New York City has a 3.9% commercial rent tax which applies to billboards and advertising signs. The tax applies to businesses south of 96th street with an annual gross rent paid of at least $250,000. Two city council members are introducing legislation to exempt the rental of Broadway billboards from […]
Author: billboardinsider
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 […]
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 […]
Company Of The Day: HB Outdoor
Company: HB Outdoor Market: Georgia Headquarters: 1775 Woodstock Rd, Suite 150 Roswell, GA 30075. Phone: 770-951-8222 Email: billyharvin11@gmail.com HB Outdoor operates forty faces in Georgia including a double sided trivision in Winder, two-sided digital billboards in Buford and Norcross and a double sided static billboard in Norcross. The company is […]
Lamar wants new board in Chandler AZ
Lamar has requested a zoning change to put up a digital sign along Loop 202 in Chanler AZ according to AZ Central. It would be the first new sign in 32 years. Lamar would like to put a 70 foot two sided digital billboad on the north side of Loop […]
Old School Billboards Get Results In LA
Variety has an excellent post titled “Billboards in LA: Old School Method Still Gets Results in Busy City”. The movie theater industry spends approximately $250,000 per movie on billboards in LA. Insider was stunned by the prices the boards command: Burbank $3,500-6,500/month Studio City $4,500-7,500/month Century City $6,500-10,000/month West Hollywood […]
Morrow passes 90 day billboard moratorium
The Clayton News Daily reports that Morrow, Georgia has passed a moratorium on billboard construction. The moratorum stops construction or application for billboards over 35 square feet in size. The moratorium was requested by the city attorney’s office to review the constitutionality of the city’s sign ordinance in the wake […]
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.
Rocket Interactive Uses Outdoor/Ad Agency Business Model
My Daily Tribune did an article on Rocket VII Interactive last week. Rocket VII Interactive operates a movie theater, a web design business, an ad agency and five Formetco digital billboards in Gallipolis, Ohio. Two points in the article are worth comment. There can be synergies if a small company […]
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 […]
