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 $93 million Clear Channel Switzerland sale which was announced yesterday. The price is OK. The sale price of 9.75 times segment cashflow is OK. For a wide variety of out of home transactions, Billboard Insider assumes 10 times segment cashflow as an average price. More than […]
SAN ANTONIO, Dec. 22, 2022 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) today announced it has entered into a definitive agreement to sell its business in Switzerland to Goldbach Group AG, an affiliate of TX Group AG, for CHF 86.0 million, or US$ 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 […]
