Who would think that the management of a major public out of home company would celebrate a 35% revenue decline but COVID has changed everyone’s perspective. Here are comments of Clear Channel Outdoor Worldwide CEO William Eccleshare and CFO Brian Coleman on last Friday’s earnings call. William Eccleshare on the […]
Here’s what Clear Channel Outdoor executives said about expense cuts, selling Latin America or Europe and the future on yesterday’s first quarter 2020 earnings call. Worldwide CEO William Eccleshare on Expense Cuts We are targeting over a $100 million reduction in operating costs in Q2 and at least $25 million […]
Clear Channel Outdoor announced first quarter 2020 financials yesterday. Consolidated revenue was down 6% as increased revenues in the US were offset by declining revenues in Europe and China. Cashflow declined 46% due to losses in Europe and China as well as increased corporate overhead. Here’s a summary of the […]
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 […]
Clear Channel CFO Brian Coleman talked this week at the Deutsche Bank 2019 Leveraged Finance Conference on steps he’s taken to fix Clear Channel Outdoor’s balance sheet, the company’s problems in China and whether Los Angeles will permit more digital billboards. On fixing the balance sheet. Out of the box […]
Clear Channel execs commented yesterday on the company’s recent capital market activity and prospects. Let’s start with the capital market transactions as provided in their August 13th press release: Issuance of 100 million shares of common stock at $3.50 per share, with the net proceeds from the sale to be […]
There were lots of questions on yesterday’s Clear Channel Outdoor conference call. Here are some of the more interesting comments. Clear Channel Outdoor America CEO Scott Wells dissects 9% US growth We really saw growth across all channels and all product lines. It was a balanced growth quarter. We saw […]
San Antonio, TX and New York, NY – February 25, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (PINK: IHRTQ), announced today that Brian Coleman will become Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. (CCOH) when the company becomes a standalone public company upon iHeartMedia’s […]
Clear Channel announced first quarter 2018 earnings yesterday. Here’s a summary of the earnings release, slide presentation and seeking alpha transcript. Consolidated revenue increased 9.9% to $598 million due to international sales growth and the impact of foreign exchange movements. Americas revenue (US and Canada) declined 1.7% to $256 million […]
