Insider has previously reported on Clear Channel Outdoor’s parent company iHeartMedia and their attempts to resolve a dispute with one of their lending groups. iHeart has a May trial date set to try and block a group of lenders from declaring a default on more than $3 billion in loans. […]
Tag: Clear Channel Outdoor
Clear Channel Outdoor Performs Better Than Expected
Clear Channel Outdoor Holdings released first quarter 2016 financials yesterday. Here are the highlights. Total Revenues increased by 1.8% excluding foreign exchange effects and non-strategic asset sales. North and South American revenues increased by 4%. The company attributed the growth to higher revenue from digital billboards and higher occupancy […]
Clear Channel Outdoor Not Done Selling.
Insider expects to see more Clear Channel Outdoor asset sales. Here’s what we’ve heard: Clear Channel Outdoor is trying to keep assets in the top 10 DMA’s: New York, Los Angeles, Chicago, Philly, Dallas, San Francisco, Boston, Wash DC, Atlanta, Houston. Everything else is for sale for a price. Whether […]
Clear Channel Outdoor Should Exit The Fabrication Business
Did you know that Clear Channel owns a steel fabrication company? Here’s quote from the company’s 10k: We typically own the physical structures on which our clients’ advertising copy is displayed. We build some of the structures at our billboard fabrication business in Illinois and erect them on sites we […]
Josh Kruter Leaves Clear Channel Outdoor
Insider has heard from two sources that Josh Kruter, Clear Channel Outdoor SVP for digital products, left the company for a job at a tech company. Kruter supervised the digital product portfolio for Clear Channel outdoor and worked on the company’s Radar project. Clear Channel Outdoor General Counsel Craig Gangi […]
iHeart Media Debt Woes
iHeart Media is one of the largest media conglomerates in the United States. They own 858 radio stations; Premier Networks, the top U.S. radio network; and iHeartRadio, among the nation’s top digital music services. For those of us more focused on the billboard industry, we know iHeart as the owner […]
Scott Wells Buys Clear Channel Shares
Microcap reports that Clear Channel Outdoor Scott Wells bought 5,000 shares of Clear Channel Outdoor on March 4. With the purchase Wells directly owns 50,283 shares of stock valued at $209,000. Insider’s take: If Insider were a Clear Channel Outdoor shareholder, he’d be happy that an insider is buying. A […]
