Finance

Link Media Revenues Up 24% in 2022

Link Media Outdoor continues to benefit from scale economies associated with acquisitions.  Here are the results for Link Media Outdoor as disclosed in the Boston Omaha 2022 10k. Revenues grew 24% to $39.2 million due to the acquisition of Keleher outdoor and Missouri Neon as well as in improvement in […]

Current Trends in the Out of Home Industry

By Chris Stark and Craig Berry, Stark Capital Solutions For more than 20 years, Stark Capital has had the unique opportunity to be involved in both the financing and M&A segments of the billboard industry. We frequently talk with operators country-wide about their businesses, which gives us a unique perspective […]

SignValue’s Clear Channel Outdoor at a Glance

SignValue has prepared the following analysis of Clear Channel Outdoor’s 4Q 2022 financials. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400.   To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title.  Our newsletter is free and we don’t […]

SignValue’s OUTFRONT at a Glance

SignValue has prepared the following analysis of OUTFRONT Media’s 4Q 2022 financials. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400.   To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title.  Our newsletter is free and we don’t sell […]

SignValue’s Lamar at a Glance

SignValue has prepared the following analysis of Lamar Advertising’s 4Q 2022 financials. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400.   To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title.  Our newsletter is free and […]

Four Things About OUTFRONT

Four things about OUTFRONT media which Billboard Insider learned from reading OUTFRONT’s 2022 annual report and k1. Lots of non-conforming billboards “We estimate that approximately 75% of our billboard structures in the U.S. are “legal nonconforming” billboards, meaning they were legally constructed under laws in effect at the time they […]

$250,000 and Not a Penny More!

Silicon Valley Bank failed over the weekend.  Silicon Valley bank was the 16th largest bank in the US.  It specialized in banking startup tech companies.  In the 90’s Silicon Valley Bank funded media companies including out of home but exited the sector.  The failure of Silicon Valley could be a […]

Out of Home Leverage Declining but Debt Costs Rise

Moorgate Capital Partners has prepared a summary of out of home leverage and cost of debt trends thru December 2022.  The cost of out of home debt has risen by 100-200 basis points over the last year due to Federal Reserve interest rate increases.   Lamar has the lowest weighted average […]

3 Things About Lamar

Three things about Lamar Advertising which Billboard Insider learned from reading the Lamar Advertising 2022 10k. Local, local, local. “Local advertising constituted approximately 78% of our outdoor net revenues for the year ended December 31, 2022 which management believes is higher than the industry average.”  True indeed.  OUTFRONT gets 55% […]

Clear Channel Outdoor Revenues Up 0.9% in 4Q 22.

“We’re off to a good start and believe 2023 will be a positive year for the business, despite some uncertainties regarding the macro environment,” said Clear Channel CEO Scott Wells yesterday.  Here are the results of the Clear Channel Outdoor 4Q 2022 earnings release, 4Q 2022 earnings presentation and conference […]