH Subordinated Notes using the proceeds of a public offering of common stock. On July 30, 2019, the conditions to the redemption were satisfied, and the notice of redemption became irrevocable. Pursuant to the notice of redemption, as amended at the closing of the offering, approximately $333.5 million aggregate principal amount of New CCWH Subordinated Notes will be redeemed on August 22, 2019. (2) As of June 30, 2019 , the receivables-based credit facility had $80.7 million of letters of credit outstanding and a borrowing limit of $125.0 million , resulting in $44.3 million of excess availability. Certain additional restrictions, including a springing financial covenant, take effect at decreased levels of excess availability. (3) On May 1, 2019, in accordance with the Separation Agreement, Clear Channel Outdoor, LLC and Clear Channel International, Ltd. entered into a three -year unsecured $200.0 million revolving credit facility with iHeartCommunications (the "iHeartCommunications Line of Credit"). As of June 30, 2019, no amounts were drawn under the iHeartCommunications Line of Credit. On July 30, 2019, in connection with the consummation of a public offering of common stock, we terminated the iHeartCommunications Line of Credit.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 and 2018 consisted of the following components: (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Current tax benefit (expense) $ 27,907 $ 24,837 $ (43,813 ) $ (3,619 ) Deferred tax benefit (expense) 1,186 (29,590 ) 15,143 (46,501 ) Income tax benefit (expense) $ 29,093 $ (4,753 ) $ (28,670 ) $ (50,120 )

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Computation of Earnings Per Share	The following table presents the computation of net loss per share or the three and six months ended June 30, 2019 and 2018 : (In thousands, except per share data) Three Months Ended Six Months Ended 2019 2018 2019 2018 NUMERATOR: Net loss attributable to the Company – common shares $ (10,939 ) $ (50,383 ) $ (175,106 ) $ (178,805 ) DENOMINATOR: Weighted average common shares outstanding - basic 362,409 361,708 362,225 361,612 Weighted average common shares outstanding - diluted (1) 362,409 361,708 362,225 361,612 Net loss attributable to the Company per common share: Basic $ (0.03 ) $ (0.14 ) $ (0.48 ) $ (0.49 ) Diluted $ (0.03 ) $ (0.14 ) $ (0.48 ) $ (0.49 ) (1) Outstanding equity awards of 8.4 million and 6.7 million for the three months ended June 30, 2019 and 2018 , respectively, and 8.3 million and 6.7 million for the six months ended June 30, 2019 and 2018 , respectively, were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.

OTHER INFORMATION OTHER INFORMA

OTHER INFORMATION OTHER INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2019
Other Income and Expenses [Abstract]
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, Cash and cash equivalents $ 372,497 $ 182,456 Restricted cash included in: Other current assets 4,145 4,221 Other assets 13,162 16,192 Total cash, cash equivalents and restricted cash in the Statement of Cash Flows $ 389,804 $ 202,869

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 and 2018 : (In thousands) Americas International Corporate and other reconciling items Consolidated Three Months Ended June 30, 2019 Revenue $ 327,142 $ 370,873 $ — $ 698,015 Direct operating expenses 135,974 227,055 — 363,029 Selling, general and administrative expenses 55,482 79,239 — 134,721 Corporate expenses — — 38,907 38,907 Depreciation and amortization 44,558 33,812 1,804 80,174 Other operating income, net — — 1,270 1,270 Operating income (loss) $ 91,128 $ 30,767 $ (39,441 ) $ 82,454 Segment assets $ 3,664,135 $ 2,446,789 $ 317,033 $ 6,427,957 Capital expenditures $ 15,930 $ 28,665 $ 6,513 $ 51,108 Share-based compensation expense $ — $ — $ 8,561 $ 8,561 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 Segment assets $ 2,798,237 $ 1,527,312 $ 195,503 $ 4,521,052 Capital expenditures $ 11,481 $ 20,294 $ 868 $ 32,643 Share-based compensation expense $ — $ — $ 1,519 $ 1,519 (In thousands) Americas International Corporate and other reconciling items Consolidated Six Months Ended June 30, 2019 Revenue $ 599,864 $ 685,267 $ — $ 1,285,131 Direct operating expenses 266,493 444,363 — 710,856 Selling, general and administrative expenses 107,118 150,569 — 257,687 Corporate expenses — — 67,521 67,521 Depreciation and amortization 84,054 68,393 2,803 155,250 Other operating loss, net — — (2,252 ) (2,252 ) Operating income (loss) $ 142,199 $ 21,942 $ (72,576 ) $ 91,565 Segment assets $ 3,664,135 $ 2,446,789 $ 317,033 $ 6,427,957 Capital expenditures $ 27,338 $ 43,484 $ 8,459 $ 79,281 Share-based compensation expense $ — $ — $ 10,395 $ 10,395 Six Months Ended June 30, 2018 Revenue $ 555,769 $ 754,609 $ — $ 1,310,378 Direct operating expenses 255,186 479,039 — 734,225 Selling, general and administrative expenses 96,774 155,923 — 252,697 Corporate expenses — — 73,363 73,363 Depreciation and amortization 87,627 77,248 1,952 166,827 Other operating income, net — — 875 875 Operating income (loss) $ 116,182 $ 42,399 $ (74,440 ) $ 84,141 Segment assets $ 2,798,237 $ 1,527,312 $ 195,503 $ 4,521,052 Capital expenditures $ 24,388 $ 35,566 $ 1,361 $ 61,315 Share-based compensation expense $ — $ — $ 3,625 $ 3,625

GUARANTOR SUBSIDIARIES (Tables)

