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: […]
Insider caught up with Gabe Oliverio, Managing Director at outdoor investment banking firm Johnsen, Fretty & Co., about a swap transaction announced last week involving Independent Outdoor Network (transaction press release here). You can contact Gabe at goliverio@jfco.com. Tell us about the transaction and how you were involved. Interestingly, the […]
Public out of home company valuations were stable during the second quarter of 2017. The following table shows that the four public out of home companies (Clear Channel Outdoor, Lamar, OUTFRONT and JCDecaux) had an enterprise value of 13.2 times cashflow at June 2017, down slightly from 13.4 times cashflow […]
US Out of home advertising stocks lagged the Standard and Poors 500 during the second quarter of 2017. A stock index consisting of Lamar, Outfront and Clear Channel Outdoor declined by 4.2% during the second quarter of 2017 while the Standard and Poors 500 was up 2.7% for the quarter. […]
Insider’s take: Here’s the press release for a Peter J Solomon-advised capital raise by PatientPoint. This is the second out of home investment for Searchlight Capital, which has also invested in Ocean Outdoor U.K., one of Britain’s largest digital billboard companies. The value of this business will depend heavily […]
JCDecaux SA, the number one outdoor advertising company worldwide and América Móvil, the leading wireless provider in Latin America and the third largest in the world in terms of equity subscribers, have announced the entering into a joint venture for the out-of-home (“OOH”) advertising businesses in Mexico by merging each […]
Link Media has closed on the purchase of Atlanta-based Vision Outdoor. Vision owns 3 billboard structures structures consisting of 4 Formetco digital billboards and 2 static billboards. The digital signs are on I-285 in Atlanta and Highway 41 in Acworth Georgia. Link Media’s parent Boston Omaha priced its IPO at […]
