The Moodie Davitt Report says that former Clear Channel Outdoor executive Toby Sturek has left Clear Channel Outdoor and is now the EVP – Global Business Development at Airport Food and Beverage Company OTG. Prior to leaving Clear Channel, Sturek was head of one of Clear Channel Outdoor’s seven kingdoms with […]
“Roadside billboards could soon be consigned to history after one of the worlds biggest media owners pulled spending on hundreds of giant posters in Britain”, says an inflammatory and inaccurate first sentence of an article last Sunday in London’s The Times. The Drum was more modulated: “Clear Channel turns its […]
Clear Channel Outdoor’s Toby Sturek used to be the head of one of Clear Channel Outdoor’s seven kingdoms. He carried the title of Regional President, Chicago, Minneapolis, Milwaukee and Clear Channel Airports and appeared on the leadership team page of Clear Channel Outdoor. Sturek is no longer shown on the […]
Clear Channel Outdoor is going through a round of layoffs in Texas. Not a surprise that most of the negative reviews of Clear Channel Outdoor on Glass Door are Texas employees. Downsizing is never good for morale. Insider supposes that revenue is off and the layoffs are necessary to meet cashflow […]
In a recent 8-K filing with the SEC, iHeart Communications, Inc. the commencement of a consent solicitation to seek the consent of holders of its outstanding Senior Notes due 2021 to a proposed amendment to the indenture governing the Notes. The proposed amendment, if adopted, would amend their senior credit […]
Scott Wells, Clear Channel Outdoor’s CEO was interviewed September 8 on All Business with Jeffrey Hayzlett. The interview is 38 minutes long and worth listening to. Here are some brief excerpts. On changes Wells has made at Clear Channel Outdoor: “Our mission is twice as fast is four times […]
Clear Channel Outdoor has sold its Rockford, Illinois plant to Key Outdoor. The transaction was brokered by Max Drachman of Kalilco & Co. Insider talked with Drachman about the sale. How did this transaction come about? Key Outdoor is one of the largest independent Outdoor operators in the Midwest. We […]
Some things Insider heard this week: Clear Channel Outdoor has added management and sales layers. The usual solution for a company struggling with a low margin and financial difficulties is to get leaner, lose layers and the delegate more authority. Clear Channel Outdoor seems to be going the other way. […]
Insider has reported frequently on iHeart Media’s debt problems as they own 90 percent of the equity of publicly traded Clear Channel Outdoor Holdings, the nation’s largest billboard company. Mario Gabelli’s Gamco Asset Management owns 10 percent of the publicly traded shares. Gamco has not been happy with iHeart, owned […]
Campaign reports that Matthew Dearden, Clear Channel Outdoor’s President,Europe has left the company. Dearden joined Clear Channel Outdoor in 2010 and was president of Clear Channel UK prior to accepting the post of President of Clear Channel, Europe. Partick Ugeux, the chief transformation officer at Clear Channel International has also […]
