Insider has 3 thoughts after reviewing the details of Link Media Outdoor’s Waitt and Key Outdoor acquisitions. Kalil and Co was the broker on both transactions. You can find the transaction details in the Boston Omaha September 2018 10Q. Link Media Acquisitions of Waitt and Key (000’s) Now’s a good […]
Finance
Reilly: Lamar has $1 billion in dry powder for acquisitions
Sean Reilly was cogent as usual at last week’s Wells Fargo media conference. Here’s a selection of his comments. On the future We’re positioned very well. It starts with audience. People are spending more time stuck in traffic…commute times are getting longer…I don’t see that changing any time soon…A little […]
Link Media Grows Via Acquisitions
Boston Omaha, the parent company of Link Media reported financials for the 3 months ended September 2018. Here’s a summary of financial performance for Link Media Outdoor for the 3 months ended 2018. 000’s Link Media spent $136 million on acquisitions during the third quarter of 2018, including Waitt Outdoor […]
Sean Reilly on Digital Billboards and M&A
Three interesting comments by Lamar CEO Sean Reilly during last week’s third quarter earnings call. On digital sign revenues. Digital continues to be a great story for the company. Our same-board digital performance continues to shine, up 7.2% in Q3. By the end of Q3, we had added an additional […]
Lamar revenues and cashflow up 5% in 3Q 2018
Lamar revenues and cashflow grew 5% each during the third quarter of 2018. Here are the results of the 3Q 2018 earnings release and earnings call transcript. Revenue increased 5% to $419 million. Acquisition adjusted revenue increased by 3.1%. Reilly was upbeat that growth will continue into the fourth quarter:” […]
Clear Channel Revenues and Cashflow up 3% and 11% in 3Q 2018
Clear Channel outperformed expectations for the third quarter of 2018. Here are the highlights of the 3Q 2018 earnings release, slide presentation and earnings call transcript. CFO Rich Bressler wouldn’t comment on the iHeart bankrupcty other than to say that iHeart is entering the final stages or the bankruptcy process […]
Comments on Rethinking Netflix Regency
Some readers disagreed with Insider’s skeptical post Monday about the Netflix Regency billboard purchase: Billboard valuation expert Paul Wright is bullish: We looked at OOH rates on Sunset last year and you’d be surprised by what we found. Wallscape rates ranged between $110,000 and $220,000 per four week period. Regency’s Vinyl […]
Outfront revenues up 6% in 3Q 2018
Outfront Media had a solid third quarter of 2018. Outfront CEO Jeremy Male started the call by saying “It was a very satisfying quarter. We grew revenues across the board, Billboard, Transit, Local, Nationala, US Media and other.” Here are the results of the 3Q 2018 earnings release. and earnings call […]
RIMO sells to Star Media
David Buring tells Insider that RIMO Media has sold 28 billboard faces and 9 permanent easements in the Quad Cities (Davenport, Iowa, Bettendorf, Iowa, Rock Island, Illinois and Moline, Illinois) to Star Media. Star found out about the assets for sale via an article and classified in Billboard Insider. [wpforms […]
Billboard Cashflow 101
How much of every dollar of billboard revenue should be left after paying your vendors, landlords and employees? 45 cents according to Boston Omaha, the parent company of Link Media Outdoor. Take a look at the table which appeared in Seeking Alpha’s Boston Omaha: A Potential Opportunity for Long Term […]