Billboard Loans Management, LLC has launched Billboard Loans Fund Three, LLC, an income-oriented loan and investment fund which commenced operation on June 1, 2022. The fund was formed with capital from accredited investors, supplemented by a line of credit from Washington Trust Bank. The fund seeks senior secured out of […]
Clear Channel Outdoor CEO Scott Wells was bullish on out of home at yesterday’s 50th Cowen Tech, Media and Telecom conference. The big picture The last two weeks we’ve had our US Outdoor conference and the global outdoor conference…the vibe at all of those is really positive. The industry has […]
At this week’s JP Morgan Global Tech and Media conference Sean Reilly gave a short course on how Lamar approaches M&A. M&A We do an awful lot of M&A. Last year we did a little over $310 million in billboard transactions. The average transaction size was $6 million. So it’s […]
Here’s a selection of OUTFRONT CEO Jeremy Male’s comments at the JP Morgan Global Technology, Media and Communications Conference this week. Programmatic is sold at a premium If you look at our programmatic business…you’ll see we’re getting a buck extra cpm on programmatic… OUTFRONT is pushing rate We still have […]
By Chris Stark and Craig Berry, Stark Capital Solutions If you’ve been keeping up with the news lately, you’ve probably seen discussions over rising interest rates and the Federal Reserve’s recent rate hike of 25 basis points in March, then another 50 basis points in May. With more rate hikes […]
SignValue has prepared infographics summarizing the performance of Lamar, OUTFRONT and Clear Channel Outdoor during the first quarter of 2022. [wpforms id=”9787″] Paid Advertisement
BATON ROUGE, La., May 19, 2022 (GLOBE NEWSWIRE) — Lamar Advertising Company (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 payable on June 30, 2022 to stockholders of record […]
On last week’s earnings call OUTFRONT CFO Matt Siegel said the M&A pipeline was robust. Yesterday’s OUTFRONT announced the acquisition of Pacific Outdoor’s Portland out of home plant. Solomon Partners served as exclusive financial advisor to Pacific Outdoor. Here’s the OUTFRONT press release. NEW YORK, May 12, 2022 /PRNewswire/ — OUTFRONT […]
Here are the results from the Clear Channel Outdoor 1Q 2022 earnings release, Clear Channel Outdoor 1Q 2022 investor presentation and conference call. Revenue increased by 42% to $525 million during the first quarter of 2022. European revenues grew 45% and US revenue grew 39%. Cashflow (EBIDTA) increased by to […]
“The year is off to an excellent start,” was how Lamar CEO Sean Reilly introduced the company’s 1Q 2022 earnings. Here are the results of Lamar’s first quarter 2022 earnings release and conference call. Revenues increased 22% to $451 million. Billboard revenues are up 17%. Digital revenues are up 20%. […]
