Finance

Lind Media Acquires Ohio Assets

The Mansfield News Journal reports that Lind Media announced that they have acquired over 500 billboards in the Cleveland, Columbus and Cincinnati markets.  Also included are assets in Richland, Ashland, Crawford, Morrow Marion, Wayne, Knox, Fayette and Clinton counties. Lind Media Company, organized in 1991 by John L Siegenthaler, operates over 1,300 billboards in 27 Ohio and Indiana counties.  When Insider asked John Sigenthaler about the acquisition he had the following comment: “We very much anticipate future acquisitions that make sense for us.Our […]

by John Weller· · Comments are Disabled · Finance

Tax Advantages of Buying A Billboard

Watchfire’s blog has a great post called “Purchasing New Signage – Understand Section 179 and save money.”  The “Protecting Americans from Tax Hikes Act of 2015” allows a small business to take a depreciation writeoff of the entire amount of equipment bought in 2016, up to a $500,000 maximum.  If you have a mature outdoor plant which is generating taxable income there is a huge tax advantage of buying a digital sign because you’ll be able to write off the […]

by billboardinsider· · Comments are Disabled · Finance

Drachman Sees M&A Opportunities For Independent Outdoor Companies

Investment banker Max Drachman of Kalil & Co has been busy doing outdoor transactions.  Insider asked Max to talk about the outdoor M&A market.  You can reach Max at kalil@kalilco.com, 520-795-1050. Max Kalil and Co has been busy in the first quarter. What have you done? Yes, we have had a great quarter. We have closed three Outdoor deals so far: Jag Outdoor- We sold Jag Outdoor in northeast Wisconsin to Link Media. Jag was a 70 year old billboard […]

by billboardinsider· · Comments are Disabled · Finance

Clear Channel Outdoor Wins DC National and Dulles Airport Contract

Businesswire has announced that the Metropolitan Washington Airports Authority has awarded Clear Channel Outdoor a contract to provide advertising at DC’s Washington Dulles and Reagan National airports.  Here are the highlights: An 8 term contract term with one 2 year option to extend. 4 digital sign networks, 75 HD screens and 3 large format screens at Washington Dulles Airport. 6 digital sign networks, 49 HD screens and three 21′ digital screens at Reagan National Airport. Clear Channel Airports, a division […]

by billboardinsider· · Comments are Disabled · Finance

Scott Wells Buys Clear Channel Shares

Microcap reports that Clear Channel Outdoor Scott Wells bought 5,000 shares of Clear Channel Outdoor on March 4.  With the purchase Wells directly owns 50,283 shares of stock valued at $209,000. Insider’s take: If Insider were a Clear Channel Outdoor shareholder, he’d be happy that an insider is buying.  A $209,000 direct equity stake isn’t much, however for a CEO of a public company.  Insider bets that most of you have more than this invested in your business if it’s […]

by billboardinsider· · Comments are Disabled · Finance

Alaska Doesn’t Allow Billboards But Loves Lamar

Alaska doesn’t allow billboards so Insider had a laugh today when he read a story in Hilltop News saying that the Alaska Department of Revenue owned 37,610 shares of Lamar worth $2.25 million at December 2015.  Alaska increased the number of Lamar shares it owned by 4.4% during the fourth quarter.  We don’t allow billboards but it’s a great business with great returns and we want to be invested in the sector.  Sort of like a an anti-GMO person taking […]

by billboardinsider· · Comments are Disabled · Finance

Fairway Swaps Atlanta Plant To Clear Channel For Indy Plant

Insider has heard from multiple sources that Fairway Outdoor is trading Atlanta outdoor assets and some cash to Clear Channel Outdoor for Clear Channel’s Indianapolis plant.   The Clear Channel Office in Indianapolis still answers the phone as Clear Channel Outdoor.

by billboardinsider· · Comments are Disabled · Finance

Clear Channel Sells Columbus To Lamar

Zacks reports that Clear Channel Outdoor has sold its Columbus analog and digital billboards to Lamar.  the transaction follows a January 2016 $458 million sale of 5,500 bulletins and 132 digital displays to Lamar.  No price was disclosed. Insider expect to see more asset sales from Clear Channel Outdoor.  Clear Channel Outdoor is overleveraged.  The creditors of IHeart Media, Clear Channel Outdoor’s parent, allege that Iheart is in default of credit agreements.  Bloomberg suggests that it is simply a matter […]

by billboardinsider· · Comments are Disabled · Finance

Outdoor revenues reach new high.

US outdoor revenue has recovered from the great recession and reached a new high according to the OAAA.  A couple things stand out from the March 2016 OAAA revenue release.   US outdoor revenues grew at a robust 5.8% rate during the fourth quarter to finish up 4.6% to $7.3 billion for the year.  This was impressive versus US GDP growth of only 2.4% for the year. The top 10 outdoor advertisers for 2015 were (in order of importance): McDonalds […]

by billboardinsider· · Comments are Disabled · Finance

Max Drachman Says Outdoor Market Is Strong

Max Drachman is an outdoor advertising investment banker with Kalil and Co. Drachman talked with us earlier this month about outdoor values and trends in the transaction market. What trends did you see in the transactions market in late 2015. From our perspective, the end of 2015 was consistent with what we saw throughout the calendar year, which was very strong for Outdoor M&A. Multiples were still ranging between 8x-14x BCF (Billboard Cash Flow). We see those multiples tied closer […]

by billboardinsider· · Comments are Disabled · Finance