Clear Channel Outdoor and Outfront Media outperformed the market during the third quarter of 2018. See the chart below. Clear Channel Outdoor (blue) was up 36% during the third quarter of 2018. Recovering revenue? The light at the end of the tunnel for a split from iHeart? Lamar (green) was […]
News broke yesterday on the continuing iHeartMedia bankruptcy and its impact on Clear Channel Outdoor. A minority investor in Clear Channel Outdoor Holdings Inc. brought suit against the company’s board, majority owners and private equity sponsors in Delaware’s Chancery Court late Monday, seeking class damages for alleged failures to seek […]
By Jennifer Sloane, Esq. Yesterday we discussed four musts for an out of home advertising letter of intent. But what happens if you receive two or more LOI’s that contain the same price. How do you determine which is a better deal? Over the past 20 years, I have seen […]
By Jennifer Sloane, Esq. You’ve worked hard for more years than you want to admit, trying to get to this very point… selling your out of home advertising assets. You put some feelers out, had a few Confidentiality Agreements signed, sent out a basic spreadsheet of your inventory, and low […]
A good out of home management team grows revenues faster than expenses. An additional dollar of revenue doesn’t add an additional dollar of expense because you’re able to leverage your people and plant. You may have sales commissions (10-20% of collections) and increased lease costs (if you’ve got a % […]
Lamar had a strong second quarter. CEO Sean Reilly summarized results: “Q2 was a good all around quarter for Lamar. Everything clicked, every business unit, billboards, transit, airports, and logos all lines of business exceeded plan on the top and bottom.” Here are the highlights from the earnings call and […]
Outfront announced second quarter earnings yesterday. Here are the results from the earnings release and conference call transcript. CEO Jeremy Male summarized the quarter: “Local advertising growth was solid. National advertising, which have been declining, reached breakeven. Digital growth remained strong. And importantly, both digital and static yields were up. […]
Link Media Outdoor (“Link”), a subsidiary of Boston Omaha Corporation (BOMN), has completed the acquisition of Tammy Lynn Outdoor, LLC (“Tammy Lynn”), based in Bluefield, West Virginia. For over 25 years, Tammy Lynn has been owned and operated by Bud and Tammy Acken and grew to become West Virginia’s 5th largest […]
Clear Channel Outdoor revenues and cashflow grew for the second quarter of 2018. Here are links to the second quarter earnings release and conference call powerpoint. Americas revenue (North America) declined 0.1% to $300 million. Americas revenue grew 2.1%, however, when adjusted for divestitures. Growth resulted from higher digital and […]
Kegerreis Outdoor Advertising has acquired 108 billboards in Winchester VA, Martinsburg WV and Charlotte, NC from Nations Media. Terms of the transaction were not announced. With the acquisition Kegerreis has more than 2,500 displays in 7 states. Kegerreis has been doing acquisitions. In May 2018 Kegerreis bought 57 billboards in West […]
