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 $93 million Clear Channel Switzerland sale which was announced yesterday. The price is OK. The sale price of 9.75 times segment cashflow is OK. For a wide variety of out of home transactions, Billboard Insider assumes 10 times segment cashflow as an average price. More than […]
SAN ANTONIO, Dec. 22, 2022 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) today announced it has entered into a definitive agreement to sell its business in Switzerland to Goldbach Group AG, an affiliate of TX Group AG, for CHF 86.0 million, or US$ 92.7 million1. The Company’s Swiss business […]
Earlier this month, Genesis Outdoor Advertising divested its Mid-Atlantic outdoor advertising plant to Lamar Advertising Company. The sale included digital and static advertising faces located across eastern Ohio and western Pennsylvania. “After many years of hard work to find good locations, to get them entitled, and build both static and […]
The Fed raised interest rates another half percent yesterday to combat inflation. The prime rate, which is the lending index for most private out of home companies, has more than doubled over the past year as you can see below. The Federal Reserve signaled yesterday that there may be one […]
Here are the results from Daktronics earnings release and earnings call for the second quarter of fiscal year 2023 (3 months ended October 29, 2022). Revenue increased by 14% to $187 million for the second quarter of fiscal 2023. The company had a net loss of $12 million for the […]
Ken Altena has 35 years experience as a lender to out of home companies. He is a partner in Billboard Loans, LLC. As a lender, I am often asked, “How much can I borrow?” The answer is, “it depends.” It depends on your borrowing costs and it depends on how […]
Baton Rouge, LA – December 8, 2022 – 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 $1.20 per share and a special cash dividend of $0.30 per share, […]
Billboard Insider has picked up more information related to our Daktronics story from yesterday. First is a press release from Daktronics on an addition to their Board of Directors. Here is a portion of that release. BROOKINGS, S.D., Dec. 07, 2022 (GLOBE NEWSWIRE) — Daktronics, Inc. (NASDAQ – DAKT) today […]
Yesterday the digital billboard maker Daktronics delayed the release of financial statements for the quarter ended October 29, 2022 until December 12. Here is the Daktronics 8k released in connection with the delay. Billboard Insider has highlighted two sections in bold. On December 5, 2022, management of Daktronics, Inc. (the […]
