Tag: Scott Wells

Clear Channel Outdoor Revenues Down 33% in 1Q 2021

Clear Channel Outdoor revenues are beginning to come back but expenses remain stubbornly high, especially in Europe.  Here are the results from the Clear Channel Outdoor 1Q 2021 earnings release, Clear Channel Outdoor 1Q 2021 earnings presentation and conference call. Revenue declined 33% to $371 million.  North America revenue was […]

OOH Geopath Conference Agenda Released

The OAAA/Geopath 2021 Conference Agenda has been released.  Billboard Insider doesn’t want to miss the Leadership Outlook panel. Plenty of other great panels. US House Majority Whip James E. Clyburn and Ken Klein on Political Issues Alexis Ohanian and Adquick CEO Matt O’Connor on OOH for Social AmpliAnna Gager interviews […]

Scott Wells: Cities will become more embracing of digital billboards

Clear Channel Outdoor Americas CEO Scott Wells thinks cities will be more accepting of digital billboards as they look for revenue post-covid.  Here’s a selection of his comments at last week’s Morgan Stanley conference. Is programmatic bringing in new money? In 2011 to 2017 you had a lot of advertisers […]

Clear Channel Expense Cuts Completed in US and Latin America

Clear Channel Outdoor’s expense cuts are done in the US and Latin America but have yet to be completed in Europe.  And don’t expect to see asset sales until 2022 at least.  Here’s what else Clear Channel Outdoor CEO William Eccleshare, Americas CEO Scott Wells, and CFO Brian Coleman said […]

Eccleshare: The second wave of the virus is not as scary as the first.

Clear Channel Outdoor Worldwide CEO William Eccleshare, Americas CEO Scott Wells and CFO Brian Coleman appeared at this weeks Wells Fargo TMT conference.  Some highlights. Eccleshare is optimistic about the future. We continue to be optimistic about the resilience of the business because there the lockdowns have been less significant…our […]

Clear Channel Outdoor partners with No Kid Hungry to connect kids to free meals.

New York, New York – Clear Channel Outdoor Americas (CCOA) (NYSE: CCO) today announced it will partner with No Kid Hungry to launch a nationwide digital billboard campaign to help connect kids to the food they need this holiday season. Promoting resources from No Kid Hungry, a national campaign to […]

Clear Channel Airports Wins 12 Year JFK, Laguardia and Newark Contract

New York, NY – – Clear Channel Airports (CCA), the Americas-based airports business of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), and one of the nation’s leading airport media providers, announced today the Port Authority of New York and New Jersey (PANYNJ) awarded it the largest airport advertising and sponsorship […]

William Eccleshare: This isn’t the Moment to Sell Europe

Covid has temporarily put the brakes on the sale of Clear Channel Outdoor European assets according to Clear Channel Outdoor Worldwide CEO William Eccleshare.  Here’s a selection of comments by Eccleshare,  Americas CEO Scott Wells and CFO Brian Coleman at yesterdays’s Goldman Sachs Communicopia Conference.  A selection of their comments. […]

Keeping a Company-wide Transformation on Track During the COVID-19 Crisis

By Scott Wells, CEO Clear Channel Outdoor Americas The past weeks have taught me management lessons I wish I never had to learn. There is change you plan for – like a business transformation, a new product line or new marketplace dynamics – and changes forced upon you that you […]

Eccleshare: We’re targeting $100 million in operating costs in Q2.

Here’s what Clear Channel Outdoor executives said about expense cuts, selling Latin America or Europe and the future on yesterday’s first quarter 2020 earnings call. Worldwide CEO William Eccleshare on Expense Cuts We are targeting over a $100 million reduction in operating costs in Q2 and at least $25 million […]