Bloomberg has confirmed that Lamar is nearing a deal to buy Fairway Outdoor Advertising Billboards in North and south Carolina, North Georgia and Wisconsin. Bloomberg reports a purchase price of $416.5 million, slightly less than the $425 million which Insider reported earlier today. Fairway Equity Investor GTCR gets liquidity on […]
Insider hears from reliable sources that Lamar is buying the Fairway assets in 6 markets including north Georgia,North Carolina,South Carolina and Wisconsin today. The purchase price is approximately $425 million. The remaining Fairway Markets, including Indiana, Texas and Tennessee, will be be sold on a piecemeal basis in the future. […]
Independently owned and operated Pacific Outdoor Advertising is pleased to announce the acquisition of Total Outdoor’s inventory in the Seattle market. Pacific Outdoor offers comprehensive out-of-home advertising coverage throughout the Portland Metro with over 1,000 advertising displays, including Bulletins, Posters, Digital Billboards and Wallscapes. With the Seattle acquisition, Pacific will […]
Insider asked Kalil and Co investment banker Max Drachman to recap the out of home transactions market. Drachman recently brokered the sale of Boston’s RSA Media. How was the M&A market in 2018? 2018 was a spectacular year for our firm. It looks like it will end up as the […]
The Fairway sale has been through multiple rounds of bidding. Expect an announcement soon. Scarcely a day goes by without Insider hearing some new rumor. Here’s the latest. The sale will occur in geographic clusters. Lamar will buy one or more of the pieces. Wouldn’t be surprised if this includes […]
There was good news and bad new in this week’s OAAA 3Q 2018 OOH revenue release. Good News 34 consecutive quarters of US OOH revenue growth. 3Q 2018 US OOH revenue growth is well above 2.5% average quarterly US OOH revenue growth for the past two years. Bad News US […]
SAN ANTONIO–(BUSINESS WIRE)–iHeartMedia, Inc. (PINK: IHRTQ) (“iHeartMedia”) today announced voting results for the Company’s Fifth Amended Joint Chapter 11 Plan of Reorganization (the “Plan”). Voting results indicate that every class of creditors entitled to vote has voted to approve the Plan. More than 90% of the votes cast by creditors […]
Last Friday Insider posted on Billboard Cashflow and how it differs from EBIDTA. Valuation Expert Paul Wright of Signvalue points out the limits of using Billboard Cashflow for valuation with these comments on last friday’s post: This is a great discussion of the term Billboard Cash Flow and why most banks […]
Out of home company sales occur at a multiple of Billboard Cashflow. Reader Leonard Busby of Busby Outdoor asked Insider to define Billboard Cashflow and explain how it differs from Cashflow (EBIDTA) Billboard Cashflow is out of home company Revenue (space rental plus install/production income) less certain direct expenses: lease […]
Digital billboard maker Daktronics reported increased revenues and profits in the second quarter of fiscal 2019 (3 mos ended October 27, 2018). Here are the results of the earnings release and earnings call transcript. Revenues increased 2.4% to $173 million during 2Q fiscal 2019 (3 months ended October 27, 2018). […]
