Finance

iHeart Media Stock Is Moving Up

Since we reported on the iHeart Media debt swap proposal, there have been some signs of how the market might react.  iHeart Media is a privately held company with Bain Capital and Thomas H. Lee Partners owning the bulk of the old Clear Channel Radio since 2008.  However, there is some stock that trades privately, over the counter, as IHRT.  Typically 2,000 to 3,000 shares trade on a daily basis. The day after the announcement 480,000 shares were traded with […]

by John Weller· · 0 comments · Finance

What’s your out of home succession plan?

Insider has been lending to media companies for almost 30 years.  On two occasions business owners died suddenly.  One was hit by a train.  Another had a heart attack and died while watching TV with his family.  What happens to your our of home business if you die?  Here are four things you need to be prepared. A will.  You need to be clear on who inherits your assets.  Otherwise your heirs may have to go through a lengthy and […]

by billboardinsider· · 0 comments · Finance

Max Drachman on recent out of home sales.

Max Drachman of Kailil and Co closed three deals last week.  Insider asked Max for an update.   Max, in our February interview, you mentioned some deals were about to close.  Can you bring Insider up to speed?  Definitely.  Last week we closed the following transactions: We assisted Franklin Outdoor in their acquisition of Clear Channel Outdoor’s assets in Rochester, Minnesota.  It was a natural extension for the Franklin team and allowed them to continue their growth in the northern midwest. […]

by billboardinsider· · 0 comments · Finance

Legendary Billboard Plant For Sale

A legendary billboard plant in Richmond Indiana is for sale.  The plant was built by Tom Raper, an Indiana entrepreneur who made money in the RV business, real estate and billboards.  He built the billboards to provide advertising support for his RV dealership.  Raper died in 2015 and his estate is now selling the billboards.  Insider talked with John Savey who represents the estate in the billboard sale.  Contact John Savey @ 407-466-6910 or at jmsavey@cfl.rr.com if you’d like more […]

by billboardinsider· · 0 comments · Finance

Landmark Portfolio Update

The outdoor easement and lease purchaser Landmark Outdoor has released 2016 financials.  Here are the highlights from Insider’s review of the 2016 financials and Seeking Alpha earnings call transcript.  Insider has summarized Landmark’s Outdoor Advertising Investments in the following table. Landmark Infrastructure Outdoor Advertising Real Estate Property Interests 2015 and 2016 Landmark’s outdoor site portfolio increased by 62% to 440 sites during 2016. Outdoor accounts for 28% of Landmark’s 1,565 total sites at December 2016. The average monthly outdoor rent […]

by billboardinsider· · 0 comments · Finance

Clear Channel Outdoor Revenue down 6% due to to asset sales.

Clear Channel Outdoor released financials for the fourth quarter of 2016 (3 months ended December 31, 2016).  For more details see the 2016 financials and Seeking Alpha Earnings call transcript.  Consolidated Clear Channel Outdoor revenue excluding foreign exchange decreased by 6% to $746 million during the fourth quarter of 2016 due to outdoor plant sales earlier in the year.  Americas revenue was up 3.1% when adjusted for assets sales which tops Lamar’s acquisition adjusted growth of 2% and Outfront’s acquisition […]

by billboardinsider· · 0 comments · Finance

Lamar revenue up 9% in 4Q 2016

Lamar released fourth quarter 2016 financials yesterday.  Here are the highlights from the financials and the Seeking Alpha earnings call transcript.  All of the quotes come from the Seeking Alpha transcript. Revenue increased 8.6% to $386 million.  Acquisition adjusted revenue increased 2% or slightly in excess of GDP. The rest of growth was attributable to the acquisition of 6 Clear Channel Outdoor markets which in the first quarter of 2016. Adjusted cashflow increased 9.4% to $174 million.  The fact that […]

by billboardinsider· · 0 comments · Finance

Outfront Organic Revenue up 2.8% in 4Q 2016

Here are the highlights from Outfront’s  fourth quarter 2016 financials and Seeking Alpha Earnings call. Revenues decreased 0.3% to $397 million during the fourth quarter of 2016 as a 2.9% acquisition adjusted increase in revenues was offset by the disposition of the company’s Latin American business.  The 2.8% increase in organic revenues is higher than Lamar’s 2.0% figure and well in excess of GDP growth.   The increase was due to higher pricing and additional revenue from the conversion of static […]

by billboardinsider· · 0 comments · Finance

Clear Channel Outdoor Pays Dividend

As previously announced, on February 9, 2017, the Board of Directors of Clear Channel Outdoor Holdings, Inc. (the “Company”) declared a special cash dividend payable on February 23, 2017 (the “Payment Date”) to Class A and B stockholders of record at the closing of business on February 20, 2017 (the “Record Date”), in an aggregate amount equal to $282.5 million. As of the closing of business on the Record Date, there were 47,300,987 shares of Class A Common Stock and 315,000,000 shares of Class B Common Stock […]

by John Weller· · 0 comments · Finance

Daktronics revenue down 6% in third quarter of fiscal 2017

Digital sign manufacturer Daktronics reported a net loss of $2 million on revenue of $116 million for the third quarter of fiscal 2017 (3 months ended January 28, 2017).  The third quarter is historically Daktronics’ weakest due to seasonality in the sports business, construction cycles and a decrease in production days due to holidays.  Here are the highlights from the earnings release and the Seeking Alpha earnings call transcript. Revenue declined 6% to $116 million in the third quarter of […]

by billboardinsider· · 0 comments · Finance