{"transactions":[{"id":1043018,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2025-09-11T16:30:16.000Z","date":"2025-09-10","kind":"sale","planned":false,"acquired":false,"shares":13000000,"price":1.1316,"value":14710800.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F4","text":"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.12 to $1.2714, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Following the transactions reported herein, includes: (i) 8,722,544 shares held by ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) 984,295 shares held by ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) 19,332,427 shares held by ASOF Holdings I, L.P. (\"ASOF I\"), (iv) 5,095,692 shares held by ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (v) 918,342 shares held by ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), and (vi) 6,144,191 shares held by ACOF VI Holdings, L.P. (\"ACOF VI\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Ares Partners Holdco LLC (\"Ares Partners\") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation (\"Ares Management\"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the general partner of ASSF Operating Manager IV, L.P., which is the manager of ASSF IV AIV B Holdings and ASSF IV AIV B; (ii) the sole member of ASOF Investment Management LLC, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (iii) the sole member of ACOF Investment Management LLC, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"We refer to all of the foregoing entities collectively as the Ares Entities. Each of the Ares Entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners."}],"balance_after":41197491,"source":{"system":"sec-edgar","filing":"0001410578-25-002070","document":"tm2525892-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000141057825002070/tm2525892-1_4seq1.xml","form_type":"4"}},{"id":1043017,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2025-09-11T16:30:16.000Z","date":"2025-09-09","kind":"sale","planned":false,"acquired":false,"shares":1631555,"price":1.386,"value":2261335.23,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Following the transactions reported herein, includes: (i) 8,722,544 shares held by ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) 984,295 shares held by ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) 19,332,427 shares held by ASOF Holdings I, L.P. (\"ASOF I\"), (iv) 5,095,692 shares held by ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (v) 918,342 shares held by ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), and (vi) 6,144,191 shares held by ACOF VI Holdings, L.P. (\"ACOF VI\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Ares Partners Holdco LLC (\"Ares Partners\") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation (\"Ares Management\"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the general partner of ASSF Operating Manager IV, L.P., which is the manager of ASSF IV AIV B Holdings and ASSF IV AIV B; (ii) the sole member of ASOF Investment Management LLC, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (iii) the sole member of ACOF Investment Management LLC, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"We refer to all of the foregoing entities collectively as the Ares Entities. Each of the Ares Entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners."}],"balance_after":54197491,"source":{"system":"sec-edgar","filing":"0001410578-25-002070","document":"tm2525892-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000141057825002070/tm2525892-1_4seq1.xml","form_type":"4"}},{"id":2036598,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-02-02T09:27:00.000Z","date":"2023-01-30","kind":"purchase","acquired":true,"shares":500000,"price":1.7947,"value":897350.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,829,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 5,095,692 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 918,342 shares of Common Stock and (vi) ACOF VI directly holds 11,815,688 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,829,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 5,095,692 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 918,342 shares of Common Stock and (vi) ACOF VI directly holds 11,815,688 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,829,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 5,095,692 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 918,342 shares of Common Stock and (vi) ACOF VI directly holds 11,815,688 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":55829046,"source":{"system":"sec-edgar","filing":"0001104659-23-009638","document":"tm234488-5_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923009638/tm234488-5_4seq1.xml","form_type":"4"}},{"id":2042406,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-30T20:08:50.000Z","date":"2023-01-27","kind":"purchase","acquired":true,"shares":525902,"price":1.7969,"value":944993.3038,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,329,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 4,683,381 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 844,035 shares of Common Stock and (vi) ACOF VI directly holds 11,802,306 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,329,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 4,683,381 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 844,035 shares of Common Stock and (vi) ACOF VI directly holds 11,802,306 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,329,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 4,683,381 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 844,035 shares of Common Stock and (vi) ACOF VI directly holds 11,802,306 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":55329046,"source":{"system":"sec-edgar","filing":"0001104659-23-008144","document":"tm234488-3_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923008144/tm234488-3_4seq1.xml","form_type":"4"}},{"id":2042405,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-30T20:08:50.000Z","date":"2023-01-26","kind":"purchase","acquired":true,"shares":597518,"price":1.7347,"value":1036514.4746,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,329,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 4,683,381 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 844,035 shares of Common Stock and (vi) ACOF VI directly holds 11,802,306 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,329,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 4,683,381 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 844,035 shares of Common Stock and (vi) ACOF VI directly holds 11,802,306 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 55,329,046 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 4,683,381 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 844,035 shares of Common Stock and (vi) ACOF VI directly holds 11,802,306 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":54803144,"source":{"system":"sec-edgar","filing":"0001104659-23-008144","document":"tm234488-3_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923008144/tm234488-3_4seq1.xml","form_type":"4"}},{"id":2045261,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-26T18:14:28.000Z","date":"2023-01-25","kind":"purchase","acquired":true,"shares":875000,"price":1.5616,"value":1366400.