Washington D.C., Sept. 28, 2023 — The Securities and Exchange Commission today announced that Clear Channel Outdoor Holdings Inc. agreed to pay more than $26 million to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA). The […]
Watchfire Signs has sued Cree, Inc for replacement costs and punitive damages relating to faulty LED bulbs sold to Watchfire. In its complaint Watchfire alleges: From April 2017 to March 2018 Cree provided Watchfire with LED bulbs with a significant failure rate. Cree agreed to provide Watchfire with a $1.1 […]
A chinese out of home firm is laying off 10% of its workforce in response to the coronavirus. Deal Street Asia reports that Xinchao Media, which places ads in and near elevators and escalators, laid off 500 workers. When people aren’t commuting to work they aren’t seeing ads. The company’s […]
William Eccleshare talked about Clear Channel Outdoor’s growth prospects, plans to reduce leverage and China at the Morgan Stanley Technology, Media and Telecom Conference this week. A selection of his comments. On out of home’s growth prospects. We see outdoor as being a GDP plus performer…Nothing that I can see…in […]
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 Outdoor priced its 100 million share stock offering at $3.50 last Friday. That means it will raise $400 million if underwriters exercise their shares. Insider learned three things about Clear Channel Outdoor from the Prospectus. Billboards in the US, Street Furniture abroad. Billboards account for 61% of Americas […]
