Tag: Clear Channel Outdoor

Four Things About Clear Channel Outdoor

Here are four things Billboard Insider learned from reading Clear Channel Outdoor’s 2023 10k. Cash goes to interest. Cash interest on debt totaled $404 million in 2023 compared to cashflow (EBIDTA) of $423 million.  With interest expense equal to cashflow, Clear Channel Outdoor has little money to spend on acquisitions […]

Clear Channel Finalizes Details on New $375 Million Term Loan

Clear Channel issued a press release confirming details on a new term loan debt facility through their wholly owned subsidiary, Clear Channel International B.V. (“CCIBV”).   CCIBV closed on the agreement on March 22nd with J.P. Morgan Chase Bank as the agent on the loan facility. Proceeds of the CCIBV Term […]

Scott Wells on Out of Home’s Improving Market Position

European and Latin American sales are moving along but don’t hold your breath over the sale of Clear Channel Outdoor US assets.  Here are the highlights from Clear Channel Outdoor CEO Scott Wells comments at yesterday’s Morgan Stanley Media and Telecom conference. Out of home better positioned today than 5 […]

Clear Channel Outdoor Revenue Up 12% in 4Q 2024

Airports and Europe-North drove a good fourth quarter for Clear Channel Outdoor.  Here are the results of the Clear Channel Outdoor 4Q 2024 earnings release, Clear Channel Outdoor 4Q 2024 Investor Deck and conference call. Revenue increased 12% to $632 million due to increases in airports and Europe-North.  Airports revenue […]

Clear Channel Outdoor’s Agreement with Legion

On January 31, 2024, Clear Channel Outdoor signed a Cooperation Agreement with activist investor and 5.1% shareholder Legion Partners in which it agreed to give a board seat to Legion’s Ted White .  Here are the other terms of the agreement White is added to the company’s board immediately with […]

Clear Channel Adds White to Board of Directors

SAN ANTONIO, Feb. 1, 2024 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced the appointment of Ted White to its Board of Directors (the “Board”) as part of the Company’s Cooperation Agreement with Legion Partners Asset Management, LLC (together with its affiliates, “Legion”). Mr. White will immediately join the Board […]

Clear Channel Outdoor runs Big Brothers Sisters of America Campaign

New York, NY – Clear Channel Outdoor (NYSE: CCO), one of the world’s largest out of home (OOH) media providers, and Big Brothers Sisters of America (BBBSA), the preeminent one-to-one youth mentoring organization in the United States, today announced the launch of a nationwide digital out-of-home (DOOH) media campaign timed […]

OUTFRONT WIns Lawsuit Against San Jose, CA

The San Jose Spotlight reported that Outfront Media won a lawsuit against the city of San Jose after contending that San Jose did not follow proper procedure when they bid out the construction of two digital billboards south of Highway 101 on San Jose Mineta International Airport property. That bid wws […]

Out of Home Stocks Exceed Market in 4Q 2023

Public out of home companies beat the market during the fourth quarter of 2023.  OUTFRONT was up 38% on news that transit ridership is creeping up.  Lamar was up 27%.  Clear Channel Outdoor was up 15% with a sharp improvement after the company reaffirmed fourth quarter revenue guidance (November 8) […]

Billboard Insider’s Top 5 Stories of 2023

Here are Billboard Insider’s 5 most viewed stories during 2023. The most viewed Billboard Insider story during 2023 was our analysis of the purchase of a large block of Clear Channel Outdoor stock by an investor group which includes Artie Moreno and Verde Outdoor… Look Who Bought Clear Channel Outdoor […]