“A noteworthy performance for our company driven by digitization, sales execution and the growing importance of out of home in advertisers’ media mix” was how Outfront CEO introduced third quarter 2019 earnings. Here are the highlights from the third quarter 2019 earnings release and earnings deck. Revenues grew 12% to […]
Rumor has it that private equity fund GTCR has signed an agreement to sell the last remaining Fairway Outdoor markets (Georgia, Alabama, Florida and Kentucky) to Standard Outdoor. Standard Outdoor is a subsidiary of Standard Diversified, the publicly-traded holding company which has investments in out of home, tobacco and insurance. […]
OUTFRONT stock was up 8% for the three months ended September 30, 2019 due to strong revenue growth. Lamar stock was was up 1% for the three months ended September 30, 2019 in line with the Standard and Poors 500. Clear Channel Outdoor stock was down 46% for the three […]
NEW YORK, Sept. 23, 2019 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) announced today that it has acquired 22 large-format static billboards and 16 digital displays in the city of Chicago, Illinois from Total Outdoor. “This tuck-in acquisition strengthens our strong position in Chicago, the third largest DMA in the U.S. and one of our most […]
Mashburn Outdoor has acquired select digital and static Interstate bulletin locations in Atlanta, GA from Tinsley Media. The assets are newly constructed 14′ x 48′ displays on a high traffic section of I-20. Led by Richard Mashburn, Mashburn Outdoor (MOA) has owned and operated over 328 traditional and digital billboard faces throughout the […]
Roswell, GA – September 3, 2019: Link Media Outdoor (“Link”), is pleased to announce the purchase of the outdoor advertising assets of Image Outdoor Advertising, LLC, based in Summersville, WV. Image was founded in 1995 and operates 226 billboard faces on interstates and four lane highways throughout West Virginia. These […]
Clear Channel stock has risen 16% to $2.60 in two days on news that managers and directors are buying shares. Americas CEO Scott Wells, CFO Brian Coleman and Board Member Ben Moreland bought shares two days ago. CFO Brian Coleman and Board Member Andrew Hobson bought shares yesterday. The purchases […]
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 […]
