Clear Channel Outdoor had a great 3rd quarter 2019 in the US but struggled internationally. Here’s a summary of comments from the company’s senior execs on the 3rd quarter 2019 earnings call. William Eccleshare, CEO, Clear Channel Outdoor Holdings on the China subsidiary’s 19% drop in revenue In the International […]
China problems dragged down Clear Channel Outdoor’s performance during the third quarter of 2019. Here are the results from the earnings release and investor deck. Insider is focusing on the results excluding effects of foreign exchange. Consolidated revenue increased by 0.7% to $668 million during the third quarter of 2019. […]
Lamar revenues and cashflow grew by 9% and 12%, respectively, during the third quarter of 2019. Here are the results from the third quarter 2019 earnings release. Revenue increased 9.4% to $458 million for the third quarter of 2019. Organic revenue adjusted for acquisitions increased 3.4%. Local revenue was up […]
“A noteworthy performance for our company driven by digitization, sales execution and the growing importance of out of home in advertisers’ media mix” was how Outfront CEO introduced third quarter 2019 earnings. Here are the highlights from the third quarter 2019 earnings release and earnings deck. Revenues grew 12% to […]
Rumor has it that private equity fund GTCR has signed an agreement to sell the last remaining Fairway Outdoor markets (Georgia, Alabama, Florida and Kentucky) to Standard Outdoor. Standard Outdoor is a subsidiary of Standard Diversified, the publicly-traded holding company which has investments in out of home, tobacco and insurance. […]
OUTFRONT stock was up 8% for the three months ended September 30, 2019 due to strong revenue growth. Lamar stock was was up 1% for the three months ended September 30, 2019 in line with the Standard and Poors 500. Clear Channel Outdoor stock was down 46% for the three […]
NEW YORK, Sept. 23, 2019 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) announced today that it has acquired 22 large-format static billboards and 16 digital displays in the city of Chicago, Illinois from Total Outdoor. “This tuck-in acquisition strengthens our strong position in Chicago, the third largest DMA in the U.S. and one of our most […]
Mashburn Outdoor has acquired select digital and static Interstate bulletin locations in Atlanta, GA from Tinsley Media. The assets are newly constructed 14′ x 48′ displays on a high traffic section of I-20. Led by Richard Mashburn, Mashburn Outdoor (MOA) has owned and operated over 328 traditional and digital billboard faces throughout the […]
Roswell, GA – September 3, 2019: Link Media Outdoor (“Link”), is pleased to announce the purchase of the outdoor advertising assets of Image Outdoor Advertising, LLC, based in Summersville, WV. Image was founded in 1995 and operates 226 billboard faces on interstates and four lane highways throughout West Virginia. These […]
Clear Channel stock has risen 16% to $2.60 in two days on news that managers and directors are buying shares. Americas CEO Scott Wells, CFO Brian Coleman and Board Member Ben Moreland bought shares two days ago. CFO Brian Coleman and Board Member Andrew Hobson bought shares yesterday. The purchases […]
