Clear Channel Outdoor looks to Japan with Mitsui.PHOENIX -- Clear Channel Outdoor (NYSE NYSE See: New York Stock Exchange :CCO (Chief or Corporate Compliance Officer) The executive person in charge of compliance issues, regulatory requirements, internal controls and managing audits within an enterprise or organization. ): --Timing right for street furniture development --With CCO already having business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets in Asia Pacific region, company now looks at one of the largest global advertising markets Clear Channel Outdoor (NYSE:CCO) announced today that it has teamed up with Japan's Mitsui & Co., Ltd. to investigate business opportunities in the out-of-home advertising Out-of-home advertising (also referred to as OOH) is essentially all type of advertising that reaches the consumer while he or she is outside the home. This is in contrast to broadcast, print, or internet advertising, which may be delivered to viewers out-of-home (e.g. market in Japan. Paul Meyer
Marie-Paul-Hyacinthe Meyer (January 17, 1840 - September 7, 1917), was a French philologist. , Global President of Clear Channel Outdoor, stated, "The establishment of this relationship with one of Japan's most respected corporate enterprises is a major step in solidifying Clear Channel Outdoor as the world's leading outdoor advertising company." Industry data estimates that out-of-home advertising spent in 2005 was approximately JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 264 billion (US$2.4billion). The relaxation of road traffic laws in 2003 allowed advertising on bus shelters for the first time in Japan but other regulatory hurdles have slowed development over the past four years. A number of cities are now looking to make the necessary changes to local regulations to allow advertising funded bus shelter projects which have become popular throughout the world. "Japan is one of the largest advertising markets in the world and we believe that now is the right time for us to introduce our proven business model to the Japanese market," said Mr. Mark Thewlis, Regional President - Asia Pacific for Clear Channel Outdoor. "We never underestimate the benefit of local knowledge and we are therefore very fortunate to be working with Mitsui & Co., Ltd. I look forward to working closely with the Mitsui's working team". Mitsui's Deputy General Manager of the Consumer Services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, Business Unit, Mr. Shinji Higuchi added, "By combining our local knowledge and expertise with Clear Channel Outdoors' international experience in the out-of-home advertising market, we hope to identify profitable business opportunities here in Japan". CCO already has business operations in the Asia Pacific region including India, Singapore, Thailand, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and is the majority shareholder in Clear Media Ltd (HK:0100) - China's leading street furniture company. About Clear Channel Outdoor Clear Channel Outdoor, based in Phoenix Arizona, is the world's largest outdoor advertising company with over 870,000 displays in more than 50 countries across 6 continents. In the United States, the company operates over 144,000 advertising displays and has a presence in 45 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI Defi Deutsche Filmografie (German Filmography) DEFI Dehors Enormes Filles Informes (French edition Calvin & Hobbes) DEFI Data Entry File Inquiry DEFI Digital Electronic Fuel Injection (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Adshel is the company's international street furniture division, which operates over 3,500 municipal advertising contracts worldwide. More information may be found by visiting www.clearchanneloutdoor.com About Mitsui & Co., Ltd. Mitsui & Co., Ltd.(herein after as Mitsui, listed at TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ), together with its subsidiaries and associated companies, is one of Japan's largest general trading companies which trade in a diverse range of goods with business partners in every region of the world, and also engage in major international infrastructure and other projects. Mitsui undertake sales and marketing, import and export, and international trading and manufacturing in business segments including metal products & minerals, machinery, electronics & information, chemicals, energy, and consumer product & services. Mitsui provide comprehensive services in areas such as retail, logistics and transportation, and finance, and are actively involved in natural resource development with strategic business investments including IT and emerging technologies, and undertake a broad range of other business initiatives. http://www.mitsui.co.jp/tkabz/english/index.html |
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