June 08, 2017 06:45 AM Eastern Daylight Time SAN ANTONIO–(BUSINESS WIRE)–iHeartCommunications, Inc. (“iHeartCommunications”) today announced that it is extending the private offers (the “Exchange Offers”) to holders of certain series of iHeartCommunications’ outstanding debt securities (the “Existing Notes”) to exchange the Existing Notes for new securities (the “New Securities”) of […]
The out of home advertising business came up on NPR’s How I Built This podcast featuring Blake Mycoskie. Mycoskie is a serial entrepreneur who made money putting up wallscapes in Nashville and Dallas before selling to Clear Channel Outdoor. While telling his story Mycoskie gives tips on seizing an opportunity, […]
iHeart Media announced yesterday an extension of the date of their private exchange offer from May 26th to June 5th. Insider reported in April of the Companies decision to move the deadline date for their lenders and bondholders to consider its debt-exchange offer to May 26th. Now with that date upon them and only […]
Clear Channel Outdoor released 1Q 2017 financials yesterday. Revenue and cashflow declined, Here are links to the Seeking Alpha earnings call transcript and the first quarter investor powerpoint. Insider’s analysis focuses on Clear Channel Outdoor Americas, which includes the company’s North American billboards. Americas Outdoor Revenue declined by $3 million […]
Reuters reported on Friday the 21st that a group of iHeartMedia lenders have signed a cooperation agreement to oppose the debt overhaul of the largest owner of U.S. radio stations and the parent company of Clear Channel Outdoor. Insider has previously reported on iHeart and their proposed debt swap. The proposal […]
Did you know that it’s trespass to fail to remove a billboard when your lease expires? That’s the point of Loukas v Clear Channel Outdoor. Clear Channel Outdoor leased a billboard in Chicago from Loukas, Inc from 1990 to 2012. In 2012 the lease expired. Clear Channel Outoor refused to […]
US Out of home stocks outperformed the market during the first quarter of 2017. A portfolio of the three public US outdoor companies (Clear Channel Outdoor, Lamar Advertising and Outfront Media) increased by 16% per annum during the first quarter of 2017 (3 months ended March 31, 2017) well above […]
Insider visited the land of cactus, Kalil, Clear Channel and Advision this week. First stop, Kalil and Co to see Max Drachman and Kalil’s out of home and media investment banking team. It’s a rare day when these nomadic investment bankers are in the same room. Pictured below left […]
Insider has previously reported on a proposed two year pilot program to test digital billboards in St. John’s County. Staugustime.com reported yesterday that Clear Channel withdrew its bid for the digital billboards program along Interstate 95. The County Administrator indicated that Clear Channel determined it would be a “better strategy” to […]
First, the press release. San Antonio, TX, March 15, 2017 – iHeartCommunications, Inc. (“iHeartCommunications”) today commenced private offers (the “Term Loan Offers”) to lenders under the Company’s Term Loan D and Term Loan E facilities (“Existing Term Loans”) to amend the Existing Term Loans and/or exchange them for new term […]
