Clear Channel Outdoor cuts $32 million in expenses (Billboard insider)
Insider’s take: If you are a Clear Channel Outdoor investor wouldn’t you want the company’s execs focused on a 35% cashflow margin US business as opposed to an underperforming 9% cashflow margin international business. This equates to 1-2% of Clear Channel’s total expense and 5-6% of Clear Channel Outdoor’s SG&A expense. […]
Mon, Dec 7, 2020 at 11:10 PM