Link Media Outdoor, the out of home subsidiary of Boston Omaha has added $40 million in credit facilities with First National Bank of Omaha to assist with the company’s growth. Link has borrowed $18.6 million on the facility. Here’s a summary of the terms. Term Loan 1 Availability of $24.9 […]
Clear Channel execs commented yesterday on the company’s recent capital market activity and prospects. Let’s start with the capital market transactions as provided in their August 13th press release: Issuance of 100 million shares of common stock at $3.50 per share, with the net proceeds from the sale to be […]
Yesterday, Insider reported that Boston Omaha, the parent of Link Media Outdoor plans to grow via more out of home acquisitions. Boston Omaha has more than $113 million million of cash and marketable securities to fund transactions. Boston Omaha is increasing the war chest. It has signed an agreement for […]
Boston Omaha reported second quarter 2019 earnings. Here are the results from the company’s Link Media Holdings out of home subsidiary. Link Media CEO Jim McLaughlin tells Insider: “Link is performing well on all inventory, but especially the Link legacy inventory (pre Tammy Lynn, Key and Waitt), where revenue increases […]
Landmark Infrastructure Partners LP reported financial results for the second quarter of 2019. Here’s an update on Landmark’s out of home portfolio. Revenues and Net income from Outdoor Advertising totaled $5.2 million and $4.0 million respectively for the three months ended June 30, 2019. Out of home revenues accounted for […]
Lamar had a nice quarter although revenue growth lagged Outfront and Clear Channel. Here are the results of the second quarter 2019 earnings release and conference call. Net revenue increased 6.9% to $449 million during the second quarter of 2019. Acquisition adjusted net revenue increased 2.4%. Local revenue was up […]
Outfront had a great financial quarter. Here are the results of the earnings release, conference call and earnings deck. Revenues increased 14.5% to $460 million during the second quarter of 2019 due to growth in digital revenues and billboard yields. National revenue were up 20%, local revenues up 10%. US […]
Insider wrote about out of home brokerage fees yesterday. SignValue’s Paul Wright had comments on the article. In response to your article on brokerage fees, I just wanted to share our policy/experience. Fee Amount You’re about right on brokerage fees. We sometimes charge less than 1% on large deals and fees […]
There were lots of questions on yesterday’s Clear Channel Outdoor conference call. Here are some of the more interesting comments. Clear Channel Outdoor America CEO Scott Wells dissects 9% US growth We really saw growth across all channels and all product lines. It was a balanced growth quarter. We saw […]
Clear Channel Outdoor’s strong second quarter in the US was hurt by weak results overseas. Here are the highlights from the company’s second quarter earnings release and conference call. Consolidated revenue increased by 1.1% to $719 million during the second quarter of 2019 when adjusted for FX movements. A 9.1% […]
