Landmark Infrastructure announced first quarter 2016 financials. Landmark acquires real estate which is leased to the wireless, outdoor and renewable power industries. Revenues increased 25% to $7.8 million. EBIDTA totaled $3.9 million. Outdoor accounted for 271 (24%) of the firm’s 1,114 sites at March 31, 2016. The outdoor leases have […]
Finance
An Update on iHeart’s Debt Problems
Insider has previously reported on Clear Channel Outdoor’s parent company iHeartMedia and their attempts to resolve a dispute with one of their lending groups. iHeart has a May trial date set to try and block a group of lenders from declaring a default on more than $3 billion in loans. […]
Clear Channel Outdoor Performs Better Than Expected
Clear Channel Outdoor Holdings released first quarter 2016 financials yesterday. Here are the highlights. Total Revenues increased by 1.8% excluding foreign exchange effects and non-strategic asset sales. North and South American revenues increased by 4%. The company attributed the growth to higher revenue from digital billboards and higher occupancy […]
Clear Channel Outdoor Not Done Selling.
Insider expects to see more Clear Channel Outdoor asset sales. Here’s what we’ve heard: Clear Channel Outdoor is trying to keep assets in the top 10 DMA’s: New York, Los Angeles, Chicago, Philly, Dallas, San Francisco, Boston, Wash DC, Atlanta, Houston. Everything else is for sale for a price. Whether […]
Yesco Outdoor Acquires Reagan Assets in Idaho and Montana
Yesco Outdoor Media has announced the April 8 purchase of the billboard assets of Reagan National Advertising in Idaho and Montana. Yesco acquired 80 Reagan faces in Idaho and 14 Reagan faces in Montana and currently has 378 faces in Idaho and 346 in Montana which makes Yesco the second […]
Outfront’s Male and Shassian Interviewed by REIT.com
Reit.com has an interview with Outfront Chairman and CEO Jeremy Male and CFO Donald Shassian. Some of the highlights of the interview. Male says that out-of-home was a 2X GDP business from 1990-2015 with annual revenue growth of 4%/year or twice the 2%/year GDP growth rate. Looks to Insider like […]
iHeart Has Trial Date On Debt Dispute
An update on iHeart Media/Clear Channel Outdoor debt issues. The Wall Street Journal is reporting that iHeart has a May trial date set to block a group of lenders from declaring a default on more than $3 billion in loans. In the meantime, both sides have agreed to abide by […]
Jarred Saba on Buying Billboard Leases
There are several companies which want to buy outdoor advertising easements: Landmark, Milepost Capital, Billboard Property Group and Lease Advisors. Insider is skeptical about some of these companies but thinks it never hurts to talk to anyone any time. Lease Advisors was founded in 2008 and is the nation’s leading lease acquisition […]
Emarketer expects outdoor to grow 2.6% during 2016.
eMarketer projects a 5.1% increase in 2016 US ad revenues according to Mediapost. Here’s how it splits out by sector. Digital Media Spending up 15.4% TV ad spending up 5.1%. Outdoor ad spending up 2.6%. Print ad spending down 5% Insider’s take: Not sure why emarketer projects such low outdoor […]
Limit Outdoor Debt to 3X Gross Revenue
Insider thinks 3 times annualized revenues is a reasonable debt limit for most small billboard companies. Here’s why. If you borrow less than 3 times gross revenue, your plant will be worth more than debt even if revenues drop and multiples contract during a recession. Industry revenues declined 20% during […]
