A good out of home management team grows revenues faster than expenses. An additional dollar of revenue doesn’t add an additional dollar of expense because you’re able to leverage your people and plant. You may have sales commissions (10-20% of collections) and increased lease costs (if you’ve got a % […]
Clear Channel Outdoor’s RADAR system uses mobile data to assist in out of home buying. Channel Outdoor CFO Rich Bressler spoke favorably about RADAR on this week’s earnings conference call: “By leveraging our aggregated and anonymized mobile location data, RADAR has achieved impressive results for both national and local brand […]
Kalamazoo, MI – – Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), an indirect subsidiary of iHeartMedia Inc., today announced it won a five-year renewal with an option to extend for an additional five years, with Kalamazoo/Battle Creek International Airport (AZO) to provide brands with innovative advertising solutions. The […]
Clear Channel Outdoor revenues and cashflow grew for the second quarter of 2018. Here are links to the second quarter earnings release and conference call powerpoint. Americas revenue (North America) declined 0.1% to $300 million. Americas revenue grew 2.1%, however, when adjusted for divestitures. Growth resulted from higher digital and […]
Clear Channel Outdoor is seeking a Regional President Midwest to oversee the company’s Chicago, Minneapolis and Wisconsin markets. Former Regional President Midwest Paul Corvino accepted a job as Region President at iHeart Media Detroit earlier this month. Corvino has been in his position at Clear Channel Outdoor since September […]
With permission from Dealer Marketing Magazine By Sarah Garonce, Senior Director, Research & Insights at Clear Channel Outdoor Out-of-home advertising reimagines how auto marketers can more effectively engage with consumers along the path to purchase The auto industry is harnessing new technologies, giving drivers experiences they’ve only dreamed about. The same […]
New York, NY – Clear Channel Outdoor (CCO) (NYSE: CCO), an indirect subsidiary of iHeartMedia Inc., today announced it tapped international media sales and marketing veteran Jim Campbell to lead its New York market operations. As the new CCO-New York president, where the company’s Out-of-Home (OOH) assets reach 93 percent […]
Insider thought it might be time for a quick update on the iHeart Media bankruptcy proceedings so here is our latest take. Liberty Media, the majority owner of Sirius XM Holdings (NASDAQ SIRI), had a high level of interest looking to purchase a 40% interest in iHeartMedia for $1.16 Billion. Liberty […]
Baton Rouge, LA – July 2, 2018 – Lamar Advertising Company (Nasdaq: LAMR), one of the largest out of home media companies in the world, is teaming up with Wieden+Kennedy, OMA, Clear Channel Outdoor and Wow Media as part of a dynamic digital billboard campaign using real-time flight data to […]
Clear Channel Outdoor continues to challenge Baltimore’s billboard tax as a violation of the First Amendment. In February, a Maryland Tax Court judge upheld Baltimore’s tax, rejecting Clear Channel’s constitutional claims. On June 29, Clear Channel filed a 35-page brief supporting its appeal to a Maryland circuit court. “The Tax […]
