Clear Channel Stock increased 14% during the third quarter of 2023 versus a 1.5% decline for the S&P 500.  An investor group which includes Artie Moreno, SunChase (e.g William Pope) and Verde (think Ernie Garcia) bought more shares of Clear Channel Outdoor during the quarter.  At 9/28/23 their investment consisted of 37 million Clear Channel Outdoor shares (7.8% of the stock) worth $60 million.

Lamar declined by 13% versus a 1.5% decline in the S&P 500 after CEO Sean Reilly reduced full year revenue guidance from 4% to 2.5% due to fewer ad renewals and fewer new contracts.

OUTFRONT declined by 34% during the quarter after acknowledging that transit ridership and revenues have been slow to recover from covid.

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