Here are five things about Lamar Advertising Billboard Insider learned from reading Lamar Advertising’s 2023 10-k. Billboards, Billboards, Billboards Lamar is all about roadside billboards. Roadside billboards have averaged 88-89% of Lamar’s total revenue for the past 10 years. The company’s highway sign logo business has accounted for 4-6% of […]
Clear Channel issued a press release confirming details on a new term loan debt facility through their wholly owned subsidiary, Clear Channel International B.V. (“CCIBV”). CCIBV closed on the agreement on March 22nd with J.P. Morgan Chase Bank as the agent on the loan facility. Proceeds of the CCIBV Term […]
Inflation matters for an out of home company. It tells you how fast you need to grow revenues to avoid going backwards and landlords incorporate inflation into their out of home rent expectations. In January Billboard Insider reported that inflation was 3.4% for 2023. The good news is that inflation […]
DULUTH, Ga., March 13, 2024 /PRNewswire-PRWeb/ — Formetco, LLC. (“Formetco” or “the Company”) announced today that it recently closed a new $15 million debt facility with Fifth Third. Proceeds from the new facility were used to refinance existing debt and provide additional liquidity to fund future growth. Formetco, founded in 1968 and headquartered in Duluth, […]
Billboards are growing very slowly and other sectors are growing fast. That’s how you can summarize JCDecaux’s 2023 financials. Here are the results from the JCDecaux 2023 earnings release. We have translated the financials from euros to dollars using today’s exchange rate of 1 euro to 1.095 dollars. Total revenue […]
Airports and Europe-North drove a good fourth quarter for Clear Channel Outdoor. Here are the results of the Clear Channel Outdoor 4Q 2024 earnings release, Clear Channel Outdoor 4Q 2024 Investor Deck and conference call. Revenue increased 12% to $632 million due to increases in airports and Europe-North. Airports revenue […]
Lamar CEO Sean Reilly introduced Lamar’s 4Q 23 earnings release with a familiar script: “Revenue growth accelerated as we moved through the fourth quarter, primarily because of strength in local sales. In addition, our team continued to do an outstanding job controlling expenses…” Here are the results from Lamar’s 4Q […]
Revenues up slightly, cashflow down slightly was how you could summarize the OUTFRONT 4Q 2023 press release, 4Q 2023 earnings presentation and conference call. Revenues increased by 1.3% in the fourth quarter of 2023. Billboard revenue increased 2.6%. Transit revenue declined 4%. Local revenue grew 4.5%. National revenue declined 3.1%. […]
Yesterday Craig Berry of Stark Capital discussed private equity terms and conditions. Today he shares 8 tips for independent operators to consider when negotiating and structuring equity transactions. Tips on Negotiating and Structuring Private Equity Investments: #1 Secure a commitment first before you draw the capital. If the objective is […]
Previous installments of Billboard Insider’s private equity and out of home series have discussed why to raise private equity, what to look for in a partner and how to value your shares. Today Craig Berry of Stark Capital Solutions discusses private equity terms and conditions. Stark Capital has participated in […]
