Post Tagged with: "Clear Channel Outdoor"

iHeart and Clear Channel Outdoor May Be Separating

First, the press release. San Antonio, TX, March 15, 2017 – iHeartCommunications, Inc. (“iHeartCommunications”) today commenced private offers (the “Term Loan Offers”) to lenders under the Company’s Term Loan D and Term Loan E facilities (“Existing Term Loans”) to amend the Existing Term Loans and/or exchange them for new term loans of iHeartCommunications (the “New Term Loans”), and new securities (the “New Securities”) of iHeartCommunications, iHeartMedia, Inc. (“iHeartMedia”), CC Outdoor Holdings, Inc. (“CCO Holdings”) and/or Broader Media, LLC (“Broader Media”). […]

by John Weller· · 0 comments · Business

Clear Channel Outdoor Revenue down 6% due to to asset sales.

Clear Channel Outdoor released financials for the fourth quarter of 2016 (3 months ended December 31, 2016).  For more details see the 2016 financials and Seeking Alpha Earnings call transcript.  Consolidated Clear Channel Outdoor revenue excluding foreign exchange decreased by 6% to $746 million during the fourth quarter of 2016 due to outdoor plant sales earlier in the year.  Americas revenue was up 3.1% when adjusted for assets sales which tops Lamar’s acquisition adjusted growth of 2% and Outfront’s acquisition […]

by billboardinsider· · 0 comments · Finance

Appeals Court Upholds CCO Tax Assessments

BizTimes in Milwaukee, WI reports that Clear Channel Outdoor lost an appeal on a challenge to $7.2 million in real estate tax assessments  on their 850 billboards. Clear Channel had previously paid the $7.2 million obligation for the years 2009-2013 but had challenged the real estate assessments as invalid arguing that their billboard permits did not fall under the definition of real property. Insider’s take – Two additional items of note include the state law was changed in 2014 to exclude […]

by John Weller· · 0 comments · Regulations

Clear Channel Outdoor Pays Dividend

As previously announced, on February 9, 2017, the Board of Directors of Clear Channel Outdoor Holdings, Inc. (the “Company”) declared a special cash dividend payable on February 23, 2017 (the “Payment Date”) to Class A and B stockholders of record at the closing of business on February 20, 2017 (the “Record Date”), in an aggregate amount equal to $282.5 million. As of the closing of business on the Record Date, there were 47,300,987 shares of Class A Common Stock and 315,000,000 shares of Class B Common Stock […]

by John Weller· · 0 comments · Finance

Clear Channel Outdoor and National Center for Missing Children Team Up

The National Center for Missing & Exploited Children®  (NCMEC)  and Clear Channel Outdoor Americas – Albuquerque (CCOA) (NYSE: CCO), a subsidiary of iHeartMedia Inc., have launched a new month-long digital billboard campaign across Albuquerque to call attention to Enrique Medel, missing from Albuquerque since March 17, 2011, and who celebrated his 20th birthday on February 12. Beginning today and running for four weeks, CCOA will broadcast Medel’s last seen, and age progression images, on the company’s digital billboards in Albuquerque. […]

by billboardinsider· · 0 comments · Business

Jim Johnsen And Insider Talk Acquisitions

Insider asked out of home investment banker Jim Johnsen of Johnsen Fretty for an interview.  Like any savvy dealmaker, Johnsen turned the tables and asked to interview Insider.   Yesterday Johnsen and Insider talked about billboard lending.  Today Johnsen and Insider talk about Billboard Insider and Circle City Outdoor. Dave, besides being the publisher of Billboard Insider and an active lender, it turns out you are also an operator in the business.   How do you possibly find the time […]

by billboardinsider· · 0 comments · Finance

Clear Channel Outdoor awarded Santa Barbara airport contract.

Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), and a subsidiary of iHeartMedia Inc., today announced that the City of Santa Barbara has awarded CCA a five year contract with a five year extension option to provide a customized advertising network for Santa Barbara Airport (SBA). CCA will help advertisers reach an affluent clientele of nearly 700,000 passengers annually by integrating its comprehensive media program seamlessly into SBA’s new terminal. The new program […]

by billboardinsider· · 0 comments · Business

Use drive by video to market your billboards.

Insider spotted a linked in post by Michael Ritz of Clear Channel outdoor featuring video footage of Clear Channel digital billboards in Palm Beach County.  Privacy settings won’t let us show the video directly on our website but if you click on the screen on the right you can watch the digital footage via Vimeo.  Nice job Michael. Insider thinks more out of home companies should incorporate drive video  in marketing materials.  It’s easy to set up a company account […]

by billboardinsider· · 0 comments · Business

DOJ approves Indianapolis for Atlanta Swap

The Department of Justice has agreed to let Clear Channel Outdoor swap its Indianapolis billboards to Fairway for Fairway’s Atlanta billboards so long as the companies spin off certain billboards.  The transaction is part of a $150 million multiple market asset swap.  The swap was announced in March but was delayed by a Department of Justice concerns that the swap would reduce competition between the two companies in each market. Under terms of the settlement agreement Clear Channel and Fairway […]

by billboardinsider· · 0 comments · Regulations

More on Clear Channel Channel/Rubicon Project And Programmatic

As a follow up to our article last week on the Clear Channel Outdoor /Rubicon Project partnership, Insider had a chance to interview Clear Channel’s Dan Levi, EVP & CMO and Wade Rifkin, SVP Programmatic and learn a little more about programmatic selling and Rubicon Project. Why did CCOA chose to partner with Rubicon Project for their entry into a programmatic OOH buying solution?    When we set out to build a programmatic offering we sat down with our partners and agencies […]

by John Weller· · 0 comments · Digital Signs