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 54,205,626 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 3,756,983 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 677,080 shares of Common Stock and (vi) ACOF VI directly holds 11,772,239 shares of Common Stock.  The respective number of shares reported for certain Reporting Persons, including ASSF IV AIV B Holdings, ASSF IV AIV B and ASOF I, has, in each case, been updated to correct an inadvertent overstatement of previously reported historical beneficial ownership by the collective amount of 1,021,954 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 54,205,626 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 3,756,983 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 677,080 shares of Common Stock and (vi) ACOF VI directly holds 11,772,239 shares of Common Stock.  The respective number of shares reported for certain Reporting Persons, including ASSF IV AIV B Holdings, ASSF IV AIV B and ASOF I, has, in each case, been updated to correct an inadvertent overstatement of previously reported historical beneficial ownership by the collective amount of 1,021,954 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 54,205,626 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 3,756,983 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 677,080 shares of Common Stock and (vi) ACOF VI directly holds 11,772,239 shares of Common Stock.  The respective number of shares reported for certain Reporting Persons, including ASSF IV AIV B Holdings, ASSF IV AIV B and ASOF I, has, in each case, been updated to correct an inadvertent overstatement of previously reported historical beneficial ownership by the collective amount of 1,021,954 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":54205626,"source":{"system":"sec-edgar","filing":"0001104659-23-007103","document":"tm234488-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923007103/tm234488-1_4seq1.xml","form_type":"4"}},{"id":2045260,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-26T18:14:28.000Z","date":"2023-01-24","kind":"purchase","acquired":true,"shares":721000,"price":1.6462,"value":1186910.2,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 54,205,626 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 3,756,983 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 677,080 shares of Common Stock and (vi) ACOF VI directly holds 11,772,239 shares of Common Stock.  The respective number of shares reported for certain Reporting Persons, including ASSF IV AIV B Holdings, ASSF IV AIV B and ASOF I, has, in each case, been updated to correct an inadvertent overstatement of previously reported historical beneficial ownership by the collective amount of 1,021,954 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 54,205,626 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 3,756,983 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 677,080 shares of Common Stock and (vi) ACOF VI directly holds 11,772,239 shares of Common Stock.  The respective number of shares reported for certain Reporting Persons, including ASSF IV AIV B Holdings, ASSF IV AIV B and ASOF I, has, in each case, been updated to correct an inadvertent overstatement of previously reported historical beneficial ownership by the collective amount of 1,021,954 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 54,205,626 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 16,774,031 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,892,866 shares of Common Stock, (iii) ASOF I directly holds 19,332,427 shares of Common Stock, (iv) ASOF II Holdings I directly holds 3,756,983 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 677,080 shares of Common Stock and (vi) ACOF VI directly holds 11,772,239 shares of Common Stock.  The respective number of shares reported for certain Reporting Persons, including ASSF IV AIV B Holdings, ASSF IV AIV B and ASOF I, has, in each case, been updated to correct an inadvertent overstatement of previously reported historical beneficial ownership by the collective amount of 1,021,954 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":53330626,"source":{"system":"sec-edgar","filing":"0001104659-23-007103","document":"tm234488-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923007103/tm234488-1_4seq1.xml","form_type":"4"}},{"id":2047618,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-24T19:22:23.000Z","date":"2023-01-23","kind":"purchase","acquired":true,"shares":730000,"price":1.6522,"value":1206106.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 53,631,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 2,440,884 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 439,894 shares of Common Stock and (vi) ACOF VI directly holds 11,729,524 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 53,631,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 2,440,884 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 439,894 shares of Common Stock and (vi) ACOF VI directly holds 11,729,524 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 53,631,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 2,440,884 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 439,894 shares of Common Stock and (vi) ACOF VI directly holds 11,729,524 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":53631580,"source":{"system":"sec-edgar","filing":"0001104659-23-006289","document":"tm233681-8_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923006289/tm233681-8_4seq1.xml","form_type":"4"}},{"id":2047617,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-24T19:22:23.000Z","date":"2023-01-20","kind":"purchase","acquired":true,"shares":500000,"price":1.4418,"value":720900.