Finance

Next steps for Clear Channel Outdoor shareholders?

Earlier this week Clear Channel Outdoor agreed to sell to Mubadala Capital/TWG for $6.2 billion.  A Billboard Insider reader asks: “I’m curious what the next step would be for Clear Channel Outdoor stock holders?” Here’s what we know after reviewing the Form 14A Clear Channel Outdoor filed on the sale. […]

Analyzing the Clear Channel Outdoor Sale

Yesterday, Clear Channel Outdoor announced a sale to Mubadala Capital/TWG for $6.2 billion.  Here’s an analysis of the sale, sponsored and analyzed by SignValue. A 12.8 times adjusted cashflow purchase multiple The transaction gives Clear Channel Outdoor an enterprise value of $6.2 billion.  That works out to 12.76 times Clear […]

Seeing the Economy Clearly: Christopher Thornberg Takes the IBO Stage

  Sponsored by Drachman M&A Co. Understanding where the economy is headed isn’t an academic exercise for independent billboard operators. It’s a business necessity. Advertiser confidence. Media budgets. Real estate values. Infrastructure investment. Traffic demand. The economic backdrop shapes the decisions you make and the risks you take every day. […]

Thinking About Selling Your Billboard Assets? Read This Before Taking a Direct Offer

By Marty Williamson President and CEO at Williamson and Associates Mergers & Acquisitions Over the past several months, something interesting has been happening in the OOH industry. More and more billboard companies are reaching out directly to independent operators—sometimes by phone, sometimes by email, and increasingly through regular mail —asking […]

Who Wants to Get Paid and When During New Billboard Construction

Here’s a short course on who wants to be paid when during billboard construction.  This matters because it means you’ll need to put up your capital several months before the billboard is generating cash. Permit costs – Paid up front before issuance of permit. Steel fabricators – 50% deposit when […]

The Pros and Cons of Private Financing for your Out of Home Company

This is the fourth column in Billboard Insider’s series on out of home debt. We’ve previously discussed factoring, lease financing, and bank financing. Today we talk with Craig Berry of Stark Capital to discuss the pros and cons of using a private specialized lender to finance and grow your OOH […]

Wall St Forecasting 2-3% Yearly Growth for US Out of Home Through 2027

An interesting chart on the projected US out of home annual ad spend for the next two years.   The chart was prepared by Moorgate Capital Partners and is contained in the Moorgate OOH Industry Q3 OOH Snapshot.    Morgan Stanley and JP Morgan project US out of home annual […]

Alerus Not Making New Out of Home Loans

Alerus Financial (formerly Metro Phoenix Bank) is no longer making new out of home advertising loans.   Alerus considered a sale of the $55 million loan portfolio but Billboard Insider hears it now plans to make no new loans and let the portfolio run off. What does this mean for […]

The Pros and Cons of Bank Financing for Your Out of Home Company

This is the third column in our series on out of home debt.  We’ve previously talked about factoring and out of home lease financing.  Today we’ll discuss the pros and cons of using a bank to finance your out of home company.  Bank financing is the most common form of […]

SignValue’s Link Media at a Glance – September 2025

SignValue has prepared the following Q3 2025 financial overview for Link Media Outdoor.   If you have questions, contact one of SignValue’s experienced analysts for a free and confidential consultation at info@signvalue.com or call 480-657-8400.   To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word […]