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 […]
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 […]