GUARANTOR SUBSIDIARIES (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 206,325 $ — $ 20,058 $ 146,114 $ — $ 372,497 Accounts receivable, net of allowance — — 225,646 430,792 — 656,438 Intercompany receivables — 775,267 2,756,261 45,786 (3,577,314 ) — Prepaid expenses 1,550 — 21,257 43,281 — 66,088 Other current assets — — 2,620 31,089 — 33,709 Total Current Assets 207,875 775,267 3,025,842 697,062 (3,577,314 ) 1,128,732 Structures, net — — 552,042 418,607 — 970,649 Other property, plant and equipment, net — — 126,964 119,094 — 246,058 Indefinite-lived permits — — 971,163 — — 971,163 Other intangibles, net — — 311,513 15,805 — 327,318 Goodwill — — 507,820 197,242 — 705,062 Operating lease right-of-use assets — — 999,646 980,161 — 1,979,807 Intercompany notes receivable 182,026 5,184,629 4,935 16,273 (5,387,863 ) — Other assets 117,156 (3,949 ) 1,219,699 72,579 (1,306,317 ) 99,168 Total Assets $ 507,057 $ 5,955,947 $ 7,719,624 $ 2,516,823 $ (10,271,494 ) $ 6,427,957 Accounts payable $ — $ — $ 37,207 $ 72,438 $ — $ 109,645 Intercompany payable 2,756,261 — 821,053 — (3,577,314 ) — Accrued expenses 8,366 (1,156 ) 97,896 357,136 — 462,242 Current operating lease liabilities — — 99,635 294,447 — 394,082 Deferred revenue — — 44,422 51,561 — 95,983 Accrued Interest — 55,251 572 1,171 — 56,994 Current portion of long-term debt — — 249 11 — 260 Total Current Liabilities 2,764,627 54,095 1,101,034 776,764 (3,577,314 ) 1,119,206 Long-term debt — 4,920,391 3,718 371,987 — 5,296,096 Mandatorily redeemable preferred stock 44,884 — — — — 44,884 Non-current operating lease liabilities — — 906,024 714,166 — 1,620,190 Intercompany notes payable — 16,273 5,107,418 264,172 (5,387,863 ) — Deferred income taxes (29,866 ) 853 483,829 (66,692 ) — 388,124 Other long-term liabilities 277 — 73,313 100,792 — 174,382 Total stockholders' equity (deficit) (2,272,865 ) 964,335 44,288 355,634 (1,306,317 ) (2,214,925 ) Total Liabilities and Stockholders' Equity (Deficit) $ 507,057 $ 5,955,947 $ 7,719,624 $ 2,516,823 $ (10,271,494 ) $ 6,427,957 (In thousands) December 31, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash and cash equivalents $ 1,560 $ — $ 18,464 $ 162,432 $ — $ 182,456 Accounts receivable, net of allowance — — 226,230 480,079 — 706,309 Intercompany receivables — 773,844 2,807,601 66,551 (3,647,996 ) — Prepaid expenses 329 1,211 52,052 42,142 — 95,734 Other current assets — — 2,857 28,444 — 31,301 Total Current Assets 1,889 775,055 3,107,204 779,648 (3,647,996 ) 1,015,800 Structures, net — — 594,456 458,560 — 1,053,016 Other property, plant and equipment, net — — 127,449 108,473 — 235,922 Indefinite-lived permits — — 971,163 — — 971,163 Other intangibles, net — — 235,326 17,536 — 252,862 Goodwill — — 507,820 198,183 — 706,003 Due from iHeartCommunications, net 154,758 — — — — 154,758 Intercompany notes receivable 182,026 5,116,629 4,895 16,272 (5,319,822 ) — Other assets 252,239 44,792 1,291,278 80,466 (1,536,271 ) 132,504 Total Assets $ 590,912 $ 5,936,476 $ 6,839,591 $ 1,659,138 $ (10,504,089 ) $ 4,522,028 Accounts payable $ — $ — $ 30,206 $ 83,508 $ — $ 113,714 Intercompany payable 2,807,601 — 840,395 — (3,647,996 ) — Accrued expenses 33,632 595 68,322 425,933 — 528,482 Deferred revenue — — 45,914 39,138 — 85,052 Accrued interest — 1,004 162 1,175 — 2,341 Current portion of long-term debt — — 227 — — 227 Total Current Liabilities 2,841,233 1,599 985,226 549,754 (3,647,996 ) 729,816 Long-term debt — 4,902,447 3,654 371,007 — 5,277,108 Intercompany notes payable — 16,273 5,039,418 264,131 (5,319,822 ) — Deferred income taxes (46,739 ) 853 428,319 (47,418 ) — 335,015 Due to iHeartCommunications 21,591 — — — — 21,591 Other long-term liabilities 542 — 139,647 119,961 — 260,150 Total stockholders' equity (deficit) (2,225,715 ) 1,015,304 243,327 401,703 (1,536,271 ) (2,101,652 ) Total Liabilities and Stockholders' Equity (Deficit) $ 590,912 $ 5,936,476 $ 6,839,591 $ 1,659,138 $ (10,504,089 ) $ 4,522,028
Schedule Of Guarantor Obligations, Income Statement	(In thousands) Three Months Ended June 30, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 324,824 $ 373,191 $ — $ 698,015 Operating expenses: Direct operating expenses — — 134,467 228,562 — 363,029 Selling, general and administrative expenses — — 55,226 79,495 — 134,721 Corporate expenses 1,359 — 23,156 14,392 — 38,907 Depreciation and amortization — — 46,106 34,068 — 80,174 Other operating income (expense), net (109 ) — 1,127 252 — 1,270 Operating income (loss) (1,468 ) — 66,996 16,926 — 82,454 Interest expense, net 930 98,070 289 8,682 — 107,971 Intercompany interest income 4,940 101,059 6,239 — (112,238 ) — Intercompany interest expense 523 253 105,999 5,463 (112,238 ) — Equity in earnings (loss) of nonconsolidated affiliates 6,590 (5,006 ) 454 — (2,038 ) — Loss on Due from iHeartCommunications (5,778 ) (5,778 ) Other income (expense), net — — (10,785 ) 1,582 — (9,203 ) Income (loss) before income taxes 2,831 (2,270 ) (43,384 ) 4,363 (2,038 ) (40,498 ) Income tax benefit (expense) (13,770 ) 1,156 49,974 (8,267 ) — 29,093 Consolidated net income (loss) (10,939 ) (1,114 ) 6,590 (3,904 ) (2,038 ) (11,405 ) Less amount attributable to noncontrolling interest — — — (466 ) — (466 ) Net income (loss) attributable to the Company $ (10,939 ) $ (1,114 ) $ 6,590 $ (3,438 ) $ (2,038 ) $ (10,939 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 120 52 — 172 Other adjustments to comprehensive income (loss) — — — 2,592 — 2,592 Equity in subsidiary comprehensive loss 5,785 4,729 5,665 — (16,179 ) — Other comprehensive income (loss) 5,785 4,729 5,785 2,644 (16,179 ) 2,764 Comprehensive income (loss) (5,154 ) 3,615 12,375 (794 ) (18,217 ) (8,175 ) Less amount attributable to noncontrolling interest — — — (3,021 ) — (3,021 ) Comprehensive income (loss) attributable to the Company $ (5,154 ) $ 3,615 $ 12,375 $ 2,227 $ (18,217 ) $ (5,154 ) (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 expense, net (218 ) 88,143 430 8,422 — 96,777 Intercompany interest income 4,240 90,246 5,490 — (99,976 ) — Intercompany interest expense 210 242 94,486 5,038 (99,976 ) — Equity in earnings (loss) of nonconsolidated affiliates (45,932 ) (27,348 ) (28,856 ) — 102,136 — Other income (expense), net (416 ) — 465 (35,451 ) — (35,402 ) Loss before income taxes (41,288 ) (25,487 ) (67,100 ) (6,451 ) 102,136 (38,190 ) Income tax benefit (expense) (9,095 ) (2,666 ) 21,168 (14,160 ) — (4,753 ) Consolidated net income (loss) (50,383 ) (28,153 ) (45,932 ) (20,611 ) 102,136 (42,943 ) Less amount attributable to noncontrolling interest — — — 7,440 — 7,440 Net loss attributable to the Company $ (50,383 ) $ (28,153 ) $ (45,932 ) $ (28,051 ) $ 102,136 $ (50,383 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (1,296 ) (17,324 ) — (18,620 ) Equity in subsidiary comprehensive loss (10,701 ) (2,556 ) (9,405 ) — 22,662 — Other comprehensive income (loss) (10,701 ) (2,556 ) (10,701 ) (17,324 ) 22,662 (18,620 ) Comprehensive loss (61,084 ) (30,709 ) (56,633 ) (45,375 ) 124,798 (69,003 ) Less amount attributable to noncontrolling interest — — — (7,919 ) — (7,919 ) Comprehensive loss attributable to the Company $ (61,084 ) $ (30,709 ) $ (56,633 ) $ (37,456 ) $ 124,798 $ (61,084 ) (In thousands) Six Months Ended June 30, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 595,276 $ 689,855 $ — $ 1,285,131 Operating expenses: Direct operating expenses — — 263,521 447,335 — 710,856 Selling, general and administrative expenses — — 106,605 151,082 — 257,687 Corporate expenses 2,468 — 40,041 25,012 — 67,521 Depreciation and amortization — — 86,318 68,932 — 155,250 Other operating income (expense), net (222 ) — 703 (2,733 ) — (2,252 ) Operating income (loss) (2,690 ) — 99,494 (5,239 ) — 91,565 Interest expense, net 1,735 202,635 875 17,589 — 222,834 