Here are the highlights of Clear Channel CFO David Sailer’s comments at this week’s 52nd annual  JP Morgan 2024 Global Technology, Media and Communications Conference.

Clear Channel Outdoor adding account executives

Coming out of COVID we were obviously you know very tough on expenses you know revenue was down and from an AE standpoint you know we lowered the amount of AE’s…We’ve been hiring them back…that is definitely an initiative we are pushing in 2023…

Trying to sell Europe North and Latin America 

We are in negotiations you know for our Europe North segment…as we have more information you know we will definitely come to the table…from a Latin American standpoint we are in talks with several counterparties for those assets…we have counterparties that are interested in…the entire platform you know all four countries and there are also counterparties that are looking at…countries…

Cost savings

When we’re a smaller more US centric company and…as we do the transaction in Europe and Latin America…$30 million of…costs that are mostly attributable to those segments…will come out…

A low tax basis on US assets means US asset sales may not be in the works

We will always entertain anything…but when you think about the US business…we have high leverage but also…we have low basis on a lot of our assets in the US…selling a US asset…is probably not the best course of action…that’s probably not something we’re thinking about…

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