Clear Channel Outdoor Revenue Down 55% in Second Quarter 2020 (Billboard Insider)
Insider’s take: No defaults in the works for Clear Channel as there’s enough cash on hand to pay two year’s worth of cash interest expense. Insider expects to see the company sell assets once the COVID overhang clears in order to reduce debt. Clear Channel’s leverage is almost twice as high as Lamar or OUTFRONT. […]
Mon, Aug 10, 2020 at 10:52 PM