Intercompany interest income 10,404 206,049 12,710 — (229,163 ) — Intercompany interest expense 1,334 503 216,453 10,873 (229,163 ) — Loss on extinguishment of debt — (5,474 ) — — — (5,474 ) Equity in loss of nonconsolidated affiliates (137,852 ) (36,416 ) (37,363 ) — 211,631 — Loss on Due from iHeartCommunications (5,778 ) — — — — (5,778 ) Other income (expense), net — — (13,407 ) 3,639 — (9,768 ) Loss before income taxes (138,985 ) (38,979 ) (155,894 ) (30,062 ) 211,631 (152,289 ) Income tax benefit (expense) (36,121 ) 335 18,042 (10,926 ) — (28,670 ) Consolidated net loss (175,106 ) (38,644 ) (137,852 ) (40,988 ) 211,631 (180,959 ) Less amount attributable to noncontrolling interest — — — (5,853 ) — (5,853 ) Net loss attributable to the Company $ (175,106 ) $ (38,644 ) $ (137,852 ) $ (35,135 ) $ 211,631 $ (175,106 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — 15,498 (12,777 ) — 2,721 Other adjustments to comprehensive income — — — 2,592 — 2,592 Equity in subsidiary comprehensive income 4,750 (12,325 ) (10,748 ) — 18,323 — Other comprehensive income (loss) 4,750 (12,325 ) 4,750 (10,185 ) 18,323 5,313 Comprehensive loss (170,356 ) (50,969 ) (133,102 ) (45,320 ) 229,954 (169,793 ) Less amount attributable to noncontrolling interest — — — 563 — 563 Comprehensive loss attributable to the Company $ (170,356 ) $ (50,969 ) $ (133,102 ) $ (45,883 ) $ 229,954 $ (170,356 ) (In thousands) Six Months Ended June 30, 2018 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Revenue $ — $ — $ 551,529 $ 758,849 $ — $ 1,310,378 Operating expenses: Direct operating expenses — — 252,225 482,000 — 734,225 Selling, general and administrative expenses — — 96,276 156,421 — 252,697 Corporate expenses 2,256 — 51,744 19,363 — 73,363 Depreciation and amortization — — 89,059 77,768 — 166,827 Other operating income (expense), net (95 ) — 337 633 — 875 Operating income (loss) (2,351 ) — 62,562 23,930 — 84,141 Interest (income) expense , net (220 ) 176,312 818 17,131 — 194,041 Intercompany interest income 8,386 180,474 10,787 — (199,647 ) — Intercompany interest expense 210 459 188,860 10,118 (199,647 ) — Equity in earnings (loss) of nonconsolidated affiliates (162,356 ) (33,857 ) (35,450 ) — 231,663 — Other income (expense), net — — 2,421 (18,182 ) — (15,761 ) Loss before income taxes (156,311 ) (30,154 ) (149,358 ) (21,501 ) 231,663 (125,661 ) Income tax expense (22,494 ) (5,328 ) (12,998 ) (9,300 ) — (50,120 ) Consolidated net loss (178,805 ) (35,482 ) (162,356 ) (30,801 ) 231,663 (175,781 ) Less amount attributable to noncontrolling interest — — — 3,024 — 3,024 Net loss attributable to the Company $ (178,805 ) $ (35,482 ) $ (162,356 ) $ (33,825 ) $ 231,663 $ (178,805 ) Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — — (1,226 ) (10,612 ) — (11,838 ) Equity in subsidiary comprehensive loss (9,155 ) (3,298 ) (7,929 ) — 20,382 — Other comprehensive income (loss) (9,155 ) (3,298 ) (9,155 ) (10,612 ) 20,382 (11,838 ) Comprehensive loss (187,960 ) (38,780 ) (171,511 ) (44,437 ) 252,045 (190,643 ) Less amount attributable to noncontrolling interest — — — (2,683 ) — (2,683 ) Comprehensive loss attributable to the Company $ (187,960 ) $ (38,780 ) $ (171,511 ) $ (41,754 ) $ 252,045 $ (187,960 )
Schedule Of Guarantor Obligations, Cash Flow	(In thousands) Six Months Ended June 30, 2019 Parent Subsidiary Guarantor Non-Guarantor Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated Cash flows from operating activities: Consolidated net loss $ (175,106 ) $ (38,644 ) $ (137,852 ) $ (40,988 ) $ 211,631 $ (180,959 ) Reconciling items: Depreciation and amortization — — 86,318 68,932 — 155,250 Deferred taxes 16,873 — (10,427 ) (21,589 ) — (15,143 ) Provision for doubtful accounts — — 2,187 2,230 — 4,417 Amortization of deferred financing charges and note discounts, net 9 4,265 — 956 — 5,230 Share-based compensation — — 9,609 786 — 10,395 (Gain) loss on disposal of operating assets, net — — (702 ) 2,792 — 2,090 Equity in loss of nonconsolidated affiliates 137,852 36,416 37,363 — (211,631 ) — Loss on Due from iHeartCommunications 5,778 — — — — 5,778 Loss on extinguishment of debt — 5,474 — — — 5,474 Foreign exchange transaction (gain) loss — — (30 ) 3,655 — 3,625 Other reconciling items, net — — (1,371 ) (1,416 ) — (2,787 ) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: (Increase) decrease in accounts receivable — — (1,602 ) 46,425 — 44,823 (Increase) decrease in prepaid expenses and other current assets (1,221 ) 1,211 (16,901 ) (18,035 ) — (34,946 ) Increase (decrease) in accrued expenses (24,830 ) (1,751 ) 34,490 (33,099 ) — (25,190 ) Increase (decrease) in accounts payable — — 7,002 (10,366 ) — (3,364 ) Increase (decrease) in accrued interest — 54,248 1,486 (102 ) — 55,632 Increase (decrease) in deferred revenue — — (2,133 ) 12,672 — 10,539 Changes in other operating assets and liabilities 1,981 — 5,807 6,483 — 14,271 Net cash provided by (used for) operating activities $ (38,664 ) $ 61,219 $ 13,244 $ 19,336 $ — $ 55,135 Cash flows from investing activities: Purchases of property, plant and equipment — — (35,789 ) (43,492 ) — (79,281 ) Proceeds from disposal of assets — — 2,326 192 — 2,518 Increase in intercompany notes receivable, net — (68,000 ) — — 68,000 — Change in other, net — — — 76 — 76 Net cash used for investing activities $ — $ (68,000 ) $ (33,463 ) $ (43,224 ) $ 68,000 $ (76,687 ) Cash flows from financing activities: Proceeds from long-term debt — 2,235,000 197 — — 2,235,197 Proceeds from issuance of mandatorily redeemable preferred stock 43,798 — — — — 43,798 Payments on long-term debt — (2,200,000 ) (111 ) (2 ) — (2,200,113 ) Net transfers from iHeartCommunications 43,399 — — — — 43,399 Proceeds from settlement of Due from iHeartCommunications 115,798 — — — — 115,798 Dividends and other payments to noncontrolling interests — — — (127 ) — (127 ) Dividends paid (701 ) — — — — (701 ) Increase in intercompany notes payable, net — — 68,000 — (68,000 ) — Intercompany funding 43,263 (1,424 ) (46,273 ) 4,434 — — Debt issuance costs — (26,795 ) — — — (26,795 ) Change in other, net (2,128 ) — — — — (2,128 ) Net cash provided by financing activities 243,429 6,781 21,813 4,305 (68,000 ) 208,328 Effect of exchange rate changes on cash, cash equivalents and restricted cash — — — 159 — 159 Net increase (decrease) in cash, cash equivalents and restricted cash 204,765 — 1,594 (19,424 ) — 186,935 Cash, cash equivalents and restricted cash at beginning of year 1,560 — 18,464 182,845 — 202,869 Cash, cash equivalents and restricted cash at end of year $ 206,325 $ — $ 20,058 $ 163,421 $ — $ 389,804 (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 and other assets — — (336 ) (779 ) — (1,115 ) Equity in (earnings) loss of nonconsolidated affiliates 162,356 33,857 35,450 — (231,663 ) — Foreign exchange transaction (gain) loss — — (49 ) 14,584 — 14,535 Other reconciling items, net — — (331 ) (767 ) — (1,098 ) 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 prepaid expenses 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 revenue — — 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 Increase in intercompany notes receivable, net — (8,829 ) — — 8,829 — Dividends from subsidiaries — — 1,111 — (1,111 ) — Change in other, net — — (3 ) 15 — 12 Net cash provided by (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 from 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 — — Debt issuance costs — (1,298 ) — — (1,298 ) Change in other, net (702 ) — — — — (702 ) 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, cash equivalents and restricted cash — — — (4,319 ) — (4,319 ) Net increase (decrease) in cash, cash equivalents and restricted cash (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 period $ 27,559 $ — $ 16,932 $ 174,705 $ — $ 219,196

