Tag: Clear Channel Outdoor

Protecting your OOH company from employee fraud

Employee fraud can happen to anyone.  Earlier this week a Watchfire Signs employee was convicted of defrauding Watchfire Signs out of $330,000 in 2019.  In 2017 Clear Channel Outdoor took a $10 million charge for accounting fraud in the company’s Chinese subsidiary.  Here are some ways employees can steal from […]

Clear Channel Outdoor Execs Optimistic About Future

Clear Channel Outdoor Americas CEO Scott Wells and CFO Brian Coleman were optimistic about the future in their comments at the 29th Annual Deautsche Bank Leveraged Finance Conference.  The highlights: Wells is optimistic on the future I’m excited about the future of out of home.  I don’t think there’s a […]

Lamar and OUTFRONT Outpace Market in 3Q 2021

Lamar and OUTFRONT outpaced the stock market during the third quarter of 2021.  Lamar up 9.4%, OUTFRONT up 5.2% and Clear Channel was up 0.4% versus  1.6% growth for the S&P 500. Public Stock Market performnce for 3 months ended September 30, 2021.  Lamar (green), OUTFRONT (purple), Clear Channel Outdoor […]

Hivestack and Clear Channel Outdoor Form Programmatic Partnership

New York, New York, Montreal, Canada – September 20, 2021 –  Hivestack, the leading global programmatic digital out of home (DOOH) ad tech company today announced a partnership with Clear Channel Outdoor Americas (CCOA), the U.S. based business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO): one of the world’s […]

What People Are Saying About The Baltimore Tax Case

Clear Channel Outdoor has petitioned the US Supreme Court to hear its challenge of Baltimore’s targeted tax on billboards, which was enacted in 2013. Courts in Maryland ruled in favor of the City; Clear Channel wants the US Supreme Court to take the case (Clear Channel Outdoor v. Henry J. […]

Lamar Increases Dividend 33% to $1.00

Lamar announced a 33% dividend increase to $1.00 per share payable on September 30, 2021. Billboard Insider’s Take:  Yet another signal that Lamar has put Covid in the rear view mirror.  Lamar’s dividend is back to pre-Covid levels.  The payout equates to a 3.5% yield on the company’s common stock […]

US Public OOH Companies Grow Faster Than Economy in 2Q 21

Here’s a comparison of the performance of the public out of home companies versus the US nominal GDP. Quarterly Change in US Public Company out of home revenues versus US Gross Domestic Product Some observations: Link Media and Lamar had the slightest revenue declines and fastest recovery from covid due […]

2 Recent Out of Home Law Enforcement Successes

Insider learned of two situations where Out of Home operators worked with local law enforcement with remarkable results. The first is explained by this letter from the U.S. Dept. of Homeland Security to Clear Channel Outdoor in Clearwater, FL.   The second is a news story involving Outfront Media, New […]

Clear Channel Outdoor Americas At a Glance

Here’s an overview of Clear Channel Outdoor’s 2Q 2021 performance prepared by Paul Wright and Carson Frost at SignValue. SignValue offers billboard valuation and advisory services nationwide.  You can contact SignValue at 480-657-8400 or info@signvalue.com. [wpforms id=”9787″] Paid Advertisement

The Big 3 Are Investing Again

Lamar, OUTFRONT and Clear Channel have accellerated investment plans after tightening the belt during Covid.  OUTFRONT’s Matt Siegel said this about capital spending on last Friday’s earning call: We added 47 new digital boards this quarter and 77 year to date…You’ll probably see an increased pace of capex in the […]