Yesterday we reported that Clear Channel Outdoor is close to selling Europe. The market was pleased by the news. Clear Channel stock broke higher first thing in the morning and closed the day up 16% to $1.23 while Lamar was up 1%, OUTFRONT was up 0.5% and the S&P 500 […]
The Daily Mail reported Saturday that Clear Channel Outdoor is close to selling the European business to a European private equity firm. The investment banks Deutsche Bank and Moelis have been running an auction of Clear Channel Outdoor’s European business since February. Clear Channel Management has said on numerous occasions […]
Clear Channel Europe is proud to announce that it now has over 11,000 digital Out Of Home (DOOH) screens available across 9 markets on LaunchPAD, Clear Channel’s programmatic platform rolled out in 2021. This milestone achievement makes Clear Channel one of the leading programmatic media owners in Europe based on […]
Billboard Insider has computed US out of home market share figures for 2021. Public out of home companies account for approximately two-thirds of US out of home market share. Lamar controls 25% of US out of home revenues, followed by OUTFRONT at 21% and Clear Channel Outdoor at 17%. The […]
Restructuring charges are one-time expenses that a company recognizes when reorganizing operations. A company separates these expenses out on their financial statement and does not include them when computing cashflow (EBIDTA). Restructuring charges are in theory one-time events but you can see that in the last stages of the William […]
Project Yellow Light was established in 2007 by the family of Hunter Garner to honor his memory after his death in a car crash at age 16. In 2020, seven percent of drivers 15 to 19-years-old involved in fatal crashes were reported as distracted. This age group has the largest […]
The US out of home stocks suffered in the second quarter of 2022 as investors sold on fears that a recession will hurt ad based companies for than the market. The S&P 500 index declined 16% on recession fears. Lamar stock dropped 25% in the second quarter. Outfront declined by […]
Clear Channel Outdoor CEO Scott Wells was bullish on out of home at yesterday’s 50th Cowen Tech, Media and Telecom conference. The big picture The last two weeks we’ve had our US Outdoor conference and the global outdoor conference…the vibe at all of those is really positive. The industry has […]
Houston, TX – May 25, 2022 —The National Center for Missing and Exploited Children, Texas Center for the Missing,Houston’s Amber Alert Provider, and Clear Channel Outdoor (NYSE: CCO) today launched a month long national child safety awareness campaign coinciding with National Missing Children’s Day (May 25). The digital Out-of-Home […]
Here’s a summary of Clear Channel CFO Brian Coleman’s comments at this week’s Barclay’s Leverage Finance conference. All about the US Our emphasis is in the US, and it’s largely in digital…We want to continue to emphasize growth in our US platform…as far as transit goes, for us in the […]
