Clear Channel Outdoor(CCO)
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CN Announces Executive Changes to COO and CCO Roles
Globenewswire· 2025-10-20 15:30
Core Insights - CN has appointed Patrick Whitehead as Executive Vice-President and Chief Operating Officer and Janet Drysdale as Executive Vice-President and Chief Commercial Officer, effective immediately [1][2] - The appointments aim to enhance CN's operational, commercial, and customer service excellence, with both executives recognized for their cross-functional leadership [2] Executive Profiles - Patrick Whitehead, 50, has over 30 years of railroad experience, with more than 25 years in management roles. He previously served as Executive Vice President and Chief Network Operating Officer since October 2023 and holds a Master of Science in Transportation Management [2][3] - Janet Drysdale, 53, has nearly 30 years at CN, with significant roles in Sales, Marketing, Investor Relations, and Finance. She has been serving as Chief Commercial Officer on an interim basis since July 2025 and holds an Honours Bachelor of Science and an MBA [3] Company Overview - CN operates a nearly 20,000-mile rail network, transporting over 300 million tons of natural resources and goods annually across North America, contributing to sustainable trade and community prosperity since 1919 [4]
Clear Channel Outdoor and Blood Cancer United Team Up on Billboard Campaign to Reach More People Affected by Blood Cancer
Prnewswire· 2025-10-14 12:05
Core Insights - Blood Cancer United, formerly known as The Leukemia & Lymphoma Society, has launched a new Out-of-Home (OOH) campaign to raise awareness about blood cancer and support affected individuals [1][2][4] - The campaign aims to highlight the organization's mission to support everyone impacted by blood cancer, emphasizing that patients are more than their diagnosis [3][4] - The initiative includes digital billboards in Times Square and other major cities, running through October, coinciding with Blood Cancer Awareness Month [2][3] Company Overview - Blood Cancer United is the largest global nonprofit focused on blood cancer patient support, research, and advocacy, with a mission to cure blood cancer and improve the quality of life for patients and their families [5][7] - Since its founding in 1949, the organization has invested over $2 billion in research, contributing to increased survival rates for blood cancer patients [7] - The organization advocates for accessible and affordable healthcare for all patients, providing free resources and personalized support [7] Campaign Details - The OOH campaign is part of Blood Cancer United's first national advertising effort in over a decade, utilizing various media channels including broadcast, digital, and social platforms [3][4] - A bold goal set by Blood Cancer United is to enable individuals with blood cancer to gain more than one million years of life by 2040, fostering cherished moments with loved ones [4] - Clear Channel Outdoor, the partner for this campaign, aims to connect communities around the shared mission of supporting blood cancer patients [5][8]
Clear Channel Outdoor Holdings, Inc. Announces Date for 2025 Third Quarter Earnings Release and Conference Call
Prnewswire· 2025-10-06 20:30
Group 1 - Clear Channel Outdoor Holdings, Inc. will release its third quarter results for 2025 on November 6, 2025, before the market opens at 7:00 a.m. Eastern Time [1] - A conference call to discuss the results will take place at 8:30 a.m. Eastern Time, with a live audio webcast available on the company's website [1] - Related earnings materials, including reconciliations of non-GAAP financial measures to GAAP financial measures, will be accessible on the company's website by 7:00 a.m. Eastern Time [2] Group 2 - Clear Channel Outdoor Holdings, Inc. is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics [3] - The company aims to broaden its advertiser base by integrating programmatic capabilities that facilitate measurable advertising campaigns [3] - By leveraging its diverse portfolio, the company connects advertisers with millions of consumers each month [3]
Why Fast-paced Mover Clear Channel Outdoor (CCO) Is a Great Choice for Value Investors
ZACKS· 2025-10-03 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] Group 2: Clear Channel Outdoor (CCO) Analysis - Clear Channel Outdoor (CCO) has shown a price increase of 17.1% over the past four weeks, indicating growing investor interest [4] - CCO's stock gained 20.8% over the past 12 weeks, with a beta of 2.64, suggesting it moves 164% higher than the market [5] - CCO has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - CCO has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.44, suggesting it is undervalued as investors pay only 44 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides CCO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify winning stock picks [9]
Clear Channel Outdoor Holdings, Inc. Sells its Business in Brazil to an Affiliate of Eletromidia S.A.
