Revenue was stronger at Clear Channel's Americas division, totalling $312.5m, down 15% in Q3. This combined total of $660.6m represents an overall fall in revenue of 19% year on year.
The company's revenue figures include a $10.2m increase due to movements in foreign exchange rates. If the effects of these movements were excluded, overall revenue decline would have been $650.5m, down 20% year on year.
In January, Clear Channel Outdoor's parent company, CC Media Holdings, announced a restructuring programme aimed at reducing fixed costs and in Q3, it recorded of expenses of approximately $6.6m.
Last week, Clear Channel's new international chief executive, William Eccleshare, formed a new management team, hiring Pru Parkinson, former Universal McCann UK chief executive, as international marketing director.
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