Railroad Outdoor’s Mike Fitzgerald asked Insider what metrics are important for measuring the performance of an out of home business. Here are 6 financial metrics which will help you evaluate your out of home business. Gross revenue. This tells you how well your sales effort is going. You might also […]
New York, N.Y., June 6, 2018 – Screenvision Media, a national leader in cinema media and advertising, today announced that it has signed a definitive agreement whereby Abry Partners, a leading media-focused private equity firm, will acquire a controlling stake in the company. As part of the agreement, the company’s existing […]
Clear Channel Outdoor has signed a new $75 million credit agreement with Deutsche Bank and other lenders to replace an existing $75 million credit line which was expiring in August. The terms include: A borrowing base equal to 85% of eligible accounts receivable borrowing rate equal to fed funds plus […]
London, United Kingdom, 4 June 2018 – Ocean Outdoor Limited (LSE: OOUT) (“Ocean”) has acquired Forrest Media, a leading provider of large format outdoor media solutions in Scotland. The deal expands Ocean’s national footprint and enhances its position as a leading large format digital out of home (“DOOH”) operator in […]
Horton Outdoor (Cartersville, GA), a subsidiary of McWhorter Capital Partners, LLC (MCP), announced today that it has acquired assets of G&G Enterprises with locations in southern Alabama In the acquisition Horton acquired 11 strategic locations with 25 faces. Josh McWhorter, CEO of MCP, said, “This acquisition was more strategic than […]
Insider received a mailing this week from Landmark Dividend asking if he had any leases to sell. Landmark employees also phone Insider periodically asking if he has any leases he’d like to turn into cash. You can be sure Landmark is calling and emailing your landlords. If you’d rather not […]
Insider compiled a list of the highest paid public company out of home execs. Any surprises? Insider also compiled a list of Board of Director Salaries at each public out of home company. There seems to be a troubling inverse relationship between a company’s stock performance/financial metrics and outside board […]
Insider gave his thoughts on sustainable leverage for an out of home company yesterday. He received this feedback from an out of home industry banker: I just read your article on sustainable leverage, which was quite accurate from the bankers perspective. However, I doubt many banks have different underwriting guidelines […]
Insider thinks a public out of home REIT (e.g. Lamar and Outfront) has a sustainable leverage (Debt/Cashflow) of 3.5-4.0. A private out of home company which is under no pressure to pay dividends has a sustainable Debt/Cashflow ratio of 6.0. Sustainable leverage consists of how much money you can borrow […]
Clear Channel announced first quarter 2018 earnings yesterday. Here’s a summary of the earnings release, slide presentation and seeking alpha transcript. Consolidated revenue increased 9.9% to $598 million due to international sales growth and the impact of foreign exchange movements. Americas revenue (US and Canada) declined 1.7% to $256 million […]
