Here are five things Insider learned from reading the Clear Channel Outdoor 2018 10-k: IHeart’s looting is about to stop. The 10-k says Clear Channel Outdoor will separate from iHeart Media in the second quarter of 2019. In connection with the spin-off Clear Channel Outdoor will: Cease paying $39 million/year […]
Clear Channel Outdoor announced 4th quarter 2018 results. Here are the results of the earnings release, earnings deck and the seeking alpha earnings call transcript. Consolidated revenue excluding exchange rates increased 5% to $765 million for the fourth quarter of 2018. Americas Outdoor (Clear Channel US and Clear Channel Canada) […]
At yesterday’s Morgan Stanley Technology, Media and Telecom Conference Lamar CEO Sean Reilly referenced two pending purchases: a midwest out of home advertising company and a sizable transaction in Los Angeles which is tied up in litigation. Insider surmises that the LA transaction is Regency Outdoor Advertising. Regency owns billboards […]
“Very strong financial results in the fourth quarter were driven by great execution and our digital investments…” was how Outfront’s CEO Jeremy Male summarized fourth quarter 2018 financials. Here are the highlights from the earnings release and conference call. Revenues increased by 12% to $452 million in the fourth quarter […]
Two new billboard transactions to report. Tyler Outdoor Advertising has acquired certain out of home assets in Oklahoma City from Lindmark Outdoor Media. Vital Outdoor Advertising has divested certain Oklahoma Out of Home assets to Whistler Outdoor Advertising, Inc. The seller, Vital Outdoor is an Oklahoma-based company headed by Shannon […]
Digital billboard manufacturer Daktronics reported a small net loss for for the third quarter of fiscal 2019 (3 months ended January 26, 2019) although the third quarter is typically weak due to the seasonality of the company’s sports business and a decrease in production days due to the holidays. Here […]
“I’m very pleased with the way we closed out 2018. Q4 organic growth was 5.6% – a number we haven’t seen in some time.” was how Sean Reilly summarized Lamar’s 4Q financials. Here are the results from the fourth quarter 2018 earnings release and conference call. Revenues grew 7% to […]
On last week’s Billboard Insider podcast Insider had this exchange with John Weller, co-publisher of Billboard Insider and a partner in Billboard Loans, LLC. What’s one thing borrowers don’t think about that they should? Let me give a couple of basics…Keep good records. If you want to deal with the […]
Today marks the debut of the Billboard Insider podcast. Our first guest is John Weller, co-publisher of Billboard Insider and a co-owner of Billboard Loans, LLC, an out of home lending fund. John talks about out of home lending, what he thinks of the leverage of Lamar, Outfront and Clear Channel […]
It has been a busy week for Clear Channel Outdoor. Insider ran a story yesterday on the announcement of their new board appointees, who will step in after iHeart Media clears bankruptcy and the two companies separate. The Company also announced a proposed private offering of Senior Subordinated Debt. The press […]
