bMedia has acquired Lamar Advertising’s 180 billboards in Puerto Rico. bMedia is a Puerto Rico out of home advertising company which was formed in 2008. bMedia is run by Juanchi Casillas and Hertor Horta and financially backed by Seaport Capital. Seaport made an equity investment in bMedia in August 2014 […]
Insider agrees with Forbes Contributor Gene Ely in Here’s How to Turn iHeart Media Around : “Do radio, just radio, and do it right. Done right, radio alone can be very profitable. Sell off the other businesses that don’t directly support radio, such as Clear Channel Outdoor. Those businesses were acquired, and […]
Lamar filed a proxy statement with details on the board of directors and executive salaries. Insider’s observations: Lamar’s independent board nominees include 3 family members and 4 outside execs with experience in fields critical to the company. Insiders – Kevin Reilly, Anna Reilly, Wendell Reilly. Media – Steven Mumblow, Owner of […]
Grey Outdoor, LLC announced the purchase of billboard sign assets owned by Cardinal Sign Company. The purchase included 19 Sign Structures with 50 billboard sign faces in South Carolina. The purchase extended Grey’s coverage area from south of Florence SC to near Charleston SC. Areas of coverage include Sumter SC, […]
“Synergy” will be cited as a rationale for Netflix’s bid for Regency Outdoor. Synergy is a buzzword executives use when they’re not sure how 1 plus 1 makes 3. Synergy is overrated when it involves combining an OOH company a dissimilar business. Remember the “sight and sound” synergy which justified the CBS […]
RIMO Outdoor, LLC. is selling 28 billboard faces in the Quad Cities along with 8 permanent easements for $525,000. Insider talked with RIMO principals Jim Gash and David Buring about the sale. Tell us about the plant. There are 18 structures and 28 faces. A majority of the structures are […]
Lots of buzz about last friday’s announcement that Netflix bid $300 million for Regency Outdoor. Here’s a sampling: Observer: Billboards may seem pretty quaint in the age of social media, but Netflix has already shown it knows how to use them for maximum effect. Last year, plain white billboards featuring black […]
CNBC reports that Netflix bid $300 million for LA’s Regency Outdoor. There are other bidders. Insider’s thoughts: The bid is new evidence streaming and social media companies value out of home. Regency does lots of business with cable TV, TV and the movie studios. How willing are they going to […]
“I’ve said for years that CCO is just a piggy bank that Bain/Lee have totally abused.” Insider heard those words recently from an experienced investor and dealmaker. Insider took a look at Clear Channel Outdoor’s financial statements to investigate this claim and the results were staggering. Here’s what the equity […]
Some people tell Insider that Clear Channel Outdoor will be put up for sale and JCDecaux will have the inside track. Insider doubts Clear Channel Outdoor will go to a single buyer. It’s too big. Look at the analysis below. Insider assumes a sale of Clear Channel Outdoor Americas (North and […]
