Here are the results from Clear Channel Outdoor’s 3rd quarter 2017 financials and earnings call powerpoint. Consolidated revenues decreased 3.6% to $669 million during the 3rd quarter of 2017 due to the sale of assets and the impact of foreign exchange movements. Consolidated cashflow decreased 17.6% to $128.2 million […]
Here are the highlights from Lamar’s 3rd quarter 2017 earnings release and the Seeking Alpha earnings call transcript. Revenues increased 3.1% to $399 million due to the impact of acquisitions. Organic revenues grew 1%. National revenues were up 4.5%. Local revenues were flat. CEO Sean Reilly pointed out on the call […]
Here are the highlights from yesterday’s Outfront earnings release and seeking alpha earnings call transcript. Revenues increased 2.5% to $392 million during the 3rd quarter of 2017. Organic revenues (excluding acquisitions) increased 1%. US revenue was up 1.8%. Outfront took a reduction in revenue of $1.5 million during the quarter […]
Landmark Infrastructure acquired 13 more out of home advertising sites during the 3rd quarter of 2017 (3 months ended September 30, 2017). Here are the results from the third quarter earnings release and Seeking Alpha earnings transcript. Revenues and net income totaled $13.5 million and $1.9 million, respectively, during the […]
By Ken Klein, Executive Vice President OAAA The tax reform plan released November 2 did not touch deductibility of advertising, a first-round victory for advertisers. “Great news,” said Dan Jaffe of the Association of National Advertisers (ANA). The proposal, which starts in the US House, would lower corporate rates from 35 to […]
Insider thinks the US economy is probably headed for a recession within the next couple years. Take a look at this chart of out of US out of home advertising revenues. Insider has highlighted the recession years in yellow. Looks like we’re about due. Out of home advertising is cyclical […]
Here are two surprising pie charts on the three big public US out of home companies. The first pie chart shows revenues for Clear Channel Outdoor, Lamar and Outfront Media for the financial quarter ended June 30, 2017. Insider thought there was a typo when he first compiled the chart. […]
Ken Klein, OAAA EVP, Government Affairs As Congress considers tax reform, billboard operators are part of a broad, nationwide push to protect deductibility of advertising. “Outdoor advertisers are doing a great job. Thanks so much,” said Dan Jaffe of ANA (Association of National Advertisers). A goal of tax reform is to […]
The Sixteen:Nine podcast interviewed out of home investment banker Mark Boidman last week on the state of out of home. Boidman is a partner at Peter J Solomon, a New York investment bank. You can listen to the 32 minute podcast here. Here are some excepts. On why Peter J […]
A couple of updates on Clear Channel Outdoor’s parent company iHeart Media as they move towards a restructuring of their $20 billion in debt. Radio+Television Business Report had an article noting that iHeart Media was victorious in a San Antonio appeals court ruling. The issue was whether a 2015 equity […]
