Finance

JC Decaux Recovering – But North America Still Lagging

JCDecaux announced full year 2021 revenues last week.  Good and bad. The good: 18.5% revenue growth worldwide. The bad: 4.8% revenue grown in the US. That’s the weakest recovery of any of the public North American out of home companies.  The table below shows that JCDecaux North America grew less […]

And So It Begins

If I told you that the economy grew at a 6.9% annual rate in 4th quarter, that we just ended the strongest year of growth in nearly four decades and that the national unemployment rate was at 3.9%, you might be feeling that our future is very bright. You would […]

How To Introduce Yourself To An OOH Banker

Billboard Insider gets lots of calls from individuals seeking out of home loans from its Billboard Loans, LLC affiliate.  Here are 5 tips on what to do to make the first conversation with a lender productive. Say your name and company name after hello.  It’s amazing how many people start […]

OUTFRONT Media Acquires Carroll Outdoor Assets in Boston

NEW YORK, NY – January 10, 2022 — OUTFRONT Media Inc. (NYSE:OUT) announced it has acquired 18 billboard assets from Carroll Outdoor. The billboard assets include 9 digital, 7 static, and 2 trivision panels in key areas near Gillette Stadium, I-495 and Routes 3, 93, I-95/128 and the Braintree Split. […]

Clear Channel Outdoor Closes 5 Acquisitions During Fourth Quarter 2021

Billboard Insider posted on the torrid fourth quarter 2021 out of home transactions market a couple of days ago. We have learned since then that Clear Channel Outdoor had been active along with the other major out of home companies.  The company closed 5 acquisitions in 4 different markets for digital […]

Out of Home Companies Outperform the Market during 2021

The three public US out of home companies outperformed the stock market during 2021.   Clear Channel (up 98%) led the way followed by Lamar Advertising (up 45%) and OUTFRONT (up 37%).  The S&P 500 increased 27%. Stock performance of Lamar (green), Clear Channel Outdoor (blue) and OUTFRONT (purple) versus the […]

Daktronics Revenues Grow 30% for 3 Months Ended October 2021

Daktronics revenues have recovered from covid but supply chain issues are impacting the digital billboard maker’s profits.  Here are the results from the Daktronics 2Q FY 22 earnings release and earnings call for the 3 months ended October 31, 2021. Revenue increased by 30% to $165 million due to eased […]

Huntington Billboards Acquires Certain Assets of Giesken Outdoor

Greenville, OH – Dec 20, 2021, Huntington Billboards, an owner, and operator of outdoor advertising signs throughout the Midwest, announced today that it has acquired certain assets of Giesken Outdoor Advertising. Giesken Outdoor operates a billboard plant in Northwest Ohio, with both digital and static billboards. Tom Giesken started the […]

Why a European Sale Makes Sense for Clear Channel Outdoor

Clear Channel Outdoor stock rose 8% yesterday after the company announced it will consider selling their European business.  Clear Channel Outdoor also increased fourth quarter 2021 revenue guidance.  It raised fourth quarter revenue growth by 2%.   Fourth quarter consolidated revenues are projected to grow 39-42% and return to pre-covid levels.  […]

Lamar Advertising Declares $1.00 Dividend and Special Dividend of $0.50

BATON ROUGE, La., Dec. 09, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $1.00 per share and a special cash dividend of $0.50 per […]