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 […]
Insider reported in June that Link Media‘s parent company Boston Omaha was planning to raise $71.5 million via an IPO. A press release on Business Wire announced that Cowen and Company, LLC, as the representative of the underwriters of the previously announced public offering of 6,538,462 shares of Class A common […]
Radio Ink reports on Tuesday that a counteroffer to iHeartCommunications Debt restructure proposal was made by Arnold & Porter Kaye Scholer (APKS), an advisor to Symphony Asset Management, which holds about $280 million in iHeart term loans. The counterproposal made to iHeartMedia is for $500 million in newly issued debt […]
Link Media closed last week on the purchase of a back to back digital billboard on Jimmy Carter Blvd in Atlanta. View Outdoor was the seller. Link CEO James McLaughlin says the location helps fill out Link’s Atlanta digital footprint. Link has been busy in Atlanta. The firm purchased of […]
The 3 public US out of home companies are more risky that than that US stock market based on their betas. The US Stock market beta: 1.00 Lamar beta: 1.13 Outfront beta: […]
