Landmark Infrastructure buys of home advertising ground leases. Insider knows someone in the billboard business who owns land under billboards through a separate company. Insider reviewed the landowner’s Landmark Infrastructure file and here are the results: Landmark aggressively contacts landlords. Landmark has approached the landowner 19 times in the past three […]
SignValue’s Paul Wright is an expert in valuing out of home advertising companies. Insider asked Wright for an update on billboard values. With the changes in income tax law coming in 2018, do you anticipate a shift in focus to property valuations? We are cautiously optimistic that the dramatic reductions […]
Last week Landmark Infrastructure, the publicly-traded investor in tower, solar, wind and outdoor leases and easements announced the signing of an agreement purchase 127 assets in 32 states for $60 million. Closing is scheduled for this week. The press release did specify if any of the new assets were outdoor. […]
This is old news for some of you but Insider visited the Independent Outdoor company website this week while updating the 2018 Out of Home Advertising website rankings and this is what he found. Lamar purchased Independent Outdoor’s plant several months ago. Lamar keeps a very low profile on acquisitions […]
Max Drachman is an out of home broker at Kalil and Co. Drachman has this update on the out of home M&A market. Max, it looks like you had a busy 2017. Can you bring us up to speed on any closings you facilitated towards the end of the year? […]
Lamar outperformed the S&P 500 during the fourth quarter of 2017. Clear Channel Outdoor and Outfront underperformed the S&P 500 during the fourth quarter of 2017. Here are the actual numbers. Lamar up 8.74% during the fourth quarter of 2017. S&P 500 up 5.71% during the fourth quarter of 2017. Clear […]
Mark Boidman, Christian Bermel and Brandon Yoshimura of PJ Solomon have prepared a concise 1 page overview of the impact of the tax bill on the Out of Home industry. Good news. Disclaimer This presentation has been prepared solely for informational and illustrative purposes and is not to be […]
New York – Branded Cities (“BC”), a digital and spectacular Out-Of-Home (“OOH”) media company, announced today a large minority investment from Shamrock Capital (“Shamrock”), a Los Angeles based media, entertainment and communication focused investment firm. Shamrock partners, Steve Royer and Andy Howard, will join the BC board. Formed in 1998 […]
A late report yesterday shed some detail on what the major lender’s are requesting from iHeart Media in their debt restructuring negotiations. Insider has expected the debt holders would be aggressive and would pursue a significant equity position in both iHeart and Clear Channel Outdoor. Here is what the lender […]
Daktronics reported flat sales and slightly lower net income for the second quarter of fiscal 2018. Here are the results of the earnings release and the Seeking Alpha earnings call transcript. Revenues were flat at $170 million for the second quarter of fiscal 2018 (three months ended October 28, 2017). […]
