Insider was asked by an investment banker earlier this week why he hasn’t listed his out of home company for sale. Insider told the banker now is a bad time to sell because the uncertainty caused by covid. There seems to be a widening bid-ask on transactions. Lamar CEO Sean […]
Not good, but improving is how Insider summarizes OUTFRONT’s third quarter 2020 earnings. Here are the results from OUTFRONT’s 3Q 2020 earnings release, earnings deck and conference call. Revenues declined 39% to $282 million during the third quarter of 2020 as primarily because transit revenues are lagging due to low […]
On this week’s Billboard Insider podcast private equity investor Ken Anderson talked about why he likes out of home and mistakes out of home entrepreneurs make when approaching private equity investors. How do you evaluate the strengths and risks of out of home from an equity perspective. We like the […]
Funds support continued innovation and expansion for Audio Out-of-Home™ Solution October 28, 2020 06:00 AM Pacific Daylight Time INDIANAPOLIS–(BUSINESS WIRE)–Vibenomics, a location-based Audio Out-of-Home™ (AOOH) advertising and experience company, today announced $6.5 million in Series A2 funding to support the launch of additional national networks in convenience stores and grocery […]
Boston Omaha Corporation announced that Yellowstone Acquisition Company (“Yellowstone”) closed its initial public offering (the “IPO”) of 12,500,000 units at a price of $10.00 per unit, resulting in gross proceeds of $125,000,000. The units began trading on the NASDAQ Stock Market, LLC (“NASDAQ”) under the ticker symbol “YSACU” on October […]
Lamar Advertising recently amended the terms of its $175 million accounts receivable securitization program. The amendment caught insider’s eye. Here’s the disclosure language. The Amendment increases the maximum three month average Delinquency Ratio generally to 13.00%, and up to 16.00% for up to two additional periods upon written notice from […]
TierOne Media, LLC, announced it has acquired out of home billboard assets from multiple owners in the Greater Pensacola, Florida, Mobile and Montgomery, Alabama markets. Mostly large scale digital, the assets consist of 38 faces on 20 steel structures at strategic street and highway locations. In addition, TierOne acquired fully […]
Insider has been tracking the SBA’s Payroll Protection Loan Program as so many of us owner/operators have taken advantage of the loans available through and administered by the banking community. We mentioned back in August that waiting on filing your forgiveness application would make sense as lawmakers were discussing the […]
Out of home stocks had a volatile third quarter as you can see below. OUTFRONT led the way with a 3.9% gain for the third quarter of 2020. Clear Channel Outdoor was up 2.4% and Lamar declined 0.2% The Standard and Poors Index was up 9.6%. Public out of home […]
Boston Omaha, the parent of Link Media Outdoor has filed an S-1 with the SEC to raise up to $200 million in a public offering of equity in a Special Purpose Acquisition Company (“SPAC”) named Yellowstone Acquisition Company. The new entity will be a wholly owned subsidiary of Boston Omaha. […]
