Don Shassian, Outfront’s Chief Financial Officer spoke at the 24th Annual Deutsche Bank Leveraged Finance Conference, September 28, 2016 in New York City. You can listen to the talk on the Outfront Events and Presentations Page. Here’s a summary of the talk: On Outfront’s recent win of the Boston Transit […]
Sometimes you have to split up your company. Perhaps your partner wants to retire or you are getting a divorce and your spouse wants half the business. How do you place a value on your company? The Amicable Approach The best solution is to amicably resolve what your company is […]
Being the “organizational wonk” of the Westburg/Weller Billboard Insider partnership, this will be the first of periodic thoughts on the business side of operations. Let me know if you think they are worthwhile? You may have recently read about Wells Fargo Bank and their problems with thousands of employees secretly […]
Clear Channel Outdoor has sold its Rockford, Illinois plant to Key Outdoor. The transaction was brokered by Max Drachman of Kalilco & Co. Insider talked with Drachman about the sale. How did this transaction come about? Key Outdoor is one of the largest independent Outdoor operators in the Midwest. We […]
LED billboard manufacturer Daktronics returned for profitability for the financial quarter ended July 30, 2016. The market liked what it heard because Daktronics Stock ended the day up 18% to $8.18. Here are highlights from the Daktronics First Quarter Fiscal 2017 earnings release, investor presentation and seeking alpha earnings call transcript. Revenue increased […]
Insider wrote yesterday that prepayment penalties are one of the disadvantages of equipment leasing. Almost all equipment leasing companies have prepayment penalties. Insider can think of one exception – Billboard Loans – a finance company which Insider manages. Sometimes the prepayment penalties are called yield maintenance clauses. Sometimes the prepayment penalty […]
Many of you got your start leasing your billboards from Courtesy Finance. Courtesy is no longer around but companies like Geneva Capital write equipment leases. Here are the pros and cons of equipment leases. Pros of Equipment Leasing 100% financing. Because leasing companies understand equipment they will often lend 100% […]
Max Drachman is an outdoor industry investment banker with Kalil and Co. Insider talked with Drachman about the M&A market last week. What transactions have you closed recently Max? So far this year we have closed seven Outdoor deals. Our most recent closing was the Lindmark/Newman deal in New Mexico. […]
Iheart Media and Clear Channel Outdoor announced financial results for the 3 months ended June 2016. You can read the financials here , a power point summary of the financials here and the Seeking Alpha earnings call transcript here. Clear Channel Outdoor revenue declined by 2% to $712 million during the second […]
Outfront Media reported financials for the three months ended June 30, 2016 yesterday. You can read the Outfront press release here and the Seeking Alpha earnings transcript here. Revenues increased $0.6 million (0.2%) to $385 million during the second quarter of 2016 as billboard and transit growth was offset by […]