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 53,631,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 2,440,884 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 439,894 shares of Common Stock and (vi) ACOF VI directly holds 11,729,524 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 53,631,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 2,440,884 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 439,894 shares of Common Stock and (vi) ACOF VI directly holds 11,729,524 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 53,631,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 2,440,884 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 439,894 shares of Common Stock and (vi) ACOF VI directly holds 11,729,524 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":52901580,"source":{"system":"sec-edgar","filing":"0001104659-23-006289","document":"tm233681-8_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923006289/tm233681-8_4seq1.xml","form_type":"4"}},{"id":2049906,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-20T16:28:55.000Z","date":"2023-01-19","kind":"purchase","acquired":true,"shares":300000,"price":1.3278,"value":398340.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 52,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 1,426,598 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 257,100 shares of Common Stock and (vi) ACOF VI directly holds 11,696,604 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 52,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 1,426,598 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 257,100 shares of Common Stock and (vi) ACOF VI directly holds 11,696,604 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 52,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 1,426,598 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 257,100 shares of Common Stock and (vi) ACOF VI directly holds 11,696,604 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":52401580,"source":{"system":"sec-edgar","filing":"0001104659-23-005423","document":"tm233681-6_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923005423/tm233681-6_4seq1.xml","form_type":"4"}},{"id":2049905,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-20T16:28:55.000Z","date":"2023-01-18","kind":"purchase","acquired":true,"shares":700000,"price":1.3694,"value":958580.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 52,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 1,426,598 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 257,100 shares of Common Stock and (vi) ACOF VI directly holds 11,696,604 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 52,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 1,426,598 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 257,100 shares of Common Stock and (vi) ACOF VI directly holds 11,696,604 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 52,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 1,426,598 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 257,100 shares of Common Stock and (vi) ACOF VI directly holds 11,696,604 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":52101580,"source":{"system":"sec-edgar","filing":"0001104659-23-005423","document":"tm233681-6_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923005423/tm233681-6_4seq1.xml","form_type":"4"}},{"id":2051073,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75522,"kind":"organization","name":"ASOF II Holdings I, L.P.","position":6,"cik":"0001933113","reported_name":"ASOF II Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75523,"kind":"organization","name":"ASOF II A (DE) Holdings I, L.P.","position":7,"cik":"0001933136","reported_name":"ASOF II A (DE) Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":8,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":9,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":10,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-19T20:01:06.000Z","date":"2023-01-17","kind":"purchase","acquired":true,"shares":400000,"price":1.3603,"value":544120.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 601,975 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 108,487 shares of Common Stock and (vi) ACOF VI directly holds 11,669,840 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 601,975 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 108,487 shares of Common Stock and (vi) ACOF VI directly holds 11,669,840 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF II Holdings I, L.P. (\"ASOF II Holdings I\"), (vi) ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"), (vii) ASOF Investment Management LLC (\"ASOF Investment Management\"), (viii) ACOF VI Holdings, L.P. (\"ACOF VI\"), (ix) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(x) Ares Management LLC, (xi) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (xii) Ares Holdco LLC (\"Ares Holdco\"), (xiii) Ares Management Corporation (\"Ares Management\"), (xiv) Ares Voting LLC (\"Ares Voting\"), (xv) Ares Management GP LLC (\"Ares Management GP\") and (xvi) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 601,975 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 108,487 shares of Common Stock and (vi) ACOF VI directly holds 11,669,840 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":51401580,"source":{"system":"sec-edgar","filing":"0001104659-23-005117","document":"tm233681-4_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923005117/tm233681-4_4seq1.xml","form_type":"4"}},{"id":2053916,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2023-01-17T18:32:16.000Z","date":"2023-01-13","kind":"purchase","acquired":true,"shares":330000,"price":1.3937,"value":459921.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I, L.P. (\"ASOF II Holdings I\") and ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"); and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,001,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 272,126 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 49,042 shares of Common Stock and (vi) ACOF VI directly holds 11,659,134 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I, L.P. (\"ASOF II Holdings I\") and ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"); and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,001,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 272,126 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 49,042 shares of Common Stock and (vi) ACOF VI directly holds 11,659,134 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I, L.P. (\"ASOF II Holdings I\") and ASOF II A (DE) Holdings I, L.P. (\"ASOF II A (DE) Holdings I\"); and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,001,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 272,126 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 49,042 shares of Common Stock and (vi) ACOF VI directly holds 11,659,134 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":51001580,"source":{"system":"sec-edgar","filing":"0001104659-23-004342","document":"tm233681-2_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465923004342/tm233681-2_4seq1.xml","form_type":"4"}},{"id":2135712,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-18T17:34:56.000Z","date":"2022-10-14","kind":"purchase","acquired":true,"shares":200000,"price":1.4746,"value":294920.