by Dan Levi, CMO of Clear Channel Outdoor If you’re like me, the holidays are a time to reflect on the year that was and consider what you might do to make the new year just a bit better, whether it’s for your loved ones, your friends or […]
Tag: Clear Channel Outdoor
Clear Channel Stock Rising After Ares Announcement
Clear Channel stock is up 28% since Ares Management disclosed a 7% ownership position in the company on January 18, 2023. Ares Management is a publicly-traded investment fund which was formed in 1997 to make alternative investments. It has $341 billion in assets under management. Billboard Insider’s take: Ares is […]
Lamar and OUTFRONT Up and Clear Channel Outdoor Down in 4Q 2022
Lamar and OUTFRONT outperformed the market during the fourth quarter of 2022 while Clear Channel Outdoor lagged. Lamar was up 14%, OUTFRONT was up 10%, the S&P 500 was up 7% and Clear Channel Outdoor declined 23%. Delays in the sale of Clear Channel Europe and concerns about how a […]
3 Things About Clear Channel Outdoor’s Switzerland Sale
Three things about the $93 million Clear Channel Switzerland sale which was announced yesterday. The price is OK. The sale price of 9.75 times segment cashflow is OK. For a wide variety of out of home transactions, Billboard Insider assumes 10 times segment cashflow as an average price. More than […]
Clear Channel Outdoor Sells Switzerland Assets for $92 million
SAN ANTONIO, Dec. 22, 2022 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) today announced it has entered into a definitive agreement to sell its business in Switzerland to Goldbach Group AG, an affiliate of TX Group AG, for CHF 86.0 million, or US$ 92.7 million1. The Company’s Swiss business […]
Brian Coleman on Clear Channel Liquidity, the Europe Sale and Target Leverage
Here are the highlights on Clear Channel Outdoor CFO Brian Coleman’s comments at the B of A Leverage Finance 2022 conference this week. Is Clear Channel Outdoor positioned for slower growth? I think we’re well positioned…The business…really isn’t seeing a slowdown…things look pretty good…We feel good about our liquidity position […]
SignValue’s Clear Channel Outdoor at a Glance – Q3 2022
SignValue has prepared an infographic summarizing Clear Channel Outdoor’s 3Q 2022 performance. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400. [wpforms id=”9787″] Paid Advertisement
Clear Channel Americas Revenue up 8.6% in Q3 2022
“Our third quarter results were at the high end of the revenue guidance we provided” was how Clear Channel Outdoor CEO Scott Wells led of the company’s earnings call. Here are the results of the Clear Channel Outdoor 3Q22 earnings release, 3Q 22 investor deck and conference call. Clear Channel Outdoor […]
USO and Clear Channel Team for Holiday Digital Billboard Ad Campaign
Arlington, Va. (Nov. 1, 2022) – Throughout November, Clear Channel Outdoor Americas (CCOA) (NYSE: CCO) and the United Service Organizations (USO)—America’s leading nonprofit organization supporting service members and their families—will partner on a nationwide digital Out-of-Home (DOOH) media campaign that encourages the public to support deployed service members during the […]
Three Problems with Keeping Clear Channel Europe
Clear Channel Outdoor has failed to sell their European assets. Clear Channel execs say that they may try to sell certain pieces. There are three problems with keeping Europe. First, Clear Channel Europe operates at lower margins. Look at this table which compares the segment cashflow (e.g. segment cashflow prior […]
