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 […]
NEW YORK–(BUSINESS WIRE)–iHeartMedia Inc., the media and entertainment company with the largest reach of any radio or TV outlet in America, staked its claim to the New York skyline with its new presence on one of the city’s most iconic billboards, high atop the old Ruppert Ice House, overlooking the […]
In March 2016 Insider wrote that Clear Channel Outdoor was going to swap its Indianapolis assets to Fairway Outdoor for Fairway’s Atlanta assets and some cash. Insider was surprised to see Clear Channel Outdoor tage all over billboards when he visited Indianapolis this week. Clear Channel Outdoor’s website also shows the […]
iHeartMedia has reached an impasse on talks with some of its creditors. Since winning a court judgement in May, the broadcaster has been trying to reach an agreement on how to restructure some $21 billion in debt. The company has told the Securities and Exchange Commission its assessing whether to […]
The Wall Street Journal recently ran an an article on the life of Jean-Claude Decaux. The article talks about how Decaux found a way around what at that time were a limited supply of good places to affix advertising. He created more of them: Over the past 50 years, his […]
Barcelona, Spain (June 6, 2016) – Matthew Dearden, Clear Channel Outdoor’s President, Europe, has been appointed President of FEPE International, the worldwide association of outdoor advertising companies. The news was announced at the 57th FEPE Congress in Barcelona by the current FEPE President, Antonio Vincenti. In his new role […]
