Reuters reports that Netflix is paying $150 million for 35 Regency billboards along the sunset strip in Los Angeles. The transaction is expected to close later this month. PJ Solomon is advising Netflix and Moelis is advising Regency. The deal has been percolating since April when Netflix bid $300 million […]
Lamar and OUTFRONT outperformed and Clear Channel underperformed the stock market for the 3 months ended June 2018. Take a look at this chart. Lamar and Outfront were up 7.4% and 4.3%, respectively for the three months ended June 2018 while the S&P 500 was up only 2.9% for the […]
Standard & Poors has cut their debt rating on Clear Channel Outdoor Holdings to CCC+ from B- amid ongoing cash flow issues and debt being more at risk before their parent company iHeartMedia comes out of bankruptcy. Refinancing risks are high around $2.2B in senior subordinated notes due in March […]
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 […]
