The Billboard Insider Podcast
00:26:32 · Paul Wright, Dave Westburg
[00:26:32] S1: Clear Channel is in a real transition right now. It's going to be interesting to see how they emerge and the shape they take. I had hoped for a little bit more dramatic announcements and changes. I think that we're probably going to see that in the next year or two, But it's gonna be really interesting to see if they can make that transition. [00:26:59] S0: To me, their leverage is about seven to one. I think that's not sustainable. They need to be at about four or five. And I wonder if the way that's gonna happen is they're gonna spin off Internet... Clear Channel Outdoor International will separate from Clear Channel Outdoor Americas. And hopefully in that separation, the leverage will be down to a sustainable level. [00:27:21] S1: I think you're right. I think they tried to spin off as many markets as they could to try to create some cash and and pay that down. But, obviously, that's not going to work at domestic markets that they sold. I don't think that's gonna be enough, and I think you're right. I think it's probably a split between international and domestic at some point. [00:27:42] S0: Link Media Outdoor, the subsidiary of Boston Omaha. [00:27:47] S1: Yeah. We're watching Link really closely. In fact, we just mapped all of their recent acquisitions and we're looking at the pattern that they're building nationwide. And it's really interesting. There's a swath through a few states where they haven't made acquisitions yet, but they're closing in, I suspect. And I like what they're doing.
00:27:47 · Paul Wright, Dave Westburg
[00:27:47] S1: Yeah. We're watching Link really closely. In fact, we just mapped all of their recent acquisitions and we're looking at the pattern that they're building nationwide. And it's really interesting. There's a swath through a few states where they haven't made acquisitions yet, but they're closing in, I suspect. And I like what they're doing. [00:28:12] S0: Perfect. Paul, thank you so much. That's all for this week, and thanks for appearing on the show. [00:28:17] S1: Absolutely. Thanks, Dave. Appreciate you having me. [00:28:19] S0: This podcast was sponsored by Adomni. Adomni, the easy way to sell billboards online out of home in your hands. You can listen to episodes of the Billboard Insider Podcast by visiting billboardinsider.com or by subscribing to the Billboard Insider Podcast on iTunes or any of the usual podcast outlets. Our email is billboardinsider@gmail.com. We'd love to hear from you. Thanks for listening, and I'll be back in a couple weeks.