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 […]
Clear Channel Outdoor stock was up 3% for the first quarter while the S&P 500 was down 2%. The market seems to be viewing the iHeart bankruptcy as a good thing because it means Clear Channel Outdoor may find independence and owners who will stop mortgaging the future to pay […]
Insider has learned that Whiteheart Outdoor’s plant is for sale. Steve Minnich of Piedmont Business has been engaged to sell the assets. You can reach Steve at steve@piedmontbusiness.com if you want more info. Whiteheart Outdoor’s founder Bill Whiteheart died in September 2017. Winston-Salem Journal has an article on Whiteheart’s business […]
As iHeartMedia heads into bankruptcy, Insider will narrow our focus more to how the bankruptcy process may impact Clear Channel Outdoor. Along with our own commentary, Insider will refer our readership to other articles of merit as we scrub through the news of each day. One such article is by […]
Yesterday Insider wrote about how to value a billboard easement. Today valuation expert Paul Wright of SignValue gives his thoughts. SignValue is the largest out of home appraisal firm in the US. You can reach Paul at paul@signvalue.com, (480)657-8400. Paul, how do landlords value billboard easements? Landowner’s don’t use multiples […]
Ken Wingate of Wingate Outdoor asked Insider to discuss easement valuation. A permanent billboard easement is worth 6-12 times the current billboard rent or projected billboard rent relating to the easement. Insider saw lots of 6X transactions involving cash-strapped landlords during the last recession. A 6X multiple is reasonable for […]
