Max Drachman is an out of home advertising investment banker with Kalil and Co. Insider talked with Drachman about trends in the out of home transactions market. What’s new on the out of home advertising M&A front? Things have been steady. We just closed a deal in Wisconsin selling Hartlind […]
Insider put together a chart showing the performance of the Lamar, Outfront Media and Clear Channel Outdoor versus NASDAQ (the index of approximately 3,000 common stock listed on the NASDAQ stock exchange) . NASDAQ is a better benchmark for performance than the S&P 500 because Lamar, Clear Channel Outdoor and […]
JCDecaux released 2016 revenue figures. Street Furniture growing 5%. Transit growing 2% at pace with economy. Billboards up 1% so underperforming economy. US flat. UK Booming. Here are the charts. [wpforms id=”9787″]
Donna Desmond is a business appraiser who had specialized in out of home advertising valuations since the early 1990s. She started Donna Desmond Associates, in Los Angeles in 1997. She is a renowned expert in the economics and valuation of outdoor advertising assets. Desmond has prepared hundreds of appraisals of billboard assets […]
Public outdoor company valuations shrank slightly during the fourth quarter of 2016 as this chart demonstrates. Public Outdoor Company Valuations December 2016 The average revenue multiple for the four public outdoor companies shrank from 3.60 times to 3.57 times. JCDecaux, Clear Channel Outdoor and Outfront trade at a lower revenue […]
Spire Capital, a New York private equity fund, has announced an investment in Vector Media, a New York out of home advertising company specializing in large format advertising and traditional out of home advertising. Spire Capital’s previous media investments have included the Skymall in-flight magazine, multi-channel marketer On Campus Marketing […]
The digital billboard manufacturer Daktronics announced higher profits for the second quarter of fiscal 2017. You can listen to the earnings webcast here download the firm’s investor slides here. Net sales increased 8% to $170 million during the second quarter of fiscal 2017 (3 months ended October 29, 2016). Commercial unit sales, […]
You should never finance an Alabama billboard with a lease instead of a loan. The State of Alabama has a punitive rental tax which applies to leases and rentals. Here’s the Alabama tax law: 810-6-5-.09 Leasing and Rental of Tangible Personal Property. (1) The term “rental tax” as used in […]
Here are the highlights from Clear Channel Outdoor’s third quarter 2016 financials and webcast. You can also read a Seeking Alpha transcript of the webcast here. Clear Channel Outdoor consolidated revenue declined by 3.3% to $673 million due to asset sales and the impact of foreign exchange fluctuations. Organic revenue growth […]
Landmark Infrastructure has announced third quarter 2016 financials. Here are the highlights of the firm’s press release and webcast. Third quarter revenue increased by 59% to 8.8% million due to acquisitions. Third quarter adjusted EBIDTA increased by 63% to $8.3 million. The company has been busy raising capital for acquisitions. […]
