CC Media Holdings, Inc. (OTCBB: CCMO) reported financial results for the first quarter ended March 31, 2013.
“The strength of our businesses was clear in the company’s solid first quarter results, which included growing returns from our strategic investments in key digital assets,” Chief Executive Officer Bob Pittman said. “Across the company, we are creating unique, engaging solutions for clients that use our unparalleled multi-platform reach. With our advertisers, we are innovating new ways to use our assets to reach consumers more effectively wherever they are ““ which is increasingly out of their homes. Rather than staying in their connected homes as once predicted, people are now making more mobile connections than ever before. This trend toward the connected consumer plays to the strengths of iHeartmedia (formerly Clear Channel) in broadcast and digital radio and outdoor displays, and we are beginning to make progress in monetizing it.”