Clear Channel Outdoor CEO Scott Wells and CFO Brian Coleman appeared last week at the Cit 2023 Technology Conference. Here are the highlights. Wells says European asset sales won’t reduce leverage We would love for these to be deleveraging transactions but when you have a debt multiple like we do […]
Grow transit, cut expenses, convert digitals, fewer acquisitions. That’s OUTFRONT’s plan for the next year based on CEO Jeremy Male’s comments at the Citi 2023 Global Tech Conference last week. Here are some highlights. Goals for the year ahead Getting the top line moving again next year…particularly within our transit […]
Yesterday Lamar advertising declared a $1.25 quarterly dividend on Class A and B common shares. This equates to a return of 5.46% per annum return on Lamar’s stock price of $91.58. Outfront declared a $0.30 quarterly dividend which equates to a 10.1% return on stock on a stock price of […]
I am very happy to have finally retired from banking, and I am grateful to Dave Westburg and John Weller of Billboard Insider for letting me write articles about out of home finance. Before I retired in July, it was clear that banks were tightening credit standards and terms. I […]
A Billboard Insider reader asks: Hi Dave. One quick question. When you get ready to sell your plant is it more of and advantage to sell your land under your structures and get a perpetual easement, before selling. Or keep the land and sell it as a whole. Yesterday valuation […]
Malone, NY 8/23/23 – Royal Forgues of Bseen 24-7.com, a leading outdoor advertising company, is thrilled to announce its recent acquisition of Northway Outdoor interstate assets to the Bseen 24-7,com market. This strategic move will significantly strengthen Royal Forgues presence and expand its operations in the northern New York region. […]
A Billboard Insider reader asks: Hi Dave. One quick question. When you get ready to sell your plant is it more of and advantage to sell your land under your structures and get a perpetual easement, before selling. Or keep the land and sell it as a whole. Out of […]
SignValue has prepared the following analysis of Clear Channel Outdoor’s 2nd Quarter 2023 financials. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400. To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title. Our newsletter […]
SignValue has prepared the following analysis of Lamar Advertising’s 2nd quarter 2023 financials. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400. To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title. Our newsletter is free and we […]
Moorgate Capital Partners has analyzed out of home leverage and cost of debt trends thru March 2023. Weight average debt costs have increased at the public out of home companies due to a rise in interest rates. Lamar Advertising’s weighted average cost of debt increased from 4.8% at March 2023 […]
