On last week’s earnings call OUTFRONT CFO Matt Siegel said the M&A pipeline was robust. Yesterday’s OUTFRONT announced the acquisition of Pacific Outdoor’s Portland out of home plant. Solomon Partners served as exclusive financial advisor to Pacific Outdoor. Here’s the OUTFRONT press release. NEW YORK, May 12, 2022 /PRNewswire/ — OUTFRONT […]
Some of the highlights from Jeremy Male’s bullish comments on this week’s OUTFRONT earnings call. Strong demand for OUTFRONT inventory Demand for our billboards has never been hotter. And given the flexibility of digital, we continue to book late incremental business. This is reflected in our increase in billboard yields, […]
“It’s great to be here sharing first quarter results which came in stronger than we anticipated,” was how OUTFRONT CEO Jeremy Male introduced Q1 2022 financials. Here are the results from the OUTFRONT 1Q 2022 earnings release, conference call and OUTFRONT 1Q 2022 earnings presentation. Revenues grew 44% to $374 […]
Billboard Insider has compiled a list of the board members for Lamar Clear Channel and OUTFRONT. Nice work if you can get it. Out of home board members get paid a median salary of $205,000. Clear Channel pays a median $245,000. OUTFRONT pays a median of $205,000. Lamar pays directors […]
Dodd-Frank requires public companies to disclose the pay ratio (e.g. the CEO’s total compensation compared to the median annual total compensation for all company employees). Billboard Insider has computed the pay ratios for Lamar, OUTFRONT and Clear Channel Outdoor pulled from each company’s Schedule 14A. Lamar had the lowest […]
Billboard Insider has compiled executive salaries for Lamar, OUTFRONT and Clear Channel Outdoor during 2021 based on data in each company’s Schedule 14A. Total compensation for Public US out of home execs for 2020 and 2021 Two observations Every exec got a pay increase in 2021. The median pay […]
The three giants of the US Out of Home industry – Lamar, Outfront Media and Clear Channel – are presenting at the World Out of Home Organization Global Congress in Toronto. The Congress runs next month from May 25-27. Lamar’s CEO Sean Reilly will share their unique culture and history, […]
A rising tide lifted all out of home sectors in 2021. Here are the 2021 annual US revenue figures broken down by sector. Street furniture revenue grew 43% in 2021, followed by billboards (up 17%), transit (up 11%) and place-based (up 3%). Roadside billboards have recovered and are […]
Today out of home development expert Andy Goodman talks about rooftop billboards. What’s important in a rooftop lease? To clarify, rooftop leases are billboards that are connected to the roof with angle iron and are supported by loadbearing walls. The lease should specifically state that the Outdoor company needs to […]
The public US Out of Home companies outperformed the market in the first quarter of 2022. OUTFRONT was up 7% on news that it’s markets are returning to normal. Clear Channel Outdoor was up 5%. Lamar was down 2%. The S&P 500 declined by 5%. The public US out of […]
