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 […]
MINNEAPOLIS (June 12, 2020) — Hennepin Theatre Trust and Clear Channel Outdoor have partnered to celebrate and honor The FAIR School Downtown’s graduating class of 2020 by displaying messages of congratulations on the billboard atop 900 Hennepin in downtown’s Hennepin Theatre District. The messages will be on display throughout June. […]
MINNEAPOLIS (June 9, 2020) — Hennepin Theatre Trust today announced that Art Connects Us, a digital public art installation, has been extended to continue through the end of August. The project is a partnership with Clear Channel Outdoor which features original artwork by Minnesota-based artists presenting images and messages of […]
Which Out of Home company grows revenues faster than expenses? Look at the chart below. Insider computed the change in revenues and expenses for Clear Channel, OUTFRONT and Lamar for the past 7 years. Lamar is the only company which grew revenue faster than expenses. Lamar’s revenues grew 5.8%/year for […]
