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 […]
Insider wrote last week about Clear Channel and their announcement of a “shareholder rights plan” . Seeking Alpha and Reuters followed up with pieces on valuation problems with some recent bond offerings. Since March 24, the day after the Fed announced its unprecedented stimulus programs, 23 companies borrowed money in […]
In this weeks Podcast, part of the discussion centered around the potential for fraud in the Payroll Protection loan program. Ken Klein passed along this news article as a followup to that discussion. Law 360 posted this week that a Texas man fraudulently tried to score over $5 million in […]
Clear Channel Outdoor announced a “shareholder rights plan” on May 19: SAN ANTONIO, May 19, 2020 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) announced today that its board of directors (the “Board”) unanimously adopted a shareholder rights plan (the “Rights Plan”) to protect the interests of all Company […]
The SBA recently released their Paycheck Protection Program Loan Forgiveness Application. In many instances, the banking community will put this application online, but if you want to get a head start on understanding what will be required, you can review and download a copy of the forms here. Insider read […]
With PPP applications in and, hopefully, funds in the bank, Insider wanted to start turning to the subject of steps to take to maximize your businesses potential for debt forgiveness. We saw the following information from a community bank and wanted to pass along. Congratulations again on being approved […]
