September 12, 2017 – Porter Advertising, LLC announces the purchase of all billboard assets from Tom Raper Enterprises. The acquisition includes billboard displays in the Indianapolis, Dayton and Cincinnati advertising markets. This including 75 faces located n I-70 in both states, US 40 in Indiana, I-275 in Cincinnati, and on […]
Forsyth County News reports that Morris Multimedia entered the out of home advertising business by purchasing a double sided digital billboard in Cummings, Georgia from Incorvaia Media. Kalil and Co brokered the transaction. Kalil’s Max Drachman tells Insider about the transaction: “Morris Multimedia is a dynamic Television and Print company with assets […]
On Friday Insider wrote that debt for an out of home advertising company should not exceed 5 times cashflow (earnings before interest, depreciation and amortization) or 3 times revenue. This is the upper limit. It’s OK to operate way below this if your risk tolerance is less. This analysis is […]
Here are four tips when seeking out of home financing: look for debt before you need it, cultivate multiple lenders, know your lender and don’t borrow too much. One: Look For Debt When You Don’t Need It. Start talking to lenders before you need them. It will allow you to […]
31 years of out of home lending and investing have taught Insider this: You never lose money in a recession. You lose money by the dumb things you do just before the recession. The US economy has been up and to the right for 8.2 years. There have been 11 […]
Here are the highlights from Lamar’s 2Q 2017 earnings release and conference call: Net revenue increased 2.5% to $397 million. Acquisition adjusted net revenue increased 1.7%. National revenue increased 4.5% and local revenue increased 1.5%. CEO Sean Reilly said that the company’s coast regions are doing well. It’s the middle […]
Clear Channel Outdoor released second quarter 2017 financials yesterday. Here are the highlights: Consolidated revenue declined 5.1% to $672 million during the second quarter due to assets sales. Consolidated organic revenues grew 2.3% for $687 million for the second quarter of 2017 after adjusting for foreign exchange and asset sales. […]
Outfront Media released 2Q 2017 earnings. Here are the highlights from the earnings presentation, earnings release and conference call. Organic revenues adjusted for acquisitions increased by 3% to $396 million in the second quarter due to increased transit revenues. Transit revenues were up 9%. The company’s billboard revenues increased by […]
It has been a while since Insider has checked in with Kalil, how is business? Good to hear from you Dave. Business has been strong. We have had two closings so far in July, and have a few more upcoming shortly. Can you tell us about the deals? Certainly. A […]
Insider likes and reads Seeking Alpha. Brad Thomas is one of my favorite writers on the site. His focus is on Real Estate Investment Trusts, or REITS, a community that includes both Lamar and Outfront. Brad wrote an article this week focused on Outfront Media as well as the OOH […]
