Tag: iHeart

Clear Channel Outdoor – What Might Have Been Is Not What Is

  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 […]

American Tower and Out of Home

American Tower has entered the out of home business with the purchase of RSA in Boston and some Total Outdoor assets in Boston.  Kalil and Company handled the RSA transaction.  PJ Solomon handled the Total transaction.  The company has been low profile about its investments.  No mention of out of […]

iHeart’s Bob Pittman on benefits of splitting radio and out of home.

iHeart’s CEO Bob Pittman has newfound skepticism about the synergies of owning radio and out of home.  Here’s a snippet of Pittman’s 5 minute Bloomberg Markets interview.  He had these comments: “…splitting the outdoor company from the iHeart Media segment, which is primarily audio, allows us to align the company’s […]

Clear Channel organic revenues and cashflow decline.

Here are the highlights from Clear Channel Outdoor’s 4th quarter earnings call,  press release and earnings presentation. Consolidated revenue increased 1% to $729 million during the fourth quarter of 2017.    Organic revenue, adjusted for asset sales and currency fluctuations declined by 0.3%  Americas revenue (North and Latin America) declined […]

Gene Ely’s Advice to Clear Channel Outdoor’s Parent

Insider agrees with Forbes Contributor Gene Ely in Here’s How to Turn iHeart Media Around : “Do radio, just radio, and do it right. Done right, radio alone can be very profitable. Sell off the other businesses that don’t directly support radio, such as Clear Channel Outdoor. Those businesses were acquired, and […]

The Five Top Out of Home Stories in 2017

Here are Billboard Insider’s five top out of home stories in 2017: Scenic Lawsuit Fails.  In October 2016 Scenic America’s attempt to overturn FWHA guidance which permits digital billboards along federal highways was rejected by the Supreme Court which refused to reconsider a US Court of Appeals decision.  This ended […]

Clear Channel Outdoor organic revenue up, cashflow down in 2Q 2017

Clear Channel Outdoor released second quarter 2017 financials yesterday.  Here are the highlights: Consolidated revenue declined 5.1% to $672 million during the second quarter due to assets sales.  Consolidated organic revenues grew 2.3% for $687 million for the second quarter of 2017 after adjusting for foreign exchange and asset sales. […]

Another iHeart Debt Offer Extension

iHeart Media announced yesterday an extension of the date of their private exchange offer from May 26th to June 5th.  Insider reported in April of the Companies decision to move the deadline date for their lenders and bondholders to consider its debt-exchange offer to May 26th.  Now with that date upon them and only […]

Jan Dawson gets it wrong.

Variety columnist Jan Dawson made this comment in a post last week on iHeart Media’s troubles : “Despite operating in two industries in decline — radio and outdoor advertising — iHeart has managed to maintain revenues while improving margins…” Jan needs to look at the data.  Radio is in decline, but not outdoor. […]

iHeart Media Debt Woes

iHeart Media is one of the largest media conglomerates in the United States.  They own 858 radio stations; Premier Networks, the top U.S. radio network; and iHeartRadio, among the nation’s top digital music services.  For those of us more focused on the billboard industry, we know iHeart as the owner […]