As iHeart’s emergence from bankruptcy nears, along with Clear Channel Outdoor’s separation from their parent, Insider saw some details we thought we would pass along from a recent Form S-1 filed with the SEC. Here are a few highlights: iHeart Equity Raise – iHeartMedia has filed to raise $100 million […]
Outfront and Lamar outperformed the market during the first quarter of 2019. Outfront was up 29% during the three months ended March 31, 2019 versus a 13% rise in the S&P 500. Investors were pleased with Outfront’s 12% annualized revenue growth during the last quarter of 2019.. Lamar was up […]
Here’s a simple table comparing Clear Channel Outdoor, Lamar, Outfront and Link Media Outdoor based on 2018 financials and March 2019 valuation. Lamar has the highest cashflow margin and valuation. Clear Channel Outdoor has the highest leverage and the most employees. Outfront has the highest revenue per employee, reflecting big […]
Insider has prepared a table of who spent what kind of capital expenditures during 2018. 2018 Capital Expenditures (in millions) Lamar spent the most money ($593 million) in 2018 due to acquisitions and improvements to existing structures. Lamar also spent $15 million on land acquisitions. Lamar owns the land under […]
Here are five things Insider learned from reading the Clear Channel Outdoor 2018 10-k: IHeart’s looting is about to stop. The 10-k says Clear Channel Outdoor will separate from iHeart Media in the second quarter of 2019. In connection with the spin-off Clear Channel Outdoor will: Cease paying $39 million/year […]
Clear Channel Outdoor announced 4th quarter 2018 results. Here are the results of the earnings release, earnings deck and the seeking alpha earnings call transcript. Consolidated revenue excluding exchange rates increased 5% to $765 million for the fourth quarter of 2018. Americas Outdoor (Clear Channel US and Clear Channel Canada) […]
At yesterday’s Morgan Stanley Technology, Media and Telecom Conference Lamar CEO Sean Reilly referenced two pending purchases: a midwest out of home advertising company and a sizable transaction in Los Angeles which is tied up in litigation. Insider surmises that the LA transaction is Regency Outdoor Advertising. Regency owns billboards […]
San Antonio, TX and New York, NY – February 25, 2019 – Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a subsidiary of iHeartMedia, Inc. (PINK: IHRTQ), announced today that Brian Coleman will become Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. (CCOH) when the company becomes a standalone public company upon iHeartMedia’s […]
Operating an out of home company with a radio group “hurt us” says iHeart’s CEO Bob Pittman on this week’s AdAge Podcast. Here’s how the conversation went Where does spinning off out of home fit in to this? We love the outdoor business as well as the audio business. The […]
The San Antonio Express News says that Clear Channel Outdoor and the city of San Antonio have reached an agreement under which Clear Channel will take down nearly 300 static billboard faces is exchange for approval to convert up to a dozen static billboards to digital. The agreement requires Clear […]
