A Clear Channel Outdoor Blog While commuters sit in traffic, brainstorming a gift that will wow family and not be stashed to the side “return pile,” out-of-home ads deliver. They deliver ideas, they deliver entertainment and they drive to retail. Deloitte said it expects retailers to see holiday sales growth […]
Last Tuesday the Tacoma City Council unanimously passed Resolution 39890 to settle a 20 year billboard dispute in Tacoma, Washington. In 1997 Tacoma amended the sign code to impose a 10 year amortization period for non-conforming billboards. In 2007 Clear Channel began a legal and public relations counterattack (see billboard on […]
iHeart Media announced on Monday it is exploring a sale of a large part of its stake in Clear Channel Outdoor in order to raise capital and buy more time before a looming bankruptcy. There were a number of news outlets reporting but Insider pulled most of their information from the […]
As we daily wander through the endless details of running our businesses, it can become easy to miss the perspective of the wider business and investment community. Insider read an interesting Forbes article that shares a number of significant drivers that are transforming the way we do business and they […]
A late report yesterday shed some detail on what the major lender’s are requesting from iHeart Media in their debt restructuring negotiations. Insider has expected the debt holders would be aggressive and would pursue a significant equity position in both iHeart and Clear Channel Outdoor. Here is what the lender […]
Insider’s last update on iHeart Media debt problems detailed iHeart’s proposal to give junior bondholders and private-equity owners, Bain Capital and Thomas H. Lee Partners, more than 50% of iHeartMedia equity and 30% of what it owns of Clear Channel, with the rest going to senior bondholders and term loan […]
tbo.com reports that the Pasco County Florida commissioners have approved a Clear Channel proposal to take down 28 static billboards in exchange for the right to put up four digital billboards. The digital billboards are scheduled for: US 19 State Road 54 east of Little Road Dale Mabry Highway I-75 […]
Here are the results from Clear Channel Outdoor’s 3rd quarter 2017 financials and earnings call powerpoint. Consolidated revenues decreased 3.6% to $669 million during the 3rd quarter of 2017 due to the sale of assets and the impact of foreign exchange movements. Consolidated cashflow decreased 17.6% to $128.2 million […]
There were several news items at the end of last week indicating that (maybe) there might be some movement on an iHeart Media debt restructure. Total company debt, as of June 30, stood at almost $20.4 billion, mostly from the 2008 leverage-buyout from two Boston-based private-equity firms. Bain Capital and Thomas […]
Clear Channel Outdoor has a much bigger international out of home presence than either Outfront or Lamar. Insider prepared this chart after reviewing the 2016 10-k’s of each company. There are pros and cons to the international out of home business. Pros: Ability to diversify by participating in […]