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) $ in Millions	Jan. 01, 2019USD ($)
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to equity	$ 14.6

REVENUE - Revenue by Segment an

REVENUE - Revenue by Segment and Geographical Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	$ 512,029	$ 358,671	$ 912,437	$ 657,819
Revenue from leases	185,986	353,309	372,694	652,559
Revenue, total	698,015	711,980	1,285,131	1,310,378
United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	181,500	115,488	312,931	211,635
Other Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	18,437	13,993	32,978	26,766
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	252,106	226,577	453,311	413,793
Asia-Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	59,986	2,613	113,217	5,625
Operating segments | Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	182,526	116,122	314,853	212,919
Revenue from leases	144,616	183,800	285,011	342,850
Revenue, total	327,142	299,922	599,864	555,769
Operating segments | Americas | United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	181,500	115,488	312,931	211,635
Operating segments | Americas | Other Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	1,026	634	1,922	1,284
Operating segments | Americas | Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	0	0	0
Operating segments | Americas | Asia-Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	0	0	0
Operating segments | International
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	329,503	242,549	597,584	444,900
Revenue from leases	41,370	169,509	87,683	309,709
Revenue, total	370,873	412,058	685,267	754,609
Operating segments | International | United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	0	0	0	0
Operating segments | International | Other Americas
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	17,411	13,359	31,056	25,482
Operating segments | International | Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	252,106	226,577	453,311	413,793
Operating segments | International | Asia-Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue from contracts with customers	$ 59,986	$ 2,613	$ 113,217	$ 5,625

REVENUE - Schedule of Contract

REVENUE - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018
Accounts receivable, net of allowance, from contracts with customers:
Beginning balance	$ 418,916	$ 367,918	$ 322,084	$ 305,030	$ 346,323
Ending balance	509,129	418,916	367,918	322,084	305,030
Deferred revenue from contracts with customers:
Beginning balance	57,073	39,916	45,509	45,261	28,804
Ending balance	$ 55,164	$ 57,073	$ 39,916	$ 45,509	$ 45,261

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities, revenue recognized	$ 38.2	$ 30.3	$ 32.3	$ 24.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 132.4		$ 132.4
Revenue, remaining performance obligation, period	5 years		5 years

REVENUE - Revenue From Leases (

REVENUE - Revenue From Leases (Details) $ in Thousands	Jun. 30, 2019USD ($)
Revenue from Contract with Customer [Abstract]
2019	$ 304,445
2020	68,770
2021	20,869
2022	10,907
2023	2,800
Thereafter	4,756
Total lease payments	$ 412,547

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 131,660	$ 266,756
Variable lease cost	$ 38,957	$ 70,522

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details)	Jun. 30, 2019
Leases [Abstract]
Operating lease weighted average remaining lease term	10 years 4 months 28 days
Operating lease weighted average discount rate	7.36%

LEASES - Schedule of Future Min

LEASES - Schedule of Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019	$ 293,490
2020	427,209
2021	363,819
2022	284,964
2023	229,606
Thereafter	1,377,210
Total lease payments	2,976,298
Less: effect of discounting	962,026
Total minimum future rentals	$ 2,014,272

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 289,146
Lease liabilities arising from obtaining right-of-use assets	$ 2,184,176

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,223,446	$ 3,255,999
Less: accumulated depreciation	2,006,739	1,967,061
Property, plant and equipment, net	1,216,707	1,288,938
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	148,626	145,403
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,782,755	2,835,411
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	210,217	202,155
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 81,848	$ 73,030

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Details) - USD ($) $ in Thousands	May 01, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Indefinite-lived Intangible Assets [Line Items]
Gross carrying amount of trademarks		$ 1,750,409		$ 1,750,409		$ 1,668,584
Indefinite-lived intangible assets in International outdoor segment		971,163		971,163		971,163
Amortization expense related to definite-lived intangible assets		4,700	$ 5,200	8,800	$ 10,300
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Gross carrying amount of trademarks	$ 83,200	$ 83,569		$ 83,569		$ 409
Useful life of intangibles (in years)	10 years

