Here’s a selection of Clear Channel CFO David Sailer’s comments at the TD Cowen Tech, Media and Telecom Conference yesterday.

Problems in San Francisco

I mean everyone was watching the news.  It wasn’t good and our shelter business is in the city center and that really hurt us.  It was down you know every quarter…back in… 22…San Francisco was our #2 market…it’s not gonna come back the way it was that quickly.  It’s going to take time and there is still softness in the city of San Francisco from a national standpoint in 2023….The advertisers didn’t want to be a part of…the news story that was going…

Clear Channel Expects to grow faster than the US economy

We always talk about this business…as a GDP plus type of business…

New Digital Billboards

We we’ve targeted roughly you know 90 to 100 digitals a year… I think we put in about 116 was a little bit higher last year.

Liquidity is good.

We ended the third quarter third quarter the first quarter at 193 million of cash we had just about an equal amount of credit line availability so our liquidity was a little bit less than 400 million so definitely comfortable from that standpoint

Tax issues may make it unattractive to sell US assets

We have wonderful assets, great markets… folks would love to buy them but in the US right now our tax basis is really low…we can definitely get a good multiple…but I think the hit we would take from Uncle Sam is gonna kind of level the playing field… at the end of the day what you’re paying in taxes might not do the job…

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