NEW YORK, May 13, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $400.0 million in aggregate principal amount of 6.25% Senior Notes due 2025 (the “notes”). The notes are to be sold at an issue price of […]
Boston Omaha Corporation, the publicly traded (NASDAQ: BOMN) Parent Company of Link Media posted 1st quarter results. Since Link is only one of their three majority owned business sectors (outdoor advertising, surety insurance and broadband telecommunications services) Insider is providing results and comments related to Link Media from their 10Q […]
Yesterday Lamar announced it was issuing $400 million in privately placed senior notes. Here is an excerpt from the press release: Baton Rouge, LA — May 11, 2020 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $400.0 million through an institutional private placement of senior […]
OUTFRONT’s first quarter was OK but there’s stormy weather ahead. Here are the results from OUTFRONT’s 2020 first quarter earnings release and earnings presentation. Revenues increased by 3.5% to $385 million due primarily to an increase in billboard revenue. Billboard revenues increased by 9% due to increased yields and digital […]
Earnings calls are all too often can’t-say-don’t-know-won’t-tell. Not so with Lamar. CEO Sean Reilly was direct, factual and upbeat on yesterday’s call. Read his comments and you’ll understand why Lamar stock went up 18% yesterday. Sean Reilly on the now versus 2008-2009 I was the chief operating officer of the […]
“We were off to a strong start to 2020. Then over course the coronavirus pandemic adversely affected us and our customers in late March and through April. We have used that time to prepare the company for the downturn and ensure we emerge even stronger on the other side.” That’s […]
Here’s what Clear Channel Outdoor executives said about expense cuts, selling Latin America or Europe and the future on yesterday’s first quarter 2020 earnings call. Worldwide CEO William Eccleshare on Expense Cuts We are targeting over a $100 million reduction in operating costs in Q2 and at least $25 million […]
Clear Channel Outdoor announced first quarter 2020 financials yesterday. Consolidated revenue was down 6% as increased revenues in the US were offset by declining revenues in Europe and China. Cashflow declined 46% due to losses in Europe and China as well as increased corporate overhead. Here’s a summary of the […]
Crisis or opportunity. It depends on your perspective. If you kept your debt low during the past few years you’ve got an opportunity now Circle City Outdoor revenues are down due to the covid crisis. But Circle City has minimal debt and views the coronavirus as an opportunity to buy […]
SAN ANTONIO, April 28, 2020 /PRNewswire/ — Clear Channel OutdoorHoldings, Inc. (NYSE: CCO) (the “Company”), today announced that Clear Channel KNR Neth Antilles N.C., an indirect wholly owned subsidiary of the Company, has tendered its shares representing the Company’s 50.91% stake in Clear Media Limited (“Clear Media”), an indirect, non-wholly owned […]
