Financing is critical for your out of home business. In February we ran articles about Formetco’s Digital Billboard Financing Program and Formetco Financing to Replace Aging Billboards. Today we talk with Tony Hull about Yesco’s financing programs. Lender: YESCO Financial Solutions Contact: Tony Hull Email: thull@yesco.com Phone: 801-464-6482 […]
Landmark Infrastructure revenues and cashflow increased sharply but the company did not add any new out of home advertising lease or easements. Here’s a summary of the Landmark 1Q 2021 financial release and conference call. Revenue increased 25% to $17 million during the first quarter of 2021 due to acquisitions […]
OUTFRONT is recovering from COVID slower than Lamar. Here are the results from OUTFRONT’s 1Q 21 earnings release, 1Q 21 earnings presentation and conference call. Revenue declined by 33% to $259 million during the first quarter of 2021. US billboard revenue was down 17%. US transit revenue was down 67%. […]
Lamar continues to recover from covid with a stronger than exected first quarter. Here are the results of the earnings release and conference call. Revenues declined 8.8% to $371 million. Organic or acquisition adjusted revenues declined 8.2%. Adjusted EBIDTA was down 4.6% to $152 million during the first quarter of […]
Billboard Insider talked with Kalil and Company’s Max Drachman last week to get an update on the out of home transactions market. Max, how is 2021 shaping up in terms of deal volume? The year started a bit slower than usual, however it is picking up in a hurry. We […]
The public out of home executives took pay cuts during 2020. Here’s a breakdown of who made what at Lamar, OUTFRONT and Clear Channel Outdoor, based on data in each company’s Schedule 14A. Total Compensation for Public US Out of Home Company Executives 2019 and 2020 compared with last year […]
Out of Home financing is a specialized form of finance. To save you the time and trouble of having to educate your lender on the ins and out of out of home here’s an alphabetical list of 51 out of home lenders prepared by SignValue and Billboard Insider. We’ve included […]
Boston Omaha raised $59 million in cash via sale of 2.6 million shares of class A common stock at a price of $25 per share. Proceeds from the sale will be used to grow the company’s Link Media Billboard business and to fund the expansion of Boston Omaha’s fiber to […]
Lamar Advertising filed an S-1 to raise $300-345 million via a special purpose acquisition company (“SPAC”) named Lamar Partnering Corporation (“LPC”). Lamar will own approximately 20% of the LPC. LPC will be managed by members of Lamar’s management team including Ross Reilly, Lamar’s VP of Mergers and Acquisitions who will […]
Covid has resulted in an increase in bad debts at the public out of home companies. Here’s a breakout of who took what writeoffs in 2020. Table 1 – Accounts Receivable Writeoffs for Public US Out of Home Companies (million dollars) And this table shows writeoffs as a percentage of […]
