Lamar CEO Sean Reilly was upbeat about the out of home industry at last week’s Goldman Sachs Communicopia Conference. On industry prospects First of all you’ve got an industry that’s in the best place I’ve seen it and I’ve been doing this a long time. The other two big companies […]
Posted by Jennifer Hurley on Sept 3, 2019 Smokey Bear, the face of the longest-running PSA campaign in United States history, turned 75 this August, continuing his legacy of bringing awareness to unwanted, human-caused fires in America. Smokey Bear’s wildfire prevention campaign has had a dramatic impact since its introduction in 1944, […]
Clear Channel stock has risen 16% to $2.60 in two days on news that managers and directors are buying shares. Americas CEO Scott Wells, CFO Brian Coleman and Board Member Ben Moreland bought shares two days ago. CFO Brian Coleman and Board Member Andrew Hobson bought shares yesterday. The purchases […]
Clear Channel execs commented yesterday on the company’s recent capital market activity and prospects. Let’s start with the capital market transactions as provided in their August 13th press release: Issuance of 100 million shares of common stock at $3.50 per share, with the net proceeds from the sale to be […]
There were lots of questions on yesterday’s Clear Channel Outdoor conference call. Here are some of the more interesting comments. Clear Channel Outdoor America CEO Scott Wells dissects 9% US growth We really saw growth across all channels and all product lines. It was a balanced growth quarter. We saw […]
Clear Channel Outdoor’s strong second quarter in the US was hurt by weak results overseas. Here are the highlights from the company’s second quarter earnings release and conference call. Consolidated revenue increased by 1.1% to $719 million during the second quarter of 2019 when adjusted for FX movements. A 9.1% […]
This week’s podcast guest Jim Matalone talks about starting, running and selling Ashby St Outdoor, an out of home company with 1,908 faces in Arkansas, Kansas, Oklahoma and Missouri. Talk about the formation of Ashby Street in 2011. Before Ashby St I had been running Next Media Outdoor which was […]
Clear Channel Outdoor priced its 100 million share stock offering at $3.50 last Friday. That means it will raise $400 million if underwriters exercise their shares. Insider learned three things about Clear Channel Outdoor from the Prospectus. Billboards in the US, Street Furniture abroad. Billboards account for 61% of Americas […]
Everyone wants a billboard to promote their Emmy chances says Hollywood Reporter. Good news for Clear Channel Outdoor, OUTFRONT Media, Ace Outdoor and the other Sunset Strip and LA operators. Space on the Sunset Strip is now worth $75,000-150,000 for 4 weeks. Hold the Hype on autonomous cars says the […]
SAN ANTONIO, July 22, 2019 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (“Clear Channel Outdoor”), one of the world’s largest outdoor advertising companies, today announced that it has commenced an underwritten public offering (the “Offering”) of its common stock. Clear Channel Outdoor is proposing to sell 100 million shares of common stock […]
