Finance

Formetco Closes $15 Million Debt Line to Fund Growth

DULUTH, Ga., March 13, 2024 /PRNewswire-PRWeb/ — Formetco, LLC. (“Formetco” or “the Company”) announced today that it recently closed a new $15 million debt facility with Fifth Third. Proceeds from the new facility were used to refinance existing debt and provide additional liquidity to fund future growth. Formetco, founded in 1968 and headquartered in Duluth, […]

JCDecaux North American Revenue up 6% in 2023

Billboards are growing very slowly and other sectors are growing fast.  That’s how you can summarize JCDecaux’s 2023 financials.  Here are the results from the JCDecaux 2023 earnings release.  We have translated the financials from euros to dollars using today’s exchange rate of 1 euro to 1.095 dollars. Total revenue […]

Clear Channel Outdoor Revenue Up 12% in 4Q 2024

Airports and Europe-North drove a good fourth quarter for Clear Channel Outdoor.  Here are the results of the Clear Channel Outdoor 4Q 2024 earnings release, Clear Channel Outdoor 4Q 2024 Investor Deck and conference call. Revenue increased 12% to $632 million due to increases in airports and Europe-North.  Airports revenue […]

Lamar Revenues up 3.8% in 4Q 2023

Lamar CEO Sean Reilly introduced Lamar’s 4Q 23 earnings release with a familiar script: “Revenue growth accelerated as we moved through the fourth quarter, primarily because of strength in local sales. In addition, our team continued to do an outstanding job controlling expenses…”  Here are the results from Lamar’s 4Q […]

OUTFRONT Revenues Grow 1.2% in 4Q 2023

Revenues up slightly, cashflow down slightly was how you could summarize the  OUTFRONT 4Q 2023 press release, 4Q 2023 earnings presentation and conference call. Revenues increased by 1.3% in the fourth quarter of 2023.  Billboard revenue increased 2.6%.  Transit revenue declined 4%.  Local revenue grew 4.5%.  National revenue declined 3.1%.  […]

Private Equity and Out of Home – 8 negotiating tips

Yesterday Craig Berry of Stark Capital discussed private equity terms and conditions.  Today he shares 8 tips for independent operators to consider when negotiating and structuring equity transactions. Tips on Negotiating and Structuring Private Equity Investments: #1 Secure a commitment first before you draw the capital.  If the objective is […]

Private Equity and Out of Home – Terms and conditions

Previous installments of Billboard Insider’s private equity and out of home series have discussed why to raise private equity, what to look for in a partner and how to value your shares.  Today Craig Berry of Stark Capital Solutions discusses private equity terms and conditions. Stark Capital has participated in […]

Private Equity and Out of Home – valuing the equity

How do you value your out of home company when you bring in an outside investor?  The answer depends on whether you are simply selling an existing share of the ownership to a third party or if you are raising new money to grow the company. Selling an existing share […]

Private Equity and Out of Home – What to look for in a partner.

Yesterday Billboard Insider presented four reasons to consider adding an outside equity partner.  Today we talk about three traits to look for in a private equity partner: industry expertise; candor; and rapport. Industry Expertise Time is your most precious resource.  You don’t want to have to spend time educating a […]

Private Equity and Out of Home – Why Should I Add a Partner

There’s lots of private equity interest in out of home to judge from the calls Billboard Insider gets.  This is the first column in a series on private equity and out of home, based on our experiences raising equity for our own companies and as a private equity investor in […]