Finance

Clear Channel Outdoor Stock Rallies on Europe Sale Rumors

Yesterday we reported that Clear Channel Outdoor is close to selling Europe.  The market was pleased by the news.  Clear Channel stock broke higher first thing in the morning and closed the day up 16% to $1.23 while Lamar was up 1%, OUTFRONT was up 0.5% and the S&P 500 […]

3 Things About Boston Omaha

Billboard Insider enjoys reading Boston Omaha’s annual letter.  It is refreshingly clear of the usual corporate non-speak jargon.  Here are 3 things we learned from the Boston Omaha 2021 Annual Letter. Billboards, bonds and broadband. Boston Omaha assets are concentrated in billboards, bonds (e.g. insurance) and broadband as you can […]

Oral Agreements and Out of Home Lenders

If you intend to borrow money to grow your Out of Home company, you need to understand that in most states lenders are protected from liability for oral promises and commitments.  Here’s the Washington state language: Oral agreements or oral commitment to loan money, extend credit, or to forbear from […]

Restructuring Charges at Clear Channel Outdoor

Restructuring charges are one-time expenses that a company recognizes when reorganizing operations.  A company separates these expenses out on their financial statement and does not include them when computing cashflow (EBIDTA).  Restructuring charges are in theory one-time events but you can see that in the last stages of the William […]

US Out of Home Stocks Suffer in 2Q 2022

The US out of home stocks suffered in the second quarter of 2022 as investors sold on fears that a recession will hurt ad based companies for than the market.  The S&P 500 index declined 16% on recession fears.  Lamar stock dropped 25% in the second quarter.  Outfront declined by […]

Should I Be Worried About Interest Rates?

Insider has had a number of readers who have asked about the trend in interest rates and whether they should be concerned.  The short answer is, not yet. The best way to demonstrate this is through two graphs showing the historical changes in both the Federal Funds Rate and the […]

Stark Capital: Two More Acquisitions to Lamar

Indianapolis, IN – Stark Capital Solutions, Inc., an OOH focused investment-bank and capital provider, announces the following two acquisitions to Lamar Advertising: Ralston Outdoor Advertising has completed a divestiture of digital and static billboard displays in Shreveport, LA.  Earlier this year, Stark Capital provided the funding for Ralston to acquire […]

Lamar Pulls its SPAC

Lamar Partnering has pulled the plug on its $300 million SPAC.  Here’s the SEC filing.   LAMAR PARTNERING CORPORATION 5321 Corporate Boulevard Baton Rouge, Louisiana 70808 June 21, 2022 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, D.C. 20549 Re: Lamar Partnering Corporation […]

What OOH Sectors are Up and What Sectors are Down

US Out of Home revenues grew 41% in the first quarter of 2022.  When you look into the numbers you can see Place Based, Transit and Street revenues grew in triple digits versus 22% growth for Billboards. High growth for Place Based, Transit and Street furniture is due to the […]

A New Lending Fund for Small Out of Home Borrowers

Billboard Loans Management, LLC has launched Billboard Loans Fund Three, LLC, an income-oriented loan and investment fund which commenced operation on June 1, 2022.  The fund was formed with capital from accredited investors, supplemented by a line of credit from Washington Trust Bank.  The fund seeks senior secured out of […]