“All in all it’s a decent start of the year” said Outfront CEO Jeremy Male when Outfront released first quarter 2018 financials. Here are the results of the earnings release , investor presentation and conference call. Total Revenues grew 2.2% to $338 million. “Revenue growth of 2.2% was led by the […]
Here are the highlights from Clear Channel Outdoor’s 4th quarter earnings call, press release and earnings presentation. Consolidated revenue increased 1% to $729 million during the fourth quarter of 2017. Organic revenue, adjusted for asset sales and currency fluctuations declined by 0.3% Americas revenue (North and Latin America) declined […]
Many private equity funds and family offices are interested in out of home to judge from the calls Insider gets. Professional investors like the out of home industry’s barriers to entry (permits are hard to get) and low technology risk (tech hasn’t made out of home passe like other forms […]
iHeartMedia filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The proposed Plan achieves a value-maximizing restructuring that comprehensively addresses the Debtors’ funded debt obligations and positions their businesses for continued growth and long-term success. As a result […]
Landmark Infrastructure Partners stock is down 22% since the first of the year. Alacran Investments explains why in a bearish article published at Seeking Alpha. Alacran has a short position in Landmark (LMRK) so take the analysis with a grain of salt. The thesis is that Landmark, a purchaser of tower, out […]
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 […]
