Public out of home companies beat the market during the fourth quarter of 2023. OUTFRONT was up 38% on news that transit ridership is creeping up. Lamar was up 27%. Clear Channel Outdoor was up 15% with a sharp improvement after the company reaffirmed fourth quarter revenue guidance (November 8) […]
Here are Billboard Insider’s 5 most viewed stories during 2023. The most viewed Billboard Insider story during 2023 was our analysis of the purchase of a large block of Clear Channel Outdoor stock by an investor group which includes Artie Moreno and Verde Outdoor… Look Who Bought Clear Channel Outdoor […]
After reviewing Billboard Insider’s 10 year financial analysis of Lamar, OUTFRONT and Clear Channel Outdoor, out of home investment banker Jim Johnsen writes, “Thanks for interesting analysis Dave. How about looking at an ROA and an ROE statistic as well as Free cash flow per share? That would give us […]
David Sailer to Assume Role effective March 1, 2024 Brian Coleman to Transition to Consultant Role Focused on Strengthening Company’s Balance Sheet Company Reaffirms Guidance for the Fourth Quarter and Fiscal Year of 2023 SAN ANTONIO, Dec. 19, 2023 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced that David Sailer, currently the Executive […]
Clear Channel Outdoor stock finished at $1.66 Friday, down from $10.59 ten years ago. Over the past decade almost everything that could go wrong did. Bad ownership. Bad overseas assets. No one watching expenses. Covid. iHeart’s looting One of the first things that you’ll notice is that revenues and […]
Moorgate Capital Partners has compiled an interesting table showing the public OOH company M&A activity from 2019 to 2023. Some Billboard Insider observations. Acquisitions have slowed dramatically at the public out of home companies. They closed only $163 million in acquisitions during the first 9 months of 2023, down from […]
Out of home investor Arte Moreno has purchased 14 million more shares of Clear Channel Outdoor stock according to a schedule 13D’s filed with the SEC. As of yesterday the group owned 10.6% of Clear Channel Outdoor’s common stock with a total investment value of $76 million based on yesterdays […]
Moorgate Capital Partners has analyzed out of home leverage and cost of debt trends thru September 2023. Some chart’s in Moorgate’s report caught Billboard Insider’s eye. Weighted average debt costs have increased at the public out of home companies over the past two years although the rise has slowed during […]
Clear Channel Outdoor CEO Scott Wells appeared at the Wells Fargo TMT Summit this week. A selection of his comments. Clear Channel’s San Francisco market is showing signs of life The end of summer was not particularly robust but people are spending now. I think that the completion of the […]
Clear Channel Outdoor CFO Brian Coleman and Clear Channel Outdoor Americas CFO David Sailer appeared at the Bank of America Leveraged Securities Finance Conference this week. Some of their remarks: Clear Channel Outdoor Americas CFO David Sailer on Clear Channel Outdoor’s US business I’d say the first priority is to […]
