Restructuring charges are one-time expenses that a company recognizes when reorganizing operations. A company separates these expenses out on their financial statement and does not include them when computing cashflow (EBIDTA). Restructuring charges are in theory one-time events but you can see that in the last stages of the William […]
Dodd-Frank requires public companies to disclose the pay ratio (e.g. the CEO’s total compensation compared to the median annual total compensation for all company employees). Billboard Insider has computed the pay ratios for Lamar, OUTFRONT and Clear Channel Outdoor pulled from each company’s Schedule 14A. Lamar had the lowest […]
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 […]
“We delivered very strong results during the third quarter and we entered the fourth quarter with continued business momentum,” was how Clear Channel Outdoor worldwide CEO William Eccleshare summarized 3rd quarter 2021 financials. Here are the highlights of the 3rd quarter 2021 earnings release, earnings presentation and conference call. Revenue […]
NEW YORK, Nov. 2, 2021 /PRNewswire/ — Over the next two weeks, 20,000 world leaders and delegates will meet in Glasgow to discuss solutions to the world’s climate crisis. And there’s a voice that we need to make sure is heard louder and clearer than ever […]
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 […]
Clear Channel announced better than expected financials yesterday. Here’s a summary from the CCO 2Q 21 earnings release, earnings deck and conference call. Revenue increased by 69% to $531 million during the second quarter of 2021. Americas revenue grew 36% during the second quarter of 2021, due to digital billboard growth. […]
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 […]
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 […]
