By Jennifer Hurley, Clear Channel Outdoor Not everyone looks forward to their birthday (especially when phrases like “Pushing 40” and “Reaching 50” are the norm) – but brands sure do. They have cause for celebration as their companies have withstood the challenges of the marketplace over many decades, and […]
DALLAS–(BUSINESS WIRE)– Ultravision International, a leading innovator, manufacturer and distributor of LED displays and LED lighting, partnered with Clear Channel Outdoor Americas on an LED installation project that drove significant operating savings. The project included revamping 11,000 display panels in 10 major U.S. cities with LED lights that cut energy consumption by more than […]
Today marks the debut of the Billboard Insider podcast. Our first guest is John Weller, co-publisher of Billboard Insider and a co-owner of Billboard Loans, LLC, an out of home lending fund. John talks about out of home lending, what he thinks of the leverage of Lamar, Outfront and Clear Channel […]
It has been a busy week for Clear Channel Outdoor. Insider ran a story yesterday on the announcement of their new board appointees, who will step in after iHeart Media clears bankruptcy and the two companies separate. The Company also announced a proposed private offering of Senior Subordinated Debt. The press […]
Clear Channel Outdoor Holdings, Inc. announced the members selected to serve on its new Board of Directors when it becomes a standalone company upon iHeartMedia’s emergence from its previously announced restructuring process. Here is a list of the post-emergence board: Ben Moreland (Chair) – W. Benjamin (Ben) Moreland will serve as […]
Media Village has a piece titled: Year of the woman: In Congress, IN hollywood and In OOH. The article cites prominent female OOH leaders – Nancy Flether, Kym Frank and Jodi Senese – and mentions the Billboard Insider list of 362 women OOH executives. Huntington Outdoor’s Jena Powell made the […]
iHeart’s CEO Bob Pittman has newfound skepticism about the synergies of owning radio and out of home. Here’s a snippet of Pittman’s 5 minute Bloomberg Markets interview. He had these comments: “…splitting the outdoor company from the iHeart Media segment, which is primarily audio, allows us to align the company’s […]
Stock market woes hurt US Out of home operators during the 4th quarter of 2018 although Outfront and Lamar outperformed a dismal market. 2018 was the worst year for the stock market since the 2008 financial crisis. On an annualized based the stock market was down 57% during the fourth […]
New York, December 21, 2018 — Moody’s Investors Service (Moody’s) said Lamar Advertising Company’s ratings are unchanged following the acquisition of billboards in five markets located in North Carolina, South Carolina, Georgia and Wisconsin from Fairway Outdoor Advertising for $418.5 million. Pro forma leverage is expected to increase to 4.0x […]
News came out on Friday that Clear Channel Outdoor and iHeartMedia had come to an agreement to separate Clear Channel to an independent stand alone Company, Clear Channel Outdoor Holdings, Inc. Insider spent some time reading through the 8K (which is a fairly short read) and a significant portion of the […]
