The 3 public US out of home companies are more risky that than that US stock market based on their betas. The US Stock market beta: 1.00 Lamar beta: 1.13 Outfront beta: […]
Finance
Gabe Oliverio on Asset Swaps
Insider caught up with Gabe Oliverio, Managing Director at outdoor investment banking firm Johnsen, Fretty & Co., about a swap transaction announced last week involving Independent Outdoor Network (transaction press release here). You can contact Gabe at goliverio@jfco.com. Tell us about the transaction and how you were involved. Interestingly, the […]
Out of home values stable in 2Q 2017
Public out of home company valuations were stable during the second quarter of 2017. The following table shows that the four public out of home companies (Clear Channel Outdoor, Lamar, OUTFRONT and JCDecaux) had an enterprise value of 13.2 times cashflow at June 2017, down slightly from 13.4 times cashflow […]
US Out of home stocks lag during second quarter.
US Out of home advertising stocks lagged the Standard and Poors 500 during the second quarter of 2017. A stock index consisting of Lamar, Outfront and Clear Channel Outdoor declined by 4.2% during the second quarter of 2017 while the Standard and Poors 500 was up 2.7% for the quarter. […]
Patient Point Receives $140 million in Growth Financing
Insider’s take: Here’s the press release for a Peter J Solomon-advised capital raise by PatientPoint. This is the second out of home investment for Searchlight Capital, which has also invested in Ocean Outdoor U.K., one of Britain’s largest digital billboard companies. The value of this business will depend heavily […]
JCDecaux and América Móvil merge their OOH businesses in Mexico
JCDecaux SA, the number one outdoor advertising company worldwide and América Móvil, the leading wireless provider in Latin America and the third largest in the world in terms of equity subscribers, have announced the entering into a joint venture for the out-of-home (“OOH”) advertising businesses in Mexico by merging each […]
Link Media Buys Vision Outdoor
Link Media has closed on the purchase of Atlanta-based Vision Outdoor. Vision owns 3 billboard structures structures consisting of 4 Formetco digital billboards and 2 static billboards. The digital signs are on I-285 in Atlanta and Highway 41 in Acworth Georgia. Link Media’s parent Boston Omaha priced its IPO at […]
iHeartCommunications, Inc. Announces Extension of Private Offers
June 08, 2017 06:45 AM Eastern Daylight Time SAN ANTONIO–(BUSINESS WIRE)–iHeartCommunications, Inc. (“iHeartCommunications”) today announced that it is extending the private offers (the “Exchange Offers”) to holders of certain series of iHeartCommunications’ outstanding debt securities (the “Existing Notes”) to exchange the Existing Notes for new securities (the “New Securities”) of […]
Link Media’s Parent Planning IPO
Boston Omaha, the parent company of out of home operator Link Media plans to raise $71.5 million via an IPO. The IPO is expected to price during the week of June 12, 2017. Boston Omaha’s owners Magnolia Capital Fund and Boulderado Partners will buy $47 million of the new […]
Daktronics Profitable in 4Q 2017
Digital billboard manufacturer Daktronics earned a profit of $0.9 million on revenue of $144 million in the fourth quarter of fiscal 2017 (3 months ended April 29, 2017) versus a net loss of $2.9 million on revenue of $138 million during the fourth quarter of fiscal 2016 Here are highlights […]
