Insider’s take on Clear Channel Outdoor considering to sell its Chinese division Clear Media (Billboard Insider)
Insider’s take: A sale makes sense for 3 reasons. (1) There are no operating synergies between Clear Media and Clear Channel Outdoor so Clear Media distracts Clear Channel Outdoor management from growing healthy markets elsewhere. (2) Clear Media’s declining revenue and cashflow are dragging down a healthy US Clear Channel Operation. […]
Mon, Dec 2, 2019 at 10:25 AM