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 […]
Billboard Insider reported on April 24th of Clear Channel Outdoor’s parent company, iHeart Media and their current effort at restructuring their $20 billion in debt and extension of the offer until today, March 28th. Yesterday, the company extended for the third time the deadline to its lenders and bondholders for its […]
Experienced out of home advertising executive and independent operator, Marty Williamson just sold the out of home assets of American Outdoor and USA Outdoor to Horton Outdoor. Williamson is a 34 year veteran of the out of home business. He began his career in 1983 as an Account Executive with […]
Seeking Alpha has published a bullish article on Lamar titled: “This Billboard REIT Has Plenty of Buzz.” Analyst Brad Thomas gives the company a buy rating due to superior assets in prime, iconic locations and upside from potential cell/data leases . Thomas notes that one of the benefits of out […]
Reuters reported on Friday the 21st that a group of iHeartMedia lenders have signed a cooperation agreement to oppose the debt overhaul of the largest owner of U.S. radio stations and the parent company of Clear Channel Outdoor. Insider has previously reported on iHeart and their proposed debt swap. The proposal […]
Huntington Outdoor has recently acquired Echo Outdoor billboards located in Sidney, Ohio. Huntington Outdoors mission is to help small businesses thrive and the buyout of Echo Outdoor provides Huntington with more opportunities to achieve this mission. “We are thrilled to announce the buyout of Echo Outdoor,” said Justin Powell, CEO […]
Outdoor advertising valuations increased during the first quarter of 2017 as you can see from the following chart. The revenue multiple for the four public out of home companies increased from 3.6 times at December 2016 to 3.8 times at March 2017. The cashflow multiple for the four public companies […]