PROPERTY, PLANT AND EQUIPMENT_5

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, 2019	May 01, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived permits	$ 971,163		$ 971,163
Gross Carrying Amount	1,750,409		1,668,584
Accumulated Amortization	(451,928)		(444,559)
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	526,837		528,185
Accumulated Amortization	(446,800)		(440,228)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	163,341		163,317
Accumulated Amortization	0		0
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	83,569	$ 83,200	409
Accumulated Amortization	(1,039)		(338)
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,499		5,510
Accumulated Amortization	$ (4,089)		$ (3,993)

PROPERTY, PLANT AND EQUIPMENT_6

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2019USD ($)
Property, Plant and Equipment [Abstract]
2020	$ 18,395
2021	18,093
2022	16,293
2023	11,893
2024	$ 11,787

PROPERTY, PLANT AND EQUIPMENT_7

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill
Beginning balance	$ 706,003
Foreign currency	(941)
Ending balance	705,062
Americas
Goodwill
Beginning balance	507,819
Foreign currency	0
Ending balance	507,819
International
Goodwill
Beginning balance	198,184
Foreign currency	(941)
Ending balance	$ 197,243

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt Outstanding (Details) - USD ($)	Jul. 30, 2019	Jun. 30, 2019	May 01, 2019	Feb. 12, 2019	Feb. 04, 2019	Dec. 31, 2018	Jun. 29, 2018
Debt Instrument [Line Items]
Total debt		$ 5,296,356,000				$ 5,277,335,000
Original issue discount		(999,000)				(739,000)
Long-term debt fees		(41,648,000)				(25,808,000)
Less: current portion		260,000				227,000
Total long-term debt		5,296,096,000				5,277,108,000
Letters of credit outstanding		80,700,000
Receivables Based Credit Facility Due 2023
Debt Instrument [Line Items]
Total debt		0				0
Revolving Loan With iHeartCommunications Due 2022
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
Other debt
Debt Instrument [Line Items]
Total debt		4,003,000				3,882,000
CCO Receivables Based Credit Facility Due 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Letters of credit outstanding		80,700,000
Maximum borrowing capacity		125,000,000
Amount available under receivables based credit facility		44,300,000
Subisidary 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%
Subisidary 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%
Subisidary Senior Notes | 7.625% Series A Subordinated Notes Due 2020
Debt Instrument [Line Items]
Total debt		$ 0				275,000,000
Stated interest rate		7.625%
Subisidary Senior Notes | 7.625% Series B Subordinated Notes Due 2020
Debt Instrument [Line Items]
Total debt		$ 0				1,925,000,000
Stated interest rate		7.625%
Subisidary Senior Notes | New CCWH Subordinated Notes
Debt Instrument [Line Items]
Total debt		$ 2,235,000,000				$ 0
Stated interest rate		9.25%
Subsidiary | Clear Channel Worldwide Holdings Senior Notes | 6.5% Series B Senior Notes Due 2022
Debt Instrument [Line Items]
Stated interest rate		6.50%
Subsidiary | Clear Channel Worldwide Holdings Senior Notes | 7.625% Series A Subordinated Notes Due 2020
Debt Instrument [Line Items]
Total debt					$ 275,000,000
Stated interest rate					7.625%
Subsidiary | Clear Channel Worldwide Holdings Senior Notes | 7.625% Series B Subordinated Notes Due 2020
Debt Instrument [Line Items]
Total debt					$ 1,925,000,000
Stated interest rate					7.625%
Subsidiary | Clear Channel Worldwide Holdings Senior Notes | New CCWH Subordinated Notes
Debt Instrument [Line Items]
Total debt				$ 2,235,000,000	$ 2,235,000,000
Stated interest rate					9.25%
Subsidiary | Line of Credit | CCO Receivables Based Credit Facility Due 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Letters of credit outstanding		$ 80,700,000
Maximum borrowing capacity							$ 125,000,000
Amount available under receivables based credit facility		$ 44,300,000
iHeartCommunications, Inc. | Revolving Credit Facility
Debt Instrument [Line Items]
Total debt			$ 200,000,000
Long-term Debt, Term			3 years
Subsequent Event | Subsidiary | Clear Channel Worldwide Holdings Senior Notes | New CCWH Subordinated Notes
Debt Instrument [Line Items]
Long-term debt, amount to be redeemed	$ 333,500,000

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($) $ in Thousands	Feb. 12, 2019	Jun. 30, 2019	Feb. 04, 2019	Dec. 31, 2018
Guarantor Obligations [Line Items]
Long-term debt		$ 5,296,356		$ 5,277,335
Level 1
Guarantor Obligations [Line Items]
Aggregate market value of debt		$ 5,600,000		$ 5,200,000
Subsidiary | New CCWH Subordinated Notes | New CCWH Subordinated Notes
Guarantor Obligations [Line Items]
Long-term debt	$ 2,235,000		$ 2,235,000
Stated interest rate			9.25%
Debt covenant, redemption percentage of principle amount	100.00%
Debt instrument, redemption percentage allowed	40.00%
Subsidiary | 6.5% Series B Senior Notes Due 2022 | New CCWH Subordinated Notes
Guarantor Obligations [Line Items]
Stated interest rate		6.50%
Subsidiary | Redemption option one | New CCWH Subordinated Notes | New CCWH Subordinated Notes
Guarantor Obligations [Line Items]
Debt covenant, redemption percentage of principle amount	109.25%
Debt instrument, redemption percentage allowed	40.00%
Subsidiary | Redemption option two | New CCWH Subordinated Notes | New CCWH Subordinated Notes
Guarantor Obligations [Line Items]
Debt covenant, redemption percentage of principle amount	103.00%
Debt instrument, redemption percentage allowed	20.00%

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees - Narrative (Details) $ in Millions	Jun. 30, 2019USD ($)
Guarantor Obligations [Line Items]
Letters of credit outstanding	$ 80.7
Surety bonds
Guarantor Obligations [Line Items]
Guarantee obligations	68.2
Bank guarantees
Guarantor Obligations [Line Items]
Guarantee obligations	35.1
Bank guarantees backed by cash collateral
Guarantor Obligations [Line Items]
Guarantee obligations	15.7
iHeartCommunications, Inc. | Commercial standby letters of credit
Guarantor Obligations [Line Items]
Guarantee obligations	$ 1.6

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 16, 2018	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Examination [Line Items]
Decrease in other long term liabilities from misstatement		$ (174,382)	$ (260,150)
Ministry of Economic Affairs and Finance, Italy
Income Tax Examination [Line Items]
Estimated loss from Italy investigation		$ 17,000
Payment of income tax penalties and interest			$ 6,900
Chapter 11 Cases | CCOH Separation Settlement
Income Tax Examination [Line Items]
Loss contingency, loss in period	$ 149,000
Unsecured Revolving Line of Credit Issued To Debtors | CCOH Separation Settlement
Income Tax Examination [Line Items]
Loss contingency, loss in period	$ 200,000
VAT Obligation
Income Tax Examination [Line Items]
Decrease in other long term liabilities from misstatement				$ 16,900

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	May 02, 2019	May 01, 2019	Mar. 27, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Mar. 30, 2019
Related Party Transaction [Line Items]
Amount of intercompany note waived									$ 21,600,000
Royalties and license fees owed to related party									31,800,000
Notes payable, related party									10,200,000
Notes receivable, related party				$ 149,000,000			$ 149,000,000
Additional intercompany liability							52,100,000
Repayments of related party debt		$ 107,000,000
Proceeds from settlement of Due from iHeartCommunications	$ 8,800,000						115,798,000	$ 0
Loss on intercompany note							5,778,000	0
Asset recorded in Due from iHeartCommunications				0	$ 1,031,700,000		$ 0	1,031,700,000	$ 154,758,000	$ 154,800,000	$ 1,031,700,000
Due from related party, recoverable amount, percentage							14.44%
Due from related party, recoverable amount							$ 149,000,000
Net interest income				0	0		0	0
Component of corporate expenses				38,907,000	37,928,000		67,521,000	73,363,000
Component of selling, general and administrative expenses				134,721,000	125,289,000		257,687,000	252,697,000
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
Net interest income					0		0	0
iHeartCommunications | Corporate Services Agreement
Related Party Transaction [Line Items]
Component of corporate expenses				4,600,000	16,900,000		12,000,000	34,100,000
iHeartCommunications | Employee Matters Agreement
Related Party Transaction [Line Items]
Component of selling, general and administrative expenses					2,300,000			4,600,000
iHeartMedia, Inc.
Related Party Transaction [Line Items]
Revenue for advertisements				$ 1,300,000	$ 2,900,000		$ 2,300,000	$ 4,400,000
New CCOH Common Stock
Related Party Transaction [Line Items]
Number of new converted shares (in shares)			325,726,917

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Current tax benefit (expense)	$ 27,907	$ 24,837	$ (43,813)	$ (3,619)
Deferred tax benefit (expense)	1,186	(29,590)	15,143	(46,501)
Income tax benefit (expense)	$ 29,093	$ (4,753)	$ (28,670)	$ (50,120)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	71.80%	(12.40%)	(18.80%)	(39.90%)
Reorganization adjustments, tax	$ 65.9		$ 65.9

