PHOENIX, April 12 /PRNewswire-FirstCall/ -- Clear Channel Outdoor today stepped up its commitment to creating innovative opportunities for advertisers with the announcement that long-time digital media strategist Michael Hudes has assumed the new position of Executive Vice President, Corporate Development. "We have decided to actively seek out developing technologies that enable us to remotely and instantaneously change static signage," announced Clear Channel Outdoor CEO Paul Meyer. "In parallel, we are determined to create fresh opportunities for advertisers through the aggressive and cost-effective deployment of existing new sign technologies. Michael's entrepreneurial spirit and extensive experience in digital media are a perfect fit for these important tasks." Clear Channel Outdoor's comprehensive range of cutting-edge properties includes Clear Channel Airports, Clear Channel Malls, Clear Channel Taxis and its spectacular sign division, Clear Channel Spectacolor. "Technology is changing the fundamentals of the advertising industry; and as society becomes increasingly mobile, Clear Channel Outdoor is positioned to maximize the potential of these technological changes," said Hudes. "We will focus on creating new products that are more flexible and effective in enabling advertisers to deliver more timely and relevant information to consumers. The end result will be to increase the value of out-of-home media in the advertising landscape." Hudes will be based in northern California, in the company's Bay Area office. Prior to joining Clear Channel Outdoor, Hudes was president and chief operating officer of AdSpace Networks, Inc. Under his leadership, the company became a leading builder of digital media networks for advertising and promotion in public spaces. As president and chief operating officer of Organic, Inc., he oversaw that company's evolution from a small web site builder into a leading global digital marketing services company. Under Hudes leadership and direction revenues grew from approximately $700,000 to more than $128 million over a four year period. Hudes also served as director of marketing and advertising partnerships at da Vinci Time & Space, a leading interactive television company focused on creating original content and development tools for interactive programming. Hudes also held senior management positions at leading advertising agencies in both New York and San Francisco. About Clear Channel Outdoor Clear Channel Outdoor properties have the potential to reach more than half the adults in the U.S. each day during prime "gone from home" hours. The company enjoys leadership positions in billboards, airports, taxis, malls, street furniture and transit displays. Its spectacular sign division, Clear Channel Spectacolor, operate more spectacular signs in Times Square than any other company. Clear Channel Outdoor and its affiliates operates more than 750,000 displays in 65 countries, with more than 150,000 displays in 46 U.S. markets, including 18 of the top 20. Based in Phoenix, Arizona, Clear Channel Outdoor is a division of Clear Channel Communications, Inc. (NYSE: CCU). For more information about Clear Channel Outdoor, please visit www.clearchanneloutdoor.com. Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.
SOURCE Clear Channel Outdoor