BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Clear Channel earnings - signs looking good]]>http://www.bloggingstocks.com/2007/07/27/clear-channel-earnings-signs-looking-good/http://www.bloggingstocks.com/2007/07/27/clear-channel-earnings-signs-looking-good/http://www.bloggingstocks.com/2007/07/27/clear-channel-earnings-signs-looking-good/#commentsFiled under: , , , ,

As it looks forward to the shareholder vote on the tumultuous $19.5 billion, $39.20 a share takeover offer from Bain Capital Partners LLC and Thomas H. Lee Partners LP, Clear Channel Communications Inc. (NYSE: CCU) reported strong second-quarter earnings from its roadside billboard business. Overall revenue rose to $1.8 billion, up 5% from 2006, and net income climbed from $48 million to $68.6 million. Diluted EPS before discontinued operations was $.42, up from $.34 from 2006 but below the $.44 projected by analysts surveyed by Thompson.

Clear Channel Outdoor Holdings (NYSE: CCO), of which CCU owns 90%, continued to drive the corporate earnings with net income up 45% to $68 million and EPS of $.19 vs $.14. The radio segment, which CCO is in the process of selling off, was up only 1%.

The company's stock has followed the general market trend in the past few days, off $1.35 from its $38.20 month high, but on the rebound today.

Clear Channel earnings - signs looking good originally appeared on BloggingStocks on Fri, 27 Jul 2007 12:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ccoccuclear channelclear channel outdoorClearChannelClearChannelOutdoorinthenewsFri, 27 Jul 2007 12:15:00 EST<![CDATA[Cramer goes old media with Lamar billboards]]>http://www.bloggingstocks.com/2006/12/11/cramer-goes-old-media-with-lamar-billboards/http://www.bloggingstocks.com/2006/12/11/cramer-goes-old-media-with-lamar-billboards/http://www.bloggingstocks.com/2006/12/11/cramer-goes-old-media-with-lamar-billboards/#commentsFiled under: ,

lamar billboardOn tonight's MAD MONEY show on CNBC Jim Cramer was comparing new, and old, media stocks. While his first pick was Daktronics, Inc. (NASDAQ:DAKT), with its focus on digital advertising, his second pick was decidedly old media. Cramer mentioned that the companies buying the billboards are a good "play." In that market, Cramer thinks Lamar Advertising Company (NASDAQ:LAMR) is a winner. Could it be? Yep, the "A" word... he thinks it could even be an acquisition target. There is a new rating system for outdoor advertising, and the company doesn't even have 1% of its billboards as digital.

LAMR is up almost 2% in after-hours trading at $64.43. It closed up 0.5% at $63.30 in regular trading and has a $44.99 to $63.36 trading range over the last 52-weeks. So it is at a new high and the only time it was ever this high was back at the 1999-2000 turn when the ad economy was on fire. It has a $6.4 billion market cap and he thinks a management buyout or private equity offer could provide a floor for the stock.

He thinks this is more acquirable than Clear Channel Outdoor Holdings, Inc. (NYSE:CCO).

[Photo CodyR]

Cramer goes old media with Lamar billboards originally appeared on BloggingStocks on Mon, 11 Dec 2006 19:22:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>advertisingccoclear channelclear channel outdoorClearChannelClearChannelOutdoorcnbccnbc' mad moneycramerjim cramerJimCramerlamarlamar advertisingLamarAdvertisinglamrmad moneyMadMoneyMon, 11 Dec 2006 19:22:00 EST