US Out of home stocks outperformed the market during the first quarter of 2017. A portfolio of the three public US outdoor companies (Clear Channel Outdoor, Lamar Advertising and Outfront Media) increased by 16% per annum during the first quarter of 2017 (3 months ended March 31, 2017) well above […]
Since we reported on the iHeart Media debt swap proposal, there have been some signs of how the market might react. iHeart Media is a privately held company with Bain Capital and Thomas H. Lee Partners owning the bulk of the old Clear Channel Radio since 2008. However, there is […]
Insider has been lending to media companies for almost 30 years. On two occasions business owners died suddenly. One was hit by a train. Another had a heart attack and died while watching TV with his family. What happens to your our of home business if you die? Here are […]
Max Drachman of Kailil and Co closed three deals last week. Insider asked Max for an update. Max, in our February interview, you mentioned some deals were about to close. Can you bring Insider up to speed? Definitely. Last week we closed the following transactions: We assisted Franklin Outdoor in […]
A legendary billboard plant in Richmond Indiana is for sale. The plant was built by Tom Raper, an Indiana entrepreneur who made money in the RV business, real estate and billboards. He built the billboards to provide advertising support for his RV dealership. Raper died in 2015 and his estate […]
The outdoor easement and lease purchaser Landmark Outdoor has released 2016 financials. Here are the highlights from Insider’s review of the 2016 financials and Seeking Alpha earnings call transcript. Insider has summarized Landmark’s Outdoor Advertising Investments in the following table. Landmark Infrastructure Outdoor Advertising Real Estate Property Interests 2015 and […]
Clear Channel Outdoor released financials for the fourth quarter of 2016 (3 months ended December 31, 2016). For more details see the 2016 financials and Seeking Alpha Earnings call transcript. Consolidated Clear Channel Outdoor revenue excluding foreign exchange decreased by 6% to $746 million during the fourth quarter of 2016 […]
Lamar released fourth quarter 2016 financials yesterday. Here are the highlights from the financials and the Seeking Alpha earnings call transcript. All of the quotes come from the Seeking Alpha transcript. Revenue increased 8.6% to $386 million. Acquisition adjusted revenue increased 2% or slightly in excess of GDP. The rest […]
Here are the highlights from Outfront’s fourth quarter 2016 financials and Seeking Alpha Earnings call. Revenues decreased 0.3% to $397 million during the fourth quarter of 2016 as a 2.9% acquisition adjusted increase in revenues was offset by the disposition of the company’s Latin American business. The 2.8% increase in organic […]
As previously announced, on February 9, 2017, the Board of Directors of Clear Channel Outdoor Holdings, Inc. (the “Company”) declared a special cash dividend payable on February 23, 2017 (the “Payment Date”) to Class A and B stockholders of record at the closing of business on February 20, 2017 (the “Record Date”), in an […]
