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Clear Channel Head Optimistic On Outdoor Ads

  • Reuters, Tuesday, November 29, 2011 4:36 PM

Outdoor advertising is holding fairly strong despite Europe's debt crisis, according to William Eccleshare, head of the international divison of Clear Channel Outdoor Holdings.

Here's his quote: "The fourth quarter has actually held up extremely well, so we feel pretty good about this year and pretty nervous about next year."

Eccleshare also discusses the company's strategy for the future and comments on Clear Channel's competitor in the out-of-home field, JC Decaux, saying it's unlikely it "would follow though on its long-stated aim of doing a major acquisition in the United States because its most likely target, CBS Outdoor, expected too high a price premium," according to Reuters.



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