US out of home stocks had an outstanding quarter as traffic rebounded and the economy began to open back up from Covid closures. Clear Channel Outdoor (blue), Lamar (green), OUTFRONT (purple) and S&P 500 (black) stock performance April-June, 2020 Clear Channel Outdoor increased 85% to $1.04 during the quarter versus […]
The out of home debt markets have been remarkably resilient during the Covid. Clear Channel just amended its credit agreement to get more flexibility. OUTFRONT did the same in April. Lamar expects to come through the downturn without asking for any covenants amendments from its lenders and it raised $400 […]
Here is a portion of yesterday’s press release from Clear Channel Outdoor. SAN ANTONIO, June 15, 2020 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) today announced that it has entered into an amendment (the “Amendment”) to the Company’s credit agreement, dated as of August 23, 2019 (the […]
With both the Senate and House approving changes to the Paycheck Protection Program, here is a quick summary of what is in the bill and one thing that is still left out. What’s Changed The following are the major changes to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). […]
OMAHA, Neb.–(BUSINESS WIRE)–Boston Omaha Corporation (NASDAQ: BOMN) (“Boston Omaha” or the “Company”) today announced the closing of its previously announced underwritten public offering of its Class A common stock, par value $0.001 per share (“Class A common stock”), at a price to the public of $16.00 per share, for a […]
Standard Diversified the public tobacco, vaping, insurance and out of home company sold Standard Outdoor, LLC to Billboards LLC, an affiliate of Standard General L.P. The spinoff is part of a plan of reorganization. Here’s what Insider has learned from Standard’s April 13, 2020 Sale announcement, 2019 10k and first quarter […]
Which Out of Home company grows revenues faster than expenses? Look at the chart below. Insider computed the change in revenues and expenses for Clear Channel, OUTFRONT and Lamar for the past 7 years. Lamar is the only company which grew revenue faster than expenses. Lamar’s revenues grew 5.8%/year for […]
Baton Rouge, LA – May 28, 2020 – 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 dividend of $0.50 per share payable on June 30, 2020, to stockholders of record of […]
The House is scheduled to vote today on changes to the Payroll Protection Program, not to bring more money into the program, but to create greater flexibility with those proceeds and the time frame for their use. The total funds made available for the PPP was $669 billion. The initial […]
NEW YORK – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has provided a debt financing package for Adams Outdoor Advertising, one of the largest independent suppliers of premium out-of-home media. The Company, which owns and operates advertising assets in 12 core markets across the U.S., will […]
