Better than JCDecaux but worse than OUTFRONT or Lamar or Link Media was how you could summarize Clear Channel Outdoor’s second quarter 2020. Here are the results from the second quarter 2020 earnings release. Consolidated revenue declined 55% to $315 million during the second quarter of 2020. Americas was down […]
PJ Solomon issued its 2020 advertising trends reports yesterday. Here’s a page from the report summarizing 2020 forecasts for out of home. Industry revenues will be down 15-20% in 2020. OUTFRONT and Clear Channel Outdoor will be hit harder than Lamar because they have more concentration in international, urban, transit […]
New York, New York (July 27, 2020) – Clear Channel Outdoor (CCO) (NYSE: CCO) today announced another industry first as its CCO RADAR suite of solutions now delivers automotive dealers verifiable results that their printed and digital out-of-home (OOH) advertising campaigns drive sales. This technology comes as the wheels begin turning again at auto manufacturers […]
Clear Channel’s private debt offering was a success. The issue was increased from $350 to $375 million. The notes were priced at 6.25%. Closing is scheduled for August 4, 2020. Clear Channel Outdoor stock closed flat on a day when Lamar was up 2%, OUTFRONT was up 2% and the […]
Clear Channel Outdoor Holdings announced that its international subsidiary Clear Channel International B.V. plans to issue $350 million in Senior Secured Notes due 2025 (the “Notes”) in a private placement. The notes will be secured by some international assets but will not have a claim against the company’s North American […]
New York, NY — July 21, 2020— Clear Channel Outdoor (NYSE: CCO), one of the world’s largest Out-of-Home (OOH) advertising companies, and Place Exchange, a leading SSP for programmatic OOH and place-based media, announced a full integration granting digital media buyers access to Clear Channel Outdoor’s digital OOH (DOOH) displays […]
US out of home stocks had an outstanding quarter as traffic rebounded and the economy began to open back up from Covid closures. Clear Channel Outdoor (blue), Lamar (green), OUTFRONT (purple) and S&P 500 (black) stock performance April-June, 2020 Clear Channel Outdoor increased 85% to $1.04 during the quarter versus […]
Constructing a billboard without a permit to block a competitor can lead to massive fines. That’s the lesson of Tennison Brothers v William H Thomas, Jr. Yes, that’s the same William H. Thomas who convinced a judge to throw out the state of Tennessee’s sign rules on a first amendment […]
Insider analyzed the makeup of the boards and the executive/leadership teams of the three public out of home companies (Lamar, OUTFRONT and Clear Channel Outdoor) and here’s what he found. The public US Out of Home companies outperform the S&P 500 in putting women on corporate boards but need more […]
The out of home debt markets have been remarkably resilient during the Covid. Clear Channel just amended its credit agreement to get more flexibility. OUTFRONT did the same in April. Lamar expects to come through the downturn without asking for any covenants amendments from its lenders and it raised $400 […]
