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 […]
Outfront issued its 2020 proxy last week. Some things to note. Who Makes What Here are the highest paid OUTFRONT executives. Most of their compensation is stock and incentive pay. An Independent Board The OUTFRONT board is 86% outsiders. Women account for 29% of board seats versus 25% of […]
Good news as Congress has approved another $310 billion in new funding to add into the cash depleted Payroll Protection loan program. An additional $174 Billion is included in the coronavirus relief bill to fund primarily SBA disaster assistance loans ($60 billion), grants to hospitals ($75 billion) and coronavirus testing […]
Sean Reilly tells investor conferences that he’s managed through three recessions at Lamar. It’s instructive to look at what Lamar did during the last recession for tips on how to weather the covid-19 recession. From 2007-2009, Lamar’s revenue declined by 12% and cashflow declined by 18%, but the corporate cashflow […]
NEW YORK, April 20, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that it, along with certain subsidiaries, entered into an amendment to the credit agreement governing its $500.0 million revolving credit facility due November 2024. The revolving credit portion of our senior credit facilities is subject to a […]
NEW YORK, April 16, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that affiliates of Providence Equity Partners LLC (“Providence”) have agreed to lead the purchase of $400 million in newly issued convertible preferred stock together with funds managed by Ares Management Corporation (“Ares”). “We recognized the value […]
Since so many of us are aware of and focused on the SBA Payroll Protection Loan Program, Insider wants to continue to provide updates on what we are reading and hearing. Lapse in Appropriations – Yesterday came the news that the SBA is currently unable to accept new applications for […]
Insider heard back from three owner/operators after our article last week on the Payroll Protection Program application process. Ken Wingate Wingate Outdoor Advertising I had my PPP loan application completed on Monday of this week and it was funded by Wednesday. I used a local community bank and the loan […]
Boston Omaha (the parent of Link Media Outdoor) released its 2019 annual letter. It’s delightful to read an investment document in clear, straightforward jargon-free English. Contrast this jargon laden non-speak from one of the other public out of home companies “We seek to leverage our leadership position in technology and […]
