Finance

3 questions to ask if you want to start an Out of Home company

By Dave Westburg, Co-Publisher, Billboard Insider. I’ve had a hand in starting two out of home companies as well Billboard Insider and 6 funds which invest in the out of home industry.  Here are three things you need to ask yourself if you want to start your own out of […]

Clear Channel Outdoor and OUTFRONT Outpace Market in 3Q25

Clear Channel Outdoor stock has been rising on talk of a company sale.  Here’s a summary of public company stock performance for the 3 months ended September 30, 2025, sponsored and analyzed by SignValue. Clear Channel Outdoor (blue), OUTFRONT (purple), Lamar (green) and S&P 500 (orange) stock performance for 3 […]

Adams Acquires TDO Outdoor

Lansing, MI – October 1, 2025 — Adams Outdoor Advertising (Adams) today announced the acquisition of Toledo-Detroit Outdoor (TDO Advertising), marking a significant step in the company’s strategic growth. This move further strengthens Adams’ established presence in southeast Michigan’s Detroit and Ann Arbor markets and expands coverage into northwest Ohio. […]

Lamar Advertising Completes Refinancing, Strengthening Balance Sheet

BATON ROUGE, La., Sept. 25, 2025 (GLOBE NEWSWIRE) — Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed $1.1 billion in refinancing transactions through its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), strengthening its […]

Does a US asset sale make sense for Clear Channel?

Clear Channel Outdoor stock has been rising following news that the company’s 6th largest shareholder wants to see more asset sales.    Does a sale make sense for Clear Channel Outdoor shareholders?  Here’s an analysis prepared by SignValue which conservatively assumes no value for any of Clear Channel Outdoor’s international […]

Clear Channel Up 7% on News Activist Shareholder is Pushing Sale

Clear Channel Outdoor stock rose 7% yesterday on news that activist investor Anson Holdings is pushing for a sale. Clear Channel Outdoor executives have downplayed a sale of the company in the past, claiming that the low tax basis on the company assets makes a sale infeasible because too much […]

Lamar Announces and Prices a Private Offering of Senior Notes

September 22, 2025 BATON ROUGE, La., Sept. 22, 2025 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp. ‎(“Lamar Media”)‎, has agreed to sell $400.0 million in aggregate principal amount of 5.375% Senior Notes due 2033 (the “Notes”) through an institutional […]

Clear Channel Outdoor’s Three Year Plan

At the September 9 Investor Day, Clear Channel Outdoor presented a detailed review of the current Clear Channel Outdoor business and operating plan for 2025-2028.    Here’s a review of the plan, sponsored and analyzed by SignValue. Clear Goals The plan was refreshingly clear about what Clear Channel wants to […]

Who’s Spending What on Acquisitions?

Moorgate Capital Partners produces an outstanding quarterly report on the the of home advertising industry.  This chart on public company M&A activity over the past 5 years shows that Lamar has returned to the market but OUTFRONT and Clear Channel are staying on the sidelines. Lamar closed $104 million in […]

SignValue Helps Lamar Win Damages for Inverse Condemnation

In 2008, a local dealership in Broken Arrow, Oklahoma, sought approval from the City’s Planning Department to build a new Collision Center on its existing property along the Broken Arrow Expressway. At the time, Lamar Advertising maintained two back-to-back vinyl bulletins (four displays) on the site, prominently facing the highway. The […]