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) - Narrative (Details) - USD ($) $ in Thousands	Jul. 30, 2019	Mar. 27, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Class of Stock [Line Items]
Share-based compensation expense			$ 8,561	$ 1,519	$ 10,395	$ 3,625
Unrecognized compensation cost			$ 13,200		$ 13,200
Weighted average period of recognition					2 years 9 months 18 days
Subsequent Event
Class of Stock [Line Items]
Proceeds from public stock offering	$ 333,500
Common Stock | Subsequent Event
Class of Stock [Line Items]
Shares issued in public offering (in shares)	100,000,000
New CCWH Subordinated Notes | Subsidiary | New CCWH Subordinated Notes | Subsequent Event
Class of Stock [Line Items]
Long-term debt, amount to be redeemed	$ 333,500
New CCOH Common Stock
Class of Stock [Line Items]
Number of new converted shares (in shares)		325,726,917

STOCKHOLDERS' EQUITY (DEFICIT_3

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
NUMERATOR:
Net loss attributable to the Company – common shares	$ (10,939)	$ (50,383)	$ (175,106)	$ (178,805)
DENOMINATOR:
Weighted average common shares outstanding - basic (in shares)	362,409	361,708	362,225	361,612
Weighted average common shares outstanding - diluted (in shares)	362,409	361,708	362,225	361,612
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (0.03)	$ (0.14)	$ (0.48)	$ (0.49)
Diluted (in dollars per share)	$ (0.03)	$ (0.14)	$ (0.48)	$ (0.49)
Outstanding equity awards not included in computation of diluted earnings per share (in shares)	8,400	6,700	8,300	6,700

- Narrative (Details)

- Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	May 01, 2019
Class of Stock [Line Items]
Change in deferred income tax liabilities	$ 600,000	$ 0	$ 600,000	$ 0
Mandatorily redeemable preferred stock	44,884,000		44,884,000
Cumulative amount of additional debt obligations	300,000,000		300,000,000
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock issued (in shares)					45,000
Preferred stock par value (in dollars per share)					$ 0.01
Aggregate initial liquidation preference	$ 46,100,000		$ 46,100,000		$ 45,000,000
Mandatorily redeemable preferred stock					$ 45,000,000
Preferred stock, basis spread on variable rate			2.00%
Preferred equity commitment, covenant, dividend margin	1.50%		1.50%

OTHER INFORMATION - Schedule of

OTHER INFORMATION - Schedule of Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Other Income and Expenses [Abstract]
Cash and cash equivalents	$ 372,497	$ 182,456
Restricted cash included in:
Other current assets	4,145	4,221
Other assets	13,162	16,192
Total cash, cash equivalents and restricted cash in the Statement of Cash Flows	$ 389,804	$ 202,869	$ 219,196	$ 188,310

SEGMENT DATA (Details)

SEGMENT DATA (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Revenue	$ 698,015	$ 711,980	$ 1,285,131	$ 1,310,378
Direct operating expenses	363,029	372,936	710,856	734,225
Selling, general and administrative expenses	134,721	125,289	257,687	252,697
Corporate expenses	38,907	37,928	67,521	73,363
Depreciation and amortization	80,174	82,767	155,250	166,827
Other operating income, net	1,270	929	(2,252)	875
Operating income	82,454	93,989	91,565	84,141
Segment assets	6,427,957	4,521,052	6,427,957	4,521,052	$ 4,522,028
Capital expenditures	51,108	32,643	79,281	61,315
Share-based compensation expense	8,561	1,519	10,395	3,625
Operating segments | Americas
Segment Reporting Information [Line Items]
Revenue	327,142	299,922	599,864	555,769
Direct operating expenses	135,974	130,313	266,493	255,186
Selling, general and administrative expenses	55,482	47,824	107,118	96,774
Corporate expenses	0	0	0	0
Depreciation and amortization	44,558	43,123	84,054	87,627
Other operating income, net	0	0	0	0
Operating income	91,128	78,662	142,199	116,182
Segment assets	3,664,135	2,798,237	3,664,135	2,798,237
Capital expenditures	15,930	11,481	27,338	24,388
Share-based compensation expense	0	0	0	0
Operating segments | International
Segment Reporting Information [Line Items]
Revenue	370,873	412,058	685,267	754,609
Direct operating expenses	227,055	242,623	444,363	479,039
Selling, general and administrative expenses	79,239	77,465	150,569	155,923
Corporate expenses	0	0	0	0
Depreciation and amortization	33,812	38,683	68,393	77,248
Other operating income, net	0	0	0	0
Operating income	30,767	53,287	21,942	42,399
Segment assets	2,446,789		2,446,789		1,527,312
Capital expenditures	28,665	20,294	43,484	35,566
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	38,907	37,928	67,521	73,363
Depreciation and amortization	1,804	961	2,803	1,952
Other operating income, net	1,270	929	(2,252)	875
Operating income	(39,441)	(37,960)	(72,576)	(74,440)
Segment assets	317,033		317,033		$ 195,503
Capital expenditures	6,513	868	8,459	1,361
Share-based compensation expense	$ 8,561	$ 1,519	$ 10,395	$ 3,625

