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 grow EBITDA I mean that’s I mean that’s probably the number one focus…the goal is to grow that business…first and foremost is our digital strategy obviously optimizing the capital that we’re spending on our digital boards both on the roadside business and in the airports business

Sailer says the US billboard business has struggled this year while airports is strong.

Roadside has struggled this year and a big part of that has been the national business on roadside…but when you look at airports, national has been very strong.  In the third quarter we were up close to 20%…It’s been a pretty strong premium market all year and and our airports division is more of a premium buy.  When you look at our roadside business our iconic Las Vegas New York type of assets have actually sold pretty

Sailer says prices are rising for premium out of inventory

From a roadside standpoint I’d say a few years ago we were probably driving price on all the inventory now it’s probably more on the premium inventory that we’re really driving price and the non-premium…

Clear Channel Outdoor CFO Brians Coleman says Clear Channel Outdoor would like to get to 4-5 times debt/cashflow some day

Eventually we want to be in a position to have the option to convert to a REIT.  That’s a much lower leverage profile than where we are today – maybe in the four to five times range…

Coleman on Clear Channel Outdoor’s activist shareholders

I think we have a good dialogue with most of our shareholders…there’s been different conversations and I think I would characterize that as being at the end of the day what everybody is saying is that the value of these assets isn’t being fully reflected reflected in the share price I couldn’t agree more…I think the issue is how do you get it to be reflected in the share price.

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