Outfront announced financials for the third quarter of 2006. Here are the highlights from the earnings release and webcast. Revenues declined 1% to $383 million during the third quarter of 2016 due to the disposition of the company’s Latin American operations. Organic revenues (excluding the impact of acquisitions and […]
Lamar released financials for the third quarter 2016. Here are the highlights. Revenue increased 10.5% to $388 million during the third quarter due to additional revenue from the Clear Channel Outdoor acquisitions. Revenue increased 3.6% when adjusted for acquisitions due to healthy increase in digital sign revenue (up 6.6%) and […]
Max Drachman is a outdoor advertising industry investment banker with Kalil and Co. Insider interviewed Drachman last week about trends in the outdoor advertising M&A market. Max, have you closed any transactions since the last time we checked in with you in early September? Yes, we have closed four more […]
Seeking Alpha reports that Landmark Infrastructure, the outdoor lease and easement purchaser, has issued 3 million shares in new common stock. Insider calculates that the company raised $49 million based on 10/14/16 share price of $16.33. Landmark is using the cash to pay down revolving debt. It will ultimately […]
Non-competes are an important but often overlooked aspect of selling an outdoor company. We asked Gabe Oliverio to discuss what sellers should be thinking about when they negotiate a non-compete. Gabe is a managing director at Johnsen, Fretty & Co, an investment bank which specializes in divestitures, acquisitions, […]
Public outdoor company valuations shrank slightly during the third quarter of 2016 as this chart demonstrates: Public Company Outdoor Values September 2016 The average revenue multiple for the four public outdoor companies shrank from 3.74 times to 3.60 times. JCDecaux, Clear Channel Outdoor and Outfront trade at a lower revenue […]
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 […]