GUARANTOR SUBSIDIARIES - Schedu

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Mar. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 372,497			$ 182,456
Accounts receivable, net of allowance	656,438			706,309
Intercompany receivables	0			0
Prepaid expenses	66,088			95,734
Other current assets	33,709			31,301
Total Current Assets	1,128,732			1,015,800
Structures, net	970,649			1,053,016
Other property, plant and equipment, net	246,058			235,922
Indefinite-lived permits	971,163			971,163
Other intangibles, net	327,318			252,862
Goodwill	705,062			706,003
Operating lease right-of-use assets	1,979,807
Due from iHeartCommunications	0	$ 154,800	$ 1,031,700	154,758	$ 1,031,700
Intercompany notes receivable	0			0
Other assets	99,168			132,504
Total Assets	6,427,957			4,522,028	4,521,052
Accounts payable	109,645			113,714
Intercompany payable	0			0
Accrued expenses	462,242			528,482
Current operating lease liabilities	394,082
Deferred revenue	95,983			85,052
Accrued interest	56,994			2,341
Current portion of long-term debt	260			227
Total Current Liabilities	1,119,206			729,816
Long-term debt	5,296,096			5,277,108
Mandatorily redeemable preferred stock	44,884
Non-current operating lease liabilities	1,620,190
Intercompany notes payable	0			0
Deferred income taxes	388,124			335,015
Due to iHeartCommunications	0			21,591
Other long-term liabilities	174,382			260,150
Total stockholders' equity (deficit)	(2,214,925)	$ (2,255,830)		(2,101,652)	$ (2,078,952)	$ (2,012,353)	$ (1,858,294)
Total Liabilities and Stockholders' Equity (Deficit)	6,427,957			4,522,028
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0			0
Accounts receivable, net of allowance	0			0
Intercompany receivables	(3,577,314)			(3,647,996)
Prepaid expenses	0			0
Other current assets	0			0
Total Current Assets	(3,577,314)			(3,647,996)
Structures, net	0			0
Other property, plant and equipment, net	0			0
Indefinite-lived permits	0			0
Other intangibles, net	0			0
Goodwill	0			0
Operating lease right-of-use assets	0
Due from iHeartCommunications				0
Intercompany notes receivable	(5,387,863)			(5,319,822)
Other assets	(1,306,317)			(1,536,271)
Total Assets	(10,271,494)			(10,504,089)
Accounts payable	0			0
Intercompany payable	(3,577,314)			(3,647,996)
Accrued expenses	0			0
Current operating lease liabilities	0
Deferred revenue	0			0
Accrued interest	0			0
Current portion of long-term debt	0			0
Total Current Liabilities	(3,577,314)			(3,647,996)
Long-term debt	0			0
Mandatorily redeemable preferred stock	0
Non-current operating lease liabilities	0
Intercompany notes payable	(5,387,863)			(5,319,822)
Deferred income taxes	0			0
Due to iHeartCommunications				0
Other long-term liabilities	0			0
Total stockholders' equity (deficit)	(1,306,317)			(1,536,271)
Total Liabilities and Stockholders' Equity (Deficit)	(10,271,494)			(10,504,089)
Parent Company | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	206,325			1,560
Accounts receivable, net of allowance	0			0
Intercompany receivables	0			0
Prepaid expenses	1,550			329
Other current assets	0			0
Total Current Assets	207,875			1,889
Structures, net	0			0
Other property, plant and equipment, net	0			0
Indefinite-lived permits	0			0
Other intangibles, net	0			0
Goodwill	0			0
Operating lease right-of-use assets	0
Due from iHeartCommunications				154,758
Intercompany notes receivable	182,026			182,026
Other assets	117,156			252,239
Total Assets	507,057			590,912
Accounts payable	0			0
Intercompany payable	2,756,261			2,807,601
Accrued expenses	8,366			33,632
Current operating lease liabilities	0
Deferred revenue	0			0
Accrued interest	0			0
Current portion of long-term debt	0			0
Total Current Liabilities	2,764,627			2,841,233
Long-term debt	0			0
Mandatorily redeemable preferred stock	44,884
Non-current operating lease liabilities	0
Intercompany notes payable	0			0
Deferred income taxes	(29,866)			(46,739)
Due to iHeartCommunications				21,591
Other long-term liabilities	277			542
Total stockholders' equity (deficit)	(2,272,865)			(2,225,715)
Total Liabilities and Stockholders' Equity (Deficit)	507,057			590,912
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	775,267			773,844
Prepaid expenses	0			1,211
Other current assets	0			0
Total Current Assets	775,267			775,055
Structures, net	0			0
Other property, plant and equipment, net	0			0
Indefinite-lived permits	0			0
Other intangibles, net	0			0
Goodwill	0			0
Operating lease right-of-use assets	0
Due from iHeartCommunications				0
Intercompany notes receivable	5,184,629			5,116,629
Other assets	(3,949)			44,792
Total Assets	5,955,947			5,936,476
Accounts payable	0			0
Intercompany payable	0			0
Accrued expenses	(1,156)			595
Current operating lease liabilities	0
Deferred revenue	0			0
Accrued interest	55,251			1,004
Current portion of long-term debt	0			0
Total Current Liabilities	54,095			1,599
Long-term debt	4,920,391			4,902,447
Mandatorily redeemable preferred stock	0
Non-current operating lease liabilities	0
Intercompany notes payable	16,273			16,273
Deferred income taxes	853			853
Due to iHeartCommunications				0
Other long-term liabilities	0			0
Total stockholders' equity (deficit)	964,335			1,015,304
Total Liabilities and Stockholders' Equity (Deficit)	5,955,947			5,936,476
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	20,058			18,464
Accounts receivable, net of allowance	225,646			226,230
Intercompany receivables	2,756,261			2,807,601
Prepaid expenses	21,257			52,052
Other current assets	2,620			2,857
Total Current Assets	3,025,842			3,107,204
Structures, net	552,042			594,456
Other property, plant and equipment, net	126,964			127,449
Indefinite-lived permits	971,163			971,163
Other intangibles, net	311,513			235,326
Goodwill	507,820			507,820
Operating lease right-of-use assets	999,646
Due from iHeartCommunications				0
Intercompany notes receivable	4,935			4,895
Other assets	1,219,699			1,291,278
Total Assets	7,719,624			6,839,591
Accounts payable	37,207			30,206
Intercompany payable	821,053			840,395
Accrued expenses	97,896			68,322
Current operating lease liabilities	99,635
Deferred revenue	44,422			45,914
Accrued interest	572			162
Current portion of long-term debt	249			227
Total Current Liabilities	1,101,034			985,226
Long-term debt	3,718			3,654
Mandatorily redeemable preferred stock	0
Non-current operating lease liabilities	906,024
Intercompany notes payable	5,107,418			5,039,418
Deferred income taxes	483,829			428,319
Due to iHeartCommunications				0
Other long-term liabilities	73,313			139,647
Total stockholders' equity (deficit)	44,288			243,327
Total Liabilities and Stockholders' Equity (Deficit)	7,719,624			6,839,591
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	146,114			162,432
Accounts receivable, net of allowance	430,792			480,079
Intercompany receivables	45,786			66,551
Prepaid expenses	43,281			42,142
Other current assets	31,089			28,444
Total Current Assets	697,062			779,648
Structures, net	418,607			458,560
Other property, plant and equipment, net	119,094			108,473
Indefinite-lived permits	0			0
Other intangibles, net	15,805			17,536
Goodwill	197,242			198,183
Operating lease right-of-use assets	980,161
Due from iHeartCommunications				0
Intercompany notes receivable	16,273			16,272
Other assets	72,579			80,466
Total Assets	2,516,823			1,659,138
Accounts payable	72,438			83,508
Intercompany payable	0			0
Accrued expenses	357,136			425,933
Current operating lease liabilities	294,447
Deferred revenue	51,561			39,138
Accrued interest	1,171			1,175
Current portion of long-term debt	11			0
Total Current Liabilities	776,764			549,754
Long-term debt	371,987			371,007
Mandatorily redeemable preferred stock	0
Non-current operating lease liabilities	714,166
Intercompany notes payable	264,172			264,131
Deferred income taxes	(66,692)			(47,418)
Due to iHeartCommunications				0
Other long-term liabilities	100,792			119,961
Total stockholders' equity (deficit)	355,634			401,703
Total Liabilities and Stockholders' Equity (Deficit)	$ 2,516,823			$ 1,659,138

GUARANTOR SUBSIDIARIES - Sche_2

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Condensed Statement of Income Captions [Line Items]
Revenue	$ 698,015	$ 711,980	$ 1,285,131	$ 1,310,378
Operating expenses:
Direct operating expenses	363,029	372,936	710,856	734,225
Selling, general and administrative expenses	134,721	125,289	257,687	252,697
Corporate expenses	38,907	37,928	67,521	73,363
Depreciation and amortization	80,174	82,767	155,250	166,827
Other operating income (expense), net	1,270	929	(2,252)	875
Operating income	82,454	93,989	91,565	84,141
Interest expense, net	107,971	96,777	222,834	194,041
Intercompany interest income	0	0	0	0
Intercompany interest expense	0	0	0	0
Loss on extinguishment of debt	0	0	(5,474)	0
Equity in earnings (loss) of nonconsolidated affiliates	0	0	0	0
Loss on Due from iHeartCommunications	(5,778)	0	(5,778)	0
Other income (expense), net	(9,203)	(35,402)	(9,768)	(15,761)
Income (loss) before income taxes	(40,498)	(38,190)	(152,289)	(125,661)
Income tax benefit (expense)	29,093	(4,753)	(28,670)	(50,120)
Consolidated net loss	(11,405)	(42,943)	(180,959)	(175,781)
Less amount attributable to noncontrolling interest	(466)	7,440	(5,853)	3,024
Net loss attributable to the Company	(10,939)	(50,383)	(175,106)	(178,805)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	172	(18,620)	2,721	(11,838)
Other adjustments to comprehensive income	2,592	0	2,592	0
Equity in subsidiary comprehensive income	0	0	0	0
Other comprehensive income (loss)	2,764	(18,620)	5,313	(11,838)
Comprehensive loss	(8,175)	(69,003)	(169,793)	(190,643)
Less amount attributable to noncontrolling interest	(3,021)	(7,919)	563	(2,683)
Comprehensive loss attributable to the Company	(5,154)	(61,084)	(170,356)	(187,960)
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 expense, net	0	0	0	0
Intercompany interest income	(112,238)	(99,976)	(229,163)	(199,647)
Intercompany interest expense	(112,238)	(99,976)	(229,163)	(199,647)
Loss on extinguishment of debt			0
Equity in earnings (loss) of nonconsolidated affiliates	(2,038)	102,136	211,631	231,663
Loss on Due from iHeartCommunications			0
Other income (expense), net	0	0	0	0
Income (loss) before income taxes	(2,038)	102,136	211,631	231,663
Income tax benefit (expense)	0	0	0	0
Consolidated net loss	(2,038)	102,136	211,631	231,663
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	(2,038)	102,136	211,631	231,663
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Other adjustments to comprehensive income	0		0
Equity in subsidiary comprehensive income	(16,179)	22,662	18,323	20,382
Other comprehensive income (loss)	(16,179)	22,662	18,323	20,382
Comprehensive loss	(18,217)	124,798	229,954	252,045
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive loss attributable to the Company	(18,217)	124,798	229,954	252,045
Parent Company
Other comprehensive income (loss), net of tax:
Other adjustments to comprehensive income	0
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	1,359	(803)	2,468	2,256
Depreciation and amortization	0	0	0	0
Other operating income (expense), net	(109)	9	(222)	(95)
Operating income	(1,468)	812	(2,690)	(2,351)
Interest expense, net	930	(218)	1,735	(220)
Intercompany interest income	4,940	4,240	10,404	8,386
Intercompany interest expense	523	210	1,334	210
Loss on extinguishment of debt			0
Equity in earnings (loss) of nonconsolidated affiliates	6,590	(45,932)	(137,852)	(162,356)
Loss on Due from iHeartCommunications	(5,778)		(5,778)
Other income (expense), net	0	(416)	0	0
Income (loss) before income taxes	2,831	(41,288)	(138,985)	(156,311)
Income tax benefit (expense)	(13,770)	(9,095)	(36,121)	(22,494)
Consolidated net loss	(10,939)	(50,383)	(175,106)	(178,805)
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	(10,939)	(50,383)	(175,106)	(178,805)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Other adjustments to comprehensive income			0
Equity in subsidiary comprehensive income	5,785	(10,701)	4,750	(9,155)
Other comprehensive income (loss)	5,785	(10,701)	4,750	(9,155)
Comprehensive loss	(5,154)	(61,084)	(170,356)	(187,960)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive loss attributable to the Company	(5,154)	(61,084)	(170,356)	(187,960)
Subsidiary Issuer
Other comprehensive income (loss), net of tax:
Other adjustments to comprehensive income	0
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 expense, net	98,070	88,143	202,635	176,312
Intercompany interest income	101,059	90,246	206,049	180,474
Intercompany interest expense	253	242	503	459
Loss on extinguishment of debt			(5,474)
Equity in earnings (loss) of nonconsolidated affiliates	(5,006)	(27,348)	(36,416)	(33,857)
Loss on Due from iHeartCommunications			0
Other income (expense), net	0	0	0	0
Income (loss) before income taxes	(2,270)	(25,487)	(38,979)	(30,154)
Income tax benefit (expense)	1,156	(2,666)	335	(5,328)
Consolidated net loss	(1,114)	(28,153)	(38,644)	(35,482)
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	(1,114)	(28,153)	(38,644)	(35,482)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Other adjustments to comprehensive income			0
Equity in subsidiary comprehensive income	4,729	(2,556)	(12,325)	(3,298)
Other comprehensive income (loss)	4,729	(2,556)	(12,325)	(3,298)
Comprehensive loss	3,615	(30,709)	(50,969)	(38,780)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive loss attributable to the Company	3,615	(30,709)	(50,969)	(38,780)
Guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Other adjustments to comprehensive income	0
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Revenue	324,824	297,866	595,276	551,529
Operating expenses:
Direct operating expenses	134,467	128,880	263,521	252,225
Selling, general and administrative expenses	55,226	47,553	106,605	96,276
Corporate expenses	23,156	27,822	40,041	51,744
Depreciation and amortization	46,106	43,831	86,318	89,059
Other operating income (expense), net	1,127	937	703	337
Operating income	66,996	50,717	99,494	62,562
Interest expense, net	289	430	875	818
Intercompany interest income	6,239	5,490	12,710	10,787
Intercompany interest expense	105,999	94,486	216,453	188,860
Loss on extinguishment of debt			0
Equity in earnings (loss) of nonconsolidated affiliates	454	(28,856)	(37,363)	(35,450)
Loss on Due from iHeartCommunications			0
Other income (expense), net	(10,785)	465	(13,407)	2,421
Income (loss) before income taxes	(43,384)	(67,100)	(155,894)	(149,358)
Income tax benefit (expense)	49,974	21,168	18,042	(12,998)
Consolidated net loss	6,590	(45,932)	(137,852)	(162,356)
Less amount attributable to noncontrolling interest	0	0	0	0
Net loss attributable to the Company	6,590	(45,932)	(137,852)	(162,356)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	120	(1,296)	15,498	(1,226)
Other adjustments to comprehensive income			0
Equity in subsidiary comprehensive income	5,665	(9,405)	(10,748)	(7,929)
Other comprehensive income (loss)	5,785	(10,701)	4,750	(9,155)
Comprehensive loss	12,375	(56,633)	(133,102)	(171,511)
Less amount attributable to noncontrolling interest	0	0	0	0
Comprehensive loss attributable to the Company	12,375	(56,633)	(133,102)	(171,511)
Non-Guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Other adjustments to comprehensive income	2,592
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Revenue	373,191	414,114	689,855	758,849
Operating expenses:
Direct operating expenses	228,562	244,056	447,335	482,000
Selling, general and administrative expenses	79,495	77,736	151,082	156,421
Corporate expenses	14,392	10,909	25,012	19,363
Depreciation and amortization	34,068	38,936	68,932	77,768
Other operating income (expense), net	252	(17)	(2,733)	633
Operating income	16,926	42,460	(5,239)	23,930
Interest expense, net	8,682	8,422	17,589	17,131
Intercompany interest income	0	0	0	0
Intercompany interest expense	5,463	5,038	10,873	10,118
Loss on extinguishment of debt			0
Equity in earnings (loss) of nonconsolidated affiliates	0	0	0	0
Loss on Due from iHeartCommunications			0
Other income (expense), net	1,582	(35,451)	3,639	(18,182)
Income (loss) before income taxes	4,363	(6,451)	(30,062)	(21,501)
Income tax benefit (expense)	(8,267)	(14,160)	(10,926)	(9,300)
Consolidated net loss	(3,904)	(20,611)	(40,988)	(30,801)
Less amount attributable to noncontrolling interest	(466)	7,440	(5,853)	3,024
Net loss attributable to the Company	(3,438)	(28,051)	(35,135)	(33,825)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	52	(17,324)	(12,777)	(10,612)
Other adjustments to comprehensive income			2,592
Equity in subsidiary comprehensive income	0	0	0	0
Other comprehensive income (loss)	2,644	(17,324)	(10,185)	(10,612)
Comprehensive loss	(794)	(45,375)	(45,320)	(44,437)
Less amount attributable to noncontrolling interest	(3,021)	(7,919)	563	(2,683)
Comprehensive loss attributable to the Company	$ 2,227	$ (37,456)	$ (45,883)	$ (41,754)

