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 […]
Clear Channel Outdoor released financials for the fourth quarter of 2016 (3 months ended December 31, 2016). For more details see the 2016 financials and Seeking Alpha Earnings call transcript. Consolidated Clear Channel Outdoor revenue excluding foreign exchange decreased by 6% to $746 million during the fourth quarter of 2016 […]
BizTimes in Milwaukee, WI reports that Clear Channel Outdoor lost an appeal on a challenge to $7.2 million in real estate tax assessments on their 850 billboards. Clear Channel had previously paid the $7.2 million obligation for the years 2009-2013 but had challenged the real estate assessments as invalid arguing […]
As previously announced, on February 9, 2017, the Board of Directors of Clear Channel Outdoor Holdings, Inc. (the “Company”) declared a special cash dividend payable on February 23, 2017 (the “Payment Date”) to Class A and B stockholders of record at the closing of business on February 20, 2017 (the “Record Date”), in an […]
The National Center for Missing & Exploited Children® (NCMEC) and Clear Channel Outdoor Americas – Albuquerque (CCOA) (NYSE: CCO), a subsidiary of iHeartMedia Inc., have launched a new month-long digital billboard campaign across Albuquerque to call attention to Enrique Medel, missing from Albuquerque since March 17, 2011, and who celebrated […]
Insider asked out of home investment banker Jim Johnsen of Johnsen Fretty for an interview. Like any savvy dealmaker, Johnsen turned the tables and asked to interview Insider. Yesterday Johnsen and Insider talked about billboard lending. Today Johnsen and Insider talk about Billboard Insider and Circle City Outdoor. Dave, […]
Clear Channel Airports (CCA), a brand division of Clear Channel Outdoor Americas (CCOA) (NYSE: CCO), and a subsidiary of iHeartMedia Inc., today announced that the City of Santa Barbara has awarded CCA a five year contract with a five year extension option to provide a customized advertising network for Santa […]
