Since details are moving very quickly on Clear Channel Outdoor’s parent company iHeartMedia, Inc., Insider wanted to provide a couple of updates of interest before the weekend. In two separate 8-K Filings, iHeart Media shared: The Board of Directors has elected not to make interest payments due on March 1, 2018 […]
Lamar’s fourth quarter 2017 financials can be summarized in this Sean Reilly quip: “We under-achieved on top-line growth, but its also fair to say, we did an outstanding job managing expenses.” Here are the highlights from Lamar’s fourth quarter 2018 earnings release and Seeking Alpha earnings call transcript. Revenue increased […]
Outfront reported flat fourth quarter 2017 organic revenues but increased cashflow due to controlled expenses. Here are the highlights from the 4Q 2017 press release and the Seeking Alpha earnings transcript. Revenues increased 1% to $401 million during the fourth quarter of 2017. Organic revenue, adjusting for acquisitions and currency […]
In an SEC 8-K filing dated February 9th, it appears that iHeart Communications and the Lender group, representing $20 billion in debt, may be very close to a deal. The filing indicated that on February 8th, the Lender group provided to iHeart the following term sheet which includes: A Pre-packaged/Pre-arranged […]
NEW YORK, Feb. 5, 2018 /PRNewswire/ — Vector Media, an innovative media company specializing in large-format transit media, traditional Out-of-Home (OOH) media and the creation of interactive brand experiences, today announced the acquisition of Direct Media USA, one of the nation’s largest municipal transit advertising companies. The combined company will maintain transit […]
JCDecaux is growing rapidly in the US. The company’s North American group achieved 12% organic revenue growth (excluding foreign exchange impacts). 12% organic growth is remarkable compared to 1.3% growth for the US Out of home industry for the first 9 months of 2017. The company cited the positive effects […]
Horton Outdoor (Cartersville, GA), a subsidiary of McWhorter Capital Partners, LLC (MCP), announced today that it has acquired assets of Post Marketing Group and Postiglione, Zampatti & Tinsley. In the acquisition Horton acquired 17 strategic locations with 39 faces. Josh McWhorter, CEO of MCP, said, “Bob was initially introduced to […]
Landmark Infrastructure buys of home advertising ground leases. Insider knows someone in the billboard business who owns land under billboards through a separate company. Insider reviewed the landowner’s Landmark Infrastructure file and here are the results: Landmark aggressively contacts landlords. Landmark has approached the landowner 19 times in the past three […]
SignValue’s Paul Wright is an expert in valuing out of home advertising companies. Insider asked Wright for an update on billboard values. With the changes in income tax law coming in 2018, do you anticipate a shift in focus to property valuations? We are cautiously optimistic that the dramatic reductions […]
Last week Landmark Infrastructure, the publicly-traded investor in tower, solar, wind and outdoor leases and easements announced the signing of an agreement purchase 127 assets in 32 states for $60 million. Closing is scheduled for this week. The press release did specify if any of the new assets were outdoor. […]