GUARANTOR SUBSIDIARIES - Sche_3

GUARANTOR SUBSIDIARIES - Schedule Of Guarantor Obligations, Cash Flow (Details) - USD ($) $ in Thousands	May 02, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Consolidated net loss		$ (11,405)	$ (42,943)	$ (180,959)	$ (175,781)
Reconciling items:
Depreciation and amortization		80,174	82,767	155,250	166,827
Deferred taxes		(1,186)	29,590	(15,143)	46,501
Provision for doubtful accounts				4,417	3,317
Amortization of deferred financing charges and note discounts, net				5,230	5,293
Share-based compensation				10,395	3,625
Gain on disposal of operating and other assets				2,090	(1,115)
Equity in (earnings) loss of nonconsolidated affiliates		0	0	0	0
Loss on Due from iHeartCommunications				5,778	0
Loss on extinguishment of debt		0	0	5,474	0
Foreign exchange transaction (gain) loss				3,625	14,535
Other reconciling items, net				(2,787)	(1,098)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable				44,823	7,842
(Increase) decrease in prepaid expenses and other current assets				(34,946)	(25,223)
Increase (decrease) in accrued expenses				(25,190)	(30,788)
Increase (decrease) in accounts payable				(3,364)	19,459
Increase in accrued interest				55,632	488
Increase (decrease) in deferred revenue				10,539	42,791
Changes in other operating assets and liabilities				14,271	(10,805)
Net cash provided by (used for) operating activities				55,135	65,868
Cash flows from investing activities:
Purchases of property, plant and equipment		(51,108)	(32,643)	(79,281)	(61,315)
Proceeds from disposal of assets				2,518	3,040
Increase in intercompany notes receivable, net				0	0
Dividends from subsidiaries					0
Change in other, net				76	12
Net cash used for investing activities				(76,687)	(58,263)
Cash flows from financing activities:
Proceeds from long-term debt				2,235,197	0
Proceeds from issuance of mandatorily redeemable preferred stock				43,798	0
Payments on long-term debt				(2,200,113)	(316)
Net transfers from iHeartCommunications				43,399	60,751
Proceeds from settlement of Due from iHeartCommunications	$ 8,800			115,798	0
Dividends and other payments to noncontrolling interests				(127)	(211)
Dividends paid				(701)	(30,624)
Increase in intercompany notes payable, net				0	0
Intercompany funding				0	0
Debt issuance costs				(26,795)	(1,298)
Change in other, net				(2,128)	(702)
Net cash provided by (used for) financing activities				208,328	27,600
Effect of exchange rate changes on cash, cash equivalents and restricted cash				159	(4,319)
Net increase in cash, cash equivalents and restricted cash				186,935	30,886
Cash, cash equivalents and restricted cash at beginning of period				202,869	188,310
Cash, cash equivalents and restricted cash at end of period		389,804	219,196	389,804	219,196
Eliminations
Cash flows from operating activities:
Consolidated net loss		(2,038)	102,136	211,631	231,663
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 disposal of operating and other assets				0	0
Equity in (earnings) loss of nonconsolidated affiliates		2,038	(102,136)	(211,631)	(231,663)
Loss on Due from iHeartCommunications				0
Loss on extinguishment of debt				0
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 prepaid expenses and other current assets				0	0
Increase (decrease) in accrued expenses				0	0
Increase (decrease) in accounts payable				0	0
Increase in accrued interest				0	0
Increase (decrease) in deferred revenue				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
Increase in intercompany notes receivable, net				68,000	8,829
Dividends from subsidiaries					(1,111)
Change in other, net				0	0
Net cash used for investing activities				68,000	7,718
Cash flows from financing activities:
Proceeds from long-term debt				0
Proceeds from issuance of mandatorily redeemable preferred stock				0
Payments on long-term debt				0	0
Net transfers from iHeartCommunications				0	0
Proceeds from settlement of Due from iHeartCommunications				0
Dividends and other payments to noncontrolling interests				0	0
Dividends paid				0	1,111
Increase in intercompany notes payable, net				(68,000)	(8,829)
Intercompany funding				0	0
Debt issuance costs				0	0
Change in other, net				0	0
Net cash provided by (used for) financing activities				(68,000)	(7,718)
Effect of exchange rate changes on cash, cash equivalents and restricted cash				0	0
Net increase 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		(10,939)	(50,383)	(175,106)	(178,805)
Reconciling items:
Depreciation and amortization		0	0	0	0
Deferred taxes				16,873	58,972
Provision for doubtful accounts				0	0
Amortization of deferred financing charges and note discounts, net				9	0
Share-based compensation				0	0
Gain on disposal of operating and other assets				0	0
Equity in (earnings) loss of nonconsolidated affiliates		(6,590)	45,932	137,852	162,356
Loss on Due from iHeartCommunications				5,778
Loss on extinguishment of debt				0
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 prepaid expenses and other current assets				(1,221)	54
Increase (decrease) in accrued expenses				(24,830)	(24,438)
Increase (decrease) in accounts payable				0	0
Increase in accrued interest				0	0
Increase (decrease) in deferred revenue				0	0
Changes in other operating assets and liabilities				1,981	(1,981)
Net cash provided by (used for) operating activities				(38,664)	16,158
Cash flows from investing activities:
Purchases of property, plant and equipment				0	0
Proceeds from disposal of assets				0	0
Increase in intercompany notes receivable, net				0	0
Dividends from subsidiaries					0
Change in other, net				0	0
Net cash used for investing activities				0	0
Cash flows from financing activities:
Proceeds from long-term debt				0
Proceeds from issuance of mandatorily redeemable preferred stock				43,798
Payments on long-term debt				0	0
Net transfers from iHeartCommunications				43,399	60,751
Proceeds from settlement of Due from iHeartCommunications				115,798
Dividends and other payments to noncontrolling interests				0	0
Dividends paid				(701)	(30,624)
Increase in intercompany notes payable, net				0	0
Intercompany funding				43,263	(45,677)
Debt issuance costs				0	0
Change in other, net				(2,128)	(702)
Net cash provided by (used for) financing activities				243,429	(16,252)
Effect of exchange rate changes on cash, cash equivalents and restricted cash				0	0
Net increase in cash, cash equivalents and restricted cash				204,765	(94)
Cash, cash equivalents and restricted cash at beginning of period				1,560	27,653
Cash, cash equivalents and restricted cash at end of period		206,325	27,559	206,325	27,559
Subsidiary Issuer | Reportable Legal Entities
Cash flows from operating activities:
Consolidated net loss		(1,114)	(28,153)	(38,644)	(35,482)
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				4,265	4,424
Share-based compensation				0	0
Gain on disposal of operating and other assets				0	0
Equity in (earnings) loss of nonconsolidated affiliates		5,006	27,348	36,416	33,857
Loss on Due from iHeartCommunications				0
Loss on extinguishment of debt				5,474
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 prepaid expenses and other current assets				1,211	1,912
Increase (decrease) in accrued expenses				(1,751)	3,981
Increase (decrease) in accounts payable				0	0
Increase in accrued interest				54,248	0
Increase (decrease) in deferred revenue				0	0
Changes in other operating assets and liabilities				0	0
Net cash provided by (used for) operating activities				61,219	8,692
Cash flows from investing activities:
Purchases of property, plant and equipment				0	0
Proceeds from disposal of assets				0	0
Increase in intercompany notes receivable, net				(68,000)	(8,829)
Dividends from subsidiaries					0
Change in other, net				0	0
Net cash used for investing activities				(68,000)	(8,829)
Cash flows from financing activities:
Proceeds from long-term debt				2,235,000
Proceeds from issuance of mandatorily redeemable preferred stock				0
Payments on long-term debt				(2,200,000)	0
Net transfers from iHeartCommunications				0	0
Proceeds from settlement of Due from iHeartCommunications				0
Dividends and other payments to noncontrolling interests				0	0
Dividends paid				0	0
Increase in intercompany notes payable, net				0	0
Intercompany funding				(1,424)	1,435
Debt issuance costs				(26,795)	(1,298)
Change in other, net				0	0
Net cash provided by (used for) financing activities				6,781	137
Effect of exchange rate changes on cash, cash equivalents and restricted cash				0	0
Net increase 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		6,590	(45,932)	(137,852)	(162,356)
Reconciling items:
Depreciation and amortization		46,106	43,831	86,318	89,059
Deferred taxes				(10,427)	(20,163)
Provision for doubtful accounts				2,187	1,719
Amortization of deferred financing charges and note discounts, net				0	0
Share-based compensation				9,609	3,026
Gain on disposal of operating and other assets				(702)	(336)
Equity in (earnings) loss of nonconsolidated affiliates		(454)	28,856	37,363	35,450
Loss on Due from iHeartCommunications				0
Loss on extinguishment of debt				0
Foreign exchange transaction (gain) loss				(30)	(49)
Other reconciling items, net				(1,371)	(331)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable				(1,602)	(6,008)
(Increase) decrease in prepaid expenses and other current assets				(16,901)	(15,386)
Increase (decrease) in accrued expenses				34,490	17,068
Increase (decrease) in accounts payable				7,002	24,729
Increase in accrued interest				1,486	80
Increase (decrease) in deferred revenue				(2,133)	17,547
Changes in other operating assets and liabilities				5,807	2,655
Net cash provided by (used for) operating activities				13,244	(13,296)
Cash flows from investing activities:
Purchases of property, plant and equipment				(35,789)	(25,582)
Proceeds from disposal of assets				2,326	2,408
Increase in intercompany notes receivable, net				0	0
Dividends from subsidiaries					1,111
Change in other, net				0	(3)
Net cash used for investing activities				(33,463)	(22,066)
Cash flows from financing activities:
Proceeds from long-term debt				197
Proceeds from issuance of mandatorily redeemable preferred stock				0
Payments on long-term debt				(111)	(84)
Net transfers from iHeartCommunications				0	0
Proceeds from settlement of Due from iHeartCommunications				0
Dividends and other payments to noncontrolling interests				0	0
Dividends paid				0	0
Increase in intercompany notes payable, net				68,000	0
Intercompany funding				(46,273)	29,537
Debt issuance costs				0	0
Change in other, net				0	0
Net cash provided by (used for) financing activities				21,813	29,453
Effect of exchange rate changes on cash, cash equivalents and restricted cash				0	0
Net increase in cash, cash equivalents and restricted cash				1,594	(5,909)
Cash, cash equivalents and restricted cash at beginning of period				18,464	22,841
Cash, cash equivalents and restricted cash at end of period		20,058	16,932	20,058	16,932
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities:
Consolidated net loss		(3,904)	(20,611)	(40,988)	(30,801)
Reconciling items:
Depreciation and amortization		34,068	38,936	68,932	77,768
Deferred taxes				(21,589)	7,692
Provision for doubtful accounts				2,230	1,598
Amortization of deferred financing charges and note discounts, net				956	869
Share-based compensation				786	599
Gain on disposal of operating and other assets				2,792	(779)
Equity in (earnings) loss of nonconsolidated affiliates		0	0	0	0
Loss on Due from iHeartCommunications				0
Loss on extinguishment of debt				0
Foreign exchange transaction (gain) loss				3,655	14,584
Other reconciling items, net				(1,416)	(767)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable				46,425	13,850
(Increase) decrease in prepaid expenses and other current assets				(18,035)	(11,803)
Increase (decrease) in accrued expenses				(33,099)	(27,399)
Increase (decrease) in accounts payable				(10,366)	(5,270)
Increase in accrued interest				(102)	408
Increase (decrease) in deferred revenue				12,672	25,244
Changes in other operating assets and liabilities				6,483	(11,479)
Net cash provided by (used for) operating activities				19,336	54,314
Cash flows from investing activities:
Purchases of property, plant and equipment				(43,492)	(35,733)
Proceeds from disposal of assets				192	632
Increase in intercompany notes receivable, net				0	0
Dividends from subsidiaries					0
Change in other, net				76	15
Net cash used for investing activities				(43,224)	(35,086)
Cash flows from financing activities:
Proceeds from long-term debt				0
Proceeds from issuance of mandatorily redeemable preferred stock				0
Payments on long-term debt				(2)	(232)
Net transfers from iHeartCommunications				0	0
Proceeds from settlement of Due from iHeartCommunications				0
Dividends and other payments to noncontrolling interests				(127)	(211)
Dividends paid				0	(1,111)
Increase in intercompany notes payable, net				0	8,829
Intercompany funding				4,434	14,705
Debt issuance costs				0
Change in other, net				0	0
Net cash provided by (used for) financing activities				4,305	21,980
Effect of exchange rate changes on cash, cash equivalents and restricted cash				159	(4,319)
Net increase in cash, cash equivalents and restricted cash				(19,424)	36,889
Cash, cash equivalents and restricted cash at beginning of period				182,845	137,816
Cash, cash equivalents and restricted cash at end of period		$ 163,421	$ 174,705	$ 163,421	$ 174,705

Uncategorized Items - cco-20190

Label	Element	Value
Common Stock [Member]
Stockholders' Equity, Shares, Recapitalization as Part of Reorganization	cco_StockholdersEquitySharesRecapitalizationasPartofReorganization	365,618,611
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised	797,340
Common Class B [Member] | Common Stock [Member]
Stockholders' Equity, Shares, Recapitalization as Part of Reorganization	cco_StockholdersEquitySharesRecapitalizationasPartofReorganization	(315,000,000)
Stockholders' Equity, Shares, Recapitalization as Part of Reorganization	cco_StockholdersEquitySharesRecapitalizationasPartofReorganization	(315,000,000)
Common Class A [Member] | Common Stock [Member]
Stockholders' Equity, Shares, Recapitalization as Part of Reorganization	cco_StockholdersEquitySharesRecapitalizationasPartofReorganization	(51,746,753)
Stockholders' Equity, Shares, Recapitalization as Part of Reorganization	cco_StockholdersEquitySharesRecapitalizationasPartofReorganization	(51,746,753)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised	36,993
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised	187,120
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 14,613,000
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 14,613,000