Reuters reported on Friday the 21st that a group of iHeartMedia lenders have signed a cooperation agreement to oppose the debt overhaul of the largest owner of U.S. radio stations and the parent company of Clear Channel Outdoor. Insider has previously reported on iHeart and their proposed debt swap. The proposal […]
Huntington Outdoor has recently acquired Echo Outdoor billboards located in Sidney, Ohio. Huntington Outdoors mission is to help small businesses thrive and the buyout of Echo Outdoor provides Huntington with more opportunities to achieve this mission. “We are thrilled to announce the buyout of Echo Outdoor,” said Justin Powell, CEO […]
Outdoor advertising valuations increased during the first quarter of 2017 as you can see from the following chart. The revenue multiple for the four public out of home companies increased from 3.6 times at December 2016 to 3.8 times at March 2017. The cashflow multiple for the four public companies […]
US Out of home stocks outperformed the market during the first quarter of 2017. A portfolio of the three public US outdoor companies (Clear Channel Outdoor, Lamar Advertising and Outfront Media) increased by 16% per annum during the first quarter of 2017 (3 months ended March 31, 2017) well above […]
Since we reported on the iHeart Media debt swap proposal, there have been some signs of how the market might react. iHeart Media is a privately held company with Bain Capital and Thomas H. Lee Partners owning the bulk of the old Clear Channel Radio since 2008. However, there is […]
Insider has been lending to media companies for almost 30 years. On two occasions business owners died suddenly. One was hit by a train. Another had a heart attack and died while watching TV with his family. What happens to your our of home business if you die? Here are […]
Max Drachman of Kailil and Co closed three deals last week. Insider asked Max for an update. Max, in our February interview, you mentioned some deals were about to close. Can you bring Insider up to speed? Definitely. Last week we closed the following transactions: We assisted Franklin Outdoor in […]
A legendary billboard plant in Richmond Indiana is for sale. The plant was built by Tom Raper, an Indiana entrepreneur who made money in the RV business, real estate and billboards. He built the billboards to provide advertising support for his RV dealership. Raper died in 2015 and his estate […]
The outdoor easement and lease purchaser Landmark Outdoor has released 2016 financials. Here are the highlights from Insider’s review of the 2016 financials and Seeking Alpha earnings call transcript. Insider has summarized Landmark’s Outdoor Advertising Investments in the following table. Landmark Infrastructure Outdoor Advertising Real Estate Property Interests 2015 and […]
Clear Channel Outdoor released financials for the fourth quarter of 2016 (3 months ended December 31, 2016). For more details see the 2016 financials and Seeking Alpha Earnings call transcript. Consolidated Clear Channel Outdoor revenue excluding foreign exchange decreased by 6% to $746 million during the fourth quarter of 2016 […]
