Clear Channel Outdoor takes further steps to cope with the financial impact of the pandemic (Billboard Insider)
Insider’s Take: All of the publicly traded companies have had to make moves to deal with reduced revenues and cash flow due to the pandemic. CCO back in April announced the sale of their Chinese subsidiary, Clear Media. At that time they announced a number of cost cutting moves, including deferring capex, and reducing operating expenses including a reduction in executive compensation. […]
Tue, Jun 16, 2020 at 6:26 PM