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.

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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 […]

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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 […]

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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 […]

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