Earnings: CCU CEO Mays: “We Have Moved Beyond Just Being In The Radio Business”

Clear Channel CEO Mark Mays used this weeks 1Q06 earnings call to emphasize the company’s shift in overall strategy, explaining, “If there is one idea that I can get across to you today about Clear Channel radio … We have moved beyond just being in the radio business. Why are we different from the radio industry? First, we are in the content creation business.”
With the intense ramp up in internet, it’s good to hear an analyst ask if the company would be breaking out internet numbers for investors. Randall Mays, president and CFO: “I think in such time where it makes sense to break it out we will. I think right now, we don’t need to but, at some point in the future, once it gets to be a bigger piece — which we hope it will and we think it will — then at that time we will.”
Mark Mays on internet metrics: “I think it’s an impressive story … one is the number of unique visitors to our websites, that’s up around 53-plus percent since the beginning of the year. The demand or the call for video-on-demand has risen over 1000 percent in the last couple of months. Our streaming numbers are up over 300 percent from the first part of the year, and so we are highly, highly encouraged by those results. … As we have more people accessing those websites, we will have more opportunities to monetize it.”
— Mark Mays also talked about dedicating “an enormous amount of resources … to our Clear Channel online music and radio group, which consists of 900-plus sites that are high quality and content rich.” More than 500 stations are streamed and the group has served up more than 12 million podcasts.
Earnings release | Webcast | Transcript (SeekingAlpha.com)

Comments have been disabled for this post