An uptick in Covid cases has taken some of the wind out of Clear Channel Outdoor’s recovery. Here are the results from the company’s 4th quarter 2020 earnings release and conference call. Total revenue was down 27% to $541 million as an uptick in covid cases delayed the company’s recovery. […]
Outfront is recovering slowly from Covid. Here are the results from the company’s fourth quarter 2020 earnings release and earnings presentation and conference call. Revenues declined by 31% to $336 million in the fourth quarter of 2020. Billboard revenues were down 13%. Transit and other revenues (sports marketing and transit) […]
From a Lamar Press release: BATON ROUGE, La., Feb. 25, 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 $0.75 per share payable on March […]
Morgan Stanley Media analyst Ben Swinburne was bullish on out of home on a recent Morgan Stanley Thoughts on the Market podcast. Swinburne’s said this: We have a bullish view of the advertising recovery. Every datapoint on advertising that we’ve been hearing lately has been positive and we remain of […]
Dusty’s Outdoor Media has sold over 200 faces in Tennessee, Kentucky, and Indiana to Trailhead Media. Williamson & Associates was instrumental through the negotiations and acted as the exclusive broker on the deal. Dusty’s portfolio now consists of over 320 billboard faces throughout Illinois and Missouri. An additional achievement is having […]
LOS ANGELES, Feb. 10, 2021 /PRNewswire/ — Brian Kennedy, Founder and long-time CEO of Regency Outdoor Advertising Inc. (“Regency”), has entered into an agreement to acquire 100% of the shares of Regency and all of its assets including hundreds of billboards in key locations throughout Southern California, and numerous strategic properties and buildings. Kennedy […]
LOS ANGELES, Feb. 10, 2021 – New Tradition, a leading Out-of-Home media company, announced today the acquisition of 87 advertising faces from Regency Outdoor Advertising’s portfolio of 411 locations. This transaction represents New Tradition’s largest acquisition to date, joining the company’s already strong portfolio in the Los Angeles area which includes […]
Last week Burkett Media sold four digital faces in San Antonio to OUTFRONT. Max Drachman at Kalil and Co was the broker. Insider talked with Beau Burkett about the transaction. What did you sell? Two signs (four digital units total) all 14x48s. I spent over a year working to craft […]
As a followup to our Tuesday article, Clear Channel, in a press release, announced that it priced its Senior Note offering of $1billion, due 2028, at an interest rate of 7.750%. The issuance and sale of the Notes is expected to be completed on February 17, 2021, subject to customary […]
SAN ANTONIO, Feb. 1, 2021 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) announced today that it will offer, subject to market and customary conditions, $1,000,000,000 aggregate principal amount of Senior Notes due 2028 (the “Notes”) in a private offering that is exempt from registration under the Securities […]