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,650,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,650,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,650,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":50671580,"source":{"system":"sec-edgar","filing":"0001104659-22-109751","document":"tm2228255-3_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922109751/tm2228255-3_4seq1.xml","form_type":"4"}},{"id":2137175,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-14T16:02:28.000Z","date":"2022-10-13","kind":"purchase","acquired":true,"shares":200000,"price":1.5851,"value":317020.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,450,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,450,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,450,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":50471580,"source":{"system":"sec-edgar","filing":"0001104659-22-108837","document":"tm2228255-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922108837/tm2228255-1_4seq1.xml","form_type":"4"}},{"id":2137174,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-14T16:02:28.000Z","date":"2022-10-12","kind":"purchase","acquired":true,"shares":200000,"price":1.6343,"value":326860.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,450,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,450,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,450,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":50271580,"source":{"system":"sec-edgar","filing":"0001104659-22-108837","document":"tm2228255-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922108837/tm2228255-1_4seq1.xml","form_type":"4"}},{"id":2138619,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-12T16:00:27.000Z","date":"2022-10-11","kind":"purchase","acquired":true,"shares":200000,"price":1.5943,"value":318860.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,050,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,050,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,050,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":50071580,"source":{"system":"sec-edgar","filing":"0001104659-22-108084","document":"tm2227685-7_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922108084/tm2227685-7_4seq1.xml","form_type":"4"}},{"id":2138618,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-12T16:00:27.000Z","date":"2022-10-10","kind":"purchase","acquired":true,"shares":200000,"price":1.5899,"value":317980.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,050,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,050,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 50,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 11,050,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":49871580,"source":{"system":"sec-edgar","filing":"0001104659-22-108084","document":"tm2227685-7_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922108084/tm2227685-7_4seq1.xml","form_type":"4"}},{"id":2139393,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-11T16:01:19.000Z","date":"2022-10-07","kind":"purchase","acquired":true,"shares":200000,"price":1.5662,"value":313240.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,650,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,650,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,650,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":49671580,"source":{"system":"sec-edgar","filing":"0001104659-22-107702","document":"tm2227685-3_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922107702/tm2227685-3_4seq1.xml","form_type":"4"}},{"id":2139392,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-11T16:01:19.000Z","date":"2022-10-06","kind":"purchase","acquired":true,"shares":200000,"price":1.6217,"value":324340.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,650,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,650,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,671,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,650,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":49471580,"source":{"system":"sec-edgar","filing":"0001104659-22-107702","document":"tm2227685-3_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922107702/tm2227685-3_4seq1.xml","form_type":"4"}},{"id":2141460,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-06T16:02:26.000Z","date":"2022-10-05","kind":"purchase","acquired":true,"shares":200000,"price":1.6023,"value":320460.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,271,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,250,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,271,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,250,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,271,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,250,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":49271580,"source":{"system":"sec-edgar","filing":"0001104659-22-106766","document":"tm2227685-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922106766/tm2227685-1_4seq1.xml","form_type":"4"}},{"id":2141459,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-06T16:02:26.000Z","date":"2022-10-04","kind":"purchase","acquired":true,"shares":200000,"price":1.5766,"value":315320.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,271,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,250,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,271,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,250,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 49,271,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 10,250,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":49071580,"source":{"system":"sec-edgar","filing":"0001104659-22-106766","document":"tm2227685-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922106766/tm2227685-1_4seq1.xml","form_type":"4"}},{"id":2145144,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-04T16:04:11.000Z","date":"2022-10-03","kind":"purchase","acquired":true,"shares":200000,"price":1.4922,"value":298440.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,871,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,850,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,871,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,850,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,871,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,850,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":48871580,"source":{"system":"sec-edgar","filing":"0001104659-22-105825","document":"tm2227390-2_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922105825/tm2227390-2_4seq1.xml","form_type":"4"}},{"id":2145143,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-10-04T16:04:11.000Z","date":"2022-09-30","kind":"purchase","acquired":true,"shares":200000,"price":1.4298,"value":285960.