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 […]
Insider is finishing up the 2018 out of home website rankings. Only 5% out of home websites include video. This is marketing mistake. Anyone with a smart phone and a wordpress website can take video, upload it to a free youtube/vimeo page and copy a link into their website. It’s […]
The Female Quotient, an organization to advance gender equality in the workplace, used digital billboards in Las Vegas to highlight the leadership strengths of female executives participating at January’s CES 2018. Clear Channel Outdoor’s Director of Corporate Communications Rainbow Kirby Stearns made the big screen with “My leadership strength […]
Last week Landmark Infrastructure, the publicly-traded investor in tower, solar, wind and outdoor leases and easements announced the signing of an agreement purchase 127 assets in 32 states for $60 million. Closing is scheduled for this week. The press release did specify if any of the new assets were outdoor. […]
