The Scott Wells era at Clear Channel Outdoor got off to a good start. Here are the highlights of the earnings release, earnings presentation and conference call. Revenue grew 37% to $743 million. US revenues were up 44%. European revenues were up 30%. Other revenues up 44%. Here’s a breakout […]
SAN ANTONIO, Jan. 3, 2022 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced that Scott Wells has commenced his new role as Chief Executive Officer and member of the Board of Directors, and William Eccleshare has transitioned to the role of Executive Vice Chairman of the Board. These appointments were announced concurrent with […]
Billboard Insider’s note: The market liked this announcement. Clear Channel stock rose 7.8% yesterday. The S&P 500 dropped 0.9%, Outfront dropped 1% and Lamar dropped 1.2%. SAN ANTONIO, Dec. 13, 2021 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today announced that its Board of Directors has authorized a review […]
Clear Channel Outdoor Americas CEO Scott Wells and CFO Brian Coleman were optimistic about the future in their comments at the 29th Annual Deautsche Bank Leveraged Finance Conference. The highlights: Wells is optimistic on the future I’m excited about the future of out of home. I don’t think there’s a […]
On yesterday’s earnings call William Eccleshare announced a succession plan under which he will transition the Clear Channel Worldwide CEO Position to Scott Wells effective January 3, 2022: With the business showing clear signs of recovery I have decided that now is the right time to implement our succession plan […]
OAAA’s Mission By: Anna Bager President & CEO, OAAA Click here to view the published article. As the OOH industry’s leading trade organization, our mission is to protect, advocate, and accelerate the growth of the entire OOH industry on behalf of our members. We do this by advocating for […]
Anna Bager moderated a CEO panel at yesterday’s OAAA/Geopath conference. Some of the highlights. Lamar Advertising CEO Sean Reilly on the resilience of billboards. Since this time last year I have consistently underestimated our ability to come back. This time last year we were all drawing down our revolvers…things exploded […]
Here are 7 takeaways from day one of the OAAA/Geopath 2021 conference. (1) The recovery is occurring faster than expected, says Sean Reilly, CEO, Lamar Advertising (2) “We learned how to sell other verticals,” Scott Wells, CEO, Clear Channel America on selling during covid. (3) “Covid brought new brands” to […]
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 […]
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 […]