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,871,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,850,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,871,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,850,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,871,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,850,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":48671580,"source":{"system":"sec-edgar","filing":"0001104659-22-105825","document":"tm2227390-2_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922105825/tm2227390-2_4seq1.xml","form_type":"4"}},{"id":2148816,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-09-30T16:01:57.000Z","date":"2022-09-29","kind":"purchase","acquired":true,"shares":200000,"price":1.375,"value":275000.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,450,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,450,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,450,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":48471580,"source":{"system":"sec-edgar","filing":"0001104659-22-104569","document":"tm2227086-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922104569/tm2227086-1_4seq1.xml","form_type":"4"}},{"id":2148815,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-09-30T16:01:57.000Z","date":"2022-09-28","kind":"purchase","acquired":true,"shares":200000,"price":1.3971,"value":279420.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,450,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,450,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,471,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,450,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":48271580,"source":{"system":"sec-edgar","filing":"0001104659-22-104569","document":"tm2227086-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922104569/tm2227086-1_4seq1.xml","form_type":"4"}},{"id":2150033,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-09-28T16:52:26.000Z","date":"2022-09-27","kind":"purchase","acquired":true,"shares":200000,"price":1.3951,"value":279020.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,050,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,050,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,050,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":48071580,"source":{"system":"sec-edgar","filing":"0001104659-22-103747","document":"tm2226782-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922103747/tm2226782-1_4seq1.xml","form_type":"4"}},{"id":2150032,"issuer":{"id":4830,"kind":"organization","name":"Clear Channel Outdoor Holdings, Inc.","symbol":"CCO"},"owners":[{"id":22925,"kind":"organization","name":"ARES MANAGEMENT LLC","position":1,"cik":"0001259313","reported_name":"ARES MANAGEMENT LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22929,"kind":"organization","name":"ASSF IV AIV B Holdings III, L.P.","position":2,"cik":"0001757327","reported_name":"ASSF IV AIV B Holdings III, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22930,"kind":"organization","name":"ASSF IV AIV B, L.P.","position":3,"cik":"0001862592","reported_name":"ASSF IV AIV B, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22928,"kind":"organization","name":"ASSF Operating Manager IV, L.P.","position":4,"cik":"0001683967","reported_name":"ASSF Operating Manager IV, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22932,"kind":"organization","name":"ASOF Holdings I, L.P.","position":5,"cik":"0001793549","reported_name":"ASOF Holdings I, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22931,"kind":"organization","name":"ASOF Investment Management LLC","position":6,"cik":"0001793548","reported_name":"ASOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75524,"kind":"organization","name":"ACOF VI Holdings, L.P.","position":7,"cik":"0001947935","reported_name":"ACOF VI Holdings, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":22926,"kind":"organization","name":"ACOF Investment Management LLC","position":8,"cik":"0001684171","reported_name":"ACOF Investment Management LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock, par value $0.01","published_at":"2022-09-28T16:52:26.000Z","date":"2022-09-26","kind":"purchase","acquired":true,"shares":200000,"price":1.3521,"value":270420.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"shares","element":"transactionShares","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"shares","element":"transactionShares","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"shares","element":"transactionShares","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"shares","element":"transactionShares","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,050,302 shares of Common Stock."},{"field":"shares","element":"transactionShares","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,050,302 shares of Common Stock."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. (\"ASSF IV AIV B Holdings\"), (ii) ASSF IV AIV B, L.P. (\"ASSF IV AIV B\"), (iii) ASSF Operating Manager IV, L.P. (\"ASSF Operating Manager IV\"), (iv) ASOF Holdings I, L.P. (\"ASOF I\"), (v) ASOF Investment Management LLC (\"ASOF Investment Management\"), (vi) ACOF VI Holdings, L.P. (\"ACOF VI\"), (vii) ACOF Investment Management LLC (\"ACOF Investment Management\") (Continued in footnote 2)"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(viii) Ares Management LLC, (ix) Ares Management Holdings L.P. (\"Ares Management Holdings\"), (x) Ares Holdco LLC (\"Ares Holdco\"), (xi) Ares Management Corporation (\"Ares Management\"), (xii) Ares Voting LLC (\"Ares Voting\"), (xiii) Ares Management GP LLC (\"Ares Management GP\") and (xiv) Ares Partners Holdco LLC (\"Ares Partners\") (collectively, the \"Reporting Persons\"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the \"Board Members\"). Mr. Ressler generally has veto authority over Board Members' decisions."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 48,071,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock and (iv) ACOF VI directly holds 9,050,302 shares of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes."}],"balance_after":47871580,"source":{"system":"sec-edgar","filing":"0001104659-22-103747","document":"tm2226782-1_4seq1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1947935/000110465922103747/tm2226782-1_4seq1.xml","form_type":"4"}}]}