- Media+Entertainment (up 4% excluding political1), with Outdoor flat
- 2013 OIBDAN1 reached $1.7 billion, including 4% growth at Americas Outdoor, 9% increase at International Outdoor, excluding foreign exchange and divestitures, and 2% decline at Media+Entertainment
- Fourth quarter revenues flat (excluding political, revenues rose 4%, with Media+Entertainment up 8%)
Bob Pittman |
"Clear Channel continued to create new businesses based on the strength of our core assets and to provide customized multi-platform market solutions to advertising partners that nobody else can. At Media+Entertainment, we further expanded our events business -- reaching nearly 4 billion social impressions with December's Jingle Ball national tour, following up on September's iHeartRadio Music Festival's 2.3 billion social impressions. We also partnered with The CW Network to air 7 shows on broadcast TV, reaching over 50 million TV viewers. Our results at Outdoor reflected our sharp focus on rolling out new digital products in the U.S. and internationally, and on taking advantage of fast-growing emerging markets in Latin America and Asia. As America's leading multi-platform media company as measured by reach, we look forward to continuing to serve advertisers and consumers even better in 2014."
Richard Bressler |
"We hired top-caliber leaders at both Media+Entertainment and Outdoor, while executing on our revenue and efficiency initiatives that are building a strong foundation for our long-term success. Importantly, our capital markets activities over the past months -- including extending our maturities and selling non-core assets, like our stake in radio assets in Australia/New Zealand -- have given us the financial flexibly to continue to grow our businesses."
Full Year 2013 Results
Consolidated revenues decreased less than 1% to $6.24 billion for the full year 2013 compared to $6.25 billion in 2012. Excluding political advertising, revenue was up 2%(1) . Growth at Media+Entertainment and Americas outdoor was offset by declines at International outdoor, as well as our media representation business for which political revenues decreased $40 million compared to 2012, a presidential election year.
- Media+Entertainment revenues grew $47 million, or 2% (up 4%, excluding political1), compared to 2012, driven primarily by stronger national and digital advertising, as well as promotional and event sponsorship with the expansion of the Jingle Ball tour, iHeartRadio Music Festival and album release events, partially offset by the decline in political advertising spend.
Consolidated revenues totaled $1.7 billion, consistent with the fourth quarter of 2012. Excluding political advertising, revenue was up 4%.(1)
- Media+Entertainment revenues increased $24 million, or 3% (up 8%, excluding political1), due primarily to stronger national and digital advertising, as well as promotional and event sponsorship with the expansion of the Jingle Ball tour, iHeartRadio Music Festival and album release events.
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