Insider wrote last week about Clear Channel and their announcement of a “shareholder rights plan” . Seeking Alpha and Reuters followed up with pieces on valuation problems with some recent bond offerings. Since March 24, the day after the Fed announced its unprecedented stimulus programs, 23 companies borrowed money in […]
With everything that’s happening in the world today, it’s nice to spread some joy and happiness with your neighbors. This is exactly what San Francisco-based fintech company Brex has done with its OOH contribution to the #RainbowHunt. On May 7th, Brex began releasing artwork made by employee’s children on its […]
The Maryland Court of Appeals will review a challenge to Baltimore’s Billboard tax. Clear Channel Outdoor has asked courts to overturn a tax at the rate of $15 per square foot for digital billboards and $5 per square foot on other billboards. Clear Channel Outdoor says the tax is constitutionally […]
Clear Channel Outdoor has brought together the media operators of 13 of Times Square’s most iconic digital billboards in partnership with iHeartMedia and Robin Hood for a virtual star-studded telethon that took place last night. OOH media operators including Barclays, Branded Cities, New Tradition, Outfront and Silvercast all donated prime […]
Here’s what Clear Channel Outdoor executives said about expense cuts, selling Latin America or Europe and the future on yesterday’s first quarter 2020 earnings call. Worldwide CEO William Eccleshare on Expense Cuts We are targeting over a $100 million reduction in operating costs in Q2 and at least $25 million […]
Clear Channel Outdoor announced first quarter 2020 financials yesterday. Consolidated revenue was down 6% as increased revenues in the US were offset by declining revenues in Europe and China. Cashflow declined 46% due to losses in Europe and China as well as increased corporate overhead. Here’s a summary of the […]
SAN ANTONIO, April 28, 2020 /PRNewswire/ — Clear Channel OutdoorHoldings, Inc. (NYSE: CCO) (the “Company”), today announced that Clear Channel KNR Neth Antilles N.C., an indirect wholly owned subsidiary of the Company, has tendered its shares representing the Company’s 50.91% stake in Clear Media Limited (“Clear Media”), an indirect, non-wholly owned […]
“Sunlight is the best disinfectant.” William O. Douglas. Two tables below. The first table shows the 2019 stock performance of OUTFRONT (up 47%), Lamar (up 29%), the S&P 500 (up 29%) and Clear Channel Outdoor (down 43%). The second table shows the 2019 compensation of Lamar, OUTFRONT and Clear Channel […]
Clear Channel Outdoor has launched a new campaign in response to the ongoing COVID-19 crisis – local businesses across the country have joined together in a campaign to help them remain open and offer essential products and services to the community – #OpenForBusiness. The initiative uses digital billboards throughout the […]
It’s proxy season. Insider reads these dreary documents so you don’t have to. Three things from Clear Channel Outdoor’s 2020 proxy statement. The board: 33% women and 89% outsiders. Women account for 33% or 3 of the company’s 9 board seats versus an average of 25% of board seats for […]
