We thought you’d like to see a copy of a toolkit circulated to Clear Channel Outdoor managers containing frequently asked questions and other talking points related to the sale of Clear Clear Channel Outdoor to Mubadala Capital. The toolkit was filed with the SEC so is public information. Announced Acquisition […]
By Peter Anderson, Sensor Partnerships Lead, GenLogs.io In the Out-of-Home world, a billboard is usually valued for what people see on it. But for GenLogs, the value lies in what the billboard sees. Just two years ago, we reported on GenLogs’ innovative model of renting space on billboard structures to […]
Company: Joyce Outdoor Advertising Markets: New Jersey, Chicago, Pennsylvania Headquarters: 800 James Avenue, Scranton, PA 18510 Phone: 570-871-0311 Email: info@joyceoutdoor.com Joyce Outdoor Advertising operates a plant which includes 33 total billboard and wall faces including 5 digital faces in New Jersey, Chicago and Pennsylvania. In September 2019 the company developed a wallscape targeting the athletic facilities […]
Earlier this week Clear Channel Outdoor agreed to sell to Mubadala Capital/TWG for $6.2 billion. A Billboard Insider reader asks: “I’m curious what the next step would be for Clear Channel Outdoor stock holders?” Here’s what we know after reviewing the Form 14A Clear Channel Outdoor filed on the sale. […]
Here’s the email Clear Channel Outdoor CEO Scott Wells sent to Clear Channel employees announcing Clear Channel Outdoor’s sale to Mubadala/TWG for $6.2 billion. From: Scott Wells <CEO@clearchannel.com> To: All employees Subject: Clear Channel’s Next Chapter I’m pleased to share some exciting news: Clear Channel has entered into an agreement […]
Three more things about the Clear Channel Outdoor sale sponsored and analyzed by SignValue. Who are the common stock investors? $3 billion in equity has been raised for the acquisition. The common equity will be provided by Mubadala Capital and TWG Global. Mubadala Capital is an affiliate of Mubadala Investment […]
Company: JGI Outdoor Markets: Texas, Louisiana, New Mexico Address: 525 Park Grove, Katy Texas, 77450 Email: contractjgi@jgioutdoor.com Phone: 281-992-2828 JGI Outdoor is a privately held company which operates billboards in Texas. The company was started in 1994 by John P Gannon with the acquisition of forty billboards. Today the company has over 1,000 billboard faces […]
Yesterday, Clear Channel Outdoor announced a sale to Mubadala Capital/TWG for $6.2 billion. Here’s an analysis of the sale, sponsored and analyzed by SignValue. A 12.8 times adjusted cashflow purchase multiple The transaction gives Clear Channel Outdoor an enterprise value of $6.2 billion. That works out to 12.76 times Clear […]
What questions do you have about out of home sales? Use the comment box below or email davewestburg@billboardinsider.com. We’ll run a series in which out of home sales expert Kevin Gephart answers your questions. Kevin spent 37+ years selling advertising including 12 years at Clear Channel Outdoor in Minneapolis. He […]
By Andy McDonald, SVP Government Affairs, OAA Prioritizing safety has always been imperative for the Out of Home (OOH) advertising industry. OOH execution requires teams to operate at heights, in proximity to roadways, power lines, and heavy equipment — conditions that demand rigorous training, clear standards, and a culture committed […]