Prnewswire· 2025-10-01 20:30
Core Points - Clear Channel Outdoor Holdings, Inc. has completed the sale of its Brazilian business to Publibanca Brasil S.A. for R$80 million (approximately US$15 million), marking the exit from its Latin American operations [1][2][3] - The proceeds from the sale will be used to enhance liquidity and financial flexibility, in line with the company's debt agreements, after accounting for transaction-related fees and expenses [2][3] - The CEO emphasized that this divestiture is part of a strategy to simplify and reduce risk in the business, allowing the company to focus on its U.S. operations and pay down debt [3] Financial Details - The transaction price for the Brazilian business was R$80 million, equivalent to about US$15 million [2] - The final proceeds are subject to customary post-closing adjustments and payment of transaction-related fees and expenses [2] Strategic Focus - The company aims to create shareholder value by divesting non-core assets and reinvesting in high-return opportunities within the U.S. market [3] - The divestiture aligns with the company's strategy to concentrate on its strengths in the American and Airports businesses [3][4]
Anson Funds calls for Clear Channel Outdoor's sale. Here's why the timing may finally be right
CNBC· 2025-09-27 13:53
Company Overview - Clear Channel Outdoor Holdings is a major player in the outdoor advertising industry, providing services through billboards, street furniture displays, transit displays, and other out-of-home advertising formats, operating solely within the United States [1][4] - The company has transitioned to a U.S. pureplay, enhancing its focus and potential value from a multiple perspective, making it easier for potential acquirers [8] Activist Involvement - Anson Funds, which holds a 3.65% stake in Clear Channel Outdoor, has initiated a campaign calling for the sale of the company, marking a strategic shift for the fund [2][3][7] - The activist strategy is led by Sagar Gupta, who previously worked with Legion Partners during their campaign for Clear Channel Outdoor, indicating a long-term interest in the company [2][7] Financial Performance and Valuation - Clear Channel Outdoor has faced challenges with its two business lines in the Americas and Europe, with the U.S. operations trading at approximately 13-15 times EBITDA, while European operations traded around 8 times EBITDA [5][6] - Despite recent divestitures and a focus on digital transformation, the company's stock has declined by 26.56% since Legion's activist filing and over 90% from its IPO price [6] Strategic Moves and Market Position - The company has executed several divestitures, including selling its European and Latin American businesses, which has allowed it to focus on the U.S. market and reduce debt [6] - Potential acquirers for Clear Channel Outdoor include JCDecaux and Lamar, both of which have shown interest in the outdoor advertising sector [8][9] Digital Transformation - Clear Channel Outdoor's digital billboard segment has grown to only 5% of its portfolio, despite accounting for over a third of its revenue, highlighting the slow pace of digital transformation due to regulatory approvals [11] - The slow rollout of digital ads poses challenges for the company, particularly in meeting quarterly reporting expectations as a public entity [11]
X @Bloomberg
Bloomberg· 2025-09-22 12:09
Anson Funds Management is urging Clear Channel Outdoor Holdings to pursue a sale of the company, according to people familiar with the matter https://t.co/mmmpuAAnTc ...
Clear Channel Outdoor's Inflight Insights™ Lands as an Industry-First Solution Delivering Actionable Campaign Performance Data while OOH Ads are Live
Prnewswire· 2025-09-18 16:00
Core Insights - Clear Channel Outdoor (CCO) has launched CCO Inflight Insights, a measurement solution that allows brands to evaluate the impact of their Out-of-Home (OOH) advertising campaigns on store visits while the campaigns are still active, providing real-time insights into audience behavior [1][2][3] Group 1: Product Features - CCO Inflight Insights provides timely insights that enable marketers to optimize their OOH campaigns and media performance, offering data comparable to digital media measurement [2][5] - The solution has been tested with over 100 campaigns in the past two years, allowing clients to receive insights as frequently as weekly to track foot traffic and other business outcomes [3][4] - The reporting includes aggregated data on audience visitation behaviors, timing of visits, and recommendations for campaign optimization [5][11] Group 2: Market Positioning - CCO is the first OOH media owner to offer in-flight performance reporting, allowing brands to make data-driven adjustments to enhance media performance [6][7] - The introduction of Inflight Insights is seen as a game changer for local advertisers and small businesses, providing them with valuable insights to improve their ad campaigns [4][6] - The solution is part of CCO's broader strategy to compete for advertising budgets traditionally allocated to digital media and performance marketing [4][7] Group 3: Consultative Approach - CCO emphasizes a consultative approach, with sales executives meeting regularly with clients to discuss insights and potential actions, including a post-campaign report summarizing recommendations for future campaigns [11]
Clear Channel Outdoor-Commissioned Nielsen Study: Airport Advertising Continues Driving Frequent Flyers to Even More Action Post Ad Exposure as Air Travel Surges
Prnewswire· 2025-09-15 12:05
Core Insights - The article emphasizes the effectiveness of airport advertising as a powerful medium for engaging frequent flyers, who are significantly more likely to be decision-makers in their companies, particularly in technology and AI [1][7]. Industry Trends - Air travel is experiencing a surge, with TSA screening record numbers of travelers, and this trend is expected to continue into 2026 due to pent-up demand and airport modernization [3][4]. - The study highlights that airport advertising provides a premium environment for brands to connect with a motivated audience, as dwell times in airports remain high [3][4]. Advertising Effectiveness - The study reveals that 82% of frequent flyers read airport advertisements, with 61% recalling them and 57% taking action after exposure, marking an 8% increase from the previous year [6]. - Actions taken by travelers after seeing airport ads include visiting the advertised location (61%), visiting the website (53%), and scanning QR codes (45%), which saw a 6% increase from 2022 [6]. Audience Characteristics - Frequent flyers are over two times more likely to hold C-suite titles and have significant influence over substantial business spending, indicating a high purchasing power [9]. - A notable 65% of frequent flyers work for companies that are leaders in technology or are actively investing in AI, making them key targets for advertisers [9].
Despite Fast-paced Momentum, Clear Channel Outdoor (CCO) Is Still a Bargain Stock
ZACKS· 2025-09-11 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Investing in bargain stocks with recent price momentum may be a safer approach [2] Group 2: Clear Channel Outdoor (CCO) Analysis - CCO has shown a price increase of 8.6% over the past four weeks, indicating growing investor interest [3] - The stock gained 15.5% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - CCO has a beta of 2.61, suggesting it moves 161% higher than the market in either direction [4] - CCO has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - CCO is trading at a Price-to-Sales ratio of 0.37, indicating it is relatively cheap at present [6] Group 3: Investment Opportunities - CCO has significant potential for growth at a fast pace, and other stocks also meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - There are over 45 Zacks Premium Screens available to help identify winning stock picks based on various investing styles [8]