Daktronics Reaches Agreement to Extend Near-Term Credit Facility Maturity Jan. 25, 2023 9:04 AM ET Daktronics, Inc. (DAKT) GlobeNewswire BROOKINGS, S.D., Jan. 25, 2023 (GLOBE NEWSWIRE) — Daktronics, Inc. (DAKT) today announced it has entered into an amendment to its credit agreement with its current lender, U. S. Bank National […]
Clear Channel stock is up 28% since Ares Management disclosed a 7% ownership position in the company on January 18, 2023. Ares Management is a publicly-traded investment fund which was formed in 1997 to make alternative investments. It has $341 billion in assets under management. Billboard Insider’s take: Ares is […]
By Ken Altena, Partner, Billboard Loans, LLC. Did you know that in 1977 a bank almost put Lamar Advertising out of business? Here’s Keven Reilly Sr. quoted in Signs of Opportunity: How Lamar Advertising grew into the biggest billboard business in America. In the spring of 1977…I received an emergency […]
Out of home industry investment banker Jim Johnsen of Johnsen Fretty had his birthday celebrated (where else) on a billboard. Standing in front of the billboard are some of Jim’s friends (left to right): Greg Ziomek (Ultralum), Jenna Panepinto (OUTFRONT), John Mahoney (OUTFRONT), Angela Rufo (OUTFRONT), John Carroll (Carroll Outdoor). […]
Here’s a selection of OUTFRONT CEO Jeremy Male’s comments at the Citi 2023 Communications, Media and Entertainment Conference last week. OUTFRONT had a busy M&A year in 2022 2022 was a great year for the industry…We’re up in the 20-ish range…We spent $400 million in terms of tuck-ins. . Digital […]
Stark Capital is proud to announce 2022 as the most successful year in company history with a total transaction volume in excess of $150,000,000. “For us, 2022 was headlined by the successful Burkhart / Lamar transaction of over 3,500 faces. It was an honor to represent Lamar in their largest […]
Lamar and OUTFRONT outperformed the market during the fourth quarter of 2022 while Clear Channel Outdoor lagged. Lamar was up 14%, OUTFRONT was up 10%, the S&P 500 was up 7% and Clear Channel Outdoor declined 23%. Delays in the sale of Clear Channel Europe and concerns about how a […]
Today out of home development and leasing expert Andy Goodman talks about when you should start a lease renewal When should you start talking about a lease renewal If the billboard is in a non-landscaped section of the freeway and the City will allow new billboards I will start talking […]
As we close out 2022, we’re reflecting upon the accomplishments our team at Verde Outdoor Capital achieved throughout the year. And despite financial turbulence and uncertainty in the market, we look forward to the possibilities and opportunities in 2023. Verde Outdoor Capital ended the year with a total portfolio commitment […]
Three things about the $93 million Clear Channel Switzerland sale which was announced yesterday. The price is OK. The sale price of 9.75 times segment cashflow is OK. For a wide variety of out of home transactions, Billboard Insider assumes 10 times segment cashflow as an average price. More than […]
