SAN ANTONIO, Dec. 22, 2022 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) today announced it has entered into a definitive agreement to sell its business in Switzerland to Goldbach Group AG, an affiliate of TX Group AG, for CHF 86.0 million, or US$ 92.7 million1. The Company’s Swiss business […]
Here are the highlights on Clear Channel Outdoor CFO Brian Coleman’s comments at the B of A Leverage Finance 2022 conference this week. Is Clear Channel Outdoor positioned for slower growth? I think we’re well positioned…The business…really isn’t seeing a slowdown…things look pretty good…We feel good about our liquidity position […]
SignValue has prepared an infographic summarizing Clear Channel Outdoor’s 3Q 2022 performance. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400. [wpforms id=”9787″] Paid Advertisement
“Our third quarter results were at the high end of the revenue guidance we provided” was how Clear Channel Outdoor CEO Scott Wells led of the company’s earnings call. Here are the results of the Clear Channel Outdoor 3Q22 earnings release, 3Q 22 investor deck and conference call. Clear Channel Outdoor […]
Arlington, Va. (Nov. 1, 2022) – Throughout November, Clear Channel Outdoor Americas (CCOA) (NYSE: CCO) and the United Service Organizations (USO)—America’s leading nonprofit organization supporting service members and their families—will partner on a nationwide digital Out-of-Home (DOOH) media campaign that encourages the public to support deployed service members during the […]
Clear Channel Outdoor has failed to sell their European assets. Clear Channel execs say that they may try to sell certain pieces. There are three problems with keeping Europe. First, Clear Channel Europe operates at lower margins. Look at this table which compares the segment cashflow (e.g. segment cashflow prior […]
This table in Solomon Partners Media Monthly October 2022 caught Billboard Insider’s eye. It computes the total value of the public out of home companies as a multiple of 2022 estimated cashflow. The public out of home companies are trading at a median multiple of 11.2 times 2022 estimated cashflow. […]
Clear Channel Outdoor outperformed the market for the third quarter of 2022, Lamar followed the market and OUTFRONT underperformed the market, although all st0cks fell in the month of September due to recession fears. Clear Channel finished the quarter up 28%. Lamar fell 6% as did the S&P 500. OUTFRONT […]
Clear Channel Outdoor CFO Brian Coleman was upbeat about the future at the Deutsche Bank 30th Annual Leverage Finance Conference last week. Some highlights from his remarks. Advertisers who left out of home during covid are finding that their signs aren’t there The fundamentals of the business are pretty sound…advertisers […]
Here’s a selection of Scott Wells comments on out of home demand, self service ad models, digital billboard conversions and the European sale at last week’s Goldman Sachs Communicopia conference. Demand is strong The tone with advertisers actually continues to be strong. We are having good dialogs heading into 2023…We’re […]
