June 08, 2017 06:45 AM Eastern Daylight Time SAN ANTONIO–(BUSINESS WIRE)–iHeartCommunications, Inc. (“iHeartCommunications”) today announced that it is extending the private offers (the “Exchange Offers”) to holders of certain series of iHeartCommunications’ outstanding debt securities (the “Existing Notes”) to exchange the Existing Notes for new securities (the “New Securities”) of […]
Boston Omaha, the parent company of out of home operator Link Media plans to raise $71.5 million via an IPO. The IPO is expected to price during the week of June 12, 2017. Boston Omaha’s owners Magnolia Capital Fund and Boulderado Partners will buy $47 million of the new […]
Digital billboard manufacturer Daktronics earned a profit of $0.9 million on revenue of $144 million in the fourth quarter of fiscal 2017 (3 months ended April 29, 2017) versus a net loss of $2.9 million on revenue of $138 million during the fourth quarter of fiscal 2016 Here are highlights […]
iHeart Media announced yesterday an extension of the date of their private exchange offer from May 26th to June 5th. Insider reported in April of the Companies decision to move the deadline date for their lenders and bondholders to consider its debt-exchange offer to May 26th. Now with that date upon them and only […]
By Paul Wright, ASA Have you ever had a sign taken by a government agency? If it happens, don’t worry, it’s not the end of the world. First, keep in mind that the government has the power of Eminent Domain, which means that they can take private property for public […]
Landmark Infrastructure’s domestic US outdoor assets purchases are slowing. Here are the highlights from Landmark’s first quarter 2017 financials and the earnings call transcript. Revenue increased 57% to $12.2 million during the first quarter of 2017, due to the impact of acquisitions during the past 12 months. Cashflow increased 56% […]
Lamar Announced first quarter results. Here are the highlights from the financials and the earning call. Revenue increased $8 million (2.3%) to $346 million for the quarter. Organic revenues grew 1.3%. The rest of the increase was due to the impact of the Clear Channel Outdoor acquisitions last year. […]
Clear Channel Outdoor released 1Q 2017 financials yesterday. Revenue and cashflow declined, Here are links to the Seeking Alpha earnings call transcript and the first quarter investor powerpoint. Insider’s analysis focuses on Clear Channel Outdoor Americas, which includes the company’s North American billboards. Americas Outdoor Revenue declined by $3 million […]
Outfront CEO Jeremy Male summarized first quarter 2017 performance with this quip: “Everything in our business is going well with the exception of national billboard advertising.” Outfront is more dependent on national advertising than Clear Channel or Lamar. National advertising accounts for 50% of Outfront’s business so a drop in […]
NEW YORK, May 3, 2017 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended March 31, 2017. “As anticipated, first quarter revenues came in down 2.2% as a result of a challenging national advertising market, particularly in the automotive category,” said Jeremy Male, Chairman and Chief Executive Officer […]
