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 […]
Lamar and OUTFRONT outperformed and Clear Channel underperformed the stock market for the 3 months ended June 2018. Take a look at this chart. Lamar and Outfront were up 7.4% and 4.3%, respectively for the three months ended June 2018 while the S&P 500 was up only 2.9% for the […]
June 28, 2018 New York, New York – Mayor Tim Keller and Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), a subsidiary of iHeartMedia Inc., today announced that the City of Albuquerque has chosen Clear Channel Outdoor’s digital billboard network to display real-time emergency alerts throughout the metropolitan area. The new […]
Cleveland, Ohio — Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), an indirect subsidiary of iHeartMedia Inc., announced today that its long-time partner, City of Cleveland, through a competitive RFP process, awarded CCA a 10-year contract to continue growing revenues via an innovative […]
By Rainbow Kirby, Clear Channel Outdoor Step outside, and look up as you stroll through your neighborhood. You may just have a special message waiting for you, especially if you have social cred and influence. This summer, Adidas is showing the love to their family of brand ambassadors in LA […]
Clear Channel Outdoor has signed a new $75 million credit agreement with Deutsche Bank and other lenders to replace an existing $75 million credit line which was expiring in August. The terms include: A borrowing base equal to 85% of eligible accounts receivable borrowing rate equal to fed funds plus […]
By Dan Levi EVP-CMO, Clear Channel Outdoor. Five years ago, the idea of an out of home (OOH) media platform that could deliver audience insights to help marketers plan and measure the efficacy of their OOH campaigns was unknown. There was a shared goal of more closely integrating digital and […]
Insider compiled a list of the highest paid public company out of home execs. Any surprises? Insider also compiled a list of Board of Director Salaries at each public out of home company. There seems to be a troubling inverse relationship between a company’s stock performance/financial metrics and outside board […]
