Tag: Scott Wells

Scott Wells on Out of Home’s Improving Market Position

European and Latin American sales are moving along but don’t hold your breath over the sale of Clear Channel Outdoor US assets.  Here are the highlights from Clear Channel Outdoor CEO Scott Wells comments at yesterday’s Morgan Stanley Media and Telecom conference. Out of home better positioned today than 5 […]

Clear Channel Outdoor Revenue Up 12% in 4Q 2024

Airports and Europe-North drove a good fourth quarter for Clear Channel Outdoor.  Here are the results of the Clear Channel Outdoor 4Q 2024 earnings release, Clear Channel Outdoor 4Q 2024 Investor Deck and conference call. Revenue increased 12% to $632 million due to increases in airports and Europe-North.  Airports revenue […]

Scott Wells Will Be Glad to See Interest Rates Fall

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 Consolidated Revenue Up 2.7% in 3Q 23

Clear Channel Outdoor third quarter 2023 results can be summarized as US billboards down, everything else up.  Here are the results of the Clear Channel Outdoor 3Q 23 earnings release, Clear Channel Outdoor 3Q 23 investor presentation and conference call. Consolidated third quarter revenue grew 2.7% to $517 million.  US […]

Scott Wells on What’s Up and What’s Down at Clear Channel Outdoor

Clear Channel Outdoor CEO Scott Wells and CFO Brian Coleman appeared last week at the Cit 2023 Technology Conference.  Here are the highlights. Wells says European asset sales won’t reduce leverage We would love for these to be deleveraging transactions but when you have a debt multiple like we do […]

Clear Channel Outdoor Revenue Down 1% in Second Quarter 2023

Airports recovering.  Billboards and northern Europe ho-hum.  Southern Europe underperforming and on the way out.  That’s how you can summarize the results of Clear Channel Outdoor’s 2Q 2023 earnings release, 2Q 2023 investor deck and conference call. Consolidated revenue declined by 1% to $637 million due to reductions in the […]

Who Makes What at the Public Out of Home Companies

Here’s Billboard Insider’s list of who makes what at the public out of home companies.  We computed the list based on total compensation in each company’s 2022 14A proxy statement. Three observations: Everyone except Reilly and Wells is down All the execs except Sean Reilly and Scott Wells had pay […]

Scott Wells on Assets Sales and Digital Billboard Conversions

Clear Channel Outdoor CEO Scott Wells appeared that the TD Cowen 51st annual technology, media and telecom conference this week.  A selection of his comments. Expect More Asset Sales We’re definitely not done…We need to exit Europe in a reasonable time frame to become a REIT.  Nothing has changed…It became […]

Clear Channel Outdoor Americas Revenue Down 1% in 1Q 23

Clear Channel Outdoor Revenue grew but cashflow (adjusted EBIDTA) declined during the first quarter of 2023. Here are the results of the Clear Channel Outdoor 1Q 23 earnings release, investor deck and conference call. Consolidated revenue excluding FX grew 7% to $545 million as growth in the company’s European operations […]

What the Public US Out of Home CEO’s are Thinking

Here’s a selection of comments by Lamar CEO Sean Reilly, OUTFRONT CEO Jeremy Male and Clear Channel Outdoor CEO Scott Wells at the 2023 OAAA Geopath Show CEO panel. Scott Wells says the first quarter is slow but next year looks OK Things slowed down toward the end of last […]