Finance

Clear Channel Outdoor confirms Mubadala Capital sale to close in 4Q 2026

Clear Channel Outdoor filed a form 8k yesterday confirming that the Mubadala sale will close before the end of the year.  Clear Channel Outdoor stock rose 1.91% to $2.405 in response.  Here’s the release Item 7.01 Regulation FD Disclosure.     On October 1, 2026, Clear Channel Outdoor Holdings, Inc. (the “Company”) […]

US Out of Home Stocks Underperform Market in 3Q 2026

US out of home stocks underperformed the market for the third quarter of 2026 as rising interest rates and fears of a possible recession impacted values.   Here’s a review of US out of home stock performance in the third quarter of 2026, sponsored and analyzed by SignValue. During the […]

Capital spending averages 5.75% of revenue for the public out of home companies.

What should your annual capital expenditures be excluding large one-time acquisitions?  We’ve heard OUTFRONT’s CFO Matt Siegel mention that OUTFRONT spends approx 5% of revenue on capital projects on investor calls.  Look at this analysis prepared by Jeff Seddon of Moorgate Capital Partners.   Capital spending (excluding acquisitions) averages 5.75% […]

Verde Outdoor Unveils New Brand and Website

Tempe, AZ — Verde Outdoor Capital (VOC) is entering its next era of growth with broader financing capabilities, a refreshed brand identity and a new website designed to better serve operators across the outdoor advertising industry. VOC provides $2 million to over $50 million in financing for acquisitions, refinancing, recapitalizations, […]

Leverage Down and Debt Costs Stable for Public OOH Companies in 2Q 2026

Moorgate Capital Partners produces an outstanding quarterly report on the out of home advertising industry. Here are some charts from Moorgate’s 2Q  2026 report which caught our eye. The weighted average cost of debt was stable for the public out of home companies during the second quarter of 2026.  Clear […]

Lamar’s Sean Reilly Opens Nasdaq

Lamar Advertising CEO Sean Reilly rang the NASDAQ opening bell yesterday.  He was surrounded by Lamar family members, board members and executives.  Here are his remarks: Good morning, and on behalf of everyone at Lamar. I’d like to extend a thanks to NASDAQ for hosting us. It is absolutely wonderful […]

Lender Profile: Stark Capital Solutions

Billboard Insider is continuing its series on out of home lenders.  Today’s profile is based on an interview with Chris Stark of Stark Capital Solutions. Lender:  Stark Capital Solutions Address: 5829 N Post Rd., Indianapolis, IN. 46216 Email: cstark@starkcapitalsolutions.com, cberry@starkcapitalsolutions.com Phone: 260-433-5833 Talk about your background in out of home: I was first introduced […]

Vastino Ventures Buys New England OOH Assets from Carlise Capital Corporation

Out of home exec Dominick Vastino has been on the sidelines since selling Premier Outdoor Media to Lamar Advertising in May 2025.  Looks like that has changed.  See announcement below from Kalil and Co… September 16, 2026 Vastino Ventures, Inc. has acquired strategic outdoor assets in New England from Carlisle […]

Out of Home Trading Multiples – September 2026

Billboard Insider always enjoys reading Solomon Partners Media monthly.  The September 2026 Solomon Partners Media Monthly shows that Out of Home Media companies are trading at a median 2026 estimated EBIDTA multiple of 11 times. Billboard Insider’s take: Keep in mind that these multiples are based on 2026 estimated performance. […]

OUTFRONT Sharpens the Pencil

OUTFRONT CFO Matt Siegel has changed the company’s focus from revenue to cashflow.  Here’s an analysis of Siegel’s activities, sponsored and analyzed by SignValue. OUTFRONT has shown a willingness to exit low margin municipal billboard contracts in New York and LA. OUTFRONT shed 6% of their workforce in 2025. OUTFRONT […]