With iHeartMedia now in bankruptcy and much speculation on the eventual fate of Clear Channel Outdoor, Insider caught up with Max Drachman, V.P. at Kalil & Co., to get his thoughts on the possibilities. Max, there has been a lot of early speculation about what happens to Clear Channel Outdoor. […]
Insider provides this excerpt from a press release from early this morning Thu March 15, 2018 12:47 AM|Business Wire iHeartMedia, Inc. (IHRT) and Certain Subsidiaries Voluntarily Commence Chapter 11 Proceedings to Implement Agreed Upon Balance Sheet Restructuring Day-to-Day Operations Will Continue as Usual During Restructuring Process Clear Channel Outdoor Holdings, Inc. (CCO) […]
By Nicole Randall OAAA Communications Director This month, OAAA spotlights the Innovations Committee, asking members, “If you could snap your fingers to change one technology-related thing in the OOH industry, what would you change today and why?” Kevin Bartanian, EVP Sales & Business Development, StandardVision I would have all creative for […]
Lamar has outperformed the S&P 500, the S&P Media Index and the REIT Index over the past four years. Outfront and Clear Channel Outdoor have underperformed over the same time frame. Lamar is blue, Outfront is purple and Clear Channel Outdoor is yellow in the chart below. Source of Chart: […]
Since details are moving very quickly on Clear Channel Outdoor’s parent company iHeartMedia, Inc., Insider wanted to provide a couple of updates of interest before the weekend. In two separate 8-K Filings, iHeart Media shared: The Board of Directors has elected not to make interest payments due on March 1, 2018 […]
Liberty Media, who has a broad range of media and entertainment interests that include SiriusXM and the Atlanta Braves, have entered the iHeart Media sweepstakes as a potential investor. Liberty has offered a term sheet to certain key lenders and note holders of iHeart to buy a 40 percent stake […]
High-impact digital and printed advertising program reaches business and leisure travelers at Long Beach Airport. (Photo: Business Wire) LONG BEACH, Calif.–(BUSINESS WIRE)–Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), and a subsidiary of iHeartMedia Inc., today announced it was awarded a five-year contract expansion with city-owned Long […]
In an SEC 8-K filing dated February 9th, it appears that iHeart Communications and the Lender group, representing $20 billion in debt, may be very close to a deal. The filing indicated that on February 8th, the Lender group provided to iHeart the following term sheet which includes: A Pre-packaged/Pre-arranged […]
Various news sites reported yesterday that iHeartCommunications failed to make a $106 million interest payment to holders of its 14% senior unsecured notes with a 2021 maturity date. The interest payment was due on February 1st. Insider would more likely describe that iHeart “chose” to miss the payment rather than […]
Clear Channel Outdoor (CCO) (NYSE: CCO), a subsidiary of iHeartMedia Inc., today announced the appointment of Dan Ballard to Branch President of its Minneapolis division. Ballard will report to Paul Corvino, Midwest Regional President of Clear Channel Outdoor. In his new role, Ballard will provide leadership in all areas of […]
