On yesterday’s earnings call William Eccleshare announced a succession plan under which he will transition the Clear Channel Worldwide CEO Position to Scott Wells effective January 3, 2022: With the business showing clear signs of recovery I have decided that now is the right time to implement our succession plan […]
Clear Channel announced better than expected financials yesterday. Here’s a summary from the CCO 2Q 21 earnings release, earnings deck and conference call. Revenue increased by 69% to $531 million during the second quarter of 2021. Americas revenue grew 36% during the second quarter of 2021, due to digital billboard growth. […]
Netflix is making a splash in Times Square for its Outer Banks Season 2 premier. Today Netflix will stun visitors as the first advertiser in Times Square to employ anamorphic illusion technology in a digital out-of-home (OOH) campaign. As advertisers seek new ways to breakthrough and connect with consumers, […]
A reader writes “we have seen a greater than average amount of advertisers slow paying or not paying their bills. Last month we did not hit our 93% collection budget. We also have more in 60-90+ than we have in a long time. I wonder if other companies are seeing […]
New York, New York—Today in a coast-to-coast kick off to National Summer Learning Week (July 12-16), the National Summer Learning Association (NSLA), the nation’s only organization dedicated solely to ensuring accessible learning opportunities for children, took over all Clear Channel Outdoor nationwide digital billboard displays, featuring the Game Builder Garage […]
US out of home stocks beat the market during the second quarter of 2021. Clear Channel Outdoor increased by 40% during the second quarter of 2021 versus a 7% increase for the Standard and Poor 500. Clear Channel stock is more volatile than the other out of home companies because […]
Here is Billboard Insiders’ 2021 list of the top 20 US out of home companies ranked by bulletin and poster faces. We’ve updated the list through July 6, 2021. On Thursday we will publish a list of 427 US out of home companies ranked by bulletin and poster faces. Four […]
Houston, TX – May 25, 2021 — Texas Center for the Missing, Houston’s Amber Alert Provider, The National Center for Missing and Exploited Children and Clear Channel Outdoor Americas (CCOA) launched a new month-long effort across Texas to generate leads in four individual missing children’s cases in Houston, San Antonio, […]
Anna Bager moderated a CEO panel at yesterday’s OAAA/Geopath conference. Some of the highlights. Lamar Advertising CEO Sean Reilly on the resilience of billboards. Since this time last year I have consistently underestimated our ability to come back. This time last year we were all drawing down our revolvers…things exploded […]
Here are 7 takeaways from day one of the OAAA/Geopath 2021 conference. (1) The recovery is occurring faster than expected, says Sean Reilly, CEO, Lamar Advertising (2) “We learned how to sell other verticals,” Scott Wells, CEO, Clear Channel America on selling during covid. (3) “Covid brought new brands” to […]
